“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…
Mode Of Issue And Its Valuation
REGISTERED VALUER: ‘Registered Valuer’ means a person registered as a valuer under Chapter XVII of the Act whereas the Ministry of Corporate Affairs vide its notification has implemented the Section 247 and Registered Valuer Rules w.e.f.18th October2017. As per section…
From Additional Director To A Director
The board of directors of a company, if authorized by the articles of association, may appoint a person as an additional director. If a company wants to appoint a person as a director of the company but couldn’t do the…
Amendment: Others Matters to be included in Auditors Report
The Ministry of Corporate Affairs has amended the Companies (Audit and Auditors) Rules, 2014 and these rules may be called the Companies (Audit and Auditors) Amendment Rules, 2021 which shall come into force from 01.04.2021. Notification: http://www.mca.gov.in/Ministry/pdf/AuditAuditorsAmendmentRules_24032021.pdf By this amendment,…
Esop To Incentivize & Increase Productivity Of The Employees
Employee stock option plan Definition According to the Section-62 of the Companies Act, 2013 employee means- Permanent employee of the company. Director of the company except for the independent director. An employee of a subsidiary and holding of a company.…
MCA NOTIFICATION: COMPANIES (ACCOUNTS) AMENDMENT RULES, 2021
The Ministry of Corporate Affairs vide its notification dated 24th March 2021 has amended the Companies (Accounts) Rules, 2014, in the exercise of the power conferred under section 139 along with Section 469 of the Companies Act, 2013 and the…
Section 23 and section 45 of Companies (Amendment) Act, 2020
The Ministry of Corporate Affairs vide its notification dated 24th March 2021 issued the commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. Notification: http://www.mca.gov.in/Ministry/pdf/CommencementNotification_24032021.pdf Section 23 of the Companies (Amendment) Act, 2020 seeks to amend…
Corporate Restructuring an approach to Expand Business
Section 230 to 240 of the Companies Act, 2013 contains provisions of ‘Compromises, Arrangements, and Amalgamations’, that covers: Compromise or arrangements, Mergers and amalgamations, Demergers, Corporate Debt Restructuring, Fast track mergers (process for small companies/holding subsidiary companies), Takeovers, Cross border…