In view of spread of Novel Corona Virus (COVID-19) and challenges faced by taxpayers in meeting the compliance requirements under various provisions of income tax act the following measures have been taken by the Govt. Tax related measures announced by FM on 13th May 2020 1. Reduction in Rates of Tax Deduction at Source (TDS) […]
Registered Office of the Company is a place where Company is capable of receiving and acknowledging all communications and notices as may be addressed to it. All Companies are legally required to have a registered office address in India within 30 days from the date of incorporation of Company. However, sometimes it happens so that […]
A rights issue is an offer of shares to all the existing shareholders of the Company in proportion to their existing shareholding. The company also sets a time limit for the shareholders to buy the offered shares. Companies pursue Rights Issue as an avenue to raise funds for various reasons. Section 62 (1) (a) of […]
A company is huge organisation and from directors to menial workers of a company work to attain the goal and running the business. However, there are some employees which go on a further hard working level to help company accomplish their desired goal or multifold the profits of the company. Sweat equity is a party’s contribution […]
At a time when many listed entities are facing challenges to comply with the various provisions specified in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (‘SEBI LODR’ or ‘LODR’) due to COVID-19 Pandemic, the Securities and Exchange Board of India (‘SEBI’) has provided additional relaxation pertaining to SEBI LODR […]
Section 18 of Companies Act, 2013 deals with conversion of existing Company from form to another by alteration of Memorandum and Articles of the Company. The conversion process of the Company under this section shall not affect any debts, liabilities, obligations or contracts incurred or entered into by or on behalf of the Company before […]
The concept of Women Directors and Independent Directors was introduced through Companies Act, 2013. Section 149 of the Companies Act, 2013 and the Companies (Appointment and Qualifications of Directors) Rules, 2014 deal with the provisions pertaining to the directors on board of a company. WOMAN DIRECTOR Second proviso to sub-section (1) of Section 149 of […]
I hereby share my views in respect of holding General Meeting (AGM/EGM) during lockdown period or Covid-19” through this article. There are new circulars published on MCA (Ministry of Corporate Affairs) towards clarification of holding AGM/EGM by the Companies. I hope this article would be given some help to our profession. MCA have published following […]
Transfer of shares -Procedure in India under Companies Act 2013 Shares in a company are transferrable like any other movable property in absence of any restriction under the articles of the Company. Section 56 of the Companies Act, 2013 provides that the transfer of shares of the company and other securities will be registered by […]
कंपनी अधिनियम 2013, के अनुच्छेद 2 (68) के अनुसार निजी (प्राइवेट) कंपनी वह कंपनी है जिसकी प्रदत्त पूँजी (PAID UP CAPITAL) अंतर नियम द्वारा निर्धारित हो, एवं जो – 1. अपने अंशो के ( यदि कोई हो) हस्तांतरण पर प्रतिबंध लगाती है | 2. अपने सदस्यों की संख्या 200 तक सीमित रखती है किंतु इस संख्या […]
