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Striking off The LLP: Easy Exit Scheme For LLP

INTRODUCTION To promote business in India, we need to promote ease of doing business in India, and ease of doing business does not only involve easy of incorporation of the Company and LLP but also to provide an easy exit option to the Company and LLP who failed to carry on their business without forcing […]...

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Posted Under: Company Law |

Draft Share Purchase Agreement for Private limited Company

Draft Format of Share Purchase Agreement For Private limited Company SHARE PURCHASE AGREEMENT This Share Purchase Agreement (‘Agreement‘) is entered into on this _____________day of ___________, 2020 (‘Execution Date‘, by and amongst: (1) ___________________, Director & Majority Shareholder of the Proposed Comp...

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Posted Under: Company Law |

Private Placement V/S Preferential Allotment

MEANING :- Private Placement means any offer or invitation to subscribe or issue of securities to a selected group of persons by a company (other than by way of public offer) through Private Placement offer-cum-application, which satisfies the conditions specified in Section 42 of the Companies Act, 2013. Preferential Allotment means issu...

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Posted Under: Company Law |

Holding of General Meetings: A Revolution due to Covid-19 Pandemic

Corporate Meetings are very crucial part of business activities. Corporate Meetings thus turn out to be a place where various aspects of business management are discussed- the performance of the company, the mission and vision of company, the weaknesses of company, the obstacles faced and how to overcome them. This article would be divide...

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Posted Under: Company Law |

Holding of Board Meetings during Covid-19 Pandemic

Board Meetings are considered to be important part of every organization in building Strong Financial Position, Qualitative Management Decisions, Customer Relationship Management (CRM), Employee Relationship, and Future Prospects of the Company. It oversees the management of the company to ensure that the interest of non-controlling share...

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Posted Under: Company Law |

CEO & their Appointment under Companies Act 2013

Chief Executive Officer (C.E.O.) And Their Appointment Under The Companies Act 2013 A chief executive officer (CEO), or just chief executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity such as a company or non-profit ...

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Posted Under: Company Law |

Dormant companies: A detailed analysis

♦ Section – 455: Dormant Company: Sec – 455(1): Where a company is formed and registered under this Act: for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such a company or an inactive company may make: an application to the Registrar for obtaining the status [&helli...

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Posted Under: Company Law |

Highlights of amendments under Companies (Amendment) Bill, 2020

The Companies (Amendment) Bill, 2020 was introduced in Lok Sabha by the Minister for Corporate Affairs, Ms. Nirmala Sitharaman, on March 17, 2020.The Bill get passed by Lok Sabha on Sep 19, 2020 The Union Corporate Affairs Minister Nirmala Sitharaman moved the Companies (Amendment) Bill, 2020 for passing in the Upper House (Rajya Sabha) o...

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Posted Under: Company Law |

Incorporation of Producer Company in India SPICE+

Section 465 of the Companies Act, 2013: All the Sections of Companies Act, 2013 has already been notified till date , except section pertaining to producer Company. The same shall be still govern by chapter IXA of Companies Act, 1956. The Companies (Amendment) Bill, 2020 passed by Lok Sabha mentions to incorporate a new Chapter […]...

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Posted Under: Company Law |

Incorporation of Foreign Subsidiary / Wholly owned Subsidiary (WOS) SPICE+

Process Incorporation of Foreign Subsidiary / Wholly owned Subsidiary (WOS):- To incorporate a Company in India as ‘Subsidiary” or “Wholly owned Subsidiary (WOS)” of a Company incorporated outside India. Information/ Documents required from foreign Company:-  a) Apostille / Notarized copy of resolution of foreign Company ‘menti...

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Posted Under: Company Law |