If a director is disqualified u/s 164, does he vacate the office in
the defaulting company only or in all other companies in which he is a
Whether a foreign Company can be registered as a Section
8 Company in India?
Can a member of a Section 8 Company appoint any person
who is not a member of such Company, as his proxy for
An employee who is also a relative of a director is proposed to be paid a
hefty bonus by the company. Examine whether such payment of bonus will be treated as a related party transaction?
Regulation 9 ,requires a listed entity to frame a policy for preservation of documents approved by its board of directors, classifying them into the documents that can be preserved permanently or can be preserved for a period of not less than eight years after completion of the relevant transactions. What types of documents are covered under this regulation??
If the holding of any shareholder remains the same but the percentage of
shareholding or voting rights of the total paid up share capital of the target company changes due to some corporate actions like buyback or
preferential allotment, whether the shareholder is required to make
disclosure of the change in shareholding disclosure under regulation 29(2)
of Takeover Regulations, 2011?
Do all acquisitions of shares in excess of the prescribed limits and / or
control lead to an open offer?
What did you mean from the word ‘ordinary course of business’ under section 188 of Companies Act 2013?Click here to view / answer Share it on
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
Section 2(88) of the Companies Act, 2013 defines Sweat Equity Shares as equity shares issued by a company to its director or employee at discount or for consideration other than cash, for providing know-how or making available like intellectual property rights or value addition.
Section 2(37) of the Companies Act, 2013 defines employees stock option as the option given to the directors, employees or officers of the company or of its holding or subsidiary company, the right to purchase or benefit or subscribe for the shares of the company at a predetermined price on a future date. Thus, ESOP is a scheme where a company proposes to increase its subscribed share capital by issuing further shares to its employees at a predetermined rate.
This can be concluded that sweat equity shares are offered to only those directors or employees who make value addition to the company at discount price whereas ESOP refers to the options offered to all the employees at a predetermined price.
Hope it helps!