In this regard, two sets of draft rules have been placed There are several provisions in the 2013 Act which state that the provision of a particular section is to come into effect from the commencement of 2013 Act. Any reference in a section of the 2013 Act, to the commencement of the...
Section 2 of Companies Act, 2013, does not define the following: Principal Business Activities means those business activities which are mentioned under the main objects of the company Advance means literally a payment beforehand. In certain cases, it may be a loan but it cannot be said that ...
Different Monetary Limits under Companies Act, 2013 read with Notified Rules Dear All, Please find below certain monetary limits prescribed for different purposes under Companies Act, 2013 at one place. I hope that this compilation would be useful fo
Section 339 of the Companies Act 2013 is a critical law that deals with unfair business practices in India. Simple to Understand Section 339 of the Companies Act Section 339 of the Companies Act 2013 (hereinafter referred to as “the Act”) is a significant clause that addresses India’s ...
Applicability of Section 185 in the Companies Act,2013Ramaswami Kalidas
Under the Companies Act, 2013, certain amendments have been made in respect of the provisions relating to creation of security to secure the repayment of the borrowings. As per provisions of Section 180(1)(a) of the Companies Act, 2013 the Board of Directors of a Company is permitted to...
As per the section 204 of the Companies Act 2013, and as per Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, all listed Companies and every public company having a paid up capital of fifty crore rupees or more or every public company having a turn...
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 ...
1. A one person company cannot be incorporated U/S 8 of The Companies Act 2013 (Charitable Objectives) 2. A one person company cannot carry out Non-Banking Financial Investment Activities including investment in securities of anybody corporate. 3. One Person Company cannot be converted in another...
INTRODUCTION: The concept of having a body such as National Financial Reporting Authority is not new as such. The Institute of Chartered Accountants of India already has many of these powers. As per section 211(3C) of Companies act 1956, every balan