Companies Act articles

Spice+ New Incorporation Form

According to The World Bank’s Ease of Doing Business 2020 survey, “India stand at 63, among 190 countries, making it one of the world’s top 10 most improved countries for the third consecutive time.” Among other improvements, the Ministry of Corporate Affairs (MCA) has fueled the Government of India’s (GoI) ease of doing busines...

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Posted Under: Company Law |

Incorporation of Company | Section 7 | Companies Act 2013

Analysis of Incorporation of Company under Section 7 of Companies Act 2013 read with Companies (Incorporation) Rules, 2014 An application for registration of a company shall be filed, with the Registrar in SPICe+ (Simplified Proforma for Incorporating company Electronically Plus: INC-32)] Provided that in case  the objects of a company...

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Posted Under: Company Law |

Compliance for Private Limited Companies

Private Limited Company is defined under Section 2(68) of the Companies Act, 2013, means a company which by its Articles: (i) Restricts the Right to transfer its shares. (ii) Expect in case of One Person Company, limits the number of its members to Two hundred. Provided that where two or more persons hold one or […]...

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Posted Under: Company Law |

Companies Fresh Start Scheme, 2020 & LLP Modified Settlement Scheme, 2020

In order to provide relief to law-abiding Companies and Limited Liability Partnerships (LLPs) from the COVID 19 impact, the Ministry of Corporate Affairs (MCA), has introduced the ‘Companies Fresh Start Scheme, 2020‘ and revised the ‘LLP Modified Settlement Scheme, 2020′. Both schemes provide a one-time waiver o...

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Posted Under: Company Law |

Companies Fresh Start Scheme- 2020: A Immunity Dose

Companies Fresh Start Scheme, 2020 (CFSS) under Section 460 of the Companies Act, 2013 (Act) read with Section 403 to provide a first of its kind opportunity to long defaulting companies to make good any filling related defaults, irrespective of the duration of defaults, without any additional fees/ penalty / prosecution and make a fresh...

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Posted Under: Company Law |

Important FAQs on MCA Independent Directors Exam

Brief Background: In a bold move in October, 2019 the Ministry of Corporate Affairs (MCA) which regulates the functioning of corporate sector in india had with a view to enhance corporate governance made certain changes to the provisions governing appointment and qualification of independent directors (IDs) under Companies Act, 2013. The ...

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Posted Under: Company Law |

Issue of Bonus Shares

There are a lot of Companies who has surplus profits and intends to capitalize such profits by issue of bonus shares. Bonus shares are basically gift to the shareholders in the ratio of shares already owned by them. These are a free share of stock given to the existing shareholders in a Company, based upon […]...

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Posted Under: Company Law |

AGM of Companies through VC/OAVM

ANNUAL GENERAL MEETING (AGM) THROUGH VIDEO CONFERENCING (VC) OR OTHER AUDIO VISUAL MEANS (OAVM) INTRODUCTION: COVID-19 pandemic has certainly shaken up entire World, health, lifestyle and economy of the countries. As India is trying its best to cope up with these crisis, Ministry of Corporate Affairs (MCA) and SEBI have taken quick and ef...

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Posted Under: Company Law |

Sweat Equity Shares

Section 53 of the Companies Act, 2013 prescribes that Company shall not issue shares on discount. Any shares issued by the Company at a discount shall be void. However, there are certain circumstances where Company can issue shares at a discount: ♦ Issue of Sweat Equity Shares ♦ Issue of shares to the Creditors when […]...

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Posted Under: Company Law |

Procedure To Incorporate an Indian Subsidiary Company

A Indian Subsidiary Company is also known as a subsidiary or a sister company of parent company; andthe company which practices control over it, is called as the parent company of subsidiary company, or holding company. A subsidiary company always controlled by the parent company (holding company)partially or fully.A Indian subsidiary com...

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Posted Under: Company Law |

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