This document provides an amendment to the Companies Act of 2013 in India. It outlines 22 sections that are being amended or inserted. Some of the key changes include removing the requirement for companies to have a common seal, inserting a new section on punishment for contravention of deposit acceptance rules, amending provisions around reporting of frauds by auditors, and amending rules around related party transactions. The amendments are meant to update and improve various provisions of corporate law in India.
The Companies (Amendment) Bill 2014 was introduced in the Lok Sabha in December 2014 and passed by both houses of Parliament. It amends certain provisions of the Companies Act 2013 related to related party transactions, fraud reporting requirements for auditors, removal of the minimum paid up share capital for companies, penalties for accepting illegal deposits, and removal of the requirement for companies to have a common seal. It aims to ease business regulations for companies.
Latest Companies (Accounts) Amendment Rules, 2016
Greatest relief to Unlisted companies and its auditors - No need to prepare consolidated financial statements. Please refer notification below
The document discusses various sections of the Companies Act, 2013 where the law allows flexibility if a company's articles of association specify otherwise. It highlights sections related to increasing share capital, quorum for meetings, appointment of directors, winding up, and other administrative matters where the articles can modify or replace what is stated in the law. The document emphasizes the importance of a company carefully drafting its articles of association to determine internal policies and procedures.
The President of India has given its assent to the Companies (Amendment) Bill, 2019, which further amends the Companies Act, 2013 (the Act). The Companies (Amendment) Bill, 2019 has been now published in the Official Gazette on 31 July 2019 as the Companies (Amendment) Act, 2019 (the
Amendment Act).
The Amendment Act has taken into consideration the amendments that were originally notified in the Companies (Amendment) Ordinance, 2018 which was promulgated by the President on 2 November 2018, and then retained in effect through the Companies (Amendment) Ordinance Act, 2019 and the Companies (Amendment) Second Ordinance, 2019 promulgated by the President on 12 January 2019 and 21 February 2019, respectively.
Companies (Incorporation) Third Amendment Rules, 2016GAURAV KR SHARMA
The notification amends the Companies (Incorporation) Rules, 2014 to:
1. Allow a natural person to be a member of only one One Person Company.
2. Require consent from trademark owners when including their trademarks in company names.
3. Simplify document filing requirements and allow digital signatures for some documents.
4. Introduce new rules for converting unlimited liability companies to limited liability companies.
This document outlines regulations from the Insolvency and Bankruptcy Board of India regarding voluntary liquidation of corporate persons. It discusses the initiation of voluntary liquidation through declarations and resolutions, the effect on corporate status, eligibility and remuneration of liquidators, and key powers and functions of liquidators such as maintaining books and registers, preparing reports, and appointing professionals. The purpose is to provide a framework for orderly voluntary liquidation of corporate persons under the Insolvency and Bankruptcy Code of India.
Notice of extraordinary general meetingJoginder Pal
The document is a notice for an Extraordinary General Meeting of XYZ Pvt Ltd to be held on December 26, 2018. There are two items on the agenda: 1) To issue Cumulative Convertible Preference Shares through private placement and 2) To reclassify the authorized share capital of the company. The meeting notice provides details on the terms of the preference shares issuance such as issue price, dividend rate, conversion/redemption terms, and voting rights. It also outlines the proposed changes to the authorized share capital.
The document discusses key changes introduced by the Companies Act 2013 relating to listed companies and corporate governance norms for listed companies proposed by SEBI. Some key points include:
1) The Act introduces stricter compliance requirements for listed companies regarding disclosures, reporting and transparency. It aligns listing agreement with the Act and lays out roadmaps for listed entities.
2) SEBI approved amendments to the listing agreement to strengthen corporate governance norms for listed companies in line with the Act. The amendments will be applicable from October 1, 2014.
3) The Act introduces new audit requirements for listed companies regarding secretarial audit and internal audit. It also changes terms of appointment for statutory auditors.
4) The
The Companies (Amendment) Bill 2014 was introduced in the Lok Sabha in December 2014 and passed by both houses of Parliament. It amends certain provisions of the Companies Act 2013 related to related party transactions, fraud reporting requirements for auditors, removal of the minimum paid up share capital for companies, penalties for accepting illegal deposits, and removal of the requirement for companies to have a common seal. It aims to ease business regulations for companies.
Latest Companies (Accounts) Amendment Rules, 2016
Greatest relief to Unlisted companies and its auditors - No need to prepare consolidated financial statements. Please refer notification below
The document discusses various sections of the Companies Act, 2013 where the law allows flexibility if a company's articles of association specify otherwise. It highlights sections related to increasing share capital, quorum for meetings, appointment of directors, winding up, and other administrative matters where the articles can modify or replace what is stated in the law. The document emphasizes the importance of a company carefully drafting its articles of association to determine internal policies and procedures.
The President of India has given its assent to the Companies (Amendment) Bill, 2019, which further amends the Companies Act, 2013 (the Act). The Companies (Amendment) Bill, 2019 has been now published in the Official Gazette on 31 July 2019 as the Companies (Amendment) Act, 2019 (the
Amendment Act).
The Amendment Act has taken into consideration the amendments that were originally notified in the Companies (Amendment) Ordinance, 2018 which was promulgated by the President on 2 November 2018, and then retained in effect through the Companies (Amendment) Ordinance Act, 2019 and the Companies (Amendment) Second Ordinance, 2019 promulgated by the President on 12 January 2019 and 21 February 2019, respectively.
