(adsbygoogle = window.adsbygoogle || []).push({}); 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 … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 55(2) of Companies Act, 2013 Preference Shares can only be redeemed either out of the profits of the company which would otherwise be available for dividend or out of the proceeds of a fresh issue of shares made for the purposes of such redemption … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 55(2) of the Companies Act, 2013 a company limited by shares may, if so authorised by its articles, issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue subject to such conditions … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 123(3) of the Companies Act, 2013 The Board of Directors of a company may declare interim dividend during any financial year out of the surplus in the profit and loss account and out of profits of the financial year in which such interim dividend … Read more
Procedure for incorporation of LLP (adsbygoogle = window.adsbygoogle || []).push({}); 1. Deciding the Partners and Designated Partners (i) A minimum of two partners who can be Individuals or Body Corporate through their nominees. (ii) Of the total number no. of partners, atleast two shall be Designated Partners, of which atleast one must … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); An additional director appointed in the board meeting under section 161 (1) of the Companies Act, 2013 can be appointed as a regular director as per the provision of section 160 at the ensuing Annual General meeting of the company following the procedure given below: As per the provisions of Section 160(1) … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 161 (4) of the Companies Act, 2013 in the case of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office expires in the normal course, the resulting casual vacancy may, in … 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, … Read more
Postal Ballot Procedure under Companies Act 2013 (adsbygoogle = window.adsbygoogle || []).push({}); 1. Check whether the business to be transacted by postal ballot relates to the businesses as specified in sub rule 16 of Rule 20 of Companies (Management & Administration) Rules, 2014. 2. Prepare the draft board resolution and postal ballot … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Section 13 lays down that a company may, by special resolution, alter the provisions of its memorandum so as to change the place of its registered office from one State to another. The alteration of the memorandum relating to the place of the registered office from one State to another shall not have any … Read more