Corporate Law Articles

Related Party Transactions under New Regime

CA Ankit mangla 04 September 2014 at 11:24

Requirement of the Companies Act, 2013A. Following are the Related parties as per section 2(76) i. Director / Key Managerial Personnel and their Relativesii. Firm in which Director or Manager or relative is a partneriii. Private limited company, in w

Guidelines for selection of Name of the Company

Ankur Garg 03 September 2014 at 11:35

Name of the company is an important part of its identity just like in case of Individuals. Selection of Name of the Company is one of the first steps towards incorporation of a Company under Companies Act, 2013. Various new provisions have been intro

Disclosure of Interest by Directors u/s 184 of Cos Act,2013

CS M.Kurtrala Nathan 02 September 2014 at 11:10

Section 184 of the Companies Act,2013 read with Rule 9 of the Companies (Meetings of Board and its Powers)Rules,2014 deals with Disclosure of Interest by Directors. Disclosure of Interest of by director in any firm or body Corporate: Every director

Provisions for Appointment of director by small shareholders

Ankur Garg 02 September 2014 at 11:10

Dear Professional Colleagues, In this article we shall discuss the provisions related to appointment of director elected by small shareholders. This is not a new concept as it was also there in erstwhile Companies Act, 1956 to protect the interests o

Corporate Board Resolutions in Companies Act, 2013 Part - 2

Ankur Garg 02 September 2014 at 11:09

Dear Professional Colleagues, Board resolutions are an important part of Indian Secretarial System. All the powers available to the board can be exercised through a board resolution. Further it is very important to draft the resolution in precise and

Resolutions to be passed to reduce filing fees of MGT14

CA Nitesh Kumar More 30 August 2014 at 13:01

RESOLUTIONS TO BE PASSED TO REDUCE FILLING FEES OF MGT14 of small & medium size companies, if draft exemption is not passed in parliament 1) First board meetings of small & medium size companies should pass resolutions in respect of following

Procedure for change in Bank Acc Signatory of a Co

Ankur Garg 30 August 2014 at 11:03

In my previous article Procedure and documentation for opening of Company Bank Account we had discussed about the basic procedure for opening of Company Bank Account along with 2 sample board resolutions for opening of Company Bank Acco

Draft Board resolutions to be passed in first board meeting

CA Nitesh Kumar More 29 August 2014 at 10:37

Note: if you are required to file DPT4 , a resolution should be passed authorizing a director to file DPT4. Such approval can be in either First Board meeting or in subsequent board meeting. Similar requirement is for the granting or borrow of Loan o

Procedure for change in name of the company under CA 2013

Ankur Garg 29 August 2014 at 10:36

Dear Professional Colleague, A companys name is considered as identity of the company (Public or Private), which may be changed with the approval of members in the general meeting. According to section 13(1) of the Companies Act, 2013, a speci

Procedure and documentation for opening of Co Bank Acc

Ankur Garg 28 August 2014 at 10:51

Dear professional Colleagues, Opening of Company Bank Account is not a very long and tedious task as most of the work performed by Bank officials. Answer of few questions to be decided by the company before proceeding towards opening of bank account.