Companies (Incorporation) Third Amendment Rules, 2016GAURAV KR SHARMA
The notification amends the Companies (Incorporation) Rules, 2014 to:
1. Allow a natural person to be a member of only one One Person Company.
2. Require consent from trademark owners when including their trademarks in company names.
3. Simplify document filing requirements and allow digital signatures for some documents.
4. Introduce new rules for converting unlimited liability companies to limited liability companies.
This document outlines regulations from the Insolvency and Bankruptcy Board of India regarding voluntary liquidation of corporate persons. It discusses the initiation of voluntary liquidation through declarations and resolutions, the effect on corporate status, eligibility and remuneration of liquidators, and key powers and functions of liquidators such as maintaining books and registers, preparing reports, and appointing professionals. The purpose is to provide a framework for orderly voluntary liquidation of corporate persons under the Insolvency and Bankruptcy Code of India.
Notice of extraordinary general meetingJoginder Pal
The document is a notice for an Extraordinary General Meeting of XYZ Pvt Ltd to be held on December 26, 2018. There are two items on the agenda: 1) To issue Cumulative Convertible Preference Shares through private placement and 2) To reclassify the authorized share capital of the company. The meeting notice provides details on the terms of the preference shares issuance such as issue price, dividend rate, conversion/redemption terms, and voting rights. It also outlines the proposed changes to the authorized share capital.
The document discusses key changes introduced by the Companies Act 2013 relating to listed companies and corporate governance norms for listed companies proposed by SEBI. Some key points include:
1) The Act introduces stricter compliance requirements for listed companies regarding disclosures, reporting and transparency. It aligns listing agreement with the Act and lays out roadmaps for listed entities.
2) SEBI approved amendments to the listing agreement to strengthen corporate governance norms for listed companies in line with the Act. The amendments will be applicable from October 1, 2014.
3) The Act introduces new audit requirements for listed companies regarding secretarial audit and internal audit. It also changes terms of appointment for statutory auditors.
4) The
Budget 2017: Clause by clause analysis of amendments to direct tax laws - V. ...D Murali ☆
Budget 2017: Clause by clause analysis of amendments to direct tax laws - V. K. Subramani - Article published in Business Advisor, dated February 10, 2017 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
This document summarizes key differences between provisions governing schemes of arrangements and compromises under the existing Companies Act of 1956 and the proposed Companies Bill of 2012. Some key changes proposed in the Bill include transferring power to sanction schemes from courts to a tribunal, additional disclosure requirements for schemes, and provisions to facilitate mergers and amalgamations between Indian and foreign companies. The document provides a section-by-section comparative analysis of the relevant sections and clauses under the two laws.
The document is a letter from Linda Will to Lauri Thurber, the president of CCEA, regarding proposed bylaw amendments drafted by Attorney Ward. Linda raises numerous questions and issues with the proposed bylaws, noting that some provisions do not apply to CCEA based on its status as a preexisting common interest community and Vermont statutes. She requests answers to her questions and comments and a further discussion of the proposed bylaws at a longer member meeting.
IBC code – overview:
Insolvency precedes bankruptcy and liquidation follows bankruptcy.
Insolvency warnings:
drop in sales
delay in payments
Increasing reliance on credit
Cash flow test:
when cash flow IN s less than cash flow OUT flow.
This book is a complete compendium of Companies Act, 2013 (‘Act’) and Rules prescribed thereunder. It also covers Circulars and Notifications issued under the Act.
The Present Publication is the 14th Edition, which incorporates all the changes made by the Companies (Amendment) Act, 2020 and all changes made up to 8th October 2020. This book is divided into the following 3 divisions:
· Companies Act, 2013 with Rules
· Other Rules
· Circulars, Notifications issued under the Companies Act, 2013
This book incorporates the following:
· A guide to the Companies (Amendment) Act, 2020
· Annotated text of Companies Act 2013 [As Amended by Companies (Amendment) Act 2020] and Rules framed thereunder
· Text of relevant Rules is given along with text of relevant Section of Companies Act 2013
· Annotation under each section shows:
o Related Rules and Forms
o Exemptions available to private companies /Government companies/Nidhis/Charitable Companies/Unlisted Public Company/Private Company operating from IFSCs located in SEZ
o Gist of relevant Circulars and Notifications
o Date of enforcement of provision
o Corresponding provision under the 1956 Act
o Words & Phrases judicially noticed
o Allied Laws referred to in the provision, and
o Relevant provisions of SEBI Rules/SS-1 to SS-4/Listing Obligations/Table F of Schedule.
· Text of Circulars & Notifications issued under Companies Act 2013 as well as SS-1to SS
· Provisions of other Acts referred to in Companies Act, 2013
· Words & Phrases Judicially defined
The Ministry of Corporate Affairs (MCA) vide notification no. S.O. 1932(E) and S.O.1933(E)dated June 1, 2016 notified constitution of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT).
For more information visit here : http://www.nclt.in
This document is a project report on tax planning, tax avoidance, and tax evasion. It discusses several cases related to tax planning, including one where the quantum of remuneration or manner of computing remuneration for partners was not stipulated in the partnership deed as required. The report examines the relevant clauses of two partnership deeds to determine if the conditions for deducting remuneration payments under Section 40(b)(v) of the Income Tax Act are satisfied.
The document outlines amendments made by the Securities and Exchange Board of India to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key changes include requiring listed companies to have at least one independent woman director, increasing the minimum board size for large companies, setting limits on the number of directorships a person can hold, strengthening independent director requirements, and enhancing nomination and remuneration committee meetings and composition. The amendments are aimed at improving corporate governance practices of listed companies in India.
This document outlines the articles of association for ICRA Limited, an Indian company limited by shares.
It defines key terms used in the articles like "Act", "Annual General Meeting", "Articles", "Auditor", "Board of Directors", "Company", "Director", "Member", "Memorandum of Association", "Office", "Share" and others.
It discusses the company's authorized share capital of Rs. 15 crore divided into 1.5 crore equity shares of Rs. 10 each. It also covers maintenance of registers, rights of shareholders, issue of share certificates, joint shareholdings and renewal of defaced/lost certificates.
