I. Introduction: What is DIN? -DIN (Director Identification Number) is a unique Identification Number allotted to an individual who is/proposed to be appointed as a Director of a Company. -It is allotted by the Central Government once the applicant applies for DIN through Form DIR-3 or Spice+ pursuant to Section 153 & 154 of the […]
Brief: The following article explains the provisions of Fast Track Mergers, its advantages, steps involved & details of forms need to be filed for a fast-track merger. 1. APPLICABLE PROVISIONS UNDER COMPANIES ACT, 2013: i. Section 233 of the Companies Act, 2013 ii. Rule 25 of TheCompanies (Compromises, Arrangements, and Amalgamations) Rules, 2016 2. WHAT […]
Brief: The following article explains the Power of the Registrar to remove the name of the Company from the register of companies. > APPLICABLE SECTION: – Section 248 of the Companies Act, 2013 – Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 *These sections are applicable to Private and Public […]
> Effective Date on which the Companies (Amendment) Act 2020 came into force: Date on which “The Companies (Amendment) Act, 2020” published in the Gazette is 28.09.2020. However effective dates of various provisions are yet to be notified, which may be different for different provisions of the Amendment Act > Objectives/Rationale behind bringing the Companies […]
Note on Relaxation on Filing of forms for creation/ modification of Charge (Form CHG-1) SCHEME FOR RELAXATION OF TIME FOR FILING FORMS RELATED TO CREATION OR MODIFICATION OF CHARGES UNDER THE COMPANIES ACT, 2013 Every Company which creates/modifies the charges needs to file the form CHG-1 (Creation and modification) within 30 days from the creation/modification. […]
CLARIFICATION ON HOLDING ANNUAL GENERAL MEETING (AGM) THROUGH VIDEO CONFERENCING (VC) OR OTHER AUDIO VISUAL MEANS (OAVM) Ministry of Corporate Affairs has taken several measures to help the Companies. It has made some of the provisions of the law flexible to ensure the Compliance of law even in this Pandemic. Now the clarification given by […]
PRIVATE PLACEMENT (PP) UNDER COMPANIES ACT, 2013 Introduction: We all know Companies Act, 2013 provides various options to issue Securities (Shares, Debentures or any other type of Securities). One of these options is Private Placement. The definition of Private Placement explains when the Companies have to follow the provisions. Let’s look into the Definition and […]
Q 1. What is direct investment outside India? Ans: Direct investment outside India means investments, either under the Automatic Route or the Approval Route, by way of contribution to the capital or subscription to the Memorandum of a foreign entity or by way of purchase of existing shares of a foreign entity either by market […]
I. IT SERVICES, TECHNOLOGY, TRAINING AND CONSULTANCY: 1. To carry on the business of Software designing, development, customisation, implementation, maintenance, testing and benchmarking, designing, developing and dealing in computer software and solutions, and to import, export, sell, purchase, distribute, host (in data centers or over the web) or otherwise deal in own and third party […]
Special Measures by MCA to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat SPECIAL MEASURES TAKEN BY MINISTRY OF CORPORATE AFFAIRS UNDER COMPANIES ACT, 2013 (CA-13) AND LIMITED LIABILITY PARTNERSHIP ACT, 2008 We all are getting economically affected by COVID-19. There […]