Section 12(1) of the Companies Act, 2013 states that a company shall have a registered office within thirty days of its incorporation which can receive and acknowledge all communications and notices.
Registered office of company. (1) A Company shall, on and from the fifteenth day of its incorporation within thirty days of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it.
(1) Any seven or more persons, or where the company to be formed will be a private company, any two or more persons, associated for any lawful purpose may, by subscribing their names to a memorandum of association and otherwise complying with the requirements of this Act in respect of registration, form an incorporated ...
12-The Companies (Incorporation) Rules,2014. An application for registration of a company shall be filed, with the Registrar within whose jurisdiction the registered office of the company is proposed to be situated, in Form No.
Section 12 (3)(c) of the Act, 2013 has come into force from 1st April, 2014. Hence, as per the provisions, companies need to get their business letters, bill heads and letter heads reprinted to incorporate the changes in them, to comply with the provisions of Act, 2013.
“(1) The change of name shall not be allowed to a company which has defaulted in filing its annual returns or financial statements or any document due for filing with the Registrar or which has defaulted in repayment of matured deposits or debentures or interest on deposits or debentures.”
(3) The memorandum of a company limited by guarantee shall also state that each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company, or of such ...
Rule 12(1B) states that every class of company which is obligated to constitute a Corporate Social Responsibility Committee in accordance with the provisions of sub-section (1) of Section 135 of the Companies Act, 2013, is required to furnish a report on Corporate Social Responsibility in Form CSR-2 to the Registrar ...
“12A. Period for notice under sub-clause (i) of clause (a) of sub-section (1) of section 62. - For the purposes of sub-clause (i) of clause (a) of sub-section (1) of section 62, the time period within which the offer shall be made for acceptance shall be not less than seven days from the date of offer.
(1) Every company shall file the financial statement with Registrar together with Form AOC-4. and the consolidated financial statement,if any with Form AOC-4.
1212Individuals and firms: eligibility for appointment as a statutory auditor. (b)is eligible for appointment under the rules of that body.
Among the new rules is Rule 11(g), which mandates auditors to report on the use of accounting software that maintains an audit trail. This new rule is significant as it ensures that the books of accounts maintained by companies are accurate and reliable, and the financial reporting process is more transparent.
the company shall file a notice in the prescribed form with the Registrar within a period of thirty days of such alteration or increase or redemption, as the case may be, along with an altered memorandum.
In our country, the Companies Act, 1956 primarily regulates the formation, financing, functioning and winding up of companies. The Act prescribes regulatory mechanism regarding all relevant aspects including organisational, financial and managerial aspects of companies.
Clause 1 of Section 123 provides sources through which dividends can be declared or paid by a company. (Discussed in detail below). Clause 2 of Section 123 provides that in accordance to Schedule II, depreciation shall be disbursed.
SEC 2(11): BODY CORPORATE
Generally, the term body corporate or corporate means an association of person having the following characteristics: It is incorporated under any law for the time being in force. It has separate legal identity. It has perpetual succession.
Rule 12A has changed the minimum time for which a right issue can be kept open, this has further made it a win-win situation for the companies as companies can now choose a period between 7-30 days to issue right shares to their shareholders.
(1) the issue of Employees Stock Option Scheme has been approved by the shareholders of the company by passing a special resolution.
Overview of Section 62 of Companies Act, 2013. Section 62 of the Act deals with the further issue of share capital in the company. A company that is limited by shares can increase its capital by issuing new shares according to the Articles of Association of the company.
As per rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate ...
Rule 10 of the Companies (Registration Offices and Fees) Rules state that the ROC will examine every application, e-form or document that a company is required or authorised to deliver or file under the Companies Act, 2013 and its rules.
MCA amends Rule 14 of Companies (Appointment & Qualification of Directors) Rules, 2014. Every director shall inform to the company concerned about his disqualification under sub-section (2) of section 164, if any, in Form DIR-8 before he is appointed or re-appointed.
[5] [Provided that a Specified IFSC private company shall have its registered office at the International Financial Services Centre located in the approved multi services Special Economic Zone set-up under the Special Economic Zones Act, 2005 read with the Special Economic Zones Rules, 2006, where it is licensed to ...
(2) The memorandum of a company limited by shares or by guarantee shall also state that the liability of its members is limited.
Section 21 of the Companies Act 61 of 1973 allows for a 'not-for-profit company' or 'association incorporated not for gain'. Section 21 companies resemble business oriented (for profit) companies in their legal structure, but do not have a share capital and cannot distribute shares or pay dividends to their members.