‘Right Issue’ means offering shares to existing members in proportion to their existing shareholding. The object is, of course, to ensure equitable distribution of Shares and the proportion of voting rights is not affected by issue of Fresh shares. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. This type of issue gives […]
Article explains The source out of which Bonus Shares shall be issued, Source which company shall not utilise for the purpose of issue of Bonus Shares, Secretarial formalities to be complied with for Bonus Share Issue, Company not eligible for issuing bonus shares and Provisions and procedures relating to issue of shares through bonus issue […]
1. Ensure that a special notice for the removal of a director is furnished by number of members in accordance with the section 115 of Companies Act, 2013 to the company at least 14 days before the meeting at which it is to be moved. 2. (a) Ensure that the notice for removal of a […]
What is Managing Director under Companies Act, 2013? Section 2(54) of the Companies Act, 2013 provides that ‘managing director’ means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial […]
What is Managing Director under Companies Act, 2013? Section 2(54) of the Companies Act, 2013 provides that “managing director” means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors, is entrusted with substantial […]
Article explains What is sweat equity shares under Companies Act, 2013, Definition of Sweat Equity Shares, Conditions for issuance of sweat equity shares, Important Points while issuing Sweat Equity Shares, Disclosures to be made in board of directors report of the year in which sweat equity shares are issued and Provisions and procedures relating to […]
SHIFTING OF REGISTERED OFFICE FROM ONE STATE TO ANOTHER STATE A registered office is the official address of a company to which all official letters, notices and reminders will be sent by any person, any government or non-government or regulatory body. In terms of Section 7 of the Companies Act, 2013 (Act), all registered companies […]
