ISSUE OF PREFERENCE SHARES MEANING Preference shares mean those shares/securities of the company which entitles priority to their holders. The shares have preferential right to receive dividends, to receive capital back on a winding-up of the company. They come with no voting rights but they do provide preferential rights overRead More →

APPOINTMENT OF DIRECTOR The supreme executive authority controlling the management and affairs of a company vests in the team of directors of the company, collectively known as its Board of Directors. At the core of the corporate governance practice is the Board of Directors which oversees how the management servesRead More →

AUDITOR APPOINTMENT “Companies will not receive a rubber stamp certification; this is an in-depth program that requires an exhaustive and thorough audit of one’s processes”. –John Kania The health of a business is shown by the books of account of the company. The company is maintaining the records through theRead More →

INDEPENDENT DIRECTOR The Satyam scandal and other corporate scams exposed the growing need for introducing the concept of Independent Directors in Corporate Governance. Revised Corporate Governance structure gave rise to reconstitution of board so as to include high-calibre Non-Executive Independent Directors and prevention of the concentration of power in oneRead More →

TRANSFER OF SHARES   One of the most important characteristics of a company is that its shares are transferable. Section 44 of the Companies Act, 2013 states that the shares or debentures or other interest of any member in a company shall be movable property, transferable in the manner providedRead More →

Website Compliance The enactment of the Companies Act, 2013 which replaces the Companies Act, 1956 is one of the most significant legal reforms in India, to bring the Indian company law at par with the global standards. The Act has introduced significant changes in the company law in India, especiallyRead More →

Good News!!!!   To provide relief to millions of small businesses reeling under the impact of the Covid-19 lockdown, Finance Minister Nirmala Sitharaman on Wednesday announced a slew of liquidity measures, which include collateral-free automatic loan worth Rs. 3-lakh crore. Borrowers with up to Rs. 25 crore outstanding and Rs.Read More →

(Pursuant to section 135 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 Applicability on every company including branch office or project office of foreign companies Net Worth of Rs.500 Crore or more,  OR Turnover of Rs. 1000 Crore or more,  OR Net Profit or Rs. 5 Crore or moreRead More →

S No. Compliance Responsibility Compliances Documents Execution Timeline 1 Transferor and Transferee Execution of Share Transfer deed SH-4 2 Transferor and Transferee Share Transfer deed shall be dated 3 Transferor and Transferee Stamp duty affixed on Share Transfer deed at the rate of 0.25% of consideration and stamps shall beRead More →