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 Act, CompanySecretary, Corporate Affairs Ministry, Financial services, Fixed Deposit, Income tax, Privately held company, Public company, Subsidiary
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 directors, Extraordinary resolution, FeedBurner, Legal personality, Privately held company, Reserve Bank of India, Rupee, Security (finance)
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: Bill, Companies Act, India, Maxima and minima, Privately held company, Public company, Sahara, Securities & Exchange Board of India, Stock exchange, The Companies Act 1956