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, ...
Section-2(1) Abridged Prospectus: “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; Read | Complete list of Sections of Companies Act, 2013 Section-2(2) Accoun...
As per proviso of section 178(1), the Chairman of the company (whether executive or non-executive) shall not chair the NR Committee. However, he may be appointed as a member of such NR Committee of the Board. The chairperson of NR Committee or, in his absence, any other member of the...
Section 339 of the Companies Act 2013 (hereinafter referred to as “the Act”) is a significant clause that addresses India’s unscrupulous business practices. Any shareholder, officer, or employee of a firm who engages in fraudulent activity that is detrimental to the interests of the company i...
READ WITH THE COMPANIES (INCORPORATION) RULES, 2014 FORMATION OF COMPANY TYPES OF COMPANIES --- 1. Public Company --- At least 7 persons 2. Private Company --- At least 2 persons 3. One Person Company – Only one person with a person as Nominee. It will be a private company. These...
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
Exemption under Section 10 (1) on agricultural income If you earn any type of agricultural income in a financial year, such an income would be exempted from tax. Agricultural income, as defined under Section 2 (1A) of the Income Tax Act, 1961, would include the following types of incomes...
The NVG represents the consolidated perspective of vital stakeholders in India, and accordingly lays down the basic requirements for businesses to function responsi- bly, thereby ensuring a wholesome and inclusive process of economic growth. The Guidelines provide a distinctively `Indian' approach and ...
Section 186 of the companies Act,2013 and its comparison with the predecessor provision Section 372ARamaswami Kalidas
Thanking YouYours FaithfullyMr. Deep Ashda LalvaniChairman