Month: November 2019

Strike Off/Closure Of Company Pursuant To Section 248 Of Companies Act, 2013

Companies that do not intend to carry on their operations can apply for removal of their names from the Register of Companies (ROC) and the ROC can remove their names if it has reasonable cause to believe so. Striking off of the company’s name by the Register of Companies (RoC) is an alternative to winding …

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Independent Directors Under Companies Act, 2013 And SEBI Regulations

INTRODUCTION The Board of Directors are responsible for the Company’s management and for ensuring good corporate governance. The Board should run the affairs in a transparent manner and the decisions should not be prejudicial to the interest of all its stakeholders. The Company must not be run for the material benefit of a few. Therefore, the concept of Independent Directors on the Board …

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Common Seal – Requirements in Light Of Companies (Amendment) Act, 2015

COMPANY A Company is a separate legal entity distinct from its Members. It is an artificial judicial person with many rights, obligations, powers, and duties prescribed by law. A company incorporated under the Companies Act, 2013 is vested with a corporate personality so it bears its own name and acts under the name. Therefore, it …

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