The document summarizes shareholder rights based on shareholding percentages in an Indian company. With 10% shareholding, minority shareholders can call an extraordinary general meeting and apply to the company law board if they feel the company is being oppressed or mismanaged. Ordinary resolutions requiring a simple majority can be passed with 51% shareholding. Special resolutions requiring 75% approval are needed to make significant changes like altering the company's name or articles of association.
An easy way to find the new Companies Act, 2013 with its new and important changes..
Tried to made it maximum simple to understand..
The new legislation will create new avenues for Business and Professionals relating to this field..especially corporate law experts..
CLSP - Unit 7 - Winding Up of CompaniesAjay Nazarene
It is a presentation on basic introduction to the subject of CLSP - Winding Up of Companies. This is published only for education and information purpose.
It is a presentation on basic introduction to the subject of CLSP - Management of Company. This is published only for education and information purpose.
An easy way to find the new Companies Act, 2013 with its new and important changes..
Tried to made it maximum simple to understand..
The new legislation will create new avenues for Business and Professionals relating to this field..especially corporate law experts..
CLSP - Unit 7 - Winding Up of CompaniesAjay Nazarene
It is a presentation on basic introduction to the subject of CLSP - Winding Up of Companies. This is published only for education and information purpose.
It is a presentation on basic introduction to the subject of CLSP - Management of Company. This is published only for education and information purpose.
It is a presentation on basic introduction to the subject of CLSP - Documents of a Company.
This is published only for education and information purpose.
The law imposes a high standard of conduct on directors and officers. If a director or officer falls below this standard, they may face personal liability. This presentation will provide an overview of the duties and liabilities faced by a company’s Board, including strategies for avoiding the pitfalls associated with acting as a director or officer.
It is a presentation on basic introduction to the subject of CLSP - Documents of a Company.
This is published only for education and information purpose.
The law imposes a high standard of conduct on directors and officers. If a director or officer falls below this standard, they may face personal liability. This presentation will provide an overview of the duties and liabilities faced by a company’s Board, including strategies for avoiding the pitfalls associated with acting as a director or officer.
While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line. And before diversifying/venturing into any product, they wish to study the following aspects of the identified product:
• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
The report provides an expansive market analysis by covering areas like: growth drivers, trends prevailing in the industry, Demand-Supply Situation, Foreign Trade, Porters 5 Forces Analysis, regulatory framework as well as comprehensive SWOT analysis of the sector.
The report further establishes the regulatory framework of the industry. It encapsulates the status of the current legislation in the industry as well as the recent changes and developments in the regulations. The report also provides key player profiles along with key financials and comparison. The market research report shares vital information like shareholding pattern, revenue mix, plant location and financial summary of the key companies.
The market forecasts are developed on the basis of:
• Secondary Research
• Surveys One-on-one Interactions Databases
• Industry Sources
It covers contact information of Present major players like address of registered office, key financials like plant location, raw material consumption and financial comparison covering balance sheet, profit & loss account and financial ratios. The report by its graphical representation and forecasts of key data indicators helps in analyzing the market potential by elaborating on various factors that will contribute to the consumption growth of products in India, import-export markets of the products as well as market size and outlook of the industry.
This information sheet gives general information for shareholders on the three most common forms of external administration (liquidation, voluntary administration and receivership).
Long Term Visa (LTV) is granted to the following categories of persons of Bangladesh, Afghanistan and Pakistan coming to India on valid travel documents i.e. valid passport and valid visa, and seeking permanent settlement in India with a view to acquire Indian citizenship:-
i. Members of minority communities in Bangladesh/ Afghanistan/ Pakistan, namely Hindus, Sikhs, Buddhists, Jains, Parsis and Christians.
ii. Bangladesh/ Pakistan women married to Indian nationals and staying in India; or Afghanistan nationals married to Indian nationals in India and staying in India.
iii. Indian origin women holding Bangladesh/ Afghanistan/ Pakistan nationality married to Bangladesh/ Afghanistan/ Pakistan nationals and returning to India due to widowhood/ divorce and having no male members to support them in Bangladesh/ Afghanistan/ Pakistan.
iv. Cases involving extreme compassion.