The Arbitration and Conciliation (Amendment) Ordinance, 2015 Impact on law l...Singhania2015
In recent times there has been a rapid increase in commerce and industry which has led to parties resorting to arbitration to avoid delayed and protracted litigation. However, in India, the Arbitration and Conciliation Act, 1996 was failing to serve the purpose of alternate dispute resolution.
Key Takeaways:
- Facts of the case
- Issues and Orders of the case
- Contention of the parties
- Observations by Honourable Supreme Court
- Conclusions
Section 56(2) of Income-tax Act has created a flutter amongst taxpayers and tax professionals. The presentation deals with some of the important aspects of the same.
This document summarizes exempted incomes under Section 10 of the Indian Income Tax Act. It lists 87 exempted incomes across various sub-sections of Section 10. Some key exempted incomes include agricultural income, interest income from certain bonds/deposits, leave travel concession, provident fund payments, gratuity, family pension received by central/state govt. employees, scholarship amounts, and dividends received from Indian companies. The document was prepared by Dr. Sangeetha R of Hindusthan College of Arts and Science to outline various types of incomes that are exempted from taxable income calculations under the Income Tax Law in India.
This document outlines the key definitions and sections contained in the Industrial Disputes Act, 1947 of India. It provides definitions for terms used in the act such as "appropriate government", "award", "conciliation officer", "employer", "industry", "industrial dispute", and "lay off". It also lists the various sections and schedules that make up the act, outlining topics like works committees, boards of conciliation, labour courts, prohibition of strikes and lock-outs, penalties, and resolution of industrial disputes. The document serves as a table of contents and high-level overview of the Industrial Disputes Act.
Taxmann’s Income Tax Act covers the annotated text of the Income-tax Act, 1961, in the most authentic, amended & updated format.
The Present Publication is the 66th Edition & Updated till the following:
• The Finance Act, 2021
• The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
The noteworthy features of the book are as follows:
• [Bestseller Series] Taxmann’s Bestseller Book for more than Five-Decades
•[Zero Error] Follows the Six Sigma Approach to achieve the Benchmark of ‘Zero Error’
• [Legislative History of Amendments], since 1961
• [Relevant provisions of all other allied laws] referred to in the Income-tax Act
• Comprehensive Table of Contents
• [Quick Navigation] Relevant Section Numbers are printed in Folios for Quick Navigation
• Annotation under each section shows:
○ Relevant Rules & Forms
○ Relevant Circulars & Notifications
○ Date of enforcement of provisions
○ Allied Laws referred to in the Section
• The contents of the book are as follows:
○ Division One – Income-tax Act, 1961
• Arrangement of Sections
• Text of the Income-tax Act, 1961 as amended by the Finance Act, 2021 and Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Appendix: Text of provisions of Allied Acts/Circulars/Regulations referred to in Income-tax Act
• Subject Index
○ Division Two – Finance Act, 2021 & Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Text of the Finance Act, 2021
• Text of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Notifications issued under Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Also available in Taxmann’s Virtual Book Format (An e-Book Initiative for un-interrupted reading experience).
• Now Claim 10% Cashback (when you purchase Taxmann’s Income Tax Act), Redeemable at Taxmann’s Online Bookstore.
Financial matters under Constitution of India -General Studies Civil ServiceYatendra Kumar
Financial matters under Constitution of India , consolidated fund, contingency fund, public account, custody of consolidated fund, contingency fund. Taxing powers
Key Takeaways
Analysis of definitions in Income tax act and treaties
Taxability under the act and treaties
IRoyalty vs. Business income
Illustrative Cases
Judicial Precedents
This document outlines the restated articles of incorporation for AutoZone, Inc. It establishes the company name as AutoZone, Inc. and authorizes 201 million total shares made up of 200 million common shares and 1 million preferred shares. It also limits the personal liability of directors and officers, establishes that shareholders have no preemptive or cumulative voting rights, and allows the board of directors to determine the number of directors and adopt/amend company by-laws.
Jak działa HURTUM, ile kosztuje HURTUM, dlaczego warto korzystać z HURTUM. WIęcej na www.hurtum.pl.
Masz pytania - skontaktuj się z nami: kontakt@hurtum.pl
Budget 2017: Clause by clause analysis of amendments to direct tax laws - V. ...D Murali ☆
Budget 2017: Clause by clause analysis of amendments to direct tax laws - V. K. Subramani - Article published in Business Advisor, dated February 10, 2017 - http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
This document summarizes key differences between provisions governing schemes of arrangements and compromises under the existing Companies Act of 1956 and the proposed Companies Bill of 2012. Some key changes proposed in the Bill include transferring power to sanction schemes from courts to a tribunal, additional disclosure requirements for schemes, and provisions to facilitate mergers and amalgamations between Indian and foreign companies. The document provides a section-by-section comparative analysis of the relevant sections and clauses under the two laws.
The document is a letter from Linda Will to Lauri Thurber, the president of CCEA, regarding proposed bylaw amendments drafted by Attorney Ward. Linda raises numerous questions and issues with the proposed bylaws, noting that some provisions do not apply to CCEA based on its status as a preexisting common interest community and Vermont statutes. She requests answers to her questions and comments and a further discussion of the proposed bylaws at a longer member meeting.
IBC code – overview:
Insolvency precedes bankruptcy and liquidation follows bankruptcy.
Insolvency warnings:
drop in sales
delay in payments
Increasing reliance on credit
Cash flow test:
when cash flow IN s less than cash flow OUT flow.
This book is a complete compendium of Companies Act, 2013 (‘Act’) and Rules prescribed thereunder. It also covers Circulars and Notifications issued under the Act.
