Company Law articles

Documents Required For LLP Registration

What is LLP in Actual? LLP is a Limited Liability Partnership is a corporate business platform that provides the benefits of limited liability of a company to its members and also allows them to manage their internal management based on the mutually arrived agreement as in the case of a partnership firm. A corporate business […]...

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Extension of Due Date of AGM for holding of AGM in 2021

EXTENSION OF DUE DATE FOR HOLDING OF ANNUAL GENERAL MEETING (AGM 2021) Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual […]...

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Sweat Equity Shares | Section 54 | Companies Act 2013

SWEAT EQUITY SHARES: Sweat equity shares are the shares given to directors/employees of the any company at a discounted price or other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions to the company. Section 54 of the Companies Act 2013 specify the provisions for ...

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Posted Under: Company Law |

OPC Annual Filing, Compliances, Due Date  & MGT – 7A

(1) 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 and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that...

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Transfer of Shares without Providing Pre-Emptive Right to Existing Shareholders Amounts To Oppression and Mismanagement

Transfer of Shares without Providing Pre-Emptive Right to Existing Shareholders Amounts To Oppression and Mismanagement MEANING OF OPPRESSION: In the Black Law Dictionary, the term ‘persecution’ is characterized as ‘the demonstration or a case of unjustly exercising power.’ It can also be described as the action of aut...

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Posted Under: Company Law |

Name Change of a Private Company

A company may change its name due to many reasons such as change in objects of company, change in management of company, rebranding, restructuring, etc., the name of a private company can be changed at any time subject to the approval of shareholders and Central Government power delegated to Registrar of Companies via MCA Notification [&h...

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Posted Under: Company Law |

Nuts & Bolts of the LLP Amendment Bill, 2021

BACKGROUND:    The Limited Liability Partnership (LLPs) is an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. In order to provide greater ease of doing business in I...

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Appointment and Qualification of Directors

A director is a person duly appointed to the Board of a Company, collectively called as Board or Board of Directors. The Board is responsible for the management of affairs of a company. They have the responsibility to act in the best interest of the company. Although, directors act on behalf of the company but […]...

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Madras High Court annuls FIR against three Ex-Directors of IL & FS but refrains from providing ‘Clean Chit’

In Ravi Parthasarthy and Ors. v. State of Tamil Nadu [CRL. O.P. NOS. 3730, 4227, 4095 & 11206 OF 2021 CRL. M.P. NOS. 6647, 6649, 2218, 2601, 2679, 3388, 6708 & 6709 OF 2021 W.P. NO. 1397 OF 2021 AND W.M.P. NO. 5917 OF 2021 dated August 31, 2021]], Ravi Parthasarthy (Petitioner No. 1), Hari […]...

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Posted Under: Company Law |

Report on AGM | Section 121 | Companies Act, 2013

REPORT ON ANNUAL GENERAL MEETING (AGM) Applicable Provisions: Section 121 of the Companies Act, 2013 read with Rule 31 of Companies (Management and Administration) Rules, 2014 Provision: Every Listed Public company shall prepare the report of  each Annual General Meeting including the confirmation to the effect that the meeting was conve...

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Posted Under: Company Law |

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