COMPANY LAW: Concept of Woman Director under Companies Act, 2013 Earlier under Companies Act, 1956 there was no such provision under which appointment of woman has been made compulsory for Companies but with the introduction of The Companies Act, 2013, a sub section and rule related to the mandatorily appointment of Woman Director in the … Read More →
COMPANY LAW: New Independent Directors Rules under Companies Act 2013 ? Independent Director (Define): Means an independent director referred to in Section 149(6). ? Applicability of Independent Director Provisions: Listed Company The Public Companies having paid up share capital of 10cr or more; or The Public Companies having turnover of 100cr or more; or The … Read More →
COMPANY LAW: Section 186- Loan & Investment by Companies SECTION 186 + Rule 11, 12 and 13 of Companies (Meeting of Boards and its Powers) Rules, 2014 LOAN AND INVESTMENT BY COMPANY Objective: – > To protect the interest of shareholders > To prevent company from unnecessary exploitation of funds of shareholders > To maintain … Read More →
COMPANY LAW: Surrender of DIN- Procedure and Relevant Formats Article explains Procedure for SURRENDER OF DIRECTOR IDENTIFICATION NUMBER (DIN) along with relevant Rules and Provisions of Companies Act, 2013. Article also explains How a person can surrender his extra DIN, if he has multiple of DIN, Procedure for Filling of Compounding Application with the Regional … Read More →
COMPANY LAW: Auditor Certificate For DPT – 3 Ministry of Corporate Affairs (MCA) vide its notification dated 22.01.2019 has notified amendment in the Companies (Acceptance of Deposits) Rules 2014 and a new sub–rule 16A(3) was inserted which read as follows: “Every company other than Government company shall file a onetime return of outstanding receipt of … Read More →
COMPANY LAW: Appointment of Director Elected by Small Shareholders | Section 151 Appointment of Director Elected by Small Shareholders- Section-151 of Companies Act,2013 Small shareholders” means a shareholder holding shares of nominal value of not more than twenty thousand rupees. ? As per section 151 of companies act 2013 read with Rule 7 of the … Read More →
COMPANY LAW: What Is an Employee Stock Ownership Plan (ESOP)? An ESOP is an employee benefit plan that gives workers ownership interest in the company that is floated by the Company to encourage the employee ownership in the Company. ESOPs give the Employer Company, the selling shareholder, and participants receive various benefits like tax benefits, … Read More →
COMPANY LAW: Issue of Bonus Shares There are a lot of Companies who has surplus profits and intends to capitalize such profits by issue of bonus shares. Bonus shares are basically gift to the shareholders in the ratio of shares already owned by them. These are a free share of stock given to the existing … Read More →
COMPANY LAW: SEBI Alternate Investment Fund (AIF)- II Fund Background of Alternate Investment Fund (AIF): Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy … Read More →
COMPANY LAW: 26 key highlights of Press Conference of FM held on 17th May 2020 26 key highlights of Nirmala Sitharaman Press Conference held on 17 May 2020- Atmanirbhar Bharat As a nation, we stand at a very crucial juncture. Such a big disaster is a signal for India, it has brought a message and … Read More →