Every Company is required to maintain statutory records in the form of registers, minutes etc. throughout its life. Companies under the old Act were maintaining the same in physical form, however Companies Act, 2013 has changed the picture totally for
Issuing shares with differential rights has become more prescriptive and restrictive in Companies Act, 2013.New startups may find it difficult to meet the precondition of consistent track record of distributable profits for last 3 years. Voting Rights when there are
[slideshare id=33805419&style=border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px; max-width: 100%;&sc=no] Author - Geetika Chandel, Associate with NovoJuris. Disclaimer: There are many details that the Act prescribes, please speak with your attorney for advice. This is not a legal opinion
Companies Act 2013 has increased monetary penalties and imprisonment. The civil and criminal liabilities are not just on directors but includes “Officers in Default”. There is heightened corporate governance requirements even for startups and unlisted companies, even though there
If the issuance of security is for a select group of people, called Private Placement, please refer to our post here. If you wish to issue shares to existing equity shareholders, then read on. When a company proposes to increase
Accelerate ac·cel·er·ate (ăk-sĕl′ə-rāt′) ac·cel·er·at·ed, ac·cel·er·at·ing, ac·cel·er·ates means to increase the speed of, cause to occur sooner than expected, cause to develop or progress more quickly, to move or act faster, Physics: to change the velocity of In 2008, a speaker at one of the
With the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 coming into force from December 2013, all organizations (yes, all) should have a policy on sexual harassment and also have a committee to redress the same. Please
Checklist of applicable sections for a private limited company, under the new Companies Act, 2013. [slideshare id=32538988&sc=no] Author : Geetika Chandel – a Company Secretary; manages Compliances at NovoJuris. She loves making graffitis. Disclaimer: This is not a legal opinion
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