FCS Ashish Jain

I am FCS Ashish Jain, a qualified Company Secretary and the founder & editor of corporatelaws.in. I am having over 16 years of professional experience in corporate laws and legal compliances. For over a decade, corporatelaws.in has served as a trusted digital repository and guide for corporate professionals, students, and business owners navigating the evolving landscape of Indian corporate laws. Over the years, this platform has grown into a go-to resource for thousands of readers looking for practical guides, timely updates and compliance clarity. If you have a specific compliance question? Feel free to connect with me through email csashishjain@gmail.com or drop a comment on our latest post!

Procedure for Fixation of Remuneration to Managing Director/Whole Time Director

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 Procedure for Fixation of Remuneration to Managing Director/Whole Time Director The procedure to be followed for fixation of remuneration of Managing Director/Whole Time Director is as follows: (adsbygoogle = window.adsbygoogle || []).push({});    1. Convene a Board meeting after giving notices to all the directors of company in accordance with Section 173, to fix the date, … Read more

Key Provisions Relating to Managerial Remuneration

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Key Provisions Relating to Managerial Remuneration (adsbygoogle = window.adsbygoogle || []).push({}); There is no restriction relating to managerial remuneration for a private company. [Section 197(1)] Total managerial remuneration payable by a public company to its directors (including Managing Director and Whole Time Director) and Manager in a financial year shall not exceed eleven percent of … Read more

Procedure for Appointment of Director to be Elected by Small Shareholders

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Procedure for Appointment of Director to be Elected by Small Shareholders A listed company may have one director elected by small shareholders. Small shareholders means a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum prescribed. [Section 151] Rule 7 of the Companies (Appointment and Qualification of … Read more

Procedure to appoint Key Managerial Personnel (KMP)

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(adsbygoogle = window.adsbygoogle || []).push({}); Key Managerial Personnel (KMP) Section 203 of the Act read with Rule 8 of the Companies (Appointment And Remuneration of Managerial Personnel) Rules,2014 provides that every Listed company and every other public company having a paid up share capital of ten crore rupees or more shall have whole-time key managerial … Read more

Procedure for Transmission of Shares

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(adsbygoogle = window.adsbygoogle || []).push({}); In the light of the foregoing provisions in the Act and the model articles of association of a company as enshrined in Table A of Schedule I to the Companies Act, 2013, a company which receives an intimation about the demise or insolvency of a registered shareholder, is required to … Read more

Procedure for Variation of Members Rights

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Procedure for Variation of Members Rights   (adsbygoogle = window.adsbygoogle || []).push({});   1.  Check the Memorandum and Articles of Association of the company, whether any of them authorizes the company to vary the rights attached to any class of shares and such rights of the company are not prohibited by either of them and … Read more

Income Tax Relief for Individuals For FY 2017-18

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Income Tax Relief for Individuals For FY 2017-18 (adsbygoogle = window.adsbygoogle || []).push({}); Today on 01/02/2017 the Finance Minister Shri Arun Jaitley presented the union budget for the F.Y. 2017-18. After the Demonetisation everyone was expecting that the income tax slabs shall be increased but contrary to the expectations income tax slabs remain unchanged for … Read more