Novojuris

Major changes in Secretarial Standard – 2 General Meeting

CA, CS, CMA - Revised Secretarial Standard - 2 General Meeting is applicable to all General Meetings of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under Section 8 of the Companies Act, 2013 or corresponding provisions of any previous enactment thereof....

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Major changes in Secretarial Standard 1 Meeting of Board of Directors

CA, CS, CMA - The Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board....

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Removal of Director by Shareholders Under Companies Act 2013

CA, CS, CMA - Power to remove directors have always been bestowed on shareholders, as we all know, that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can remove any director before the expiry of his tenure, except any director appointed by [&...

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Voting Rights when there are Shares with Differential Voting Rights

CA, CS, CMA - There are a few subtle changes in the Companies Act, which bring about challenges in voting rights for different classes of shares and still be able to meet the requirement of balance of equity : preference in total voting rights. Earlier to the Companies Act 2013 (Act), private companies could determine voting rights of equity(including ...

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Private Placement under the Companies Act, 2013

CA, CS, CMA - Issuing shares to a select group of people like friends & family, angels or VC? Brace up, the new Companies Act 2013, provides for lengthy compliance procedures. Unlike before, even a private limited company has to follow the processes for private placement of securities. Securities means equity shares, preference shares and debenture...

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Recent Posts in "Novojuris"

Major changes in Secretarial Standard – 2 General Meeting

Revised Secretarial Standard - 2 General Meeting is applicable to all General Meetings of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under Section 8 of the Companies Act, 2013 or corresponding provisions of any previous enactment thereof....

Read More
Posted Under: CA, CS, CMA |

Major changes in Secretarial Standard 1 Meeting of Board of Directors

The Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board....

Read More
Posted Under: CA, CS, CMA |

Removal of Director by Shareholders Under Companies Act 2013

Power to remove directors have always been bestowed on shareholders, as we all know, that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can remove any director before the expiry of his tenure, except any director appointed by [&...

Read More

Voting Rights when there are Shares with Differential Voting Rights

There are a few subtle changes in the Companies Act, which bring about challenges in voting rights for different classes of shares and still be able to meet the requirement of balance of equity : preference in total voting rights. Earlier to the Companies Act 2013 (Act), private companies could determine voting rights of equity(including ...

Read More
Posted Under: CA, CS, CMA |

Private Placement under the Companies Act, 2013

Issuing shares to a select group of people like friends & family, angels or VC? Brace up, the new Companies Act 2013, provides for lengthy compliance procedures. Unlike before, even a private limited company has to follow the processes for private placement of securities. Securities means equity shares, preference shares and debenture...

Read More
Posted Under: CA, CS, CMA |

Further issue of shares to existing shareholders – Rights Issue / Preferential basis

If the issuance of security is for a select group of people, called Private Placement, please refer to our post here- Private Placement under the Companies Act, 2013.  If you wish to issue shares to existing equity shareholders, then read on. When a company proposes to increase the share capital by issue of equity, convertible […]...

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Posted Under: CA, CS, CMA |

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