Companies Act 2013
Section 191 Of Companies Act 2013 – Payment To Director For Loss Of Office
One of the most important aspects of corporate governance is contracts with directors. Many corporate failures can be traced back to contracts involving directors that are inconsistent with directors’ fiduciary responsibilities. Payment to directors for loss of office (section 191) – No director of a company shall, in connection with— (a) the transfer of the […]
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Arpita Maharana
December 15, 2023 at 10:41 AM
Section 33B of the Income Tax Act, 1961 – Rehabilitation allowance
Note 1: For the purpose of this section, “industrial undertaking” refers to any undertaking whose primary activity is the generation or distribution of electricity or any other type of power, the construction of ships, the manufacturing or processing of goods, or mining. Section 33B of the Income Tax Act, 1961 provides for rehabilitation allowance in […]
Swagata Pramanik
December 15, 2023 at 10:39 AM
Section 206 Of Companies Act, 2013
As per the provisions of Section 206 of the Companies Act, 2013, the Registrar may require any company to furnish information or explanation or produce any document, if after scrutinizing any document or receiving any information, he feels that such documents are necessary. The Registrar may also inform the company of facts, seek its reply […]
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Aesha Gandhi
December 15, 2023 at 10:36 AM
Section 52 of Companies Act 2013
Section 52 of Companies Act. Application of premiums received on issue of shares. “(1) Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on those shares shall be transferred to a “securities premium account” and the provisions of this Act […]
Aayush Aman
December 15, 2023 at 10:32 AM
Who Can Be Appointed as a Director Under Section 152?
A company’s Board of Directors appoints a director to manage its affairs under Section 2(34) of the Companies Act, 2013. Directors play a central role in: They also ensure that the company complies with laws, protects shareholder interests, and achieves its business objectives. Section 152 of Companies Act 2013 governs the appointment, tenure, and eligibility […]
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Yashika Thakran
December 15, 2023 at 10:30 AM
Board Meetings In Company Law: Section 173 Of Companies Act 2013
A Board Meeting is a formal meeting of the board of directors of an organization and any invited guests, held at definite intervals and as needed to review performance, consider policy issues, address major problems and perform the legal business of the board. Why are Board Meetings Held? The Board is also responsible for managing […]
#AGM#board meetings#companies act 2013#company law#corporate law#section 173 - CA2013
Divyanshita Singh
December 15, 2023 at 10:29 AM
Section 242 Of Companies Act 2013: Powers Of Tribunal
Tribunals are special judicial bodies established to deal with matters related to company law in order to make effective and prompt decisions. Section 242 of the Companies Act 2013 relates to the powers of the Tribunal, which have been reviewed and explained for your kind review. Powers of the Tribunal The first power conferred upon […]
Alka Pranjal
December 15, 2023 at 09:58 AM
Section 27 of Companies Act 2013
Section 27 of Companies Act 2013. Variation in terms of contract or objects in prospectus. (1) A company shall not, at any time, vary the terms of a contract referred to in the prospectus or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority given […]
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Suvarna Satpute
December 15, 2023 at 09:49 AM
Section 174 Of Companies Act 2013: Quorum For Board Meeting
Section 174- Companies Act 2013 : Quorum for General Meeting In the general sense, Quorum means the minimum number of people needed to hold meetings or make decisions during specific company meetings. The quorum is often considered the majority of members within a group or organization. What is a Quorum? [sec-103] ‘Quorum’ means the minimum […]
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June Jashivya
December 15, 2023 at 09:46 AM
Section 236 Of Companies Act 2013: Purchase Of Minority Shareholding
Section 236 talks about the purchase of minority shareholding by the majority shareholding it says that if an acquirer has ninety percent or more of the issued equity share capital of the company, he can make an offer to the company by a notification to purchase the remaining shares. Thoroughly reading of this provision gives […]
Tanish Karuia
December 15, 2023 at 09:45 AM