May 11, 2014     by CS Samrish Bhanja
Postal ballot means voting by post or through any electronic mode.(Sec2(65) of the CA 2013) Earlier, Section 192A of the Companies Act, 1956, read with the Companies (Passing of the  Resolution by Postal Ballot) Rules, 2001 (the Rules) obligated the listed companies to conduct....
April 30, 2014     by CS Smriti Sharma
Please note that as per Section 2(52), “listed company” means a company which has any of its securities listed on any recognised stock exchange. This means that a Private Limited company which has its Debentures listed shall also be deemed to be a listed company for the....
April 11, 2014     by CS Samrish Bhanja
We updated earlier about the correction in the letter head of the Company in order to comply with the requirement of the Companies Act, 2013. Another thing the company has to be careful about is Disclosure of Director’s interest. Disclosure of Director’s Interest........
April 7, 2014     by CS Samrish Bhanja
In this excerpt, the focus is on disqualification because of non-filing of Balance Sheets and Annual Return or similar such non-compliances (Sec 164(2) of the Companies Act, 2013).. The following persons shall not be eligible to be re-appointed as a director of that company or....
April 4, 2014     by CS Samrish Bhanja
Now, rotation of auditors is mandatory for all listed companies and only those unlisted and private companies which meet the prescribed criteria.. 1. Unlisted Public companies with a paid up share capital of Rs. 10 crore or more; 2. Private Limited companies with a paid up....
April 3, 2014     by CS Samrish Bhanja
Now Private Limited Companies, irrespective of their capital, are not mandatory required to appoint KMP (Key Managerial Personnel). MD, Whole-time Director, CEO, CFO and Company Secretary have been defined in the CA 2013 to be the KMPs of the Company.  Following Companies....
April 1, 2014     by CS Samrish Bhanja
(revised upto August 3, 2016) CIN to be there on Letter Head: The Corporate Identity Number which is a 21 digit number allotted by the Ministry of Corporate Affairs – this needs to be now printed in the company letter heads/ invoices and any other official documents of the....
March 11, 2014     by CS Samrish Bhanja
(Amended upto June 5, 2015)   As you are aware that the Ministry has now enforced 98 sections of the Act vide notification dated September 12, 2013. The said sections have come into effect from September 12, 2013. One of the enforced provisions is Section 102 dealing with....
February 28, 2014     by Samrish Bhanja and Sonam Malkotia
Important Note: The provisions for transfer of dividend to Investor Education and Protection Fund have been amended w.e.f. 7th September 2016. For latest provisions, see Various Timelines Under the Companies Act, 2013 for IEPF Compliances. Provisions Under the Companies Act,....
January 31, 2014     by Shyam Ramakrishnan
Winding-up / Liquidation is a legal process where a liquidator is appointed to administer an insolvent company’s affairs in order to provide a fair distribution of the Company’s assets to its creditors and members. Liquidators recover assets of the company and distribute the....


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