The concept of Right issue of shares is governed by section 62(1)(a) of the Companies Act, 2013. The said section deals with provision related to increase in subscribed share capital of the Company by issue of further shares. ‘Right Issue’ means offering shares to existing shareholders in proportion to their existing shareholding. The object is, …
Introduction Startups that need pre-seed or seed funding use convertible notes to raise money before offering equity funding. Since founders can buy their shares when they’re incorporated at a price specified in the articles of incorporation, turning around a few months later and selling shares at a significant markup would look suspicious. Convertible Notes allow …
Convertible Notes – Eligibility, Process and Requirements Read More »
Introduction Employees are the backbone of any business as their diligence and hard work play a crucial role in the growth of any business. Many companies appreciate their employees and reward them in different ways. Rewarding employees motivates them to contribute more to the growth of the business. Sweat equity shares is one such reward …
You have not received your Income Tax refund yet? Awaiting you refunds for a prolonged period, is really something which bothers! The following needs to be checked on before you find out the reasons for refund not being credited to your bank account: The income tax return must be filed within the due dates The …
Definition of International Business International Business is the process of focusing on the resources of the globe and objectives of the organisations on global business opportunities and threats. International business is defined as global trade of goods/services or investment. Meaning of International Business environment An International Business Environment (IBE) refers to the surroundings in which …
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 »
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