Companies Act 2013
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
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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
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
Unpaid Dividend Account – Sec. 124 Of Companies Act 2013
In general, a dividend is a portion of a company’s earnings that is delivered to its shareholders. A dividend is defined as a specified proportion of profit from a company’s net profit for a financial year that is not held in the firm and has been distributed among the company’s shareholders under Section 2 (35) […]
Vaswani Nishtha
December 19, 2023 at 07:53 AM
Section 119 Of Companies Act 2013 – Inspection Of Minutes Book
Section 119: Inspection of Minutes Book of General Meeting Under the Companies Act of 2013, a company is a legal entity that has been incorporated through the proper process of company registration. The company’s affairs are managed by the board of directors, which serves as the company’s governing body. Many statutory powers and rights are […]
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Jain Saloni
December 19, 2023 at 07:41 AM
Minutes Of the Meeting In Company Law: Section 118 and 119
What are the Minutes of the Meeting? Section 118 of the Companies acts 2013 deals with the Minutes of the meetings of the company. The term ‘Minutes’ means the official record of the meetings of a company. These are the summary of business transacted, decisions, and the resolutions arrived at the meeting. Minutes are like […]
Akshat Srivastava
December 19, 2023 at 07:38 AM
Section 113 Of The Companies Act, 2013
Representation of corporations at meetings of companies and of creditors Section 113 of the Companies Act 2013 states the representation of corporations at meetings of companies and of creditors. According to the section: (1) A body corporate, whether a company within the meaning of this Act or not, may,— (a) If it is a member […]
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Aesha Gandhi
December 19, 2023 at 07:35 AM
Types Of Voting Under Companies Act, 2013
1. SECTION 107 – VOTING BY SHOW OF HANDS At any general meeting, a resolution put to the vote of the meeting shall, unless a poll is demanded under section 109 of the Companies Act 2013, of the voting is carried out electronically, be decided on a show of hands. A declaration by the Chairman […]
Vaswani Nishtha
December 19, 2023 at 07:33 AM