The concept of Women Directors and Independent Directors was introduced through Companies Act, 2013. Section 149 of the Companies Act, 2013 and the Companies (Appointment and Qualifications of Directors) Rules, 2014 deal with the provisions pertaining to the directors on board of a company. WOMAN DIRECTOR Second proviso to sub-section (1) of Section 149 of […]
I hereby share my views in respect of holding General Meeting (AGM/EGM) during lockdown period or Covid-19” through this article. There are new circulars published on MCA (Ministry of Corporate Affairs) towards clarification of holding AGM/EGM by the Companies. I hope this article would be given some help to our profession. MCA have published following […]
Transfer of shares -Procedure in India under Companies Act 2013 Shares in a company are transferrable like any other movable property in absence of any restriction under the articles of the Company. Section 56 of the Companies Act, 2013 provides that the transfer of shares of the company and other securities will be registered by […]
कंपनी अधिनियम 2013, के अनुच्छेद 2 (68) के अनुसार निजी (प्राइवेट) कंपनी वह कंपनी है जिसकी प्रदत्त पूँजी (PAID UP CAPITAL) अंतर नियम द्वारा निर्धारित हो, एवं जो – 1. अपने अंशो के ( यदि कोई हो) हस्तांतरण पर प्रतिबंध लगाती है | 2. अपने सदस्यों की संख्या 200 तक सीमित रखती है किंतु इस संख्या […]
MSME cum GeM Registered Business in India play an important role in building Self Reliant India. Based on recommendation of the Group of Secretaries, the Hon’ble Prime Minister of India decided to set up dedicated e-marketplace for different goods and services businesses in India. The platform provide the opportunity to sellers to set competitive market […]
Arbitration is of the most popular method of ADR and infact it has gained immense popularity amongst business entities and the results are quite positive and this resulted in having the Statutory Arbitration under the provisions of MSME. Arbitration is a simplified version of a trial proceedings involving limited discovery and simplified rules of evidence. […]
Keeping in view of Indian Prime Minister’s Vision of Self Reliant India Movement a special package to cater MSMEs, labourers, middle class and for some industries. Following steps are taken for MSMEs Businesses In India: 1. INR 3, 00,000 Crore Collateral Free Automatic Loans for Businesses including MSMEs: Businesses/MSMEs have been badly hit due to […]
1. Collateral free credit: Under CGTMSE (Credit Guarantee Funds Trust for Micro and Small Enterprises) scheme, MSME’s can avail maximum collateral free credit (Fund based / non fund based – LC, BG etc) upto of Rs. 200 Lacss from Eligible Institutions. Maximum Guarantee Cover is as under Category Maximum extent of Guarantee where credit facility […]
Series of Announcements are being made by the Govt after Urban poor, Migrant Workers, Self employed persons relief package on 14th May 2020 Series of Announcements are being made by the Govt after MSMEs packages on 13th May 2020. https://taxguru.in/finance/fm-nirmala-sitaramans-address-nation-13-05-2020-tax-announcements.html Focusing Today on Agriculture, fisheries, animal husbandry and allied activities India is the largest milk, […]
Changes and Reliefs in various sectors, taxation and Analysis of Finance Minister Speech on 20 lakhs crore relief package On 13.05.2020, PM Narendra Modi while addressing nation, announced 20 lakhs crore relief package to various sectors of the economy keeping in view the Aatam-nirbhar Bharat mission. Thereafter, FM Nirmala Sitharaman announced relief package which is […]
