Relevant Chapter: Chapter XIV Section 206: Power of ROC to call for information and Inspect documents On scrutiny of any documents filed by Company to ROC its obligation of the company to provide information, explanations and documents as the Registrar may direct. The information, explanation or documents must be provided within a reasonable time as […]
Relevant Chapter: Chapter XVI Relevant Sections: Sections 241- 246 of the Companies Act, 2013 SYNOPSIS 1. The terms Oppression & Mismanagement are not defined under the Companies Act. 2. It is decided by the Court on the basis of facts & merits of the cases. 3. Oppression & Mismanagement refer to the practices of managing […]
An LLP can be converted into a Pvt. Ltd. company as per the provisions contained in Section 366 of the Companies Act, 2013 and Company (Authorised to Register) Rules, 2014.
How to Convert an OPC into Private Limited Relevant Section: Section 18 of the Companies Act, 2013 Relevant Rule: Rule 7(4) Companies (Incorporation) Rules, 2014 Note*- These conversions shall not affect the existing debt, Liabilities, Contracts, or Obligations of the OPC. Two ways of Conversion (a) Voluntary Conversion (b) Mandatory/Compulsory Conversion Voluntary Conversion Voluntary conversion […]
Amendments in the Process of Right Issue in case of Listed Companies SEBI Circular: Dated 22.01.2020 Purpose: To Streamlining the process of Right Issue Amendments in Following Regulations: – (a) SEBI (ICDR) Regulations, 2018 & (b) SEBI (LODR) Regulations 2015 Followings changes are made in the Right Issue Process in case of Listed Companies: – […]
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019– In this article Author has compiled Important Sections after the amendment. Text of Relevant Section of Insolvency and Bankruptcy Code, 2016 amended or inserted vide IBC Amendments Act (Ordinance) 2019 is given below in Maroon Colour. Ordinance Date: 28.12.2019 Total Amendments: 12 Amendments Section Amended: Section 5, 7, […]
Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 notified by Notification dated January 03, 2019- Effective w.e.f 01.04.2020. Rule 8A Pre-Amendment – Provided that all the companies not covered under Rule 8[1] and having a paid-up share capital of Five Crore Rupees or more shall have a wholetime company secretary. Rule 8A Post-Amendment […]
PART-1 THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 Purpose of the Act: To established Real Estate Regulatory Authority for the followings: 1. regulation and promotion of the real estate sector 2. to ensure sale of plot, apartment or building, or sale of real estate project, 3. to protect the interest of consumers in the […]
As per MCA Notification dated 22nd October 2019,—In exercise of the powers conferred by sub-section (1) of section 150 of the Companies Act, 2013 (18 of 2013), the Central Government hereby notifies the Indian Institute of Corporate Affairs at Manesar (Haryana), as an institute to create and maintain a data bank containing names, addresses and […]
Annual General Meeting Notified Date of Section: 01/04/2014 96. (1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall […]
