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Register of members: Companies (Management and administration) Rules, 2014

September 12, 2019 6450 Views 0 comment Print

Register of members under the Companies (Management and administration) Rules, 2014 Every company limited by shares shall, from the date of its registration, maintain a register of its members in Form No. MGT-1. In the case of a company not having share capital, the register of members shall contain the following particulars, in respect of […]

Consolidation and Verification of Claims Under IBC, 2016

September 10, 2019 4686 Views 0 comment Print

Consolidation Of Claims Under Section 38 And Verification Of Claims Under Section 39 Under Insolvency And Bankruptcy Code  2016 SECTION 38. Consolidation of claims (1) The liquidator shall receive or collect the claims of creditors within a period of thirty days from the date of the commencement of the liquidation process. (2) A financial creditor […]

Key Changes proposed in Companies (Amendment) Bill, 2019,

July 26, 2019 1200 Views 0 comment Print

Key Changes proposed in the Companies (Amendment) Bill, 2019, which are in addition to the changes made though Ordinance w.e.f. 02.11.2018 1. Section 26– Matters to be stated in prospectus The requirement of registration of prospectus to be replaced with filing of prospectus with the Registrar. 2. Section 29 – Public offer of securities to […]

Highlights of BEN-2 Form | Significant Beneficial Ownership | Section 90

July 24, 2019 22494 Views 3 comments Print

Highlights of Webinar on BEN-2 by The ICSI ON 12th July and On 20th July. 1. The indirect holding is mandatory for the consideration of significant beneficial owner (SBO). 2. If the SBO is HUF than the karta deemed to hold 100% shares of HUF so karta is treated as SBO and 10% holding is […]

Ways of Striking Of Name of Company from Register of Companies

July 21, 2019 2388 Views 0 comment Print

Strike-off of company from registrar of companies is an opportunity given to defunct companies or those companies voluntarily shut down their business can file their application with roc under section 248. This is one of the best and easiest ways where companies can strike off its name without any hassle by properly arranging all the […]

Resolutions which require Special Notice | Section 115 | Companies Act 2013

July 12, 2019 57420 Views 3 comments Print

Section 115 of the companies act 2013 provides that where, any provision contained in this Act or in the articles of a company, special notice is required of any resolution, notice of the intention to move such resolution shall be given to the company by such number of members holding not less than 1% of […]

Time for Filing Return of Significant Beneficial Owner in form BEN-2

July 11, 2019 4770 Views 0 comment Print

On the date of commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019, every individual who is a significant beneficial owner in a reporting company, shall file a declaration in Form No. BEN-1 to the reporting company within ninety days from such commencement.

Checklist for Filling BEN -2 Form

July 10, 2019 19410 Views 0 comment Print

Checklist for Filling BEN -2 Form under Companies Act, 2013 read with relevant  rules 1. The disclosures to be made by the individuals or entities holding 10% or more shares or voting power in any company is very comprehensive in nature and encompasses holdings not only in a company but also in any other entity […]

Annual General Meeting of Company and Its Features

July 10, 2019 52194 Views 1 comment Print

Annual General Meeting (AGM) is a meeting conducted by every Private Limited Company or Limited Company that provides an opportunity to the shareholders to meet every year and discuss matters relating to the Company. The AGM ensures the interest of the shareholders is protected.

Highlights of Budget 2019

July 5, 2019 1125 Views 0 comment Print

The first budget of Modi government is present today by Nirmala Sitharaman following are the top 100 highlights of budget 1. No income tax for less than 5 lakh per annum income 2. 3% Increase in surcharge for individuals with incomes between 2 to 5 cr. 7% increase in surcharge for incomes above 5 cr […]

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