Could you please explain the distinction between Companies Act, 2013 Section 61(1)(b), which pertains to the consolidation and division of share capital, and Companies Act, 2013 Section 61(1)(d), concerning the subdivision of shares into smaller denominations?
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The company is considering the removal of its name from the ROC. However, a complication has arisen due to the fact that the company has not conducted an AGM for the last three years and has also refrained from filing any documents within this duration.
Given this situation, the question arises whether the company can move forward with the dissolution process without the necessity of seeking compounding or condonation for the breach of Section 96 of the Companies Act 2013. Does Section 99 of the Companies Act 2013 provide the company with the ability to proceed with closure in this particular context?
What is the threshold or limit for the application of Section 180 and what is the Exemption to Private Company ?
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What are the notice requirements for calling a board meeting along with SS-1 Requirements ?
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Are there any additional compliance obligations for Indian companies with foreign directors?
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"Shall not apply to a private company:-
(i) which is a one person company or a small company; or
(ii) which has turnover less than rupees fifty crores as per latest audited financial statement or which has aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year less than rupees twenty five crore.”.
With reference to Notification No. G.S.R. 583 (E) dated 13.06.2017, which granted exemptions to private companies, there is a query regarding the inclusion of specific types of borrowings.
Specifically, the question is whether secured car loans from banks and unsecured debentures from body corporates should be included in the calculation or not. Could you kindly provide clarification on whether these types of borrowings are considered for the exemption?
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Hello Professionals
What do you mean by ‘Companies with charitable purpose’ (Section 8) under the Companies Act, 2013? What are the conditions for the issue & revocation of the license of such a company by the Government?
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What are the reporting and compliance obligations for holding and subsidiary companies?
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Are there any restrictions on the activities or investments of holding and subsidiary companies?
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What are the implications of mergers, acquisitions, or liquidation involving holding and subsidiary companies?
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What are the disclosure requirements for holding and subsidiary companies?
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What are the rights and responsibilities of a holding company towards its subsidiary companies?
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