Analysis of Section 8 The Basic Clauses It should be a ‘limited’ company and thereby it enjoys all the privileges of a limited company subject to all the obligations. A person or association of persons can register either as a private limited company or a public limited company, however the company so incorporated need not […]
Section 71 of the Companies Act, 2013 (Companies Act) permits a company to issue debentures with an option to convert such debentures into shares, either wholly or partly at the time of redemption; Provided that, the issue of debentures with an option to convert such debentures into shares, wholly or partly, shall be approved by […]
Amendment to Section 89 and 90 is one of the key amendments brought in by the Companies (Amendment) Act, 2017 (‘Amendment Act’). On June 14, 2018, MCA vide its Notification, has enforced the provisions of amended Section 90 of the Companies Act, 2013 and also issued the Companies (Beneficial Interest and Significant Beneficial Interest) Rules, […]
Abstract: The Ministry of Corporate Affairs (MCA) is strongly following the word of law since the last two years and has struck off large number of Companies suo moto and has also disqualified their Directors for a period of five years. This is a consequence of non-filing of the Annual Returns (Form MGT -7 and […]
Section 62 of Companies Act, 2013 contains provisions on ‘further issue of capital’ and enacts the principle of pre-emptive rights of shareholders of a company to subscribe to new shares of the company. Provisions of Section 62 of Companies Act, 2013 are mandatory for all private companies, public companies, listed as well as unlisted companies. […]
The concept of Women Directors and Independent Directors was introduced through Companies Act, 2013. Section 149 of the Companies Act, 2013 and the Companies (Appointment and Qualifications of Directors) Rules, 2014 deal with the provisions pertaining to the directors on board of a company. WOMAN DIRECTOR Second proviso to sub-section (1) of Section 149 of […]
