ARREST OF PERSON TRYING TO LEAVE INDIA OR ABSCOND

SECTION 301 OF COMPANIES ACT 2013: ARREST OF PERSON TRYING TO LEAVE INDIA OR ABSCOND The rules of Section 301 go into effect on December 15th, 2016. You can refer to the S.O. 3677(E) notification, which was released on 7/12/2016. You will discover in-depth information about the provisions of Section 301 of the 2013 Companies... Continue Reading →

SHELF PROSPECTUS

A particular kind of prospectus released by businesses that issue bonds in numerous issues is known as a shelf prospectus. Any announcement, advertisement, or other document urging the public to subscribe for securities is referred to as a prospectus. Public limited businesses are required to publish a prospectus prior to issuing securities. Any public limited... Continue Reading →

INDEPENDENT DIRECTORS

Independent Directors' Qualifications, Powers, and Terms of Appointment. An Independent Director has traditionally been a highly esteemed and intelligent someone who represents governance within the Board. A non-executive director of a corporation who satisfies the Companies Act of 2013's requirements for independence is referred to as an independent director. Independent Directors serve as an oversight... Continue Reading →

EFFECT OF COMPANY NOTIFIED AS DISSOLVED

(SECTION 250) OF THE COMPANIES ACT 2013 The Certificate of Incorporation issued to a company that has been declared insolvent under Section 248 shall be deemed to have been revoked as of the date specified in the notice provided pursuant to Subsection (5) of that Section, save for the purpose of realizing the amount due... Continue Reading →

FIRM, BODY CORPORATE OR ASSOCIATION NOT TO BE APPOINTED AS INSPECTOR

UNDER SECTION 215 OF THE COMPANIES ACT 2013 QUOTING THIS ACT No firm, body corporate or association shall be appointed as inspector. DEFINATION FIRM A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand,... Continue Reading →

MEETING OF THE BOARD

Meetings of the Board are covered in Section 173 of the Act, while quorum is covered in Section 174. - According to the Act, the first Board meeting must be convened within 30 days of the company's incorporation. A minimum of four Board meetings must be held annually, and no more than 120 days may... Continue Reading →

MAINTAINENCE OF DATA BASE OF INDEPENDENT DIRECTORS

COMPANIES (CREATION AND MAINTENTENANCE OF DATABANK IN INDEPENDENT DIRECTOR) RULE,2019 Section 150: This is new section which provide the manner or selection of independent director and maintenance of databank by anybody, institute or association as may notified by cental government. This section also tells prescription power of cental government. Notification from the Government of India's... Continue Reading →

APPLICATION FOR ALLOTMENT OF DIRECTOR IDENTIFICATION NUMBER [DIN]

Director Identification number [section 153-159] INTRODUCTION No person shall be appointed as a director of a company unless he has been allotted the Director Identification Number under section 154 which is issued by the central government. The Company shall within 15 days furnish the DIN of all directors to the registrar (ROC) on a prescribed... Continue Reading →

Company to have board of directors

Why does a successful firm need a board of directors? I believe there are several reasons why business leaders should think about creating a board of directors, even if they are not required to do so, based on my own experience as the founder of Advanced Care Partners (ACP). 1.Expertise in Strategy: After I sold the... Continue Reading →

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: