Companies Act 2013 - Page 3

MCA increases CS appointment limit to Rs. 10 crore wef 01.04.2020

Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 notified  by Notification dated January 03, 2019- Effective w.e.f 01.04.2020. Rule 8A Pre-Amendment – Provided that all the companies not covered under Rule 8[1] and having a paid-up share capital of Five Crore Rupees or more shall have a wholeti...

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Posted Under: Company Law |

Changes in CS Appointment & Secretarial Audit Limits wef 01.04.2020

Amendment To Rule 8A And Rule 9 of Companies (Appointment And Remuneration of Managerial Personnel) Rules, 2014 by Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 Now Rule-8A and Rule-9 is read as follows: 1. Rule 8A: Earlier- A company other than a company covered under rule 8 which has a paid up [&...

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Posted Under: Company Law |

Amended requirement of Appointing CS & Secretarial Audit Report

MCA Notification dated January 3, 2020 w.r.t. amendment in requirement of Appointment of CS & Secretarial Audit Report (06/01/2020)

Ministry of Corporate Affairs (MCA) had vide notification dated January 03, 2020 notified Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 and amended the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Following are the glimpse of the Companies (Appointment and Remunerat...

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Appointment of Company Secretary & Scope of Secretarial audit (Latest Changes)

Introduction MCA has vide Notification dated 03rd January, 2020 notified Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 which has lead to an increase in the limit of paid up share capital for appointment of Com...

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Posted Under: Company Law |

Right Issue of Shares under Companies Act

Right Issue – A pre-emptive right given to shareholders in preference to an outsider.  One of the easiest method to induct the capital in the Company is the Issuance of Shares under Right Issue. Under this, right is given to the existing equity shareholders, in the proportion of their existing holding in the Company. The […]...

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Posted Under: Company Law |

Provisions- Resignation of Auditor from Listed Companies

SHORT SUMMARY: In this editorial author shall discuss the provisions of Resignation of Auditor under Companies Act, 2013 read with SEBI Guidelines. SEBI on October 18th, 2019 issued circular relating to Resignation of Auditor from Listed Companies and their Subsidiaries. These guidelines are stating compliance required to be done by Resig...

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Posted Under: Company Law |

Companies required to appoint a Company Secretary- New Rules

The amendment has substituted the rule by providing that every private company which has a paid-up share capital of Ten Crore INR or more shall have a whole-time company secretary....

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FAQs on ROC form DPT 3

DPT 3 Form Filing, Frequently asked questions on ROC form DPT 3, the due date of Form DPT 3 and all you need to know about it Q 1. What is form DPT 3? Ans: DPT-3 is a return of Deposits or particulars of transaction not considered as deposit or both which is to be filed […]...

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Filing of Declaration for Commencement of Business in Form INC-20A

The Companies Act, 2013 was effective for all the companies with effect from 1st April, 2014 but of its certain sections or provisions was applicable from different dates depending upon the notification of by Ministry from time to time. The Government of India has always put a thrust to start a business by incorporating a […]...

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Posted Under: Company Law |

Data Bank For Independent Directors

Independent Directors Serve as an important institution of Corporate Governance Contributing Significantly at the boards by bringing diverse set of skills with an independent judgment on significant issues. Independent Directors act as a guide, coach , mentor to the company, Their role broadly includes improving corporate credibility&...

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Posted Under: Company Law |

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