The Present Publication is the 14th Edition, which incorporates all the changes made by the Companies (Amendment) Act, 2020 and all changes made up to 8th October 2020. This book is divided into the following 3 divisions:
· Companies Act, 2013 with Rules
· Other Rules
· Circulars, Notifications issued under the Companies Act, 2013
This book incorporates the following:
· A guide to the Companies (Amendment) Act, 2020
· Annotated text of Companies Act 2013 [As Amended by Companies (Amendment) Act 2020] and Rules framed thereunder
· Text of relevant Rules is given along with text of relevant Section of Companies Act 2013
· Annotation under each section shows:
o Related Rules and Forms
o Exemptions available to private companies /Government companies/Nidhis/Charitable Companies/Unlisted Public Company/Private Company operating from IFSCs located in SEZ
o Gist of relevant Circulars and Notifications
o Date of enforcement of provision
o Corresponding provision under the 1956 Act
o Words & Phrases judicially noticed
o Allied Laws referred to in the provision, and
o Relevant provisions of SEBI Rules/SS-1 to SS-4/Listing Obligations/Table F of Schedule.
· Text of Circulars & Notifications issued under Companies Act 2013 as well as SS-1to SS
· Provisions of other Acts referred to in Companies Act, 2013
· Words & Phrases Judicially defined
The Ministry of Corporate Affairs (MCA) vide notification no. S.O. 1932(E) and S.O.1933(E)dated June 1, 2016 notified constitution of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT).
For more information visit here : http://www.nclt.in
This document is a project report on tax planning, tax avoidance, and tax evasion. It discusses several cases related to tax planning, including one where the quantum of remuneration or manner of computing remuneration for partners was not stipulated in the partnership deed as required. The report examines the relevant clauses of two partnership deeds to determine if the conditions for deducting remuneration payments under Section 40(b)(v) of the Income Tax Act are satisfied.
The document outlines amendments made by the Securities and Exchange Board of India to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key changes include requiring listed companies to have at least one independent woman director, increasing the minimum board size for large companies, setting limits on the number of directorships a person can hold, strengthening independent director requirements, and enhancing nomination and remuneration committee meetings and composition. The amendments are aimed at improving corporate governance practices of listed companies in India.
This document outlines the articles of association for ICRA Limited, an Indian company limited by shares.
It defines key terms used in the articles like "Act", "Annual General Meeting", "Articles", "Auditor", "Board of Directors", "Company", "Director", "Member", "Memorandum of Association", "Office", "Share" and others.
It discusses the company's authorized share capital of Rs. 15 crore divided into 1.5 crore equity shares of Rs. 10 each. It also covers maintenance of registers, rights of shareholders, issue of share certificates, joint shareholdings and renewal of defaced/lost certificates.
The Arbitration and Conciliation (Amendment) Ordinance, 2015 Impact on law l...Singhania2015
In recent times there has been a rapid increase in commerce and industry which has led to parties resorting to arbitration to avoid delayed and protracted litigation. However, in India, the Arbitration and Conciliation Act, 1996 was failing to serve the purpose of alternate dispute resolution.
Key Takeaways:
- Facts of the case
- Issues and Orders of the case
- Contention of the parties
- Observations by Honourable Supreme Court
- Conclusions
Section 56(2) of Income-tax Act has created a flutter amongst taxpayers and tax professionals. The presentation deals with some of the important aspects of the same.
This document summarizes exempted incomes under Section 10 of the Indian Income Tax Act. It lists 87 exempted incomes across various sub-sections of Section 10. Some key exempted incomes include agricultural income, interest income from certain bonds/deposits, leave travel concession, provident fund payments, gratuity, family pension received by central/state govt. employees, scholarship amounts, and dividends received from Indian companies. The document was prepared by Dr. Sangeetha R of Hindusthan College of Arts and Science to outline various types of incomes that are exempted from taxable income calculations under the Income Tax Law in India.
This document outlines the key definitions and sections contained in the Industrial Disputes Act, 1947 of India. It provides definitions for terms used in the act such as "appropriate government", "award", "conciliation officer", "employer", "industry", "industrial dispute", and "lay off". It also lists the various sections and schedules that make up the act, outlining topics like works committees, boards of conciliation, labour courts, prohibition of strikes and lock-outs, penalties, and resolution of industrial disputes. The document serves as a table of contents and high-level overview of the Industrial Disputes Act.
Taxmann’s Income Tax Act covers the annotated text of the Income-tax Act, 1961, in the most authentic, amended & updated format.
The Present Publication is the 66th Edition & Updated till the following:
• The Finance Act, 2021
• The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
The noteworthy features of the book are as follows:
• [Bestseller Series] Taxmann’s Bestseller Book for more than Five-Decades
•[Zero Error] Follows the Six Sigma Approach to achieve the Benchmark of ‘Zero Error’
• [Legislative History of Amendments], since 1961
• [Relevant provisions of all other allied laws] referred to in the Income-tax Act
• Comprehensive Table of Contents
• [Quick Navigation] Relevant Section Numbers are printed in Folios for Quick Navigation
• Annotation under each section shows:
○ Relevant Rules & Forms
○ Relevant Circulars & Notifications
○ Date of enforcement of provisions
○ Allied Laws referred to in the Section
• The contents of the book are as follows:
○ Division One – Income-tax Act, 1961
• Arrangement of Sections
• Text of the Income-tax Act, 1961 as amended by the Finance Act, 2021 and Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Appendix: Text of provisions of Allied Acts/Circulars/Regulations referred to in Income-tax Act
• Subject Index
○ Division Two – Finance Act, 2021 & Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Text of the Finance Act, 2021
• Text of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Notifications issued under Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
• Also available in Taxmann’s Virtual Book Format (An e-Book Initiative for un-interrupted reading experience).
