Companies Act 2013
Declaration Of Dividend As Per Companies Act 2013
What is Dividend? Section 2(35) of the Companies Act, 2013 defines the word ‘Dividend’ as ‘including any interim dividend’. In easy terms, it can be defined as the portion of profits that are distributed by the Company amongst its shareholders. It can be paid to Equity shareholders as well as preference shareholders. If the dividend […]
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Rithik Khare
December 22, 2023 at 06:08 AM
NOMINATION and REMUNERATION COMMITTEE -SECTION 178
Remuneration paid to administration is frequently a point of controversy between shareholders and management because shareholders don’t get to see the company’s performance until the financial statements are presented to them at the annual general meeting, and it is at that meeting that they are supposed to review and approve the remuneration to be paid […]
#act 2013#committee#companies act 2013#Company#company law#NOMINATION#quorum#REMUNERATION#section 178
Harshit Jain
December 22, 2023 at 06:05 AM
Maximum managerial Remuneration as per Companies Act 2013
INTRODUCTION: This provision talks about the managerial remuneration of the management of the company. This Section applies to every public company but not to private companies. What is ‘Remuneration’ “Remuneration” refers to any money or its equivalent paid to a person in exchange for services done, as well as the perquisites included in the 1961 […]
Akshat Srivastava
December 22, 2023 at 05:57 AM
Section 186 Of The Companies Act 2013
What is Section 186 of the Companies Act 2013? Section 186 of the Companies Act, 2013 deals with the Loans and Investments by a Company. Section 186(1) of the Act states that a Company shall invest in not more than two layers of investment companies. ‘layer’ concerning a holding company means its subsidiary or subsidiaries […]
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Akshat Srivastava
December 22, 2023 at 05:52 AM
Section 160 Of The Companies Act 2013
Right of Persons other than Retiring Director to Stand for Directorship A. Who are Eligible to Give Notice under Section 160? Any individual who is not a retiring director is eligible for appointment as a director at any General Meeting (GM) of the company. This will apply only if any directors are appointed in a […]
Aesha Gandhi
December 19, 2023 at 08:15 AM
Director Identification Number (DIN) – Sections 153 to 159
What is Director Identification Number (DIN)? Director Identification Number (DIN) is an identification number given by the central government to an individual who wishes to be appointed as a director in any company. DIN once allotted shall be valid for a lifetime. Usage of DIN
#DIN#Director Identification Number#section 159#Sections#Sections 153
Akshat Srivastava
December 19, 2023 at 08:10 AM
Section 141 & 145 Of Companies Act, 2013
An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Section 141 of the Companies Act 2013 [Auditor Eligibility, Qualification, and Disqualifications] Who can be appointed […]
Aryan Mohanty
December 19, 2023 at 08:04 AM
Internal Audit Under Section 138 Of Companies Act 2013
What is an Internal Audit? Internal audit refers to an independent service to evaluate an organisation’s internal controls, its corporate practices, processes, and methods. An internal audit helps in securing compliance with the various laws applicable to an organisation. Section 138 of the companies act deals with the same, i.e., Internal Auditing. And states about […]
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Gayathri Madhu
December 19, 2023 at 08:01 AM
Section 137 Of Companies Act 2013 – Filing Of Financial Statement
Filing of Financial Statements 1) Adopted Financial Statements A copy of the financial statements that are duly adopted at the Annual General Meeting (AGM) of the company has to be filed with the Registrar of Companies (ROC) within 30 days in such manner, with such fees or additional fees as may be prescribed within the […]
#companies act 2013#Filing Of Financial Statement#Financial Statement#Section 137#Section 137 Of Companies Act 2013
Jain Saloni
December 19, 2023 at 08:00 AM
Investor Education And Protection Fund (IEPF) – Administration, Objectives & Utilization
Investor Education and Protection Fund or IEPF was initially a fund set up under Section 205C of the Companies Act, 1956. Now it is set up under Section 125 of the Companies Act, 2013. It is a fund set up to pool in all the dividends of the Asset Management Companies, matured deposits, share application […]
Alka Pranjal
December 19, 2023 at 07:54 AM