Important

Change in registered office from one state to another

SHIFTING OF REGISTERED OFFICE FROM ONE STATE TO ANOTHER STATEA registered office is the official address of a company to which all official letters, notices and reminders will be sent by any person, any government or non-government or regulatory body. In terms of Section 7 of the Companies Act, 2013

249 25 Nov, 2020 by Vishal Wason

Important

Issuance of Equity Shares Through Sweat Equity

Article explains What is sweat equity shares under Companies Act, 2013, Definition of Sweat Equity Shares, Conditions for  issuance of sweat equity shares, Important Points while issuing Sweat Equity Shares, Disclosures to be made in board of directors report of the year in which sweat equity share

233 25 Nov, 2020 by Vishal Wason

Important

Procedure for Appointment of Management Director

What is Managing Director under Companies Act, 2013?Section 2(54) of the Companies Act, 2013 provides that “managing director” means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directors

267 25 Nov, 2020 by Vishal Wason

Important

Procedure for Appointment of Management Director (Where MD is aged 70 Years or more)

What is Managing Director under Companies Act, 2013?Section 2(54) of the Companies Act, 2013 provides that ‘managing director’ means a director who, by virtue of the articles of a company or an agreement with the company or a resolution passed in its general meeting, or by its Board of Directo

264 25 Nov, 2020 by Vishal Wason

Important

Procedure For Removal of Director

1. Ensure that a special notice for the removal of a director is furnished by number of members in accordance with the section 115 of Companies Act, 2013 to the company at least 14 days before the meeting at which it is to be moved.2. (a) Ensure that the notice for removal of a director is for a dir

228 25 Nov, 2020 by Vishal Wason

Important

Bonus Issue of Shares under Companies Act, 2013

Article explains The source out of which Bonus Shares shall be issued, Source which company shall not utilise for the purpose of issue of Bonus Shares, Secretarial formalities to be complied with for Bonus Share Issue, Company not eligible for issuing bonus shares and Provisions and procedures relat

350 25 Nov, 2020 by Vishal Wason

Important

Issue of Shares Through Right Issue under Companies Act, 2013

‘Right Issue’ means offering shares to existing members in proportion to their existing shareholding. The object is, of course, to ensure equitable distribution of Shares and the proportion of voting rights is not affected by issue of Fresh shares.A rights issue is an invitation to existing shar

328 25 Nov, 2020 by Vishal Wason

Important

Issue of Shares Through Private Placement | Companies Act, 2013

Private placement can be explained as a means of raising capital by the companies without going for public issues. Public Issues like Initial Public Offering and Further Public Opening are means of raising capital by the companies.DEFINITIONA private placement is a sale of stock shares or bonds to p

234 25 Nov, 2020 by Vishal Wason

Important

Issue of Shares on Preferential Basis

A Company can raise reserves through three methods: (1) Deposits (2) Loans (3) Capital. Under Companies Amendment Act 2017, Company can bring funds or Capital up in three different ways: (1) Private Placement/Preferential Allotment (2) Right Issue (3) Bonus Issue. Let’s discuss  funds raising thr

229 25 Nov, 2020 by Vishal Wason

Important

Procedure for Issue of Employee Stock Option Plan

What Is an Employee Stock Ownership Plan (ESOP)?An ESOP is an employee benefit plan that gives workers ownership interest in the company that is floated by the Company to encourage the employee ownership in the Company. ESOPs give the Employer Company, the selling shareholder, and participants recei

218 25 Nov, 2020 by Vishal Wason