Section 188- Related Party Transactions
As we all know that with the increase in the participation of various stakeholders in daily transactions of the company the government and the companies are taking many steps to…
FRANKING (A WAY TO MAKE A DOCUMENT LEGAL)
What is Franking? If you have to make a document legally binding, you will need to pay stamp duty charges. Franking is one of the ways of paying stamp duty.…
COMPANIES ACT vs SEBI LAWS- COMPARISION
Here is a comparison chart for Companies Act vs Sebi Laws: TOPICCOMPANIES ACT, 2013 SEBI LAWSMinimum number of directors on the board.Public Company: 3 Private Company: 2 Regulation 17(1)(c): …
Form PAS-6 (Reconciliation of Share Capital Audit Report on half yearly basis) and It’s Applicability
Purpose Reconciliation of Share Capital Audit Report on half yearly basis. Provisions Pursuant to Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 as amended vide Companies (Prospectus…
NIDHI COMPANY- INTRODUCTION
Introduction Nidhi Company is a company registered under the Companies Act, 2013, which is incorporated with a sole objective of encouraging and cultivating the habit of savings amongst its members.…
CONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY
PROCEDURE FOR CONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY (Section 13 and 14 of the Companies Act Read with Rule 41 of Companies (Incorporation) Rules, 2014) Step-1 Hold a Board…
Conversion of Partnership firm/LLP into Company
What is Partnership Firm/LLP? A partnership firm is an organization which is formed with two or more persons to run a business with a view to earn profit. Each member…
COMPLIANCES UNDER SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS), REGULATIONS, 2011
COMPLIANCES UNDER SEBI (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS), REGULATIONS, 2011 SR.NO REGULATION REFERENCE TIMELINE 1Regulation 30(1)Every person, who together with persons acting in concert with him, holds shares or voting…
VOLUNTARY LIQUIDATION OF COMPANIES AS PER INSOLVENCY AND BANKRUPTCY CODE, 2016
After the introduction of Insolvency and Bankruptcy Code, 2016, the provisions of voluntary winding up have been removed from the Companies Act, 2013. Section 59 of the IBC, 2016deals with…
ACQUISITION OF NON BANKING FINANCIAL COMPANY (NBFC)
What is NBFC takeover? NBFC stands for Non-Banking Financial Company registered under the Companies Act. Its main business activity is giving loans and advances, assets financing, investing in shares, debentures…