Holding company

Clarification with regard to Section 185 of the Companies Act, 2013

General Circular No 03/2014 No.01/12/2013-CL.V Government of India Ministry of Corporate Affairs 5th Floor,™ A' Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi-110001. Dated: 14/2/2014 To All Regional Directors, All Registrar of companies, All Stakeholders. Subject: Clarification with regard to Section 185 of the Companies Act, 2013. Sir, 1. This Ministry has received number of… Read More

Tags: Companies ActCompanies Act 1956Holding companyLoanNew DelhiRegistrar of CompaniesSection 372A of the Companies ActSubsidiary

External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs)

RBI/2013-14/397 A.P. (DIR Series) Circular No. 78 December 3, 2013 To All Authorised Dealer Category I Banks Madam / Sir External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the A.P. (DIR Series) Circular… Read More

Tags: Capital expenditureCentral bankECBEuropean Central BankForeign Exchange Management ActHolding companyReserve BankSpecial purpose entitySPVSPV GmbH

Commencement Notification CA2013 :: Section 192 :: Restriction on non-cash transactions involving directors.

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 192- Restriction on non-cash transactions involving directors (1) No company shall enter into an arrangement by which ” (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets… Read More

Tags: Annual General MeetingBoard of directorsCompanies ActDebentureFeedBurnerHolding companySecurity (finance)SharesSite of Special Scientific InterestSubsidiary

Commencement Notification CA2013 :: Notified Sections 19,20,21

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter II -Incorporation of Company and Matters Incidental Thereto (Sections 3 - 22) Notified Section 19- Subsidiary company not to hold shares in its holding company (1) No company shall, either by itself or through its nominees, hold any shares in its holding company and no… Read More

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