Applicability: – Companies (Appointment & Qualification of Directors) Rules, 2014 – Chapter XI Appointment and Qualifications of Directors –SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 WHEN IS A COMPANY REQUIRED TO APPOINT INDEPENDENT DIRECTOR? Listed Company Unlisted Public Company Mandatory (atleast 1 /3rd of total director needs to be independent director) For E.g. : […]
INVESTOR EDUCATION AND PROTECTION FUND ♦ Applicability: -Chapter VIII Declaration and Payment of Dividend – Section 123 to 127 –Companies (Declaration and Payment of Dividend) Rules, 2014 –Companies (Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 Compliances: 1) Corporate Compliances CORPORATE COMPLIANCES SR. NO. PARTICULARS (Applicable Section 123 – Declaration […]
DEFINITION: According to section 2 (16) of Companies Act, 2013 – Charge means : -an interest or lien -created on the property or assets of a company or any of its undertakings or both -as security and includes a mortgage TYPES OF CHARGE: Fixed Charge Floating charge Charge created on specific & identifiable assets. Eg: […]
IMPORTANT DEFINITIONS: 1. Issuer: means a company or a body corporate authorized to issue specified securities under the relevant laws and whose specified securities are being issued and/or offered for sale in accordance with these regulations. 2. Specified Securities: means equity shares, fully convertible debentures, partly convertible debentures or any other securities, which would be […]