Provided that the loans made under clauses (c) and (d) are utilized by the subsidiary company for its principal business activities. Section 2 of Companies Act, 2013, does not define the following: Principal Business Activities means those business activities which are mentioned under the main ...
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, ...
debentures and/or bonds, and/or any other non-convertible and/or partly/fully convertible instruments/ securities, from time to time, within the overall borrowing limits approved by the Shareholders of the Company from time to time, in terms of Section 180(1)(c) of the Companies Act, 2013...
Schedule, modelledonsection258(2)(c)of theUKCompanies Act1985 andsection4(2)ofSchedule 10A to the same Act, adequately reflect its policy intent. legco.gov.hk legco.gov.hk 政府當局認為,分別以英國《1985年公司法》第258(2)(c) 條及該《公司法》附表10A 第 4(2) 條為藍本的擬議新訂附表23 ...
Section 178 of CA 2013 provides for Nomination and Remuneration Committee and Stakeholders Relationship Committee. Recently, we have discussed in detail section 177 (Audit Committee) of CA 2013. Today, we learn the provisions of section 178 of Companies Act 2013. The provisions of section 178 ...
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 unscrupulous business practices. Any shareholder, officer, or employee of a firm who engages in fraudulent activity...
Amended and updated notes on section 202 of Companies Act 2013. Provisions on compensation for loss of office of managing or whole-time director or manager.
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...
aAccording to section 22(1) of the Companies Act, in general, executive officers have to be a natural person and may be elected for a definite period of time for a maximum of 5 years or, if the articles of association provide so, may also be elected for a definite period other than ...
This dissertation examined the question 'Has section 172 ("s172") of the UK's Companies Act ("CA") 2006 created an effective set of directors' duties'? Prior to the advent of s172 CA 2006, there was no statutory form of direction concerning directors' duties and obligations. However, wi...