• Now Claim 10% Cashback (when you purchase Taxmann’s Income Tax Act), Redeemable at Taxmann’s Online Bookstore.
Financial matters under Constitution of India -General Studies Civil ServiceYatendra Kumar
Financial matters under Constitution of India , consolidated fund, contingency fund, public account, custody of consolidated fund, contingency fund. Taxing powers
Key Takeaways
Analysis of definitions in Income tax act and treaties
Taxability under the act and treaties
IRoyalty vs. Business income
Illustrative Cases
Judicial Precedents
This document outlines the restated articles of incorporation for AutoZone, Inc. It establishes the company name as AutoZone, Inc. and authorizes 201 million total shares made up of 200 million common shares and 1 million preferred shares. It also limits the personal liability of directors and officers, establishes that shareholders have no preemptive or cumulative voting rights, and allows the board of directors to determine the number of directors and adopt/amend company by-laws.
Jak działa HURTUM, ile kosztuje HURTUM, dlaczego warto korzystać z HURTUM. WIęcej na www.hurtum.pl.
Masz pytania - skontaktuj się z nami: kontakt@hurtum.pl
Do you have a serious or difficult message to convey and not a big communication budget at the same time? How to break through?
TASK: Dozens of agencies on the market – which one to choose?
SOLUTION: Create an engaging brief, choose the right agency, develop a strong creative idea.
HOW CAN I HELP: Work out the brief together & get more for less € using a foreign agency with my support and advice.
This document provides a strategic plan for the Flats West Bank area of Cleveland, Ohio, focusing on connecting the region to Lake Erie through the proposed Lake Link Trail. It includes background research and analysis of the physical, regulatory, and socioeconomic conditions of the area. Community outreach was also conducted. The plan establishes a vision and goals, and provides initiatives and recommendations related to greenway and open space design, development opportunities, and marketing strategies. The goal is to revitalize the 86-acre Flats West Bank neighborhood through the Lake Link Trail by capitalizing on trends of downtown living and enhancing access to Lake Erie.
Making your dreams come true. With us, you can realize your dream of foreign holidays and of holidays across exotic locations in India. Quantum Vacation help you envision your dream holiday as a possibility through our lifetime affiliation plans.
Este documento presenta un calendario semanal de limpieza del baño y vestuario, asignando un encargado diferente cada viernes y proporcionando instrucciones sobre la colocación adecuada de los residuos en las lonas de basura.
Rhetorical modes are strategies for presenting information through writing or speech. The main rhetorical modes discussed in the document are comparison/contrast, cause and effect, classification, description, extended definition, exemplification, narration, and analysis. The document provides examples and explanations of each mode. It also discusses how to identify topics, evaluate sources, and use library resources like the catalog and databases to research topics using rhetorical modes.
Encyclopædia Britannica, Inc. is a global educational publisher that provides instructional products and digital learning solutions used worldwide. It offers encyclopedias, dictionaries, educational books, and mobile apps. Britannica has been publishing educational content since 1768 and provides timely and trustworthy information. It has transitioned successfully to digital formats and its websites and mobile apps receive hundreds of millions of visits each year. Britannica tailors its products for different regions and works with various ministries of education.
The document discusses various topics related to UMTS interview questions. It describes the different Radio Resource Control (RRC) states a UE can be in, including Cell_DCH, Cell_FACH, Cell_PCH, and URA_PCH. It explains the characteristics and examples of each state. The document also covers cell search procedure, radio bearer configuration mappings, types of handovers, types of measurements, and the purpose of paging in mobile networks.
Move towards Simplified INDIA / Big relief to private companiesAmbuj Jain
The document outlines 16 exceptions to various sections of the Companies Act, 2013 for private companies. Key exceptions include:
- Related party definitions do not apply to certain holding/subsidiary relationships.
- Private company articles of association can have relaxed provisions regarding share capital and voting rights.
- Private companies can issue shares with member consent periods less than 15 days.
- Private companies can issue employee stock ownership plans with ordinary resolutions.
- Certain private companies are exempt from restrictions on share purchases and loans.
- Private companies face fewer restrictions on director appointments and interested party transactions.
In consideration of the recent amendment brought forth by S.R.O. 627(I)/2023, the Companies (General Provisions and Forms) Regulations, 2018, has been amended to include Regulation 20A. This regulation outlines the powers and limitations related to capital expenditure on any single item or dispose of a fixed asset. The amendment categorizes companies into public interest, large, medium, and small-sized, each with specific limits for capital expenditure and disposal of fixed assets. Additionally, the amendment allows for the formation of a committee, comprising at least one director, to approve expenditures within specified limits, subject to the submission of a bi-annual post facto report.
In consideration of the recent amendment brought forth by S.R.O. 627(I)/2023, the Companies (General Provisions and Forms) Regulations, 2018, has been amended to include Regulation 20A. This regulation outlines the powers and limitations related to capital expenditure on any single item or dispose of a fixed asset. The amendment categorizes companies into public interest, large, medium, and small-sized, each with specific limits for capital expenditure and disposal of fixed assets. Additionally, the amendment allows for the formation of a committee, comprising at least one director, to approve expenditures within specified limits, subject to the submission of a bi-annual post facto report.
Presentation companies amendment bill 2017Ameet Roy
This document provides an overview of proposed amendments to the Companies Act, 2013 in India through the Companies (Amendment) Bill, 2017. Some key points:
- Many changes aim to simplify and soften provisions of the Act based on recommendations of the Standing Committee.
- Changes include expanding the definition of small companies, increasing timelines for certain filings, allowing electronic notice of rights issues, and empowering rules on non-applicability of charge registration requirements.
- Penalty provisions are amended for private placement of securities and contravention of deposit acceptance and repayment rules.
