vinayakcharu's Posts - Page 3

Specimen of LLP Agreement

Limited liability LLP Agreements mean any written agreement between the partners of the Limited Liability Partnership or between the Limited Liability Partnership and its partners which determines mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership [section 2(1)(0)]. It is...

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Posted Under: Corporate Law |

Startup India Schemes Launched by Government of India

Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities....

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Posted Under: Corporate Law |

Company Law Series Chapter 3 (Issue And Redemption of Preference Shares)

Section 55(2) of the Companies Act 2013 states that a company limited by shares may as per the authorisation by its articles, issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue subject to such conditions as may be prescribed. A company engaged […]...

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Posted Under: Corporate Law |

Action to be taken for non-compliances in case of Listed Companies

ACTION TO BE TAKEN IN CASE OF NON-COMPLIANCES BY LISTED COMPANIES Regulation : Fine payable and/or other action to be taken for non-compliance in respect of listed entity Regulation 6(1): Rs. 1,000 per day for non-compliance with requirement to appoint a qualified company secretary as the compliance officer Regulation 7(1): Rs. 1,000 per ...

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Posted Under: Corporate Law |

Company Law Series Chapter 3(A) Procedure For Issue of Equity Shares With Differential Voting Rights  

Only a company limited by shares can issue equity shares with differential rights as to dividend, voting or otherwise. Such company has to comply with certain conditions.The company shall not convert its existing equity share capital with voting rights into equity share capital carrying differential voting rights and viceversa. The Board ...

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Posted Under: Corporate Law |

Company Law Series Chapter 3 Issue of Equity Shares With Differential Voting Rights

COMPANY LAW SERIES CHAPTER 3 ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS While Section 43 enables companies to issue equity shares with differential rights as to dividend, voting rights etc. Rule 4 of Companies (Share Capital and Debentures) Rules, 2014 states the following conditions regarding shares with differential voting r...

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Posted Under: Corporate Law |

Company Law Series Chapter 2(B) Incorporation of Section 8 Companies

The Steps for incorporating a Section 8 company are as under: (1) The promoter of the proposed entity will apply to the Ministry of Corporate Affairs for reservation of name in Form (2) Once name is reserved, an application will be made for obtaining licence in Form No. INC 12. The application shall be accompanied […]...

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Company Law Series Chapter 2 (Continue..) Steps For Incorporation Of Foreign Company

COMPANY LAW SERIES CHAPTER 2 (CONTINUE…..) STEPS FOR THE INCORPORATION OF FOREIGN COMPANY As per section 2(42), ‘foreign company’ means any company or body corporate incorporated outside India which— has a place of business in India whether by itself or through an agent, physically or through electronic mode; and conducts ...

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Posted Under: Corporate Law |

Company Law Series Chapter 2: Steps for Incorporation of Public, Private & One Person Company

COMPANY LAW SERIES CHAPTER 2 STEPS FOR INCORPORATION OF PUBLIC, PRIVATE COMPANIES, AND ONE PERSON COMPANY To register a private limited company, a minimum of two adult persons are required to act as Directors of the company. A private limited company must have a minimum of 2 Directors and can have a maximum of 15 […]...

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Company Law Series Chapter 1- Applicability of Companies Act, 2013 & New Concepts

Applicability of Companies Act, 2013 ♠ According to section 1 of the Companies Act, 2013, the Act extends to whole of India and the provisions of the Companies Act shall apply to the following:- ♠ Companies incorporated under this Act or under any previous company law; ♠ Banking companies, except in so far as the […]...

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Posted Under: Corporate Law |