The Companies Act, 2013 requires most companies to hold four Board Meetings annually, while OPCs, Small Companies, and Dormant Companies need only two. Listed companies must also comply with corresponding SEBI (LODR) meeting requirements.
The document clarifies that a director’s resignation becomes effective upon receipt by the company or the specified future date, without requiring Board approval. It also explains the statutory compliances and continuing liabilities after resignation.
The FAQs clarify that OPCs and Small Companies are governed primarily by Rule 8A for Board’s Report disclosures instead of the detailed requirements under Rule 8. They also explain the continuing applicability of Section 134(3) where no specific exemption exists.
This guide explains why companies must file Form DPT-3 not only for deposits but also for outstanding transactions excluded from the definition of deposits. It highlights the reporting requirements, applicability, and key compliance obligations.
The analysis explains the statutory mechanism under Section 168(3) for restoring a functioning Board when all directors resign or vacate office. It also discusses the role of promoters and the Central Government in preventing a governance vacuum.
The FAQ clarifies that the Companies Act, 2013 does not restrict adjournment of a duly convened and commenced AGM. An adjourned AGM is treated as a continuation of the original meeting rather than a fresh meeting.
This FAQ examines the statutory authorities empowered to convene an Extraordinary General Meeting under the Companies Act, 2013. It explains when the Board, requisitionists, members, directors, or NCLT can validly step in to ensure corporate governance continues.
The SOP clarifies that resolutions by circulation may be used for urgent business where convening a Board meeting is impractical. It confirms that such resolutions have the same legal effect as resolutions passed at a duly convened Board meeting.
The Allahabad High Court held that mere uploading of an adjudication order on the GST portal does not automatically trigger limitation for filing appeals. Actual or legally recognized communication is necessary before limitation can commence.
This article explains which companies must appoint Key Managerial Personnel under Section 203 of the Companies Act, 2013. It highlights compliance thresholds, required positions, and governance obligations for listed, public, and private companies.
