(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 185(1) of Companies Act, 2013 save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 63 of the Companies Act, 2013 a company may issue fully paid-up bonus shares to its members if it is authorized by its articles and it has, on the recommendation of the Board, been authorized in the general meeting of the company. The bonus … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 62(1) of Companies Act, 2013where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered to persons who, at the date of the offer, are holders of equity … Read more
(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