The Companies Act, 2013 has introduced some new Concepts which were not present in 1956 Act. Restriction on Non- Cash Transactions Involving Directors (Section 192) Restriction and Legal requirements:-No Company shall enter into an arrangement by which:- a director of the company or its holding, subsidiary or associate company or a person connected with him …
Insight on Section 192 & Section 194 of Companies Act -2013 Read More »
Section 177 of the Companies Act, 2013 (“the Act”) read with Rule 6 and 7 of Companies (Meetings of Board and its Powers) Rules, 2014 (“the Rules”) deals with Audit Committee. The requirements relating to audit committee was first introduced by the Companies (Amendment) Act, 2000. Audit committees are a measure of ensuring self discipline, …
An Insight On Audit Committee Under Companies Act, 2013 Read More »
Introduction:- A rights issue is a direct offer of shares to all the existing shareholders of the Company in proportion to their current holding. The company also sets a time limit for the shareholder to buy the shares. Companies pursue Rights Issue as an avenue to raise funds for various reasons, ranging from expansion or …
The companies Act, 2013 has come into effect from 01.04.2014 and replaces a nearly six decade-old legislation and overhauls the way corporate functions and are regulated in the country. The note here under gives overview of the provisions of Audit and Auditor covered under Chapter X of Companies Act, 2013. 1). Appointment of first auditor …
Applicability: Every listed company or a company having not less than 1000 shareholders shall provide to its members facility to exercise their right to vote at general meetings by electronic means. A company which opts to provide the facility to its members to exercise their votes at any general meeting by electronic voting system shall …
Insight into the Electronic voting (E-voting) under the Companies Act, 2013 Read More »
Chapter – XXII – Companies Incorporated outside India read with Companies (Registration of Foreign Companies) Rules, 2014 Introduction: If a person desires to do business in India, he can enter India either by way of establishing a place of business in India or he can form an independent company in India. This note covers relevant …
Section 73-76 read with Companies (Acceptance of Deposit) Rules, 2014 Deposit – includes any receipt of money by way of deposit or loan or in any other form, by a company. Depositor – Any member who has made a deposit with the Company. Any person who has made a deposit with the Company under Section …
Overview on Acceptance of Deposits Under Companies Act, 2013 Read More »
Ministry of Corporate Affairs is notifying the Act and the Rules with lightning speed. After notification of majority of sections and rules, these have caught the professional and corporate sector in a whirlwind. We have tried to give below a background of important provisions of Companies Act, 2013 pertaining to meetings of Boards and Auditors. …
Overview of the provisions relating to Board & Auditors Under Companies Act, 2013 Read More »
[vc_row][vc_column][vc_column_text]The Companies Act, 2013 (“Act“) comprises of 29 chapters, 470 sections with 7 schedules. The Ministry of Corporate Affairs has notified 283 Sections until 26th March, 2014. Let us have a glance at Notified Sections of Chapter II of the Companies Act, 2013 Section No. under Co’s Act, 2013 Corresponding Section in Co’s Act, 1956 …
Notified Sections of Chapter II of the Companies Act, 2013 – At A Glance Read More »
[vc_row][vc_column][vc_column_text]Background: As you know that Companies Act, 2013 has been published in the Gazette for public information with the information that it will become applicable once it is notified by the Central Government (Ministry of Corporate Affairs) to replace the present Companies Act, 1956. Accordingly, the notification for commencement of 98 sections of the new …
Comparitive Analysis Of Certain Sections Of Companies Act, 1956 & Companies Act, 2013 Read More »
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