(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 113(1)(a) of Companies Act, 2013 a body corporate, whether a company within the meaning of this Act or not, may, if it is a member of a company within the meaning of this Act, by resolution of its Board of Directors or other governing … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 168(1) of the Companies Act, 2013 a director may resign from his office by giving a notice in writing to the company and on receipt of such notice 1. Board shall take note of the same by passing a board resolution in this regard … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per section 139(6) the first auditor of the company shall be appointed by the Board within 30 days of Incorporation. In case of Board’s failure, an EGM shall be called within 90 days to appoint the first auditor. The law is silent regarding from when this time limit of … 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
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
