When a shareholder loses his or her share certificate, the shareholder and the corporation in which he or she owned shares may suffer significant financial losses. Under Section 46 of the Companies Act, 2013, and Rule 6(2) (a) to (c) of the Companies (Share Capital and Debentures) Rules, 2014, duplicate share certificates can be issued…
The Annual General Meeting (AGM) is a crucial governance process for an organization’s members. It can provide transparency, provide updates, and allow members to vote on a variety of topics. The Companies Act of 2013 contains provisions for the compounding of annual general meetings (AGMs). A meeting is defined as “a gathering of people for…
The structure of a Nidhi Company registration in Rajasthan is that of a non-banking financial company. Nidhi Company registration enables a Nidhi to borrow money from its members and then lend it back to them. Nidhi Companies, which are founded in Rajasthan, are established to encourage members to save and deposit. This Company will always…
Borrowing cash is an important way for a firm to generate finance for large-scale initiatives and corporate expansion. Corporate borrowings are loans received by a firm by putting a charge on its assets as security to the lender. In this article, we will be discussing Charges and Charges under Section 77 to 87 of the…
In India, any employee receives pay after the company deducts a specified amount as PF (Provident Fund). The Employees’ Provident Fund (EPF) is one of the most important programs for employees to create a substantial retirement fund. The Employees’ Provident Fund (EPF) was established in 1952 for the benefit of employees. The EPF Act of 1952 governs…
On January 22, 2019, the Ministry of Corporate Affairs (MCA) issued a notification requiring certain corporations with outstanding dues to MSME enterprises to file Form MSME-1, including the ROC detailing all current outstanding dues (Registrar of Companies). Although many of you wonder and have various queries regarding ‘What Transactions to be mentioned in E-form MSME-1?’…
Every company must file the MSME Form I as a half-yearly return by October 31st, effective for the months of April to September, and again by April 30th, effective for the months of October to March each year, referring to outstanding payments to MSMEs. The MSME I Form is used to give information to the…
The right to partake in a company’s performance, income, and assets come with becoming a shareholder. Many shareholders, however, are unread of their rights. This right, which is held by everyone, has an impact on the company’s management, pre-emptive rights to freshly issued shares, and general meeting voting rights. The share capital of a firm…
A firm is a separate legal entity that does not have its own physical existence and so only operates through natural individuals. Directors are a group of professionals recruited by a firm to help it optimize its operations. Directors are held to a fiduciary standard when it comes to the company’s operations. The Companies Act…
Every business aims to hire high-calibre employees who can work efficiently to maximize revenues. A Company Secretary is assigned to function at various management levels, maintaining corporate governance and seamless administration of the company, in accordance with this method. As a multidisciplinary profession, they have a variety of responsibilities that must carry out in a…