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 186 of the companies Act,2013 and its comparison with the predecessor provision Section 372ARamaswami Kalidas
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 ...
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...
Chapter IX (Sections 128–138) of the Companies Act, 2013 (CA 2013) deals with the provisions related to accounts of companies. Section 132 of CA 2013 provides for Constitution of National Financial Reporting Authority. Recently, we have discussed in detail section 131 (Voluntary revision of fi...
Preference shares are those shares which has priority over the equity shares in payment of dividend. These shares not only have a preferential right to receive dividends but also repayment of capital on winding up. Types of preference shares Cumulative Preference Shares where sharehold...
Chapter XII (Sections 173–195) of the Companies Act, 2013 (CA 2013) deals with the provisions related to meetings of board and its powers. Section 178 of CA 2013 provides for Nomination and Remuneration Committee and Stakeholders Relationship Committee. Recently, we have discussed in detail se...
each by way of a reduction of capital pursuant to Section 46 of the Companies Act such that the issued [...] equitynet.com.hk 董事亦建議,於股份合併後進行股本削減,據此,本公司股本中股份之當時面 值將透過根據公司法第46條削減股本 方式由每股0.10港元減至每股0.01港 元,因此, 本公司之已發行...
(1) Subject to the provisions of this Act and the conditions contained in its memorandum , if any, a company may, by a special resolution, alter its articles including alterations having the effect of conversion of— (a) a private company into a public company ; or (b) a public ...
Section 378ZF of the Companies Act 2013 as amended by the Companies (Amendment) Act, 2020 . Provisions and rules related to Internal audit.