COMPANY LAW Appointment of Independent Director in Public Company Appointment of an Independent Director Call and convene meeting of Nomination and Remuneration Committee. The Nomination and Remuneration Committee of the Company shall with a due diligence select and recommend an Individual to be appointed as an Independent Director after ensuring that there is appropriate balance Read More →

COMPANY LAW

COMPANY LAW Conversion of loan into shares of Company Conversion of loans into shares of a Company are a common practice in the market as many companies that had borrowed loans from its Directors, financial Institutions or from anybody corporate is under the obligation to pay such debt within the time prescribed as per the Read More →

company law

COMPANY LAW Remuneration to Non-executive Directors and Independent Directors in case of absence or Inadequacy of Profits One of the major amendment proposed by the Companies (Amendment) Act, 2020 (at present, it is bill) is with regard to remuneration to independent director and non-executive directors in Case of Absence or Inadequacy of Profits. In this Read More →

Company law

COMPANY LAW Companies Fresh Start Scheme 2020 (CFSS-2020) Companies Fresh Start Scheme, 2020 (CFSS-2020) -The Ministry of corporate affairs issued a scheme known as Companies fresh start Scheme 2020 (CFSS-2020). -This Scheme provides immunity to stakeholders who unable to file specified documents including annual filing to ROCs. -CFSS-2020 also grant immunity for any prosecution or Read More →

COMPANY LAW LLP Settlement Scheme, 2020: Highlights Introduction The Limited Liability Partnership (LLP) is seen as an alternative corporate business vehicle that gives the advantages of Limited Liability yet permits its individuals the flexibility of sorting out their inward structure as an organization in light of a mutually arrived agreement. Attributable to flexibility in its structure and Read More →

transfer shares

COMPANY LAW Transfer of shares by way of GIFT: Article explains Key provisions relating to transfer of shares by way of GIFT, Provisions on Transfer of Shares, Procedure for transfer of shares by way of Gift, Documents required to be prepared and Other key provisions relating to the transfer of shares by GIFT. In general Read More →

company law

COMPANY LAW FAQs on Filing CAR Form With MCA FAQs on filing Form CAR (Company Affirmation of Readiness towards COVID-19) As all of you are aware that Ministry of Corporate Affairs (MCA) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, Read More →

company law

COMPANY LAW   Proportional Representation Principle for Appointment of Directors | Section 163:   Section 163 – Option to adopt Principle of Proportional Representation for Appointment of Directors (Chapter XI) As per the company’s laws, the appointment of directors in a company is usually done through simple majority by passing a resolution in the General Read More →

company law

COMPANY LAW Checklist for issue of Sweat Equity Shares under Companies Act, 2013 Issue of Sweat Equity Shares In the current scenario, an employee is the key of the success of every organization and every employee deserve to be compensated for the efforts made by them to make the organization successful in the competitive market Read More →