FCS Ashish Jain

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 180(1)(c) of the Companies Act, 2013 if a company wants to borrow money, where the money to be borrowed, together with the money already borrowed by the company will exceed aggregate of its paid-up share capital and free reserves, apart from temporary loans obtained … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); As per provisions of Companies Act, 2013 if a company wants to shift its registered office within the local limits of any city, town or village where such office is first situated, it can do so with the consent of board of directors. Draft Board Resolution for Shifting of Registered … Read more

As per provisions of Section 12(5) of the Companies Act, 2013 except on the authority of a special resolution passed by a company, the registered office of the company shall not be changed,— (a) in the case of an existing company, outside the local limits of any city, town or village where such office is … Read more

Draft Board Resolution For Incorporation of Wholly Owned Subsidiary (adsbygoogle = window.adsbygoogle || []).push({}); “RESOLVED THAT pursuant to the provisions of section 2(87) and other applicable provisions, if any, of the Companies Act, 2013 (Act) and rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force)subject to the memorandum and … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 87(1) of the Companies Act, 2013 the Central Government on being satisfied that the omission to file with the Registrar the particulars of any charge created by a company or any charge subject to which any property has been acquired by a company or … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 197(5) of the Companies Act, 2013 A director may receive remuneration by way of fee for attending meetings of the Board or Committee thereof or for any other purpose whatsoever as may be decided by the Board, Provided that the amount of such fees … Read more

Draft Board Resolution For Issue of Duplicate Share Certificate (adsbygoogle = window.adsbygoogle || []).push({}); M/s. XYZ has issued _______ Equity Shares to M/s. ABC covering the distinctive numbers from ______ to _____ of Rs.__/- each. M/s. ABC vide its letter dated _____ informed that the Share Certificate of above referred shares has been misplaced/lost and … Read more

Draft Board Resolution for Allotment of Shares for Cash (adsbygoogle = window.adsbygoogle || []).push({}); “RESOLVED THAT pursuant to the letter of Offer for issuance of shares and the approval of the members _____________ equity shares of Rs._____ each be and are hereby allotted to the persons as per list tabled before the Board and initialled … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 61(1)(a) of the Companies Act, 2013 a limited company having a share capital may, if so authorised by its articles, alter its memorandum in its general meeting to increase its authorised share capital by such amount as it thinks expedient. Draft Board Resolution for … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Any person becoming entitled to a share in consequence of the death or insolvency of a member may, upon such evidence being produced as may from time to time properly be required by the Board and subject as hereinafter provided, elect, either (a) to be registered himself as holder of … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of  section 77 of the Companies Act, 2013 It shall be the duty of every company creating a charge within or outside India, on its property or assets or any of its undertakings, whether tangible or otherwise, and situated in or outside India, to register the … Read more