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 ...
NOTICE PURSUANT TO SECTION 110 OF THE COMPANIES ACT, 2013Under 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, ...
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...
Section 236 (1) According to the Act, if an acquirer or a person acting in concert with the acquirer holds 90% or more of the issued equity share capital of a company or if any person or group of persons holds 90% of the issued equity share capital of a company due to an amalgamati...
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...
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 ...
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 ...
See the UK Companies Act, Section 197(2), and similarly for quasi-loans in public companies, see Section 198(3). It may even be possible for the shareholders to bring a claim against the director of a sub-subsidiary called a ‘multiple derivative claim’. ...
Chapter IV(Sections43–72) of the Companies Act, 2013 (CA 2013) deals with the provisions related to share capital and debentures. Section 54 of CA 2013 provides for issue of sweat equity shares. Recently, we have discussed in detailsection 53(Prohibition on issue of shares at discount) of...