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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 […]
Meaning of a Prospectus – The prospectus is an official document issued by a public company to invite general offers for subscribing to its shares. It contains all of the vital information about the shares that a company sells to the public. Furthermore, it is frequently used to assist investors in making financial selections. What […]
What is a Notice of Meeting? The notice means a written invitation to the persons concerned to attend the meeting. A Notice of the meeting is a letter informing members or directors of a company of an upcoming meeting. Preparing and giving notice is an essential requirement for a valid meeting. If the officer fails […]
In this article, we are going to explore the concept of Bonus Shares and Section 63 of the Companies Act 2013, In which they are being dealt with. Before understanding the concept of Bonus Shares, Let’s recall about Shares, A ‘Share’ is a part/share in a company’s capital. Or In other words, A share is […]
Introduction This article discusses the offences by Officers of Companies in Liquidation and the discipline set down under Section 336 of the Companies Act, 2013. This section ensures that the liquidation pattern of the association moves along true to form, and the directors don’t forestall the cycle in that frame of mind by committing offences […]
*28. (1) Where certain members of a company propose, in consultation with the Board of Directors to offer, in accordance with the provisions of any law for the time being in force, whole or part of their holding of shares to the public, they may do so in accordance with such procedure as may be […]
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 […]
The quorum for a board meeting under Section 174 of the Companies Act, 2013, is one-third of the total strength of directors in office, or two directors, whichever is higher. Directors attending via video conferencing or audio-visual means count toward the quorum. Without a valid quorum, any resolution passed at the meeting is legally invalid […]
Section 16 of the Companies Act, 2013 talks about the Rectification of the name of a Company. If, through inadvertence or otherwise, a company on its first registration or on its registration by a new name, is registered by a name which, — (a) in the opinion of the Central Government, is identical with or […]
A prospectus of a company under Company Law is a document issued by the company inviting the public and investors to subscribe to its securities. A prospectus also helps in informing the investors about the risk of investing in the company. The Prospectus is required to be issued only after the company incorporation. These documents […]