The Companies Act 2013 is a crucial legislation in India governing the incorporation, functioning, and management of companies. Learn about the key provisions, compliance requirements, and legal framework under the Companies Act 2013.
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No investment shall be made or loan or guarantee or security given by the Company unless resolution sanctioning it passed at the meeting of the Board with the consent of all the directors present at the meeting.
The Directors of a company function and exercise most of their powers at periodical meetings of the Board. The meeting to be vaild has to comply with the provisions of the Companies Act 2013
NCLT/Regional Director can compound offences which are punishable with fine only. Offence can be compounded by Regional Director or person authorised by Central Government if maximum amount of fine that can be imposed does not exceed Rs. 5,00,000/=.
Sweat equity shares refers to equity shares given to the company’s employees on favourable terms, in recognition of their work. It is one of the modes of making share based payments to employees of the company.
NCLT, while exercising the power of rectification under section 254(2), can recall its order in its entirety if it is satisfied that prejudice has resulted to the party which is attributable to the Tribunal’s mistake, error or omission
Applicant can appear before the Tribunal or the Appellate Tribunal in person or can authorise a chartered accountant, company secretary, cost and works accountant or a lawyer to appear before NCLT, NCLAT.
The role of independent directors is considered to be of a great significance. Guidelines, role, functions and duties are broadly set out under Code of conduct under Schedule IV of Companies Act, 2013.
Caveat petition is a precautionary measure which is undertaken by people usually when they are having very strong apprehension that some case is going to be filed in the court regarding their interest in any manner.
We wish to submit that we are receiving requests from professionals for extension of last date for filing of annual forms due to the following reasons: • Last date for Income Tax extended to October 17, 2016
Producer Company is a company registered under the Companies Act; 2013 and shall carry on any of the following activities: (i) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of members or import of goods or services for their benefit;