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…
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…
Easing Of Filing Of Forms For Creation Or Modification Of Charge
The Ministry of Corporate Affairs has vide its notification dated 17thJune 2020 (General Circular No. 23/2020) introduced the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013and further amended…
Appointment Of Independent Directors: NOW A DATABANK’S JOB
Section 150 of the Companies Act, 2013 has provided for the maintenance of Databank of Independent Directors and for the selection of Independent Directors. The Ministry of Corporate Affairs has thusvid its notification dated 22nd October 2019 set forth Companies…
Amendement: Conducting Of Board Meeting Through Video Conferencing Mode
The Ministry of Corporate Affairs has vide its notification dated 19th March 2020 ameliorated the Companies (Meetings of Board and its Powers) Rules, 2014. The Rules are hereby called as Companies (Meetings of Board and its Powers) Amendment Rules, 2020.In…
Abridged Directors Report For Small & One Person Company (OPC)
The small company concept was introduced by the government to provide various benefits to the people of India, the small company will not specifically be registered with a specific name but will be registered under a private company with a…