Companies Act 2013 - Page 30

Company Name Change Procedure under Companies Act 2013

All the companies incorporated under The Companies Act, 2013 are governed by the Companies Act, 2013. And apart from many other provisions, The Companies Act, 2013 has given the liberty for changing the existing name of company in case company is desirous of changing its name. Now, let us go through its important provisions, in […]...

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Posted Under: Company Law |

Remuneration of KMPs | Section 197 & 198 | Companies Act, 2013

Section: 197 of the  Companies Act, 2013 Remuneration to Key Managerial Personnel 1. Maximum ceiling for payment of Managerial Remuneration Section 197 of the Companies Act, 2013 prescribed the maximum ceiling for payment of managerial remuneration by a public company to its managing director whole-time director and manager which shall n...

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Posted Under: Company Law |

Creation or Modification of charges | Relaxation of time | FAQs

ICAI FAQs on Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 Corporate Laws & Corporate Governance Committee of the Institute of Chartered Accountants of India issued and FAQs dated 19.06.2020 on MCA Scheme for relaxation of time for filing forms related to cr...

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Companies Fresh Start Scheme, 2020 (‘CFSS Scheme’)

Good Day All, Today, Hereby we discuss and understand one time opportunity to the defaulting companies and to enable them to file the belated documents in MCA-21 registry under a scheme named as “Companies Fresh Start Scheme, 2020” Companies Fresh Start Scheme, 2020 (‘CFSS Scheme’) (Came into effect vide circular no. 12/2...

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MCA extends time for Creation of deposit repayment reserve & to deposit 15% of amount of debentures

General Circular No. 24/2020 (19/06/2020)

Further Extension of time till 30th September 2020 to creation of deposit repayment reserve of 20% u/s. 73(2)(C) of the Companies Act 2013 and to invest or deposit 15% of amount of debentures u/r.18 of Companies (Share capital and Debentures) Rules 2014 vide General Circular No. 24/2020 Dated: 19th June, 2020. Requirement under section 73...

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EGM with Draft Notice | COVID-19 | Video conferencing / OAVM

EGM refers to Extra – Ordinary General Meetings, called by a company other than scheduled annual meeting (AGM) to deal with urgent matters (Special Businesses). As per Clause 2.2. of Revised SS-2, Items of business other than Ordinary Business may be considered at an Extra-Ordinary General Meeting or by means of a postal ballot, if [&he...

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Key Managerial Personnel | Section 2(51) | Companies Act 2013

Extract of Definition of Key Managerial Personnels (KMPs) under Section 2 of Companies Act 2013 Section 2(51) ‘key managerial personnel’, in relation to a company, means— (i) the Chief Executive Officer or the managing director or the manager; (ii) the company secretary; (iii) the whole-time director; (iv) the Chief Financia...

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One Person Company (OPC) Incorporation through SPICe+

One Person Company (OPC) The One Person Company signifies the form of a Company that can be formed with just one Director and a Member as against a Private Limited Company, which requires at least two directors and two members and a Public Company that requires at least three directors and seven members. The compliance […]...

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Why to Appoint a Company Secretary- CS

All banks whether listed or otherwise, shall have a Company Secretary who is bound by the professional standards of a Company secretary and The secretary shall report to the Chair of the board. Appointment of a Company Secretary has been one of the most talked topics in the recent times as Companies not just appoint […]...

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Anatomy – Private Limited company under Companies Act, 2013

In India, there are around 1250 Laws applicable in different terms in different manner. Some laws use word Prohibition and some use Restriction. But, these both terms are being used in different sense at different locations. To interpret the meaning of these words to be applied at specific provision in Law, it is necessary to […]...

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Posted Under: Company Law |

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