The document summarizes key amendments made by the Companies (Amendment) Act, 2017 in India. Some of the major amendments addressed difficulties in implementation of certain provisions, facilitated ease of doing business, and harmonized company law with other statutes. Specifically, it reduced the time period for name reservation from 60 to 20 days, increased the deadline for informing about a change in registered office from 15 to 30 days, and required companies to prepare consolidated financial statements including associate companies in addition to subsidiaries.
NO. FJ2 (49)/2021-LEGIS) THE LEGISLATION WAS RECEIVED ON DECEMBER 1, 2021 AFTER BEEN APPROVED BY THE PARLIAMENT HEREAFTER PROMULGATED ON DECEMBER 04, 2021 CALLED AS THE COMPANIES (AMENDMENT) ACT, 2021.
the Companies Amendment bill, 2016 by Praveen SoniPraveen Soni
The document summarizes proposed changes to the Companies Amendment Bill 2016 in India. Key changes include expanding the definition of related parties, key managerial personnel, and significant influence. It proposes changes to requirements around annual returns, board meetings, general meetings, financial statements, appointment of directors and auditors. Some key points are allowing companies more flexibility in where they hold meetings, clarifying requirements for resigning directors, and exempting related party transactions between holding and wholly owned subsidiaries from approval requirements. The document outlines numerous proposed changes to various sections of company law.
The document summarizes proposed changes to the Companies Amendment Bill 2016 in India. Key changes include expanding the definition of related parties, key managerial personnel, and significant influence. It proposes changes to requirements around annual returns, board meetings, general meetings, director appointments and qualifications, and committees. Notable changes include allowing EGMs of foreign subsidiaries to be held outside India, lessening audit requirements, and expanding rights of auditors to review documents. The document outlines numerous proposed changes to modernize company law in India.
Exemptions to private companies under companies act 2013 impact analysisFCS BHAVIK GALA
The document discusses exemptions provided to private companies under the Companies Act 2013 that reduce compliance burdens. Key exemptions summarized are:
1) Private companies are exempt from filing board resolutions with the Registrar of Companies, reducing a significant compliance burden.
2) Private companies can purchase their own shares without a reduction in capital, subject to certain conditions like no other corporate investment and borrowing limits.
3) Private companies have flexibility in issuing shares with differential voting rights if allowed by memorandum and articles of association.
4) The definition of related party transactions excludes holding, subsidiary and associate companies for private companies, simplifying approval requirements.
1. The document compares provisions of the Companies Ordinance 1984, Companies Bill 2016, and Companies Act 2017 of Pakistan. It outlines changes made to various sections, including definitions added or altered, jurisdiction of courts, registration process, registered office requirements, and memorandum requirements.
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Companies amendment act 2017 amended sections with analysismystartupvakil.com
The Companies Amendment Act, 2017 was passed by the Rajya Sabha in December 2017 and received presidential assent in January 2018. The amendments will come into force on dates notified by the Ministry of Corporate Affairs. This article summarizes the key amendments made to section 2, which defines terms used in the Act. Some of the important changes include expanding the definition of "associate company", including cost accountants in practice in the definition of "cost accountant", and increasing the limits for paid-up capital and turnover to qualify as a small company.
The document provides guidance on preparing, filing, and certifying the Annual Return for companies in India. It defines key terms and explains that the Annual Return contains important company information like registered office details, shareholding patterns, board and committee meetings, and remuneration. It must be filed within 60 days of the AGM and certified by a Company Secretary for listed or large companies. The Annual Return gives stakeholders a snapshot of the company's status and is important for transparency.
Key changes proposed in Companies Amendment, bill 2016Praveen Soni
The document proposes several amendments to the Companies Act 2013. Key changes include expanding the definition of key managerial personnel and related parties, allowing companies more flexibility in their memorandum of association, changing various filing timelines, easing restrictions on private placements and deposits, simplifying annual return filing, and making changes to director qualifications, loan provisions to directors, related party transactions, and managerial remuneration.
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The document outlines several rule changes and amendments to facilitate mergers and acquisitions involving foreign companies.
The document proposes several amendments to the Companies Act 2013. Some key changes include expanding the definition of key managerial personnel and related parties, allowing companies more flexibility in their memorandum of objects, changing timelines for various filings, reducing requirements for related party transactions, and amending provisions around loans to directors and managerial remuneration.
securities
Section 195 prohibits insider trading of securities by any director, key managerial personnel or other officer of a company. Insider trading includes subscribing, buying, selling or dealing in securities based on non-public price sensitive information. It also includes counseling or communicating such non-public information to others. Any person found guilty of insider trading can be punished with imprisonment of up to 5 years or a fine between Rs. 5 lakhs to Rs. 25 crores or 3 times the profits made from insider trading, whichever is higher. The section aims to promote fair trading in securities and prevent the misuse of non-public information for personal gains.
The document discusses restrictions on the powers of the Board of Directors according to Section 180 of the Companies Act 2013. Some key points:
- The Board can only exercise certain powers like selling all or substantially all of the company's assets with shareholder approval via a special resolution.
- "Undertaking" is defined as an investment exceeding 20% of the company's net worth or generating 20% of total income.
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Vitarann Social Foundation - Article of associationvitarann
Vitarann Social Foundation is registered under Section 25 compact act of Government of India. This is the Article of Association document which is approved by Ministry of corporate affairs. Few last pages are removed from the document for privacy purpose. This contains the director list and their share holding in the organisation. As it is Section 25 company share holding does not pay off any dividend. But if someone is interested in knowing the full details they can always contact us at contact@vitarann.org. We believe in transparency.
For more details#
1. http://corporatedir.com/company/vitarann-social-foundation
2. http://vitarann.org/contact
Vitarann Social Foundation - Article of association
Amendment%20 act%202015
1. Short title
and com-
mencement.
