Companies Act 2013 - Page 21

MCA Relaxation on holding of AGM amidst Covid-19

In a massive relief to the companies, the Ministry of Corporate Affairs (MCA) vide general circular No. 18/2020 eased rules on holding Annual General Meeting (AGM) on 21st April 2020. The relaxation was made owing to request made by several companies seeking leniency in the AGM rules due to the social distancing and lockdown rules foll...

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Posted Under: Company Law |

Relaxation by MCA from March 19 till April 25 during Lock out which is continued

List of Relaxation in compliance of the Companies Act 2013 granted by the Ministry of Corporate Affairs during Pandemic of COVID-19  World Health Organization (WHO) Director-General declared the COVID-19 outbreak as a Pandemic on March 11, 2020.  Italy, witnessed a huge surge in COVID-19 cases, with a steep rise in the number of deaths ...

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MCA circular clarification on Ordinary and Special Resolutions

MCA CIRCULAR FOR CLARIFICATION ON PASSING OF RESOLUTIONS REQUIRE MEMBERS’ APPROVAL Subject: Clarification on passing of ordinary and special resolutions by companies under the Companies Act, 2013 and rules made thereunder on account of the threat posed by Covid-19. As we all are aware that there is no specific provision contained by the...

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Posted Under: Company Law |

Conversion of loan into shares of Company

Conversion of loans into shares of a Company are a common practice in the market as many companies that had borrowed loans from its Directors, financial Institutions or from any body corporate is under the obligation to pay such debt within the time prescribed as per the loan agreement or mutual terms, as may be […]...

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Posted Under: Company Law |

Special measures due to outbreak of covid-19 for Companies & LLP

Special measures due to outbreak of covid-19 under Companies act, 2013 (CA 2013) and Limited Liability Partnership Act, 2008 MCA vide its circular no. 11/2020 dated 24th March, 2020 clarified about the reliefs being provided to Companies and Limited Liability Partnerships (LLPs) due to outbreak of COVID-19 to lessen the burden of complian...

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CFSS 2020- Companies Fresh Start Scheme, 2020 – Analysis

Companies Fresh Start Scheme, 2020 (CFSS 2020), why introduced? MCA vide its circular no. 12/2020 dated 30th March, 2020 in addition to circular no. 11/2020 dated 24th March, 2020 clarified about the Scheme. Issues that led to the birth of CFSS scheme, 2020: Representations from stakeholders for the grant of one-time opportunity enabling ...

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Right issue procedure and FAQs

Stay Home and stay healthy my readers, it is one of the perfect time to utilize our time on improving and growing our knowledge. A company throughout its operations need ample amount of cash inflows. Generally, there are two ways to raise capital first is borrowed fund and second is owned fund. Borrowed fund comes […]...

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Private Company- Meaning and Mandatory Compliances

What is Meaning of Private Limited Company? A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded. > A private company [&hel...

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Concept of Corporate Social Responsibility : A Jurisprudential Viewpoint

The article starts with the jurisprudence behind the law of corporate social responsibility. It then tries to confirm it with the different schools of whether it is a correlative duty or absolute duty or it is a fair law or not. It further tries to check the validity and looks into the matter of moral […]...

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Summary Provisions of Notice of Annual general meeting

Section 101 and 96 of Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014, Secretarial Standard on General Meetings (SS-2) and SEBI (LODR) Regulation, 2015 Major points to be focused while making notice of Annual general meeting 1) Approval of the Board is necessary for the issuance of the Notice of AGM inc...

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Posted Under: Company Law |

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