Rights issue: Benefit to the existing shareholders
A company needs funds to run a business smoothly. Funds can be raised by a company in numerous ways. One of them is through rights issue of shares. Under this company invites existing shareholders to buy additional shares of the company in a ratio that is proportional to their existing…
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COMPLIANCES FOR SECTION 8 COMPANY
We often believe that the sole objective of a business is to earn profit. Section 8 of the Companies Act 2013 provides an exception to this perception. Section 8 provides provisions for entities with charitable and non-profit objectives. A company formed under Section 8 works to promote science, art, commerce,…
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Secretarial Auditor: Appointment, Roles and Responsibility
Secretarial Audit of the Company is required to be conducted as per Section 203 of Companies Act,2013 (“Act”). Secretarial Auditor as appointed by the Company is responsible to carry the audit and prepare a report on the same. The Board has power to appoint a Company Secretary in Practice as…
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WEBSITE DEVELOPMENT AGREEMENT
There is no doubt that in today’s era, consumers spend a considerable amount of time online purchasing goods or using online services. E-commerce has gained immense popularity these days and in such a scenario having a well-developed website provides the organization with an advantage over the competitors.
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Submission of Annual Secretarial Compliance Report by Listed Company
Corporate governance practice of listed companies and its subsidiary companies are governed through Regulation 24 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Secretarial Audit: Introduction and Applicability
Corporates running in India have to comply mandatorily with the provisions and rules prescribed under the Companies Act, 2013(“Act”). To promote a proper complaint corporate culture, it is necessary to implement the provision within true letter and spirit Thus, to ensure the effective compliance and corporate governance practice it becomes…
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Updates on Managerial Remuneration
Ministry of Corporate Affairs vide its notification dated March 18, 2021 has notified for commencement of section 32 and 40 of Companies (Amendment) Act, 2020 w.e.f. March 18, 2021. Further through another notification dated March 18, 2021 amendments got effective in Schedule V of Companies Act, 2013
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Independent Director’s Examination
Section 149 of The Companies Act,2013 requires certain Companies to appoint Independent Directors on the Board of the Company. these independent directors do not manage day to day operations of the Company but are entrusted with the responsibility to overview and watch over the working of the Company and render…
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Goods & Service Tax- Fundamentals and Background
With effect from 01.07.2017, Government of India has brought in a new Indirect Tax Structure in the Indian Continent. They have introduced “Goods and Service Tax (GST)” in place of earlier indirect tax structure, i.e., Excise Duty and Service Tax. Earlier, Excise Duty was levied on manufacture or produce of…
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HOW TO CHOOSE PERFECT BUSINESS ENTITY IN INDIA
Indian economy is one of the fastest growing economies in the world. India is going through a phase of extraordinary economic advancement and liberation and various Government initiatives, foreign direct investment, start up schemes has lured the Indians toward making mark through their own businesses be it a small start…
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