of financially distressed companies 38 Protection of minority shareholders interest 39 Conclusion 40 Annexure 41 Glossary 45 2 Background The Companies Act, 2013 (2013 Act) was assented by the President of India on 29 August 2013 and published in the Official Gazette on 30 August 2013. The...
In this Act, unless the context otherwise requires, Section-2(1) Abridged Prospectus: “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; ...
Important: Section 338 of Companies Act: Purpose, Analysis & Penalty Most Important Features of Section 339 Under the Companies Act 2013 Section 339 of the Act addresses fraud offences and other relevant issues. To expand further, Section 339 makes fraud offences punishable by a fine, jail, or...
Section 178 of Companies Act 2013: Nomination and Remuneration Committee and Stakeholders Relationship Committee Section 178 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014. (1) The Board of Directors of every listed public company and such ...
Valuation advisors are well-versed in the attributes of Valuation under the Companies Act 2013 and are experts in their field. Amendments in Valuation as per the Companies Act Previously, there was only a makeshift framework for valuation professionals, which the Companies Act primarily governed. ...
A Section 8 Company: A Section 8 Company of Companies, 2013 is the same as Section 25 company under the old Companies Act, 1956. Section 8 company is one of the most popular forms of Non- Profit Organizations in India. Liaison Office / Representative Office: A Liaison Office could be est...
–act as a simple holding company for its subsidiaries; –buying shares in any business as permitted by the law; –providing support to other companies within its holding with respect to the activities they complete; –engaging in the management of the subsidiary; –offering advisory, financial,...
With an objective of addressing and resolving the 'shoe-pinching' issues in Companies Act, 2013 ('the Act'), the Government on June 4, 2015, constituted an 8-member Company Law Committee. The said Committee was headed by Secretary, Ministry of Corporate Affairs. On February 1, 2016, the ...
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The article highlights that time is running out for companies of New Zealand intending to re-register under the Companies Act 1993. Trading companies can take 4 to 5 weeks to complete re-registration. The process must be started by late May if companies are to complete the process by the st...