One Person Company is newly added in the Companies Act 2013, earlier there was no concept of a one-person Company. The main aim was to promote the individual having the resources to form a company by reducing the complications and challenges faced while incorporation of a legal entity. It can be said as it is …
Concept of One Person Company(OPC) under Companies Act, 2013 Read More »
Code Of Conduct One of the most important HR Policies for a start-up company is the code of conduct or the work culture to be followed by the employees. The policy details the ethical behavior, employee relations, dress code, harassment policy, discrimination policy, customer misbehavior policy, etc. to be followed by all the employee of …
APPLICABLE SECTION : SECTION 62(3) CONVERTING A LOAN INTO EQUITY of a company is a common practice because many companies that have borrowed money from their directors, financial institutions, or any other entity are obligated to repay the debt within the time frame set forth in the loan agreement or on mutual terms agreed upon …
Sl.NO PARTICULARS REMARKS 1. Cut-off Date The shareholders of the company to be considered as on cut-off date. *Meaning of cut-off date: It is the date fixed for taking record of shareholders to be eligible to participate in right issue. 2. Notice of BM Notice to be sent with agenda and Notes to Agenda. *Notice …
From this article, you will get to know about Form MBP 1 and Format of Form MBP 1 (Companies Act, 2013). Section 184 (1) of the Companies Act 2013 requires that every director to make disclosure of his interest or concern in any company or firm or body corporate or any association of individuals at …
Form MBP 1 and Format of Form MBP 1 (Companies Act) Read More »
Section 184 (1) of the Companies Act 2013 requires that every director make disclosure of his interest or concern in any company or firm or body corporate or any association of individuals at the first Board meeting or when there is any change in the interest of Directors. Format of board resolution to record disclosure …
Format of board resolution to record disclosure of interest received from directors Read More »
As per FDI Regulations read with FEMA, the share must be allotted against share application money received from non-resident within 180 days of its receipt. As per section 42(6) of the Companies Act, 2013, the Time limit for share allotment is as follows: Whereas, as per section 42(6) of the Companies Act, 2013, if Company …
Time limit for share allotment -FEMA & Companies act, 2013 Read More »
Applicable Provisions: Section 46 (issue of share certificates) and sub-section (4) of section 56 (relating transfer and transmission of securities) read with Rule 5 of Companies (Share capital and debentures) Rules, 2014. The time period of issuing a share certificate (Section 56 (2)) A subscriber to the memorandum:- 2 months from the date of incorporation …
Issue of share certificate as per Companies Act, 2013 Read More »
Apply name of the NEW Company through MCA portal Relevant provisions Section 4(4) of the Companies Act, 2013 and Rule 8 & 9 of Companies (Incorporation) Rules, 2014. Relevant form Application of name can be filed through SPICe+ Part A under New Application as well as through the Reserve Unique Name (RUN) Web Form Purpose …
How to apply name of the NEW Company through MCA portal ? Read More »
General Business Items which shall not be passed by circulation and shall be placed before the Board at its Meeting (SS1) Noting Minutes of Meetings of Audit Committee and other Committees. Approving financial statements and the Board’s Report. Considering the Compliance Certificate to ensure compliance with the provisions of all the laws applicable to the …
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