Companies Act 2013
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 […]
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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
Section 232 Of Companies Act 2013: Procedure For Merger and Amalgamation
Amalgamation is the process in which two or more companies unite or blend together into one. In this process, the shareholders will hold blended undertakings of both companies. Merger is a form of amalgamation where all the properties and liabilities of the transferor company get merged with the properties and liabilities of the transferee company […]
Shubham Mishra
December 18, 2023 at 10:11 AM
Section 213 Of Companies Act 2013: Investigation Into Company’s Affairs In Other Cases
The process of inspection, inquiry, and investigation of the affairs of the companies are dealt with within chapter XIV of the Companies Act, 2013. (ACT) In the companies act four provisions deal with the investigation of the company’s affairs, although these four sections (210, 212, 213, 216) run parallelly, they are interlinked at one of […]
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Harmehak Kaur Anand
December 18, 2023 at 10:08 AM
Section 102 Of Companies Act 2013: Statement To Be Annexed To Notice
What is an Explanatory Statement? An explanatory statement is a statement that sets out all such material facts and information that would enable a member to understand the meaning, scope, implications, and repercussions of the item of business to be transacted at the meeting and to take a decision thereon. Each item of special business […]
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Tanish Karuia
December 18, 2023 at 10:04 AM
Section 230 Of Companies Act, 2013
Compromise and arrangement Compromise means a peaceful settlement of differences by mutual compromise by the parties in dispute. Arrangement means a modification of rights. Such readjustment of rights may be with members or class of them or creditors or class of them. It can include the reorganization of capital. Section 230 of the Companies Act […]
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Yashika Thakran
December 18, 2023 at 10:02 AM
Maintenance and inspection of documents in electronic form (Sec 120)
Maintenance and inspection of documents in electronic form (Sec 120) Section 120 of the Companies Act, 2013 (the Act) allows for the electronic storage of documents. The provisions also allow for the inspection of electronic documents. It states that any document, record, register, minutes, or other item required to be kept by a company or […]
Gayathri Madhu
December 18, 2023 at 10:01 AM
Section 60 Of Companies Act 2013: Publication Of Share Capital
COMPANIES ACT 2013: SECTION 60 – PUBLICATION OF SHARE CAPITAL Section 60 of Companies Act 2013 provides for compulsory publication of subscribed as well as paid-up capital in the company’s financial statements and other key documents, which mentions the authorised capital . If default is made, the company shall be punishable with penalty which may […]
Amrit P Mishra
December 18, 2023 at 08:30 AM
Section 451- Punishment in Case of Repeated Default
Section 451 of the Companies Act, 2013 talks about repeated defaults by the company or any officer of the company. As per the said section, if any company or any of its officers commits any crime and is punishable with fine or imprisonment or both and where that company or officer, as the case may […]
Harshit Jain
December 18, 2023 at 08:16 AM