Any reference in a section of the 2013 Act, to the commencement of the 2013 Act is to be construed as a reference to the coming into force of that section and not necessarily with reference to the enactment of 2013 Act or 12 September 2013 or so on and so forth. This paper is ...
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
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...
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 ...
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 ...
Amended and updated notes on section 132 of Companies Act 2013. Provisions and rules for constitution of National Financial Reporting Authority (NFRA).
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’. ...
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...