FCS Ashish Jain

Draft Board Resolution for Disclosure of Interest by Directors (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 184 of Companies Act, 2013 all the directors required to give the notice of their concern or interest in any other company or companies or bodies corporate, firms or other association of individuals and/or in … Read more

Draft Board Resolution for Approval of AGM Notice (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 96 of the Companies Act, 2013 every company shall in each year hold Annual General Meeting within a period of six months from the date of closing of the financial year. Therefore it is proposed to … Read more

Draft Board Resolution for Approval of Board’s Report (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of the Companies Act, 2013 report of Board of Directors is to be attached with the Balance Sheet laid before the shareholders in the general meeting. Before circulation of Board’s Report along with the Annual Accounts of the … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Section 161(2) of the Companies Act, 2013 deals with the Appointment of Alternate Director. As per the provisions of section 161 (2) states that : The Board of Directors of a company may, if so authorised by its articles or by a resolution passed by the company in general meeting, appoint … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Section 161(3) of the Companies Act, 2013 deals with the Appointment of Nominee Director. As per the provisions of section 161 (3) states that “Subject to the articles of a company, the Board may appoint any person as a director nominated by any institution in pursuance of the provisions of … Read more

DRAFT Board Resolution for Availing of Corporate Internet Banking (adsbygoogle = window.adsbygoogle || []).push({}); The Central Board of Direct Taxes, vide notification S.O.No.493(E) dated 13.3.2008 have notified that all the companies are required to pay the taxes electronically. In the light of the above referred notification of CBDT, Board of Directors accorded their consent to … Read more

        DRAFT BOARD RESOLUTION FOR OPENING CURRENT BANK ACCOUNT If a company wants to open or close a bank account, approval of the board is required for this purpose and a certified true copy of the board resolution for opening current bank account is to be provided to the concerning bank. So … Read more

Constitution of Nomination & Remuneration Committee. (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 178 of Companies Act, 2013 the Board of Directors of every listed company and such other class or classes of companies, as may be prescribed shall constitute the Nomination and Remuneration Committee consisting of three or more non-executive … Read more

Constitution of Audit Committee The provisions of section Section 177(1) of the Companies Act, 2013 read with Rule 6 require the constitution of audit committee by :        i.            all listed companies; and      ii.            all public companies                         o     with a paid up capital … Read more

DRAFT BOARD RESOLUTION FOR THE APPOINTMENT OF MANAGING DIRECTOR “RESOLVED THAT pursuant to the provisions of Sections 196, 197 & 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”), The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory modifications or re-enactment(s) thereof for the … Read more

As per the provisions of Section 161(1) if the articles of a company permits, its Board of Directors has the power to appoint any person, other than a person who fails to get appointed as a director in a general meeting, as an additional director at any time who shall hold office up to the date of … Read more