company holding
Yes, Right Sohil
The appointment of Key Managerial Personnel (KMP) of a holding company in its subsidiaries depends on various factors such as the structure of the group, the business needs of each subsidiary, and applicable laws and regulations.
As per the Companies Act, 2013, a KMP of a holding company can be appointed as a KMP in one or more subsidiaries of the holding company, provided that such appointment is made by following the prescribed procedure and with the necessary approvals.
However, it is important to note that the appointment of KMPs in subsidiaries should be done in a manner that ensures compliance with all relevant laws and regulations, including those related to the appointment of KMPs, related party transactions, and corporate governance.
Moreover, the appointment of KMPs in subsidiaries should also take into account the specific business needs and requirements of each subsidiary, as well as the overall strategic objectives of the group.
Can anybody help in applying for Material Safety Data Sheets (MSDSs) Certificate required by a Company engaged in manufacturing and trading of cigarettes and other tobacco products?
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Have you taken the necessary steps to establish the director's account on the MCA (Ministry of Corporate Affairs) website as a Business User? Follow these steps to ensure a smooth process:
Step 1:Start by registering your Director as an authorized representative of the company within the Business User section of the MCA V3 portal.
Step 2:Next, proceed to register the Digital Signature Certificate (DSC) of the authorized representative under the 'associate DSC' category within FO (Front Office) services.
Step 3:To update the email address and mobile number associated with the Director's DIN (Director Identification Number), file Form DIR3KYC.
Step 4:In the Profile Update section, add the user role as "Director" and provide the relevant DIN. This will prompt the system to send OTPs (One-Time Passwords) to the email address and mobile number updated during Step 3.
By diligently following these steps, you can address your concern effectively. We are optimistic that this sequence of actions will lead to a resolution of your issue.
what is the process of Micro finance company registration, whether it needs RBI Approval being a NBFC, only own would be used for micro financing
Click here to view / answer Share it onregistration company finance micro Can a director take advance salary from the private limited company equal to six months salary? Do we need to any specific compliance for the same in mca?
Click here to view / answer Share it onAn illiterate person wants to become a subscriber, how can he sign as a subscriber to the Memorandum of Association?
Click here to view / answer Share it onsubscriber person illiterate As per sub-section (1) of section 101 of Companies Act, 2013, a company can call a general meeting by giving notice of twenty one clear working days notice either in writing or through electronic mode. Refer to Notification No. GSR 464(E) dated 5-6-2015 (Exemption to Private Company), in case of private companies, Section 101 shall apply unless otherwise specified in respective sections or the articles of association of the company provide otherwise. so private limited company can hold a general meeting by giving notice of less than 21 days if the articles of the private company so provides ?
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Share the draft formats for ESOP - employee investment in the company.
And also need a clarification that, should it required to take share valuation report from registered valuer and Income tax merchant Bank both or how?
esop formats drafts requirement
I have seen , Many company are showing their website on letter head but not doing the compliances related disclosures on website which is mandatory such as :
Website address on all its official publications like business letter heads, billheads, and notices and other documents etc.
-The notice of “Change of objects for which money is raised through prospectus” under Rule 32 shall be published on the website;
-Details of Annual Return; (Important to note generally applicable on Companies )
-Details of Vigil Mechanism;
-CSR and Company’s policy on director’s appointment and remuneration;
-Terms and Conditions of the Independent Director;
-Closure of register of members or debenture holders;
-Notice of General Meeting including AGM;(Important to note generally applicable on Companies )
-Notice of Voting through electronic means;
-Notice of Postal Ballot;
-Special Notice, if any;
-Striking Off of the name of the company details; (Important to note generally applicable on Companies )
-Unpaid Dividend Details;
-Invitation of Deposits;
-Resignation of Director details, if any. (Important to note generally applicable on Companies )
As per Section 450 of the Companies Act of 2013, the penalty for non-compliance by the company or any officer of the company who defaults to any of the Act’s provisions will be Rs 10,000.
For continuing contravention, it will be a further fine of Rs 1,000 for every day of default. This will apply to the default of non-disclosure, a company must take care of publishing all relevant information on the website.
Can anyone suggest if any company having website but not active or able to control like no full time IT Professional for assisting website, then in that case also its applicable ?
companies disclosures mandatory website having 
Dear Madam,
Greetings!
Section 203(3) of the Act provides that whole-time Key Managerial Personnel shall not hold office in more than one company except in its subsidiary company at the same time. This throws the question can company appoint one whole-time KMP for more than once subsidiary. Since there is no any clarification from Ministry of Corporate Affairs (MCA) so some experts formed an opinion that as per section 13 of the General Clauses Act, 1897 ‘singular’ shall include the ‘plural’, unless there is anything repugnant in the subject or the context. Thus, whole-time KMP may hold office in more than one subsidiary company.
Hope it helps