— Any aggrieved party may file an appeal against the order of the Registrar of Companies refusing to register any circular under sub-section (2) of section 238 of the Act and the said appeal shall be in the Form No. NCLT.
Section 29 of Companies Act, 2013 – Public Offer of Securities to be in Dematerialised Form.
In terms of section 29(3) of the Companies Act 2008, No 71 of 2008 (the Act), a company may provide any person with a summary of any particular financial statements.
Provided that the shifting of registered office shall not be allowed if any inquiry, inspection or investigation has been initiated against the company or any prosecution is pending against the company under the Act.
Regulation 29(5) to the Companies Act determines that an independent review of a company's annual financial statements must not be carried out by an independent accounting professional who was involved in the preparation of the said annual financial statements.
29(1): Acquirers acquiring shares or voting rights of a Target Company must disclose to the company their aggregate shareholding and voting rights, if their shareholding in the Target Company becomes 5% or more.
(1) In the case of an unlimited company, the articles shall state the number of members with which the company is to be registered and, if the company has a share capital, the amount of share capital with which the Company is to be registered.
(1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other ...
Action by affected persons. A suit may be filed or any other action may be taken under section 34 or section 35 or section 36 by any person, group of persons or any association of persons affected by any misleading statement or the inclusion or omission of any matter in the prospectus .
34. Effect of Registration. (1) On the registration of the memorandum of a company, the Registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited.
that prospectus, and in respect of a second or subsequent offer of such securities issued during the period of validity of that prospectus, no further prospectus is required.
Section 30(5) of the Act requires that the disclosure must show the amount of any remuneration or benefits paid to or receivable by persons in respect of a. services rendered as directors or prescribed officers of the company, or b. services rendered while being directors or prescribed officers of the company i.
28. Accounting records. (b) including any prescribed accounting records, which must be kept in the prescribed manner and form. (2) A company's accounting records must be kept at, or be accessible from, the registered office of the company.
(1) Each year, a company must prepare annual financial statements within six months after the end of its financial year, or such shorter period as may be appropriate to provide the required notice of an annual general meeting in terms of section 61 (7).
Regulation 29(4) of the Companies Act states when a company's annual financial statements must be independently reviewed. The first instance is where a company has a public interest score of at least 100 during the particular financial year.
20. Companies not to be registered with undesirable names. (1) No company shall be registered by a name which, in the opinion of the Central Government, is undesirable.
(3) Notwithstanding anything contained in this section, where it is proved that a prospectus has been issued with intent to defraud the applicants for the securities of a company or any other person or for any fraudulent purpose, every person referred to in sub-section (1) shall be personally responsible, without any ...
Section 38 of Companies Act, 2013 – Punishment for Personation for Acquisition, etc., of Securities. (c) otherwise induces directly or indirectly a company to allot, or register any transfer of, securities to him, or to any other person in a fictitious name, shall be liable for action under section 447.
(1) To provide guidance to the directors with regard to their duties, responsibilities and powers. (2) To formulate the business strategies. (3) To represent before various Regulators, and other authorities in connection with discharge of various duties.
Every individual, who is to be appointed as director of a company shall make an application electronically in Form DIR-3, to the Central Government for the allotment of a Director Identification Number (DIN) along with such fees as provided in the Companies (Registration Offices and Fees) Rules, 2014.
7-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014. (1) Every application made to the Central Government under the provisions of Chapter XIII shall be made in Form No. MR. 2 and shall be accompanied by fee as may be specified for the purpose.
Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.
(1) The subscriber to the memorandum of a One Person Company shall nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber's death or his incapacity to contract, become the member of that One Person Company.
Provided that in case pursuing of any of the objects of a company requires registration or approval from sectoral regulators such as Reserve Bank of India, Securities and Exchange Board, registration or approval, as the case may be, from such regulator shall be obtained by the company before pursuing such objects and a ...
(1) The One Person company shall alter its memorandum and articles by passing a resolution in accordance with sub-section (3) of section 122 of the Act to give effect to the conversion and to make necessary changes incidental thereto.