Non-resident Indians are a section of people whose roots belong to India and who have migrated from India. The Indian Government is aware of the importance of Indian Diaspora in the form of NRIs/PIOs which is spread all across the world and which despite being away from India is making significant contribution to the Indian economy on a global platform and to the economic, financial and social benefits which have been brought to India; therefore, it attempts to provide benefits to them to attract their investments. They are also called for taking part in the economy. The Indian government gives lot of benefits to NRI not only with respect to ease of making investment in India but also in Taxation. The investment from NRIs is easy money available and provides the much needed leverage to the economy. The Indian Diaspora today constitutes an important, and inimitable, part of the Indian economy. The PPT discusses about he various account that can be opened by NRIs in India
In a move to further rationalize and liberalise the overseas investment central Government and Reserve Bank of India notified Foreign Exchange Management (Overseas Investment) Rules, 2022 and Foreign Exchange Management (Overseas Investment) Regulations, 2022 respectively on 22 Aug 2022.
The revised regulatory framework for overseas investment provides for simplification of the existing framework for overseas investment and has been aligned with the current business and economic dynamics. Immense clarity on Overseas Direct Investment and Overseas Portfolio Investment has been brought in and various overseas investment related transactions that were earlier under approval route are now under automatic route, significantly enhancing "Ease of Doing Business".
As per section 92 of the Income Tax Act,1961 “Any
income arising from an international transaction shall
be computed having regard to the arm's length
price” Where in an international transaction two or
more associated enterprises enter into a mutual
agreement or arrangement for the allocation or
apportionment of, or any contribution to, any cost or
expense incurred or to be incurred in connection with
a benefit, service or facility provided or to be
provided to any one or more of such enterprises, the
cost or expense allocated or apportioned to, or, as
the case may be, contributed by, any such enterprise
shall be determined having regard to the arm's
length price of such benefit, service or facility, as the
case may be.
The 2008 Financial Crisis changed the world of Banking. Many malpractices by the Banks and various financial institutions came into light and the regulators started scrutinizing and penalizing them. The world’s most important number “LIBOR” came under the sword of the Regulators. In this article we will explore the origins and the fall of the once revered LIBOR rate.
THERE ARE QUITE A FEW REGULATORY SPACES
WHICH NEEDS TO BE KEPT IN CONSIDERATION
WHILE MAKING THE REPORT. IN THIS ARTICLE WE
SHALL DISCUSS REGARDING DRAFTING AND THE
CONTENT OF VALUATION REPORT ONE BY ONE IN
DETAIL.
One of the important aspect of Start up is raising of funds. Fundraising is a necessary, and most important task in the life of Start ups. IN THIS ARTICLE GIVES PRELIMINARY INSIGHTS INTO FUND RAISING BY STARTUPS
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Improving profitability for small businessBen Wann
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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We will dig deeper into:
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2. 10% SHAREHOLDING: Although the companies Act provide for very less powers to minority
shareholders and assume that the manner in which the affairs of the company should be conducted is
best decided by majority shareholders. However following points are pertinent to see in this respect.
• The 10% of the shareholder [1/10th of the paid up capital of the company] can requisition to the
Board of Director to call Extra Ordinary General Meeting [EGM] of the company.
Such requisition to call EGM has to be made by the members of the company to Board of
Directors. The requisition shall set out the matters for the consideration of which the meeting to
be called, shall be signed by members and shall be deposited at the registered office of the
company.
Two members personally present make the quorum of the meeting. For passing the resolution
at the meeting [ordinary and special] the members voting are counted for the purpose of
counting the number of votes. That means that two members having only 10% of shareholding
present in EGM can pass the valid and binding resolution to execute any matter. Therefore it is
necessary that while drafting the Article of Association appropriate guards are taken in
relation to quorum of general meeting.
For example: In a private company having 5 shareholders out of which 10% of the paid up
capital is held together by Mr. X and Mr. Y. If X and Y manage to get the EGM called and both
vote in favor of resolution [assuming other shareholders to be absent in meeting] then they can
effectively execute all the things which even require 51% or 75% of approval. Therefore as
mentioned above it is very necessary that while drafting the Article of Association appropriate
safeguard is taken in relation to quorum of general meeting so that the powers are exercised in
the manner desired by majority shareholders.
