Privately held company

Companies Act, 2013 Important provisions which have become effective from 12th September, 2013

Companies Act, 2013 Important provisions which have become effective from 12th September, 2013 The Ministry of Corporate Affairs has notified  12th Septmber, 2013 as effective date for 98 sections of the Companies Act, 2013 (hereinafter referred as ˜the Act™)  vide its notification dated 12th September, 2013.  Certain important provisions (which have become effective) are briefly… Read More

Tags: Companies ActCompanySecretaryCorporate Affairs MinistryFinancial servicesFixed DepositIncome taxPrivately held companyPublic companySubsidiary

Commencement Notification CA2013 :: Notified Sections 185 :: Loan to directors, etc

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 185- Loan to directors, etc (1) Save as otherwise provided in this Act, no company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom  director is… Read More

Tags: Board of directorsExtraordinary resolutionFeedBurnerLegal personalityPrivately held companyReserve Bank of IndiaRupeeSecurity (finance)

Concept of Private Listed Company

Well any literate will take the above title as contradictory and absurd as there can be no such company which is privately held and still a publicly traded company. I want to assure our readers that the title is not my creativity, but what is proposed by Companies Bill, 2012 (herein after referred as Bill).… Read More

Tags: BillCompanies ActIndiaMaxima and minimaPrivately held companyPublic companySaharaSecurities & Exchange Board of IndiaStock exchangeThe Companies Act 1956

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