(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 197 of the Companies Act, 2013 : An independent director shall not be entitled to any stock option and may receive remuneration by way of sitting fees, reimbursement of expenses for participation in the Board and other meetings and profit related commission as may … Read more
Draft Resolution for Conversion of Loan Into Equity (adsbygoogle = window.adsbygoogle || []).push({}); RESOLVED THAT Pursuant to section 62 and other applicable provisions of the Companies Act, 2013 consent of the Company be and is hereby accorded to the issue and allotment of ….. equity shares of Rs.10 each to …….., at a premium of … Read more
Special Resolution for Related Party Transaction (adsbygoogle = window.adsbygoogle || []).push({}); “RESOLVED THAT pursuant to the provisions of Section 188 and all other applicable provisions if any, of the Companies Act, 2013 (the Act) read with the Companies (Meetings of Board and its Powers) Rules, 2014 and subject to such approvals, consents, sanctions and permissions … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Companies Act, 2013 approval of share holders is required by way of Special Resolution for change of name. After that an application shall be filed in Form No.INC.24 along with the fee for change in the name of the company and a new certificate of … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); A limited company registered under Companies Act, 2013 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 (c) of that sub-section, and which is desirous of … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 180(1)(c) of the Companies Act, 2013 if a company wants to borrow money, where the money to be borrowed, together with the money already borrowed by the company, will exceed aggregate of its paid-up share capital and free reserves, apart from temporary loans obtained … Read more
As per provisions of Section 12(5) of the Companies Act, 2013 except on the authority of a special resolution passed by a company, the registered office of the company shall not be changed,— (a) in the case of an existing company, outside the local limits of any city, town or village where such office is … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 14 of the Companies Act, 2013, a company can alter it’s Article of Association, Subject to the conditions contained in its memorandum, if any, by passing a special resolution in general meeting. Special Resolution for Alteration of Articles “RESOLVED THAT pursuant to the provisions 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
