The article aims to elaborate each type of Company as governed under Companies Act, 2013 (CA, 2013). The Act provides for types of companies that can be promoted and registered under the Act.
As per Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014, the following classes of companies shall have at least 2 directors as independent directors:- (i) the Public Companies having paid up share capital of ten crore rupees or more; or (ii) the Public Companies having turnover of one hundred crore rupees or more; or (iii) the Public Companies which have, in aggregate, outstanding loans, debentures and deposits, exceeding fifty crore rupees.
Extra-Ordinary General Meeting(s) (EGM’S) wherever unavoidable may be held through Video Conferencing (VC) or other Audio Visual Means (OAVM)- MCA Circular No. 14/2020 dated 08.04.2020 and Circular No. 17/2020 dated 13.04.2020 Vide this circular Companies are allowed to take all decisions of urgent nature requiring approval of members, other than items of ordinary business or […]
Annual General Meeting of the Company & Related Temporary relaxations during the Global Pandemic On 05.05.2020, the Ministry of Corporate Affairs (MCA) has given a clarification vide circular n0. 18/2020 giving relaxation for holding through Video Conferencing or other Audio Visual Means (OAVM). The article below provides a detailed description of AGM & the relaxation provided. […]
This article is specifically written for the students who have to appear for the professional examinations in the coming years. Immediately, after the announcement of inclusion of this topic by professional bodies i.e. ICAI/ICSI/ICMAI in their syllabus, a particular section of students (those who prefer self-study) will start searching for the summarized notes online. Let […]
Section 149 of Companies Act 2013 deals with Appointment and Qualification of Directors. Same Section also contains Provisions related to Appointment of Independent Directors. 1. Applicability of Independent Directors (“IDs”): All Listed Companies All Public Companies having a. Turnover is Rs. 100 cr or more b. Aggregate Outstanding loans, debentures and deposits exceeds Rs. 50 […]
Appointment (Section 152) and Resignation of Director (168) under Companies Act, 2013 Appointment of Director: Section 152, Companies Act, 2013 Directors in a Company are responsible for the management of their companies, and board play an important role in governance, setting strategic direction of the companies. A director is a person who is appointed to […]
Currently there are over 40 Labour Law Legislations that are in force in our country. The Government of India has embarked on a herculean task to amalgamate all of these labour law legislations into four Labour Codes. These Codes aims to simplify the labour law compliances which will in turn help these businesses to target their resources toward the development of the industry instead of complicated labour law compliances.
Digital Health may be said to include the apparatuses and services that use information and communication technologies (ICT) for the purposes related to health. These purposes widely include improving accuracy in diagnosis, monitoring chronic diseases meticulously and improving treatment processes for the patients.
The Covid-19 pandemic is going to change many things and create a new normal. Lifestyles will change, people will become more health conscious, masks and hand sanitizers will become part of routine life. What more is in store? As a citizen, one must evaluate the upcoming opportunities and challenges. It is said that that industry […]
