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Kavita Shah

Latest Posts by Kavita Shah

Reduction of Share Capital / E-filing / FAQs

March 13, 2020 13209 Views 2 comments Print

The National Company Law Tribunal (NCLT) made mandatory to file the application/petition/appeal/reply etc. online through NCLT e-filing portal via notice dated 31st January 2020, w.e.f. 03rd February 2020. And has also requested to file two complete sets in hard copies before the filing counter NCLT. The Company need to make an application to the NCLT […]

What is Commercial Paper and FAQs

February 1, 2020 21405 Views 0 comment Print

Commercial paper, or CP, is a short-term debt instrument issued by companies to raise funds generally for a time period up to one year. It is an unsecured money market instrument issued in the form of a promissory note and was introduced in India in 1990. Corporates which enjoy a high rating can diversify their […]

Cyrus Mistry won half the battle – What Tata Sons will do next

December 26, 2019 2772 Views 0 comment Print

Cyrus Mistry won half the battle; on the other hand Tata Sons is seeking more legal option to win the next battle of the Board. On 18th December 2019 (Wednesday), Mr. Cyrus Pallonji Mistry would have been the happiest man in Mumbai’s Corporate Circle, for not only did he win back the chair he was […]

Process for Incorporation of Private Limited Company

November 26, 2019 9636 Views 1 comment Print

The MCA has launched a new and simplified web based service R.U.N. (Reserve Unique Name) for reserving a name in place of INC-1. This has also removed the requirement to use a Digital Signature Certificate (DSC) during name reservation. It was another value addition to Ease of Doing Business in India.

Can A Incorporated Company Be Considered As Void Ab Initio (void from the beginning) ???

November 12, 2019 8697 Views 1 comment Print

Can A Incorporated Company Be Considered As Void Ab Initio (void from the beginning) ??? The incorporation of a company refers to the legal process that is used to form a corporate entity or a company. Section 7 of the Companies Act 2013 and rules made thereunder as amended from time to time are applicable […]

Is Non-Executive Director held liable for day to day act/s of the Company??

October 12, 2019 13431 Views 2 comments Print

A company is a legal entity and does not have any physical existence. It can act only through natural persons to run its affairs. The person, acting on its behalf, is called Director. A Director is any person, occupying the position of Director, by whatever name called. They are professional men, hired by the company […]

Section 180 | Companies Act 2013 | Meaning of Term Undertaking

September 21, 2019 44661 Views 3 comments Print

The Companies Act 2013 imposes some restrictions on the general powers of Board. Pursuant to section 180 of the Companies Act 2013 the Act specify the powers which Board can exercise only through approval of shareholders by Special Resolution

Section 164 When a director is considered as disqualified

September 18, 2019 11433 Views 1 comment Print

DETAIL NOTE ON SECTION 164 OF THE COMPANIES ACT 2013 VACATION OF OFFICE OF DIRECTOR This article is a detailed research under section 164 and section 167 of the Companies Act 2013 and to decide when and at which date the any person would be considered as disqualified. Illustration : Mr. A was appointed as the […]

Analysis of Companies (Amendment) Ordinance, 2019

August 7, 2019 1833 Views 0 comment Print

The Companies (Amendment) Ordinance, 2019 was passed by the Rajya Sabha on the 30th day of July, 2019 and received the Assent of President on 31st July 2019. Earlier the Amendment Bill, 2019 was passed by Lok Sabha on the 27th day of July, 2019. The Ordinance promulgated is based on the recommendations made by the […]

Whether the Preference shares are the Equity or Debt

July 25, 2019 36768 Views 2 comments Print

What are preference shares – Debt or Equity ?  The Reserve Bank imposed a penalty of ₹2 crore on Kotak Mahindra Bank on 7th June 2019, for not complying with its directions regarding dilution of promoters’ shareholding in the company. As per RBI’s banking licensing norms, a private bank’s promoter holding has to be brought down to […]

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