The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’) apply to all registered companies that have designated securities listed on acknowledged stock exchanges. Regulation 5 of the SEBI LODR norms impose a general compliance obligation on the listed entity to ensure that key managerial personnel, directors, promoters, or…
Form MGT 14 was presented in the Companies Act of 2013 with the objective of documenting specific goals with the Registrar of Companies. Such resolutions should be filed after the death of the equivalent at the meeting held by the Board/Shareholders/Creditors of the company. This article takes a gander at the resolutions to be filed…
A property title search is really important as a property’s value is estimated through its title. It should be free from any encumbrance; a defective titled property holds no value. Before investing your money in real estate always scrutinize that the title of the property is clear. A marketable title can be acquired when the…
According to general practises, every company is required to prepare the annual return extract in Form MGT-9 before preparing the actual Annual Return in E-form MGT-7, which is submitted to ROC within 60 days of the AGM. The Form MGT-9 is an extract from the annual return that contains the following information about the company…
The companies acquire funding through the mode of ‘deposits’. The company’s directors not willing to dilute their stake may choose for deposits from the public at large. The Companies Act, 2013 (Act), Section(s) 73 to 76 read with Rules made under Chapter V of the Act, regulate the invitation and acceptance of deposits. Table of contents Introduction…
Electronic Form (E-Form) PAS-3 is needed to be filed as per the Companies Act, 2013, Section 39(4) and 42(9) and Rule 12 and 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014. We shall discuss the provisions in detail in this article and shall also discuss the return of allotment of PAS-3. Table of contents…
The Companies Act, 2013 has revolutionized the rules of business in our country by introducing several new concepts that were previously unavailable. One such change was the introduction of the One-Person Company concept. This has led to the recognition of a completely new way of starting businesses that allows for flexibility while providing limited liability…
The company is a separate legal entity and it is recognized with the legal name from which they can operate its business and can create an identity in the marketplace. The name of the company is defined under Section 4 of the companies Act, 2013 under Name Clause of Memorandum of Association of the Company….
The Ministry of Corporate affairs (MCA) have also undertaken the process of KYC which means “Know your customer” of DIN holders as like all banks and financial institutions know their client’s identity by verifying their personal details like Mobile number, E-mail Id, PAN, Passport. In the process of DIR-3 KYC the details of Directors having…
The Board of Directors and supervisory group ought to concede to a rundown of key choices that require Board assent. Choices like an endorsement of spending plans, capital raising, enormous capital consumption things, dispatch of new product offerings, and recruiting of senior administration and remuneration arrangements are instances of such choices. The objective is to…