Conversion of
Section 2(37) of the Companies Act, 2013 defines “employees' stock option” to mean the option given to the directors, officers or employees of a company which enables such directors, officers or employee, the benefit or right to purchase or subscribe to the shares of the company at a pre-determined price.
(1) A document may be served on a company or an officer thereof through electronic transmission. (b) that creates a record that is capable of retention, retrieval and review, and which may thereafter be rendered into clearly legible tangible form.
(1) The One Person company shall alter its memorandum and articles by passing a resolution in accordance with sub-section (3) of section 122 of the Act to give effect to the conversion and to make necessary changes incidental thereto.
Every private company which has a paid up share capital of ten crore rupees or more shall have a whole -time company secretary. A company other than a company covered under rule 8 which has a paid up share capital of five crore rupees or more shall have a whole-time company secretary.
(1) A private company other than a company registered under section 8 of the Act having paid up share capital of fifty lakhs rupees or less or and average annual turnover during the relevant period having paid up share capital of fifty lakhs rupees or less and average annual turnover, during the relevant period is two ...
Every individual, who is to be appointed as director of a company shall make an application electronically in Form DIR-3, to the Central Government for the allotment of a Director Identification Number (DIN) along with such fees as provided in the Companies (Registration Offices and Fees) Rules, 2014.
No association or partnership shall be formed, consisting of more than fifty persons for the purpose of carrying on any business that has for its objects the acquisition of gain by the association or partnership or by individual members thereof, unless it is registered as a company under the Act or is formed under any ...
Rule 4 mandated physical meetings to discuss and approve the matters related to the approval of the annual financial statements; the approval of the Board's report; the approval of the prospectus; the Audit Committee Meetings for consideration of financial statement including consolidated financial statement if any; ...
- (1) The following class of companies shall be required to appoint an internal auditor 1 [ which may be either an individual or a partnership firm or a body corporate ], namely:- (a) every listed company; (b) every unlisted public company having- (i) paid up share capital of fifty crore rupees or more during the ...
(1) The subscriber to the memorandum of a One Person Company shall nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber's death or his incapacity to contract, become the member of that One Person Company.
— Any aggrieved party may file an appeal against the order of the Registrar of Companies refusing to register any circular under sub-section (2) of section 238 of the Act and the said appeal shall be in the Form No. NCLT.
The new Rule 11(g) requires auditors to report on the use of accounting software by the company for maintaining its books of account which has a feature of recording an audit trail. This Rule casts an onerous responsibility on auditors as the scope of reporting under this Rule is very wide.
(1) All of the shares of any particular class authorised by a company have preferences, rights, limitations and other terms that are identical to those of other shares of the same class.
Section 36(1)(a) of the Companies Act 71 of 2008 (“the Act”) provides that a company's Memorandum of Incorporation (MoI) must set out the classes of shares and the number of shares in each class.
The particulars of each person mentioned in the articles as first director of the company and his interest in other firms or bodies corporate along with his consent to act as director of the company shall be filed in Form No. DIR.
As per Rule 8A: appointment of a company secretary is made by every company other than a company covered under Rule 8 having paid up share capital of % Crore or more is required to appoint a whole-time company secretary.
(a) shall be eligible to incorporate a One Person Company; (b) shall be a nominee for the sole member of a One Person Company.
(1) The books of account and other relevant books and papers maintained in electronic mode shall remain accessible in India, at all times accessible in India so as to be usable for subsequent reference.
MCA amends Rule 14 of Companies (Appointment & Qualification of Directors) Rules, 2014. Every director shall inform to the company concerned about his disqualification under sub-section (2) of section 164, if any, in Form DIR-8 before he is appointed or re-appointed.
1) Rule 16 which states “Return of deposits to be filed with the Registrar” has been amended to say that the auditor of the company has to submit a declaration in form DPT-3 while filing a return. 3) Particulars of Form DPT-4 have been amended and have been substituted with new form DPT-4.
Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.
Section 12(1) of the Companies Act, 2013 states that a company shall have a registered office within thirty days of its incorporation which can receive and acknowledge all communications and notices.
Provided that in case pursuing of any of the objects of a company requires registration or approval from sectoral regulators such as Reserve Bank of India, Securities and Exchange Board, registration or approval, as the case may be, from such regulator shall be obtained by the company before pursuing such objects and a ...
11.1. 15-Companies (Appointment and Qualification of Directors) Rules,2014. The company shall within thirty days from the date of receipt of notice of resignation from a director, intimate the Registrar in Form DIR- 12 and post the information on its website, if any.