Procedure for Special Notice Under Companies Act 2013 (adsbygoogle = window.adsbygoogle || []).push({}); (1) The provisions relating to “Special Notice” is prescribed under section 115 of the Companies act 2013 and in rule 23 of the Companies (Management and Administration) Rules, 2014. (2) Notice can be given by such number of members holding not less than 1% of … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Section 196(4) provides that subject to the provisions of section 197 and Schedule V of the Companies Act, 2013, a managing director, whole-time director or manager shall be appointed and the terms and conditions of such appointment and remuneration payable be approved by the Board of Directors at a meeting … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 169 of Companies Act 2013 A company may, by ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242, before the expiry of the period of his office after giving him a reasonable opportunity of being heard. Procedure For … Read more
Procedure For Online Payment of Stamp Duty on Transfer of Shares (adsbygoogle = window.adsbygoogle || []).push({}); According to the Indian Stamp Act, 1899, stamp duty is payable on instruments. An instrument has been defined as any document by which any right or liability is created or purported to be created, transferred, limited, extended, extinguished or … Read more
Procedure for Transfer of Shares in Private Limited Company (adsbygoogle = window.adsbygoogle || []).push({}); 1. Generally, a Private Company is guided by its Article of Association. As per Section 2(68) of Companies Act, 2013 Private Company restricts the transfer of shares and prohibit invitation to public to subscribe to any securities of the … Read more
Procedure For Transfer of Shares in Public Company (adsbygoogle = window.adsbygoogle || []).push({}); 1. Get the Share Transfer Deed in prescribed Form i.e SH-4, duly executed both by the transferor and transferee. 2. The instrument of transfer may not be in the prescribed form in the following cases:- i. … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); One Person Company (‘OPC’) means a company which has only one person as a member. Paid up share capital of an OPC shall not exceeds fifty lakh rupees or its average annual turnover during the of immediately preceding three consecutive financial years shall does not exceeds two crore rupees. Minimum Requirements … Read more
Procedure For Incorporation of Section 8 Company Digital Signature Certificate (DSC) & DIN: (adsbygoogle = window.adsbygoogle || []).push({}); Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all the proposed Directors of the Company must be obtained. Digital Signature is the only secure and authentic way that a document can be submitted electronically. All … Read more
Procedure for Conversion Into Section 8 Company (adsbygoogle = window.adsbygoogle || []).push({}); (1) A limited company registered under this Act or under any previous company law, with any of the objects specified in clause (a) of sub-section (1) of section 8 and the restrictions and prohibitions as mentioned respectively in clause (b) and … Read more
A One Person Company can be converted into other kind of company under two conditions: (adsbygoogle = window.adsbygoogle || []).push({}); (a) Voluntary Conversion: No such company can convert voluntarily into any kind of company unless two years is expired from the date of incorporation of One Person Company.[Rule 3(7) of The Companies (Incorporation) Rules, … Read more