The Ministry of Corporate Affairs (MCA), in exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 vide Notification no. G.S.R. 854(E) dated 5th September, 2016 had notified Investor Education and […]
Read More →Now, your debtor can’t mess up with you , thanks to The Insolvency And Bankruptcy Code,2016 With the amendment in the Companies Act 2013 the provision for winding up of the company for the reasons due to unable to pay the debt has been omitted. Now, if their case is genuine, the only remedy available […]
Read More →Fast Track Exit (FTE) is one of the quick ways to shut down a company, when it is non-operational over a period of time. It gives an option to Defunct Companies to get their names struck off from the Register of Companies. In its place, under the Companies Act, 2013 has brought in a process […]
Read More →List of matters which are to be passed only at a duly convened Board Meeting and not by Circulation To issue securities, including debentures, whether in or outside India To make political contributions to authorise buyback of securities under section 68; Allotment of shares and debentures To borrow monies; Appointment of a Managing Director […]
Read More →1. CSR Committee (Section 135 of Companies Act 2013) Every company having the following criteria shall contribute in every financial year, at least two per cent. Of the average net profits of the company made during the three immediately preceding financial years Net Worth: Rs. 500 Crores Turnover: Rs. 1000 Crores Profits: Rs. […]
Read More →Meaning: As per section 406 of Companies Act 2013 ,“Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit ,and which complies with such rules as are […]
Read More →Meaning: As per sec 465(1)of companies Act ,2013,Producer Company is a group of people engaged in the production of primary produce and body corporate having its objects and activities as specified in section 581 B of companies Act,1956 “Primary produce” means – (1) produce of farmers, arising from agriculture (including animal husbandry, horticulture, floriculture, pisciculture, […]
Read More →The Ministry of Corporate Affairs (MCA), has vide Notification no. S.O. 1932(E) dated 01.06.2016 notified constitution of National Company Law Tribunal by Central Government, to exercise and discharge the powers and functions as are, or may be, conferred on it by or under the Companies Act, 2013 with effect from the 1st day of June, […]
Read More →S. No. Point of Differences Right Issue (Equity Shares& Preference Shares) Private Placement (Securities) Preferential issue (Securities) 1. Definition When issue of equity/preferenceshares is made by an issuer to its existing equity shareholders in a ratio to the number of shares held as on the date of Board Meeting it is called a right issue. […]
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