eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.
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The Companies Bill, passed by both the Houses of Parliament and signed by President of India, is a historic piece of legislation aimed at improving transparency and accountability in India's corporate sector. On its enactment, post the presidential consent; the law will replace the Companies Act, 1956. The Act, when enacted, will allow the country to have… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter VI -Registration of Charges (77 - 87) Section 86- Punishment for contravention If any company contravenes any provision of this Chapter, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to ten lakh… Read More
Chapter IV -Share Capital and Debentures (Sections 43 - 72) Section 58- Refusal of registration and appeal against refusal (1) If a private company limited by shares refuses, whether in pursuance of any power of the company under its articles or otherwise, to register the transfer of, or the transmission by operation of law of the… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter IV -Share Capital and Debentures (Sections 43 - 72) Section 44- Nature of shares or debentures The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company. Section… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified This post contains details of 3 notified sections as provided here: Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 37- Action by affected persons. A suit may be filed or any other action may be taken under section 34 or section 35… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Notified Section 32- Red herring prospectus (1) A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus. (2) A company proposing to issue… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 29- Public offer of securities to be in dematerialised form. (1) Notwithstanding anything contained in any other provisions of this Act,- (a) every company making public offer; and (b) such other class or classes… Read More
Commencement Notification Of Companies Act 2013 :: 98 Sections Notified Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 23- Public offer and private placement except clause (b) of sub-section (1) and sub-section (2) (1) A public company may issue securities” (a) to public through prospectus (herein referred to as "public offer") by complying… Read More
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
Commencement Notification Of Companies Act 2013 Notified Details of Section 2 In this Act, unless the context otherwise requires,” (1) abridged prospectus means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulation in this behalf; [ Not Notified] (2) accounting standards means… Read More
The Ministry of Corporate Affairs, has notified 98 sections of the Companies Act 2013 (18 of 2013) by way of a notification dated 12th September 2013. All these sections will now come into immediate effect from 12th September 2013. The professional must now read both the Companies Act viz. 1956 and 2013 together, in order to… Read More
RBI/2013-14/251 A. P. (DIR Series) Circular No.42 September 12, 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Investment in India Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies Attention of Authorised Dealers Category I (AD Category… Read More
RBI/2013-14/249 UBD CO BPD PCB Cir No.14/09.18.300/2013-14 September 11, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, Implementation of Core Banking Solution (CBS) by Urban Co-operative Banks (UCBs) Please refer to our circular UBD BPD (PCB) Cir. No.42/09.18.300/2012-13 dated March 13, 2013 on the captioned subject advising UCBs to implement CBS… Read More
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