"19 March 2017" Archive - Page 2

Board Meeting through Video Conferencing under Companies Act 2013

As stated in Section 173(2) of Companies Act, 2013 read with Rule 3 of the Companies (Meetings of Board and its Powers) Rules, 2014, The participation of directors in a meeting of the Board may be either in person or through video conferencing or other audio visual means as may be prescribed...

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Posted Under: Company Law |

Whether keeping Company structure is like maintaining White Elephant?

After commencement of Companies Act, 2013 from 01st April, 2014 compliance requirement of Companies has been increased. Therefore it’s difficult for the Non-working Private Company to continue with Status of Active Company, because maintenance of company is expensive (like to Maintain a White Elephant) under companies Act, 2013 comparis...

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Closure of place of business of Foreign Company: Companies Act 2013

Under the relevant provisions of the Companies Act, 2013, provisions of closure of place of business of foreign Company in India is prescribed....

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Posted Under: Company Law |

All about Reduction of share capital under Companies Act, 2013

The Reduction of share capital is a delicate matter for both managerially and legally, its need to be handles with caution. Another name of reduction of share capital is internal reconstruction. Process of Reduction of share capital is first summed- up by the Hon’ble Supreme Court in Punjab Distilleries India Ltd. v. CIT, (1965) 35 Com ...

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Posted Under: Company Law |

Conversion of LLP into Company

Ministry of Corporate Affairs has passed a notification on 31st May, 2016 in such notification its allowed conversion of LLP into Company. For such conversion there is need to prepare a list of documents and required to file the same with ROC in forms like URC-1, INC-7, DIR-12, INC-22 etc. ...

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Posted Under: Company Law |

Compounding of Offences when no Specific Penalty prescribed under Companies Act, 2013

Under the relevant provisions of the Companies Act, 2013, offences committed under the Act entail penal consequences by way of fine, or imprisonment or both. . In this editorial, the author begins by referring the provisions of section 441 of the Companies Act, 2013...

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Posted Under: Company Law |

Foreign Direct Investment in LLP

In this Flash editorial, the auditor begins by referring the powers of RBI for amendment in Regulation, 2000. The main thrust of the article, however, is upon the provisions / regulations of Foreign Direct Investment in Limited Liability Partnership ...

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Posted Under: Company Law |
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