Section 135 in the Act states that every company with the prescribed net worth or turnover must necessarily constitute a CSR Committee, with clearly defined composition, activities to be undertaken, budgets and responsibilities of the Committee, so formed. This would ensure that right steps are ...
Winding Up of a Company: Comparative Analysis of UK, USA and EU Companies across the globe are often started and, at the end of their operations, undergo a legal process identified as winding up. The legal process of st... Y Almuhaidb - 《Jadara Journal of Research & Studies》 被引量...
Section 204(1) read with Rule 9(1) of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (Chapter 13) the other class of companies shall be as under- (a) every public company having a paid-up share capital of 50 crore rupees or more; or (b) every public...
In this context, we refer to Section 179 of the Companies Act, 2013 which provides thatthe Board of Directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorized to exercise and do. Upon reading of the provision,...
Case Law Review of Section 339 Under the Companies Act In the case of Datamail Systems Limited vs. Kotak Electric Ltd. & Ors., the Apex Court addressed a violation of Section 339 of the Act. The Court determined that in order to persuade people to invest money in the company, a misrepr...
Section 248:Power of Registrar to remove name of company from register of companies Section 249:Restrictions on making application under section 248 in certain situations Section 250:Effect of company notified as dissolved Section 251:Fraudulent application for removal of name ...
Section-2(24) Company Secretary or Secretary: “company secretary” or “secretary” means a company secretary as defined in clause(c)of sub-section(1)of section 2 of the Company Secretaries Act, 1980 who is appointed by a company to perform the functions of a company secretary under this ...
In India, Clause 49 of the listing agreement mandates appointment of independent directors on Board of a listed company. With the passage of the new Companies Act of 2013, the concept of independent directors has found place in the Companies Act itself. The requirements prescribed under the ...
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...
Valuation under the Companies Act 2013 is a critical aspect, and companies are required to obtain a valuation report. The valuation process involves studying a company's assets and liabilities to understand its financial position compared to similar companies. This examination includes determining the ...