(adsbygoogle = window.adsbygoogle || []).push({}); Conversion of companies is defined in Section 18 read with Rule 7 of the Companies (Incorporation) Rules, 2015. According to Rule 7A private company other than a company registered under Section 8 of the Companies Act 2013, who has a share capital of 50 lakhs rupees or those having an average annual turnover is 2 … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 54(1) of the Companies Act 2013 Notwithstanding anything contained in section 53, a company may issue sweat equity shares of a class of shares already issued, if the following conditions are fulfilled, namely:— (a) the issue is authorised by a special resolution passed by … Read more
As per the provisions of Section 56 of Companies Act, 2013 a company shall not register a transfer of shares of, the company, unless a proper transfer deed in Form SH.4 as given in Rule 11 of Companies (Share Capital & Debentures) Rules 2014 duly stamped and executed by or on behalf of the transferor and by or on … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Legal Provisions related to Conversion of Public Company into Private Company are given in Section 18 and 14 of the Companies Act, 2013 read with Rule 33 of Companies (Incorporation) Rules, 2014. As per Section 13 and Section 14 of the Companies Act 2013 read with Rule 33 of Companies (Incorporation) Rules, … Read more
(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 179(3)(d) of the Companies Act, 2013 the Board of Directors of a company can exercise the power “to borrow monies” only by means of resolutions passed at meetings of the Board. As per the provisions of Section 180(1)(c) of the Companies Act, 2013 if … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 18 of the Companies Act, 2013 a company of any class registered under this Act may convert itself as a company of other class under this Act by alteration of memorandum and articles of the company. Section 13 and 14 of the Act read with Rule 33 of The Companies (Incorporation) Rules, 2014 states that a Private Company may … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 82 of the Companies Act, 2013 A company shall give intimation to the Registrar in the prescribed form, of the payment or satisfaction in full of any charge registered under this Chapter within a period of thirty days from the date of such payment … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 77 of the Companies Act, 2013 It shall be the duty of every company creating a charge within or outside India, on its property or assets or any of its undertakings, whether tangible or otherwise, and situated in or outside India, to register the … Read more
Procedure for Conversion of Private Company Into LLP (adsbygoogle = window.adsbygoogle || []).push({}); STEP1:- Notice of Calling Board Meeting for Board approval for conversion. The notice shall be given at least 7 days prior to the date of Board Meeting. STEP 2:- Hold Board Meeting and approve the conversion and authorize any director to file forms. STEP … Read more