CARO 2020 was notified by MCA vide Notification S.O. 849(E) dated 25th February, 2020 and it was suppose to be applicable to report of Companies to whom this applies for financial years commencing on or after the 1st April, 2019 but considering Covid-19 MCA has has vide its order No. S.O. 1219(E) dated 24th March […]
Article explains Procedure for SURRENDER OF DIRECTOR IDENTIFICATION NUMBER (DIN) alongwith relevant Rules and Provisions of COmpanies Act, 2013. Article also explains How a person can surrender his extra DIN, if he have multiple of DIN, Procedure for Filling of Compounding Application with the Regional Director in Form GNL-1, Procedure for Filling of Application with […]
Article contains Procedure for Splitting of Share Certificate, Format of Request Letter for Splitting of Share Certificate, Format of Board Resolution for Splitting of Share Certificate and Format of Share Certificate split in lieu of Original Share Certificate. What is the procedure if a shareholder wants to split his share certificate into two share certificates […]
1. Relevant Sections for Removal of Director: Section 169 and Section 115 of the Companies Act, 2013 2. To Remove Director suo-moto by the shareholders Section 169 of the Companies Act, 2013 states that the shareholders can remove the director by passing an ordinary resolution in a general meeting. 3. Special Notice as Per Section […]
Disclosure of material impact of Covid 19 on Listed entities under SEBI (LODR) 2015 Reason: 1. Lockdown and disruption is unforeseen and beyond the control of the 2. Such even can lead to distortions in the market due to gaps in information available about the operations of a listed entity. Purpose: 1. It is important […]
Request Letter for Transfer of Shares Date: Place: To, The Board of Directors ………………….. ………………….. Sub: Request for transfer of………………….. Equity Shares Ref:- Folio No ……………………………………….. Dear Sir(s) This is to inform you that I,………………….. , the Shareholder of …………………..shares in your Company, request you to transfer my …………………… Equity Shares held in the Company […]
Request letter for Splitting of Share Certificate Date : Place: To …………………………………..Ltd. ………………………………….. ………………………………….. Dear Sir/Madam, Subject: Splitting of share Certificate Ref: Folio No. : I am shareholder of your Company holding………………………………….. Equity Shares of Rs 10 each under captioned folio no………………………………….. I wish to split Share Certificate No……………………Into………………………………….. Certificates of………………………………….. Equity Shares each. I […]
Ease of doing business for corporates and allocation of the package of 20 lakh crore for Atamnirbhar Bharat Recent Corporate Law measures to boost Measures for Ease of Doing Business > In the first phase of decriminalization of Company Law defaults in 2018, 16 compoundable offences were shifted to an in-house adjudication & penalty mechanism. […]
RBI extends the three-month moratorium The loan moratorium will be extended till August 31 2020. This makes it a six month moratorium Lending institutions are being permitted to restore the margins for working capital to the origin level by March 31, 2021
Article explains Procedural Road map for Merger which includes Steps to be taken for Merger of Companies under Companies Act, 2013 and ROC Forms which are required to be submitted. Article also explain What scheme of Compromise or Arrangement (C&A) shall contain, What Direction of the Tribunal under Section 230(1) read with Rule-5 for convening […]
