Procedure for Converting a Loan into Equity
Procedure for converting a Loan into Equity APPLICABLE SECTION : SECTION 62(3) CONVERTING A LOAN INTO EQUITY of a company is a common practice because many companies that have borrowed money from their directors, financial institutions, or any other entity are obligated to repay the debt within the time frame set forth in the loan […]
Road Map For Rights Issue
Road Map for Rights issue Sl.NO PARTICULARS REMARKS 1. Cut-off Date The shareholders of the company to be considered as on cut-off date. *Meaning of cut-off date: It is the date fixed for taking record of shareholders to be eligible to participate in right issue. 2. Notice of BM Notice to be sent with agenda […]
Form MBP 1 and Format of Form MBP 1 (Companies Act)
Form MBP 1 and Format of Form MBP 1 From this article, you will get to know about Form MBP 1 and Format of Form MBP 1 (Companies Act, 2013). Section 184 (1) of the Companies Act 2013 requires that every director to make disclosure of his interest or concern in any company or firm […]
Format of board resolution to record disclosure of interest received from directors
Format of Board resolution to record disclosure of interest received from Directors Section 184 (1) of the Companies Act 2013 requires that every director make disclosure of his interest or concern in any company or firm or body corporate or any association of individuals at the first Board meeting or when there is any change […]
Issue of share certificate as per Companies Act, 2013
Issue of Share Certificate as per Companies Act 2013 Applicable Provisions: Section 46 (issue of share certificates) and sub-section (4) of section 56 (relating transfer and transmission of securities) read with Rule 5 of Companies (Share capital and debentures) Rules, 2014. The time period of issuing a share certificate (Section 56 (2)) A subscriber to […]
How to apply name of the NEW Company through MCA portal ?
How to Apply for NEW Company through MCA portal Apply name of the NEW Company through MCA portal Relevant provisions Section 4(4) of the Companies Act, 2013 and Rule 8 & 9 of Companies (Incorporation) Rules, 2014. Relevant form Application of name can be filed through SPICe+ Part A under New Application as well as […]
Illustrative list of business items which shall not be passed by circulation and shall be placed before the Board at its Meeting (SS1)
Illustrative list of Business items which shall not be passed by circulation and shall be placed before the Board at its Meeting General Business Items which shall not be passed by circulation and shall be placed before the Board at its Meeting (SS1) Noting Minutes of Meetings of Audit Committee and other Committees. Approving financial […]
Main Objects For Hospitality Industry / Event Management
Main Objects For Hospitality Industry / Event Management Detailed Main Objects For Hospitality Industry / Event Management: To carry on the business of developing, promoting, marketing, organizing and managing artists and celebrity management national as well as international events, product brands, corporate and business themes, evenings, launches, ideas, managing public and media relations, press & […]
Main Objects For Trading of Computer Hardware, and Related Products
Main Objects For Trading of Computer Hardware, and Related Products Detailed Main Objects For Trading of Computer Hardware, and Related Product To carry on the business of providing, selling, purchasing, trading , production, distribution, customisation , development or otherwise deal in all types of applications, programs, mobile applications, web applications, products, portals, services, applications and […]
Obtain 80G and 12A Certificate
Obtain 80G & 12A Certificate 80G Certificate 80G Certificate is issued to a non-profit organization or a charitable trust or non-governmental organizations (NGO), or a Section 8 Company by the Income Tax Department. The intention behind issuing the 80G certificate is to promote 50% tax benefits to donors so that more and more donors can […]
