Companies Act 2013
COMPANIES ACT 2013: ACCEPTANCE OF DEPOSITS FROM THE PUBLIC BY CERTAIN COMPANIES AND PUNISHMENT
ACKNOWLEDGEMENT OF DEPOSITS: Deposits are one of the options open to the company for raising funds to meet its short-term and long-term funding needs. The invitation and acceptance of deposits are governed by Section 73 to 76 of the Companies Act 2013 (hereafter referred to as the Act) and Rules adopted under Chapter V of […]
Jain Saloni
December 18, 2023 at 10:36 AM
Section 165 Of Companies Act 2013: Number Of Directorships
The Act lays down the provisions regarding the appointment, rights, and duties of the directors. Any person appointed as a director of a company has the freedom to be a director in another company. However, Section 165 of the Companies Act 2013 states the provisions relating to the number of directorships a person can hold […]
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Gayathri Madhu
December 18, 2023 at 10:34 AM
Section 132 Of Companies Act 2013: National Financial Reporting Authority (NFRA)
What is NFRA? The National Financial Reporting Authority (NFRA) is an independent organization constituted under Section 132 of the Companies Act of 2013. This authority was brought into effect on October 1, 2018, and it has been in operation since then. Section 132: Constitution of National Financial Reporting Authority The Central Government may, by notification, […]
Divyanshita Singh
December 18, 2023 at 10:32 AM
Section 96 of Companies Act 2013
Section 96 of Companies Act,. Annual general meeting “(1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall […]
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Vaibhav Bhatt
December 18, 2023 at 10:29 AM
Section 201 of Companies Act, 2013 – Forms of, and Procedure in Relation to, Certain Applications
Section 201 of the Companies Act, 2013 will be applicable from the 12th of September 2018. Section 201 of the Companies Act, 2013, is as amended by the Companies (Amendment) Act, 2017. (1) Any application made to the Central Government under Section 196 of this Chapter must be made in the form prescribed in Form […]
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Gayathri Madhu
December 18, 2023 at 10:26 AM
Section 333 of Companies Act 2013
Companies (Winding-up) Rules, 2020 The Companies (Winding-up) Rules, 2020 were published by the Ministry of Corporate Affairs in 2020. While the Insolvency and Bankruptcy Code, 2016 covers ‘voluntary winding up’ and ‘winding up on the grounds of inability to pay debts,’ the Winding Up Rules outline the procedure for winding up following Section 271 of […]
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Harmehak Kaur Anand
December 18, 2023 at 10:25 AM
Section 277 Of Companies Act 2013
Section 277: Intimation to Company Liquidator, provisional liquidator, and Registrar Once the Tribunal passes an order, either interim order or final winding-up order, then the information is disseminated to the Company Liquidator or Provisional Liquidator or the Registrar of the company. Note: The order shall be intimated within 7 days from the date of passing […]
Harshit Jain
December 18, 2023 at 10:20 AM
Corporate Social Responsibility Under Section 135 of Companies Act 2013
What is CSR? Corporate social responsibility (CSR), refers to a company’s attempts to better society in some way. These initiatives can range from monetary donations to the implementation of ecologically friendly workplace rules. It is stated under Sec. 135 of the Indian Companies Act 2013. It is a commitment of a company to manage the […]
#corporate social responsibility#CSR#social responsibility
Jain Saloni
December 18, 2023 at 10:17 AM
Section 399 of Companies Act 2013: Inspection, Production and Evidence Of Documents
What is Registrar of Companies (ROC)? The Registrar of Companies (ROC) is an office under the Ministry of Corporate Affairs (MCA), which is the body that deals with the administration of companies and Limited Liability Partnerships in India. At present, 25 Registrar Companies (ROCs) is operating in all the major states/ UTs. However, states like […]
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June Jashivya
December 18, 2023 at 10:16 AM
Section 464 of the Companies Act: Prohibition of association or partnership of persons
(1) No association or partnership consisting of more than such number of persons as may be prescribed shall be formed for the purpose of carrying on any business that has for its object the acquisition of gain by the association or partnership or by the individual members thereof, unless it is registered as a company […]
Swagata Pramanik
December 18, 2023 at 10:14 AM