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Provision:As per 196(3) No company shall appoint or continue the employment of any person as managing director, whole-time director or manager who is below the age to twenty-one years or has attained the age of seventy years:Provided that appointment
Financial fraud is a phenomenon that haunts everyone alike. Not only does it mean loss of an asset for the one who has been at the receiving end of a fraud, it has the capability of shaking the roots of
In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, , it can make an application to the Registrar of Companies for declaring the company as defunct and removing t
Provision: As per Section 123(5) of Companies Act, 2013 Dividend not be payable except in cash.Dividend: Section 2(35) of the Companies Act, 2013 simply states that "Dividend Includes Any Interim Dividend&
Amendment Provisions Loan to Director: New Section 185 (1) � Any director of Company, or of a Company which is its Holding Company or
Proposed recommendations of The Companies Law Committee for Deposits under Companies Act, 2013Definition of Deposit:The Committee considered the suggestion for making the definition of deposit less restrictive, but felt that adequate prescriptive pow
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)RegulationDUTY TO DISSEMINATION ON WEBSITE: (Regulation 92)INFO TO BE PUBLISHED: Recognized Stock Exchange upon receipt of the following below mentions from
As we are aware that on 1stFebruary 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website. In this post, we will discuss recommendations of the committee related to Small Companies / Private Limited Compan
Brief background:The compounding provision in the Act were inserted by the Companies Amendment Act, 1988 on the recommendation of the 1SACHAR COMMITTEE as amended by the Companies (Amendment) Act, 2000. It was felt that leniency is required in the ad
Series- 119 PROCESS OF CONDONATION OF DELAY IN CREATION/MODIFICAITON/SATISFACTION OF CHARGECHARGE:Section 77 states that Companies are required to register ALL TYPES OF CHARGES, with ROC within 30 days of
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