If you have a car, a flat, you always register it to make sure that it is your property. So why don’t we do the same when we have a company? To inform a public body that you are the…
Why Is It Recommended To Register A Company Or Legal Entity?
When you are about to start a new business, you wonder whether or not you should set up a legal entity to develop that project. Perhaps you ask here and there, and doubts increase when it is reported that to…
Audit Committee (Companies Act And Sebi)
Section 177 of the Companies Act, 2013 and along with the various rules of Companies (Meetings of Board and its Power) Rules, 2014 lays down the constitution, composition, the roles, and responsibilities of the Audit Committees. REGULATORY FRAMEWORK OF AUDIT…
Relaxation By MCA
The outbreak of the coronavirus (COVID-19) is an unprecedented event that has led to the lockdowns and unanticipated restrictions on the public as well as the corporate sector in the various country of the world. Similar India has also been…
Series of Action: Strike Off of Company
The way companies act has prescribed the process for the incorporation of the company in the same way companies act has prescribed the process, conditions, and method for the closure of the company. As of date, the company act has…
Splitting Of Share Of Certificate
Shares:Section 2(84) of Companies Act, 2013 Share means share capital of a Company and it includes stocks also. Share and Debentures are movable property, and they are freely transferable in the manner provided in the AOA of the Company. Share…
Section 170, 171 and 172 of Companies Act 2013
“Members right to inspect”Under Section 171 of The Companies Act 2013 The register kept under section 170 (1), – (a) the register shall be open for inspection during business hours (9 AM TO 6 PM) and the members shall have…
Mandatory Compliances for a Private Limited Company
“Private company” are those firms that are having a minimum paid-up share capital which may be endorsed or prescribed by its articles and which,— (i) limit the rights to transfer its shares (ii) except in the case of OPC, limits…
Disqualifications For Appointment Of Director
Disqualification of Director: Section 164 contains the conditions in which a director can be disqualified as a director. Determining the condition by which a person cannot be appointed as a director or restricting him from becoming a director of the…
Run Through Changes: Corporate Social Responsibility
The Indian Government recently introduced Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 amending the previous rules. The same became effective from 22nd January 2021. CSR Defined Exclusively In New Rule: In Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021…