Comments on Great Britain's Section 151 of the Companies Act 1985 which outlines rules on financial assistance by a company for the acquisition of its own shares. Billings on dealing with Section 151; Effect of the legislation on private companies.Jordan...
All 484 sections are notified by the Ministry of Corporate Affairs (MCA) including 47 sections of new Chapter-XXIA (Sections 378A-378ZU) inserted w.e.f. 11-Feb-2021 by the Companies (Amendment) Act, 2020 and 61+ Rules made to the various Chapters/Sections of the Companies Act, 2013. ...
Section 132 (3) of Companies Act 2013 Section 132(3) NFRA Members:NFRA shall consist of a chairperson appointed by CG and up to 15 other prescribed members consisting of part-time and full-time members. As per NFRA Rules 2019, the NFRA shall consist of a chairperson, 3 full time members...
In the present write up, we have focused on the various provisions relating to independent directors as contained in the Companies Act, 2013. Meaning/Definition of Independent Director As per Section 2(47), “independent director” means an independent director referred to in sub-section (5) of...
2. In the Companies (Specification of definitions details) Rules, 2014, after rule 2, the following rule shall be inserted, namely:- "2A. Companies not to be considered as listed companies.- For the purposes of the proviso to clause (52) of section 2 of the Act, the followin...
The Bermuda Companies Act contains a consolidated version of the Companies Act 1981, incorporating all amendments to date. The most recent legislative updates include: the repeal and replacement of section 4 of the Registrar of Companies (Annual Corporate Regulatory Fees) Act 2024 by the Registrar ...
As per provisions of Section 180(1)(a) of the Companies Act, 2013 the Board of Directors of a Company is permitted to exercise the said power with the consent of a Company by a special resolution only (as opposed to an ordinary resolution under Section 293(1)(a) of the Companies Act...
(5) In this section the expression “company” means any company liable to be wound up under this Law and the expression “arrangement” includes a reorganisation of the share capital of the company by the consolidation of shares of different classes or by the division of shares into shares ...
Amended and updated notes on section 2 of Companies Act 2013. Detail discussion on provisions and rules related to definitions.Chapter I(Sections1–2) of the Companies Act, 2013 (CA 2013) deals with the provisions related to preliminary. Section 2 of CA 2013 provides for definitions. ...
(3) The company shall file an application in e-Form No.INC-6 for its conversion into Private or Public Company, other than under section 8 of the Act, along with fees as provided in the Companies (Registration offices and fees) Rules, 2014 by attaching documents, namely:- ...