Discover the crucial details on the extension of Annual General Meetings (AGMs) for the financial year 2021-22. Learn about the provisions of Section 96 of the Companies Act, 2013, the MCA Clarification on AGM 2022, and the procedure for seeking an extension.
Rule: Companies (Prospectus and allotment of securities) Third Amendment Rules, 2018. “Rule 9A Issue of Security in Dematerialised form by Unlisted Public Company:- Every Unlisted Public Company shall issue the security only in dematerialised form and facilitate demateriation of all its existing securities in accordance with provisions of the Depositories Act, 1996 and regulations made there under.
Generally Subsidiary Company takes a loan from it’s Holding Company (vice versa) with the condition to convert loan into Equity. So there should be some prior agreement between them.
