FCS Ashish Jain Key Points for Preferential Allotment of Shares by Unlisted Companies Under Section 62 Applicable Rules and Sections of Companies Act, 2013 Rule 13 of the Companies (Share Capital and Debentures) Rules, 2014 lays down conditions to be complied with for preferential offer of shares or other securities by unlisted companies. (adsbygoogle = window.adsbygoogle || []).push({}); … Read more
Fast Track Incorporation of Company through INC-29 under Companies Act 2013 (adsbygoogle = window.adsbygoogle || []).push({}); Under the ease of doing business initiatives taken by Modi Government, Ministry of Corporate Affairs (MCA) has tried to reduce the time required for incorporation of a new company in India. For this purpose, Ministry of Corporate Affairs (MCA) has … Read more
Suggestions invited by ICSI on proposed Secretarial Standards on Dividend, Board’s Report and Registers & Records (adsbygoogle = window.adsbygoogle || []).push({}); The ICSI expresses its sincere gratitude for the valuable suggestions received from professional colleagues on the revision of SS-1 and SS-2. As you are aware that the ICSI has constituted Secretarial Standards Board (SSB) … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As the object clause is a part of Memorandum of Association (MOA) of company, hence any change in object clause requires alteration in the MOA. Section 13 of the Companies Act, 2013 deals with the alteration of Memorandum of Association. As per the provisions of Section 13, a company may, … Read more
Stepwise Procedure For Alteration of Articles Under Section 14 of Companies Act 2013 (adsbygoogle = window.adsbygoogle || []).push({}); Section 14 of the Companies Act, 2013 deals with the alteration of articles. As per the provisions of Section 14, a company may, Subject to the provisions of this Act and the conditions contained in its memorandum, … Read more
Companies (Amendment) Bill 2016 NCLT Related Provisions (adsbygoogle = window.adsbygoogle || []).push({}); The Companies Law Committee in its report dated 01/02/2016 noted that after the honorable Supreme Court’s Order of May, 2015, the government had initiated the process of constituting the ‘National Company Law Tribunal’. The Committee felt that changes in the Companies Act, 2013, … Read more
Integrated Company Secretary Course Complete Details ICSI is offering an integrated Company Secretary Course (Full-time) at ICSI-CCGRT, Navi Mumbai (adsbygoogle = window.adsbygoogle || []).push({}); Objective : To develop well rounded niche governance professional under one roof Scope : 1) A well-structured Company Secretary Course 2) Soft Skills, Leadership Traits and other Life Skills 3) Training … Read more
Highlights of Company Secretary Benevolent Fund (adsbygoogle = window.adsbygoogle || []).push({}); The Company Secretary Benevolent Fund (CSBF) provides safety net to Company Secretaries who are members of the fund and their family members in distress. CBFS 1. Registered under the Societies Registration Act, 1860 … Read more
Draft Board Resolution for Appointment of CFO (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 203 of the Companies Act, 2013 every public company having paid up capital of Rs. 10.00 crores or more shall have the following whole-time Key Managerial Personnel (KMP): (i) ManagingDirector, or Chief Executive Officer or manager and … Read more
Draft Board Resolution for Appointment of CEO (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 203 of the Companies Act, 2013 every public company having paid-up capital of Rs. 10.00 crores or more shall have the following whole-time Key Managerial Personnel (KMP): (i) ManagingDirector, or Chief Executive Officer or manager and in … Read more
Draft Board Resolution for Appointment of Company Secretary (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 203 of the Companies Act, 2013 every public company having paid up capital of Rs. 10.00 crores or more shall have the following whole-time Key Managerial Personnel (KMP): (i) ManagingDirector, or Chief Executive Officer or manager … Read more
Board Resolution for writing off Fixed Assets (adsbygoogle = window.adsbygoogle || []).push({}); This is to inform the board that there are number of Fixed Assets which are appearing in the books of accounts but no longer in use because they have become obsolete. Out of these obsolete assets only some assets have scrap value whereas … Read more
Board Resolution for writing off Bad Debts (adsbygoogle = window.adsbygoogle || []).push({}); This is to inform the board that there are number of Debtors/Creditors outstanding since very long for which our internal auditor in its quarterly reports advising to either settle the accounts with the respective parties or to write off from the … Read more
Draft Board Resolution for Appointment of KMP (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 203 of the Companies Act, 2013 every public company having paid up capital of Rs. 10.00 crores or more shall have the following whole-time Key Managerial Personnel (KMP): (i) ManagingDirector, or Chief Executive Officer or manager and … Read more
Draft Board Resolution for Appointment of Independent Director (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 149 (4) of Companies Act 2013 read with rule 4 of Companies (Appointment of directors and their Qualification) Rules 2014, every listed public company, public companies having paid-up share capital of Rs.10.00 crore or more, public … Read more
Draft Board Resolution For Approval of Financial Statements (adsbygoogle = window.adsbygoogle || []).push({}); The Balance Sheet of the Company as on 31st March, 20__ and the Profit & Loss Account of the Company as on date were presented before the Audit committee on ___________ for their perusal and approval. The Audit committee gone through the … Read more
Draft Board Resolution to Take Note of Declaration of Independence (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 149(7) of Companies Act, 2013 every independent director shall at the first meeting of the Board in which he participates as a director and thereafter in every financial year or whenever there is any … Read more