• Oppression and Mismanagement
In case of oppression and mismanagement of the company the members having not less than
one tenth of the total number of the company may apply to the Company Law Board. The
circumstances under which it will be considered that the affairs of the company are managed in
the manner which is considered as oppression and mismanagement are mentioned in section
397 http://www.vakilno1.com/bareacts/companiesact/s397.htm and Section 398
http://www.vakilno1.com/bareacts/companiesact/s398.htm of the companies Act, 1956.
51% SHAREHOLDING: All the acts where the company is required to do some act in general meeting it
means that an ordinary resolution is required to be passed. Ordinary resolution means a resolution
which requires simple majority of the members which being present and entitled to vote upon a
resolution do vote.
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3. For example: - The approval of a minimum of 50% of the shareholders is required for for alteration of
the share capital; declaration of dividend; election, removal, and remuneration of directors; approval of
annual accounts; appointment of auditors of company, appointment of other officers and other routine
matters relating to the conduct of a company as may be decided by Article of the company. Following
act of Company can only be done in General Meeting:
(a) Sell, lease or otherwise dispose of undertaking of the company;
(b) Remit, or give time for the repayment of, any debt due by a director;
(c) invest, otherwise than in trust securities, the amount of compensation received by the company in
respect of the compulsory acquisition;
(d) borrow moneys where the moneys to be borrowed, together with the moneys already borrowed by
the company will exceed the aggregate of the paid-up capital of the company and its free reserves;
(e) contribute to charitable and other funds not directly relating to the business of the company or the
welfare of its employees, any amounts the aggregate of which will, in any financial year, exceeding the
prescribed amount.
75% SHAREHOLDING: Following is the list of things which can be done only with 75% of the
shareholding [in case of 100% of voting]. At least 75% of the shareholders must approve a matter. In
other words, minority shareholder with more than 25% voting rights would have the ability to block in
these matters.
Following is the illustrative list of where the matter can be conducted only subject to special resolution
by the company
• To alter the provisions of the memorandum, with respect to the place of registered office of a
company from one state to another or its objects and change of registered office within a state
but to the jurisdiction of another registrar.
• To change the name of the company,
• To alter the articles of association of a company.
• To buyback own shares except where it is of less than 10% of its paid-up capital and free
reserves and is authorised by a Board resolution.
• Issue of Bonus shares.
• To offer further shares to any person (whether or not those persons include members).
• To approve the term providing for an option to convert the debentures or loans into shares
• To determine that any portion of the share capital shall not be called up except in the event of
winding up.
• To reduce the share capital.
• Alteration of rights of holders of special classes of shares.
• To remove the registered office of a company outside the local limits of the city, town or village
in which it is situated.
• To commence any business specified in ‘other objects’ by public company.
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4. • To keep registers, indexes, returns, copies of certificates and documents required to be annexed
thereto at any other place within the city, town or village in which the registered office is
situated.
• To pay interest out of capital if not authorised by the articles.
• Appointment of sole selling agents by a company whose paid-up capital is Rs. 50 lakhs or more.
• To determine the remuneration payable to a director, if the articles so require in the case of a
public company or its subsidiary
• To have the affairs of a company investigated by inspectors appointed by the Central
Government.
• To authorise remuneration to a director who is neither in the wholetime employment of the
company nor a Managing Director by way of commission.
• For a director holding an office or place of profit or his specified associate holding an office or a
place of profit carrying monthly remuneration of prescribed amount.
• For a director’s or manager’s relative, private companies etc. specified in the section to hold
office or place of profit under the company at a monthly remuneration of prescribed amount.
• To give loans or guarantees to other companies or make investment in shares of other
companies.
• To get the company wound up by the Tribunal.
• To have the company wound up voluntarily.
• For the arrangement between the co. and its creditors so as to bind the company and its
members.
• Appointment of a person as a Managing / Whole-time Director /Manager if such person is below
25 years but attained majority or is above 70 years in age.
• For paying remuneration in relation to companies having no profits as referred to in part 2 of
Schedule XIII of Companies Act.
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