Law Reference: Sec. 96 of the CA’2013 provides that every Company other than OPC (One Person Company) shall in each year hold an AGM of its shareholders. Frequency AGM: Not more than 15 months shall elapse between the date of One AGM of the company and that of the next. Provided that First AGM of […]
Read More →LLP (Limited Liability Partnership) is the hybrid form of Partnership Firm and Company, which is governed by the Limited Liability Partnership Act, 2008. Unlike Partnership Firm it has to inform Registrar of Companies and to other Departments, time after time. Besides other reporting, LLP is required to file certain reports on due date basis. Let’s […]
Read More →Earlier the benami transactions are defined as a “transaction where a property is held by or transferred to a person, but has been provided for or paid by another person”. This Act has amended this definition by to add other transactions which qualify as benami, such as property transactions or arrangement where: where a property […]
Read More →Meaning: As per section 406 of Companies Act 2013 ,“Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit ,and which complies with such rules as are […]
Read More →Compliance Description Events Periodicity Applicability/ Compliance Activity Exemption Penal Provision The Legal Metrology Act, 2009 & Legal Metrology (Packaged Commodities) Rules, 2011, Legal Metrology (General) Rules, 2011, Legal Metrology (Numeration) Rules, 2011 To establish and enforce Standards of Weights and Measures, regulate trade and commerce in weights, measures and other goods which are […]
Read More →Meaning: As per sec 465(1)of companies Act ,2013,Producer Company is a group of people engaged in the production of primary produce and body corporate having its objects and activities as specified in section 581 B of companies Act,1956 “Primary produce” means – (1) produce of farmers, arising from agriculture (including animal husbandry, horticulture, floriculture, pisciculture, […]
Read More →Einstein is quoted as having said that if he had one hour to save the world he would spend fifty-five minutes defining the problem and only five minutes finding the solution. Same theory of Einstein goes well in the corporate world we work in. Penalties and prosecutions levied under various acts can be avoided only […]
Read More →7 things to do to check the legal aspects of a property for it’s transaction on your own. Checking on the legal aspects of a property is easy. Simply make a note of these points and keep ticking them as you check them: Insist on seeing the original documents: There’s a lot of scope for foul […]
Read More →The Ministry of Corporate Affairs (MCA), has vide Notification no. S.O. 1932(E) dated 01.06.2016 notified constitution of National Company Law Tribunal by Central Government, to exercise and discharge the powers and functions as are, or may be, conferred on it by or under the Companies Act, 2013 with effect from the 1st day of June, […]
Read More →S. No. Point of Differences Right Issue (Equity Shares& Preference Shares) Private Placement (Securities) Preferential issue (Securities) 1. Definition When issue of equity/preferenceshares is made by an issuer to its existing equity shareholders in a ratio to the number of shares held as on the date of Board Meeting it is called a right issue. […]
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