THE COMPANIES (AMENDMENT)ACT, 2015
NO. 21 OF 2015
[25th May,2015.]
AnAct to amend the CompaniesAct, 2013.
BE it enacted by Parliament in the Sixty-sixthYear of the Republic of India as follows:—
1. (1) This Act may be called the Companies (Amendment) Act, 2015.
(2) It shall come into force on such date as the Central Government may, by notification
in the Official Gazette, appoint and different dates may be appointed for different provisions
of this Act and any reference in any provision to the commencement of this Act shall be
construed as a reference to the coming into force of that provision.
2. In section 2 of the Companies Act, 2013 (hereinafter referred to as the principal
Act),—
(i) in clause (68), the words “of one lakh rupees or such higher paid-up share
capital” shall be omitted;
(ii) in clause (71), in sub-clause (b), the words “of five lakh rupees or such
higher paid-up capital,” shall be omitted.
3. In section 9 of the principal Act, the words “and a common seal” shall be
omitted.
4. Section 11 of the principal Act, shall be omitted.
18 of 2013. Amendment
of section 2.
Amendment
of section 9.
Omission of
section 11.
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EXTRAORDINARY
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PART II — Section 1
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PUBLISHED BY AUTHORITY
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No. 25] NEWDELHI, TUESDAY, MAY 26, 2015/JYAISTHA 5, 1937 (SAKA)
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Separate paging is given to this Part in order that it may be filed as a separate compilation.
REGISTERED NO. DL—(N)04/0007/2003—15
MINISTRY OF LAWAND JUSTICE
(Legislative Department)
New Delhi, the 26th May, 2015/Jyaistha 5, 1937 (Saka)
The following Act of Parliament received the assent of the President on the
25th May, 2015, and is hereby published for general information:—
2. 2 THEGAZETTEOFINDIAEXTRAORDINARY [PART II—
5. In section 12 of the principal Act, in sub-section (3), for clause (b), the following
clause shall be substituted, namely:—
“(b) have its name engraved in legible characters on its seal, if any;”.
6. In section 22 of the principal Act,—
(i) in sub-section (2),—
(a) for the words “under its common seal”, the words “under its common
seal, if any,” shall be substituted;
(b) the following proviso shall be inserted, namely:—
“Provided that in case a company does not have a common seal,
the authorisation under this sub-section shall be made by two directors
or by a director and the Company Secretary, wherever the company has
appointed a Company Secretary.”;
(ii) in sub-section (3), the words ‘‘and have the effect as if it were made under
its common seal” shall be omitted.
7. In section 46 of the principal Act, in sub-section (1), for the words “issued under
the common seal of the company”, the words “issued under the common seal, if any, of the
company or signed by two directors or by a director and the Company Secretary, wherever
the company has appointed a Company Secretary” shall be substituted.
8. After section 76 of the principal Act, the following section shall be inserted,
namely:—
“76A. Where a company accepts or invites or allows or causes any other
person to accept or invite on its behalf any deposit in contravention of the manner or
the conditions prescribed under section 73 or section 76 or rules made thereunder or
if a company fails to repay the deposit or part thereof or any interest due thereon
within the time specified under section 73 or section 76 or rules made thereunder or
such further time as may be allowed by the Tribunal under section 73,—
(a) the company shall, in addition to the payment of the amount of deposit
or part thereof and the interest due, be punishable with fine which shall not be
less than one crore rupees but which may extend to ten crore rupees; and
(b) every officer of the company who is in default shall be punishable with
imprisonment which may extend to seven years or with fine which shall not be
less than twenty-five lakh rupees but which may extend to two crore rupees, or
with both:
Provided that if it is proved that the officer of the company who is in default,
has contravened such provisions knowingly or wilfully with the intention to deceive
the company or its shareholders or depositors or creditors or tax authorities, he shall
be liable for action under section 447.”.
9. In section 117 of the principal Act, in sub-section (3),—
(i) in clause (g), the word ‘‘and’’ occuring at the end shall be omitted;
(ii) after clause (g), the following proviso shall be inserted, namely:—
“Provided that no person shall be entitled under section 399 to inspect or
obtain copies of such resolutions; and”.
10. In section 123 of the principal Act, in sub-section (1), after the third proviso, the
following proviso shall be inserted, namely:—
“Provided also that no company shall declare dividend unless carried over
previous losses and depreciation not provided in previous year or years are set off
against profit of the company for the current year.”.
Amendment
of section 12.
Amendment
of section 22.
Amendment
of section 46.
Insertion of
new section
76A.
Punishment
for contra-
vention of
section 73 or
section 76.
Amendment
of section
117.
Amendment
of section
123.
3. SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 3
11. In section 124 of the principal Act, in sub-section (6),—
(i) for the words, brackets and figure “unpaid or unclaimed dividend has been
transferred under sub-section (5) shall also be”, the words “dividend has not been
paid or claimed for seven consecutive years or more shall be” shall be substituted;
(ii) after the proviso, the following Explanation shall be inserted, namely:—
“Explanation.—For the removal of doubts, it is hereby clarified that in case
any dividend is paid or claimed for any year during the said period of seven
consecutive years, the share shall not be transferred to Investor Education and
Protection Fund.’’.
12. In section 134 of the principalAct, in sub-section (3), after clause (c), the following
clause shall be inserted, namely:—
“(ca) details in respect of frauds reported by auditors under sub-section (12) of
section 143 other than those which are reportable to the Central Government;”.
