Company Law articles

Foreign Subsidiary Company Incorporation in India

Incorporation of Foreign Subsidiary in India Whenever a person wants to incorporate a foreign subsidiary or wholly owned subsidiary in India, there would be few questions that would come in our mind. In this article, I would like to clear such doubts in best possible manner. Step by step involved in Foreign Subsidiary Company Incorporatio...

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Posted Under: Company Law |

Private Placement- Full Concept with Procedure

Concept Article focus on Private Placement under Section 42 of the Companies Act, 2013 shall be made only to a select group of persons. Whose number shall not exceed fifty or such higher number as may be prescribed excluding the qualified institutional buyers and employees of the company being offered securities under a scheme of [&hellip...

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Posted Under: Company Law |

Basics of Sweat Equity Shares as per Companies Act, 2013

What is Sweat Equity? Sweat Equity Shares means equity shares issued by a company to its director or employee at discount or for consideration other than cash, for providing know-how or making available like intellectual property rights or value addition. Who is Eligible? Permanent employee of the Company; Permanent employee of the subs...

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Posted Under: Company Law |

Rule: 9A Extension of Reservation of Name in Certain Cases

Ministry of Corporate Affairs has introduced the Rule 9A ‘Extension of Reservation of Name in certain cases‘ on 24th December, 2020 vide Companies (Incorporation) Third Amendment Rules, 2020. This Rule provides the extension in the time limit for reservation of name approved by Central Registration Centre (CRC). Before discuss...

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Posted Under: Company Law |

New definition of Small Company is applicable from Financial Year 2021-22 onwards

In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (CA, 2013), the Central Government, vide Notification GSR 92(E) dated 01st February, 2021 has amended the Companies (Specification of Definitions Details) Rules, 2014 which shall come into force on the 1st day of April, 2021. The [&he...

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Posted Under: Company Law |

Dormant Company- Procedure, Eligibility, Fees

WHO CAN APPLY FOR DORMANT COMPANY STATUS? – Company for a future project and has no signification accounting transactions – Company holds an assets or intellectual property and has no signification accounting transactions 1. “Significant Accounting Transaction” means any transaction other than— Payment of fees to ROC...

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Posted Under: Company Law |

Process of Extension of Holding Annual General Meeting

As per section 96 of the Companies Act, 2013, every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its Annual General Meeting....

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Posted Under: Company Law |

Woman Director

Woman Director under 2nd Proviso to Section 149(1) of Companies Act, 2013 read with Rule 3 of The Companies (Appointment and Qualifications of Directors) Rules, 2014 Applicability: At least ONE WOMAN DIRECTOR in following companies: Listed Company Public Company – Paid up Share Capital Rs. 100 CRS OR MORE OR Turnover Rs. 300 CRS OR [&he...

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Reconciliation of Share Capital Audit Report (Half-yearly) – An Overview

To further strengthen the Corporate Governance and in the light of digitalisation, Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 was brought into force over the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 through MCA Notification dtd. 10th September, 2018 which made compul...

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Posted Under: Company Law |

Formation of Private Company In UK

A. Private Company Set – Up in UK:- The Company proposed to be incorporated is required to be registered with “Companies House” (here, in India, we call it as “Registrar of Companies” in usual terms.). The Company in legal terms is separate from the people who run it, has separate finances from your personal ones […]...

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Posted Under: Company Law |

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