KSR is a Practicing Company Secretary with over 30 years of experience. He has been rendering professional services in the areas of Company Law, Company Secretarial Practice, Public Issues, Corporate Governance, Administration, Management, International Marketing etc.,
He has designed and developed Csmart - a Company Secretarial Software (http://csmart.co.in/) aimed at making the life of a Company Secretary much easier saving valuable time. Lot of secretarial work is automated using the software.
He could be contacted at firstname.lastname@example.org
Qualification : B.B.A.,LLB., F.C.S.
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A:No 80, Sri Nilayam, 2nd Main, Koramangala 1st Block, Bangalore 560034 Bangalore, Karnataka,
Unlike Section 217 of the old Companies Act, 1956, Section 134 of the new Companies Act, 2013 is very exhaustive and provides lots of useful information about the management and its activities to the Shareholders. Most of the information are 'Compliance Related'. To name a few, ''Details of Deposits received and the loans made and the guarantees provided, contracts… Read More
Introduction Simplicity has lost its meaning under the new Act. Complexity under the garb of ''Transparency and Accountability' has forced entered the door of Corporate Sector. Simplicity is thrown out of the window. This Statement may seem to be harsh but that is the reality. The reader could very well understand this fact when he… Read More
Sometimes Companies are getting registered to hold immoveable properties or an Intellectual properties without having any business activity for a few years. These Companies later on either get revived or merged with some other Company/Companies depending upon the need of the hour. Some promoters register companies with an intention to start its business activities after… Read More
SECTION 139, 141,142, and 144 of the Companies Act, 2013 and the Companies (Audit and Auditors ) Rules, 2014 deal with appointment of Auditors, the criteria to become Auditors and payment of their remuneration etc. The new Act has not simplified the process. It is for us to understand the complexities involved and to a possible extent… Read More
BUY BACK OF EQUITY SHARES Normally the Sections in the Act deals with the compliance part of it and the rules connected to the particular Section lays down procedures for compliance and the Forms for submission. Under the new Companies Act, 2013, we get confused as to which is the Act and which is the… Read More
Section 152, 164, 165, 167, 196 and Schedule V read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 govern the appointment of Regular Directors, Whole time Director and Managing Directors. The qualifications to be appointed for these posts are well enumerated in the Act as well as in the rules. The aforesaid provisions… Read More
The age old Companies (Issue of Share Certificate ) Rules, 1960 has been replaced with the new Rules viz., Companies (Share Capital and Debentures ) Rules, 2014 with respect to Issue of Share Certificates and other allied matters. From now on the following rules governing Share Certificates shall apply. Let us explore one by one.… Read More
SECTION 188 deals with related Party Contracts. We shall try to understand the Statutory compliance relating to ˜RELATED PARTY CONTRACTS™ under the Companies Act, 2013 in the form of FAQs. Applicability of the Section Section 188 of the Companies Act, 2013 is applicable to both Private and Public companies and is effective from 1st April,… Read More
INTRODUCTION Every Professional is familiar with the usage of his Digital Signatures in all the MCA-21 E-Forms since 2006. Now the Companies Act, 2013 has extended its scope further. The Act now requires authentication of entries in the Statutory Registers by affixing digital signatures of the Authorised Signatory from time to time when the same… Read More
LEGAL ASPECTS GOVERNING BOARD MEETINGS THROUGH VIDEO CONFERENCING AND THE ELIGIBLE CRITERIA FOR PASSING CIRCULAR RESOLUTIONS UNDER THE NEW COMPANIES ACT, 2013 AND THE RULES FRAMED THEREUNDER Introduction The Companies Act, 1956 gave the flexibility to the Board to pass the required resolutions either through Board Meetings or through circular resolutions in case of emergency.… Read More