13. In section 143 of the principal Act, for sub-section (12), the following sub-section
shall be substituted, namely:—
“(12) Notwithstanding anything contained in this section, if an auditor of a
company in the course of the performance of his duties as auditor, has reason to
believe that an offence of fraud involving such amount or amounts as may be
prescribed, is being or has been committed in the company by its officers or employees,
the auditor shall report the matter to the Central Government within such time and in
such manner as may be prescribed:
Provided that in case of a fraud involving lesser than the specified amount, the
auditor shall report the matter to the audit committee constituted under section 177 or
to the Board in other cases within such time and in such manner as may be
prescribed:
Provided further that the companies, whose auditors have reported frauds
under this sub-section to the audit committee or the Board but not reported to the
Central Government, shall disclose the details about such frauds in the Board's report
in such manner as may be prescribed.”.
14. In section 177 of the principalAct, in sub-section (4), in clause (iv), the following
proviso shall be inserted, namely:—
"Provided that the Audit Committee may make omnibus approval for related
party transactions proposed to be entered into by the company subject to such
conditions as may be prescribed;".
15. In section 185 of the principal Act, in sub-section (1), in the proviso, after clause
(b), the following clauses and proviso shall be inserted, namely:—
"(c) any loan made by a holding company to its wholly owned subsidiary
company or any guarantee given or security provided by a holding company in
respect of any loan made to its wholly owned subsidiary company; or
(d) any guarantee given or security provided by a holding company in respect
of loan made by any bank or financial institution to its subsidiary company:
Provided that the loans made under clauses (c) and (d) are utilised by the
subsidiary company for its principal business activities.".
Amendment
of section
124.
Amendment
of section
134.
Amendment
of section
143.
Amendment
of section
177.
Amendment
of section
185.
4. 4 THEGAZETTEOFINDIAEXTRAORDINARY [PART II—
16. In section 188 of the principal Act,—
(a) in sub-section (1),—
(i) for the words "special resolution", at both the places where they occur,
the word "resolution" shall be substituted;
(ii) after the third proviso, the following proviso shall be inserted, namely:—
"Provided also that the requirement of passing the resolution under
first proviso shall not be applicable for transactions entered into between
a holding company and its wholly owned subsidiary whose accounts are
consolidated with such holding company and placed before the
shareholders at the general meeting for approval.";
(b) in sub-section (3), for the words "special resolution", the word "resolution"
shall be substituted.
17. In section 212 of the principal Act, in sub-section (6), for the words, brackets and
figures "the offences covered under sub-sections (5) and (6) of section 7, section 34, section
36, sub-section (1) of section 38, sub-section (5) of section 46, sub-section (7) of section 56,
sub-section (10) of section 66, sub-section (5) of section 140, sub-section (4) of section 206,
section 213, section 229, sub-section (1) of section 251, sub-section (3) of section 339 and
section 448 which attract the punishment for fraud provided in section 447", the words and
figures "offence covered under section 447" shall be substituted.
18. In section 223 of the principal Act, in sub-section (4), in clause (a), for the words
"by the seal", the words "by the seal, if any," shall be substituted.
19. In section 248 of the principal Act, in sub-section (1),—
(i) in clause (a), after the word ‘incorporation’, the word ‘or’ shall be inserted;
(ii) clause (b) shall be omitted.
20. In section 419 of the principal Act, in sub-section (4), the words "or winding up"
shall be omitted.
21. In section 435 of the principal Act, in sub-section (1),—
(i) for the words "trial of offences under this Act", the words "trial of offences
punishable under this Act with imprisonment of two years or more" shall be
substituted;
(ii) the following proviso shall be inserted, namely:—
"Provided that all other offences shall be tried, as the case may be, by a
Metropolitan Magistrate or a Judicial Magistrate of the First Class having
jurisdiction to try any offence under this Act or under any previous company
law.".
22. In section 436 of the principal Act, in sub-section (1), in clause (a), for the words
"all offences under this Act", the words, brackets and figures "all offences specified under
sub-section (1) of section 435" shall be substituted.
23. In section 462 of the principal Act, for sub-section (2), the following sub-sections
shall be substituted, namely:—
‘‘(2) A copy of every notification proposed to be issued under sub-section (1),
shall be laid in draft before each House of Parliament, while it is in session, for a total
period of thirty days, and if, both Houses agree in disapproving the issue of notification
or both Houses agree in making any modification in the notification, the notification
shall not be issued or, as the case may be, shall be issued only in such modified form
as may be agreed upon by both the Houses.
Amendment
of section
212.
Amendment
of section
223.
Amendment
of section
419.
Amendment
of section
435.
Amendment
of section
436.
Amendment
of section
188.
Amendment
of section
248.
Amendment
of section
462.
5. SEC. 1] THEGAZETTEOFINDIAEXTRAORDINARY 5
(3) In reckoning any such period of thirty days as is referred to in sub-section (2),
no account shall be taken of any period during which the House referred to in sub-
section (2) is prorogued or adjourned for more than four consecutive days.
(4) The copies of every notification issued under this section shall, as soon as
may be after it has been issued, be laid before each House of Parliament.”.
————
DR.SANJAYSINGH,
Secretary to the Govt. of India.
————
CORRIGENDUM
In the Coal Mines (Special Provision)Act, 2015 (11 of 2015), as published in the Gazette
of India, Extraordinary, Part II, Section 1, Issue No. 4, dated the 30th March, 2015, at page 6,
in line 7 for “quesiton”, read “question”.
————
CORRIGENDA
In the Insurance Laws (Amendment)Act, 2015 (5 of 2015), as published in the Gazette
of India Extraordinary, Part II, Section 1, Issue No. 8, dated the 20th March, 2015,—
(i) at page 5, in line No. 41, for “sub-section (1)”, read “sub-section (2);
(ii) at page 7, in lines 40 and 41, for ‘ “the Securities’, read “Securities”;
(iii) at page 35, in line 30, for “sub-section (12)”, read “sub-section (2).
PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, NEW DELHI
AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI—2015.
GMGIPMRND—1188GI(S3)—26-05-2015.