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Public Limited Company Registration

This Article is about Registration of Public Limited Company, which includes topics like (a) about public limited company (b) who are eligible for public limited company registration (c) documents required (d) procedure for registration of public limited company (e) Advantage of public limited company registration....

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Posted Under: Company Law |

Private Placement of securities under the Companies Act, 2013 

Section 42 of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014 contains provisions of private placements of securities. Recently, both Section 42 and Rule 14 have undergone amendments by way of the Companies (Amendment) Act, 2017 and the Companies (Prospectus and Allotment of ...

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Posted Under: Company Law |

Independent Director‘s Appointment and Responsibility (Board Resolution)

Brief Introduction of an Independent DirectorContentsBrief Introduction of an Independent DirectorApplicability On Appointing An Independent DirectorRole of an Independent DirectorDuties of an Independent DirectorOther Provisions related to Independent Directors under Companies Act, 2013:Board Resolution for Appointment Of Independent Dir...

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Posted Under: Company Law |

Procedure for Right Issue of Shares with Relevant Formats

Background- As per Section 62(1) of the Companies act, 2013 if the Company decides to issue fresh shares, these should be offered to existing shareholders in proportion to existing persons who are holders of equity shares. ‘Right Issue’ means offering shares to existing members in proportion to their existing share holding. The object...

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Posted Under: Company Law |

Reduction in share capital under Companies Act, 2013

Procedure For Reduction Of Share Capital Under Section 66 Read With NCLT (Procedure For Reduction Of Share Capital) Rules, 2016 i. Convene a Board Meeting to approve the reduction of share capital and fixing the date of general meeting of the company. ii. Hold the general meeting and have the Special Resolution passed. iii. File […...

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Posted Under: Company Law |

Procedure for payment of stamp duty on shares

PROCEDURE FOR SUBMISSION OF STAMP DUTY: A. First Company will Allot Shares. B. Company will issue Share Certificates within 60 days of Allotment of Shares. C. PREPARE DOCUMENTS: After issue of shares, Stamp duty shall be paid to the exchequer of government within 30 (Thirty) days from issue of Share Certificates. Following documents shall...

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Posted Under: Company Law |

Right Issue of Shares under Companies Act, 2013: Analysis

In this article, we shall discuss about the provisions for offer and allotment of shares by way of right issue as governed by Section 62 of the Companies Act, 2013....

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Posted Under: Company Law |

Transfer of Share along with draft documents: Companies Act, 2013

There may be times when you want to change the share structure of your company; either by adding a new shareholder or by changing the existing proportion of shares between shareholders. A share transfer is the process of transferring existing shares from one person to another; either by sale or gift. The securities of a […]...

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Posted Under: Company Law |

Voluntary Revision or Reopening of Books of Account By Company

REVISION/ REOPENING OF BOOKS OF ACCOUNT  Companies Act 2013 has provided a mechanism for revision or reopening of financials statement of a Company, even in a situation where it has already been approved by the company at its AGM or circulated to the members or filed with ROC. Revision or reopening of accounts can be […]...

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Posted Under: Company Law |

Compulsory Dematerialization of Shares of Unlisted Public Company

The ministry of corporate affairs has vide its notification dated 10th September 2018 has amended the “the Companies (Prospectus and Allotment of Securities) Rules, 2014,  by inserting a new rue 9A after existing rule 9. This amendment is applicable from 2nd October 2018. This new rule talks about compulsory dematerialization of share...

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Posted Under: Company Law |