Is approval of SEBI required for issue of shares by listed co. on preferential basis.
Or
In principle approval of Stock exchange is only required?
In a case like yours, the Date of AGM will be decided at the Board Meeting to be held on, say, 30.09.2020 at 10.00 AM at which, inter alia, the Day and Date (say, Wednesday, 30.09.2020) and Time (say, 04.00 PM) of the AGM to be convened at a shorter Notice would also be decided. The Financial Statements would be circulated through E-mail immediately on their Approval to be accorded at the said Board Meeting. Circular of MCA dated 21.07.2015 warrants convening of AGM at a shorter Notice as well as the circulation of the Financial Statements at a shorter Notice.
Provisions of section 101 of the Companies Act, 2013 pertaining to convening of AGM at a shorter Notice should be complied with, including Written / Digitised Consent of 95 % of Members entitled to Vote at the AGM. For GMs other than an AGM, condition of Consent of Members is Amended vide Companies (Amendment) Act, 2017 wef 09.02.2018.
The word “shorter” is not defined under the Companies Act, 2013 which may give the benefit of doubt in favour of the Board of Directors of the concerned Company. In terms of section 101, an AGM may be convened at a Notice period of less than clear 21 Days. Section 101 1st Proviso does not stipulate any Threshold Notice period of either Minimum No. of Days or Minimum No. of Hours. So, a shorter Notice may be of even a couple of Hours, too.
In the concurrent Electronic era, communication at the lightning speed is possible which may make happen the situation envisaged vide the Trailing E-mail.
One should not plan such a situation, though can be taken care of, if it is inevitable.
The above views may sound aggressive, but that is how the Professionals help develop or re-develop the Law under the direction and guidance of the Judiciary.
Dear All,
Back Ground of the Company:
The Company is under brownfield sector under FDI rules. The company got approvals from FIPP for complete transaction and now the company become 100% foreign subsidiary in 2018.
My query
Now the Foreign company plan to Invest more in the equity now the company again need to approach FIPP
As per consolidated FDI policy 2017
4.2 Cases which do not require Fresh Approval ( Page No. 20 )
IV Additional foreign investment up to cumulative amount of Rs 5000 crore into the same entity within an approved foreign equity percentage/or into a wholly owned subsidiary.
Hi,
If we need to change both , what will be filed first,
RUN or
MGT-14 for change of objects
Hi friends,
DIR6 was uploaded for one of the Director to update change of address on 3.10.19.
It was sent for resubmission and subsequently resubmitted immediately.
Now the form is pending for approval and DIN KYC web form's due date is today.
Also we are not allowed to DIN web KYC form.
If the form is not approved today, will there be a late filing fees of ?5000/- tomorrow?
kindly suggest which authority from whom approval is taken
Click here to view / answer Share it on
approval
regulatory
authority
activity
investment
name
company
earlier
change
Dear Members,
If company having 2 directors, registered office in Bangalore, one directors is out the of country till October, how to conduct board meeting for accounts approval?
any suggestions?
Thanks and Regards,
ACS Punam Rajak,
Dear all
we incorporated one subsidiary of a foreign company in which foreign company holds 98% equity share.
please guide me what is the procedure for receiving subscription money from a foreign company.
please also request to share details procedure for RBI approval, if needed.
share
subscription
approval
Dear Members
FORM DPT-3 filed for our group companies are not yet approved and the status is showing as 'pending for approval'.
Any member got approval from ROC for DPT-3 forms, if yes, in how many days of the filing of the form.
Thanks
approval
case :- my client want LLP to be incorporated with the name HINDUSTAN BIODIEZEL LLP/ HINDUSTAN BIODIESELS LLP, but resubmission received stating that ' word HINDUSTAN not allowed as per rule 18(1) of LLP Rules read with sec 3 & 4 of emblems act.' As many of LLPs are already registered with name starting from HINDUSTAN belonging to different industry.For eg: HINDUSTAN PHARMATECH LLP,etc. Than now what should i do. Please do suggest.
incorporation
approval
name
regarding
Dear sir,
we want to incorporate llp which is providing insurance and mutual fund advisory services. i applied for Name Approval Following query raised from Roc. i want only 2nd name "prominent financial services imf llp. my question is whether noc from irda is enough. i already attached 2 noc from irda with below name. or we should attached relpy letter if yes then plz send formate of reply letter.
"1. The proposed 1st name is identical / nearly resembles with ""K.D. FINANCIAL SERVICES PRIVATE LIMITED"" and shall
not be registered as per Section 15(2)(b) of the LLP Act, 2008. NOC from all Existing company along with KYC of company & authorised signatory is required to be attached. Or add a suitable prefix/ suffix/ activity to make it unique one.
2. For the 2nd name, in-principal approval of IRDAI is required to be attached as the company is doing business of ""MUTUAL FUNDS & INSURANCE"""
The defects or incompleteness in any respect in this eForm as noticed by the Registrar have been placed on the
Ministry website (www.mca.gov.in) In view of the above, you are therefore, directed that this eForm should be resubmitted complete in all respects by 09-04-2019 failing which the eForm shall be treated as invalid and shall not be taken on record or transaction shall be cancelled.
In this matter please take note as below
Anybody please share the procedure and documents to get approval of Banks for Payment of Remuneration in case of inadequate profit when Company is a defaulter
