Section 8 of Companies Act 2013 – Formation of Companies with Charitable Objects, etc. (adsbygoogle = window.adsbygoogle || []).push({}); 8. (1) Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company— (a) has in its objects the promotion of … Read more
Section 14 of Companies Act 2013 – Alteration of Articles Key Points : A company may, with the consent of shareholders by way of passing a special resolution, alter its articles. It can be done by way of alteration, modification or deletion of its existing article or by adding new article(s). Section 14. Alteration of articles. … Read more
Section 13 of Companies Act 2013 – Alteration of memorandum (1) Save as provided in section 61, a company may, by a special resolution and after complying with the procedure specified in this section, alter the provisions of its memorandum. (2) Any change in the name of a company shall be subject to the provisions … Read more
Annual Compliances For Public Limited Company 1. Section 173 – Minimum 4 Board Meetings Every company shall hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board. As per … Read more
Mandatory Annual Compliances For Private Limited Company Under Companies Act 2013 1. Section 173 – Minimum 4 Board Meetings Every company shall hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings … Read more
Resolutions Which cannot be Passed by Circular As per the provisions of Section 179(3) of the Companies Act, 2013 the Board of Directors of a company shall exercise the following powers on behalf of the company by means of resolutions passed at meetings of the Board, namely: (a) to make calls on shareholders in respect … Read more
Powers Which Can be Exercised In Board Meeting only As per the provisions of Section 179(3) of the Companies Act, 2013 the Board of Directors of a company shall exercise the following powers on behalf of the company by means of resolutions passed at meetings of the Board, namely:— (adsbygoogle = window.adsbygoogle || []).push({}); (a) … Read more
Authority to call a Board Meeting (adsbygoogle = window.adsbygoogle || []).push({}); Any Director of a company may, at any time, summon a Meeting of the Board, and the Company Secretary or where there is no Company Secretary, any person authorised by the Board in this behalf, on the requisition of a Director, shall convene a … Read more
Board Committees under companies act 2013 Section 135 – Corporate Social Responsibility Committee Applicability Every company having Networth of Rs 500 crore or more, or Turnover of Rs 1000 crore or more or A Net Profit of Rs 5 crore or more during any financial year. Composition The committee shall consist of 3 or more … Read more
