CS Vikram Sirohi's Posts - Page 4

IBC guideline to recommend name of an IP for appointment as IRP or liquidator

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020 Date of issue of Guidelines: 2nd June, 2020 Applicability: with effect from 1st July, 2020. There are two types of the Insolvency 1. Corporate Insolvency 2. Individual Insolve...

Read More
Posted Under: Corporate Law |

Creation /Modification of Charges – Scheme to Relax Time Period to File Forms

Scheme for Relaxation of Time Period for Filling Forms Related to Creation or Modification of Charges Under  Companies Act, 2013 Relevant Circular: MCA Circular dated 17.06.2020 Relevant Sections: Section 77 and Section 78 of the Companies Act, 2013. Reason of the Circular 1. As per section 77 of the Companies Act, 2013, the companies ar...

Read More
Posted Under: Corporate Law |

Disclosure standards for Alternative Investment Fund (AIF)

Relevant Circulars: SEBI Circulars Dated 05.02.2020 & SEBI Circular Dated 12.06.2020 SEBI Circular Dated: 05.02.2020 Purpose of the Circular: 1. Streamline disclosure standards in the growing AIF space. 2. Introduced template for Private Placement Memorandum, Template for Private Placement Memorandum 1. Private Placement Memorandum is...

Read More
Posted Under: Corporate Law |

Condonation of delay under the Companies Act 2013

Section 460 have the overriding effect on any other section of the Companies Act, 2013, So as per Section 460, notwithstanding anything contained in companies Act, 1. where any application required to be made to the central Government under any provision of this Act in respect of any matter is not made within the time specified therein, t...

Read More
Posted Under: Corporate Law |

Order XXXIX | Rule 1, 2, 2A, 3| CPC 1908 | Temporary Injunctions

Indian courts regulate the granting of a temporary injunction in accordance with the procedure laid down under Order XXXIX of the Civil Procedure Code, whereas, temporary and perpetual injunctions are prescribed by Sections 36 to 42 of the Specific Relief Act....

Read More
Posted Under: Corporate Law |

All about Nominee shareholder

Nominee shareholder: 1. Means a person whose name is entered in the registered of member, who hold share in behalf of actual owner of share. 2. Nominee shareholder has to make declaration, 3. Nominee can be Natural Person or a Legal Person. Main Purpose: 1. To fulfill the minimum shareholders requirement as per the provisions […]...

Read More
Posted Under: Corporate Law |

Simplification in Incorporation process of LLP

Introduced by: LLP (Second Amendment) Rules, 2018. Relevant date : 18th September 2018 Purpose: -A initiative of ease of doing business -To simplified the procedure of the incorporation of the LLP -To launched another major reform by way of process re-engineering of Incorporation of LLP. Provisions of LLP(Second Amendment) Rules, 2018. Th...

Read More
Posted Under: Corporate Law |

Procedure for Transfer of Shares by Foreign Investor to Foreign Company

Procedure to be followed for Transfer of Shares by Foreign Investor to any other Foreign Company Example A Ltd (Company Incorporated in India) B Ltd (A foreign Company holds 100% of A Ltd) C Ltd (A foreign Company holds 100% of B Ltd i.e the ultimate holding Company of A ltd. B Ltd has decided […]...

Read More
Posted Under: Corporate Law |

Convening EGM for removal & appointment of director- Brief note

Convening of Extra Ordinary General Meeting of the Company by the  Members for Removal of Director and Appointment of other Director in his  place. 1. Relevant Sections- Section 169, Section 152, Section 100, Section 115 of the Companies Act, 2013. 2. To Remove Director suo-moto by the shareholders Section 169 of the Companies Act, 2013...

Read More
Posted Under: Corporate Law |

Brief on SCORES

SCORES is an online platform designed to help investors to lodge their complaints,pertaining to securities market, online with SEBI against listed companies and SEBI registered intermediaries. All complaints received by SEBI against listed companies and SEBI registered intermediaries are dealt through SCORES. All About SCORES All about SC...

Read More
Posted Under: Corporate Law |