Section 180(1)(c) applicable to Section 8 companies?
This Section is not applicable to private companies and Section 8 company (Class: private) is eligible for privileges given to limited companies. MCA has not given any specific exemption as given under July 2015 notification.
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applicable
What is the exact meaning of "event of inadequacy or absence of profits in any year"? What are criteria for profit to be considered as "inadequate" under section 123 of the Companies Act 2013? '
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Dear Members,
Can a Company apply for removal of its name from Registrar of Companies under Section 248(2) even before completion of 1 year from the date of its incorporation on the ground that:
"subscribers to the memorandum have not paid the subscription which they had undertaken to pay at the time of incorporation of a company and a declaration to this effect has not been filed within one hundred and eighty days of its incorporation under sub section (1) of section 10A"
Checklist for the issue of Sweat Equity Shares under Companies Act, 2013
Will the X Company will be an affiliate of Y Company if Y Company holds 50% shares in X Company ?
Companies Act and LODR doesn't define the term affiliate.
Request to accord views please.
How can Section 464 of the Companies Act, 2013 be explained in layman's terms?
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Greetings !!!
Has received a resubmission regarding the Companies incorporation rule, 2014 as per rule 13(5) stating that the Documents INC-9 and DIR-2 has not been Notarized and apostilled but according to the above mention rule it States that:
"13 (5) Where subscriber to the memorandum is a foreign national residing outside India-
(a) in a country in any part of the Commonwealth, his signatures and address on the memorandum and articles of association and proof of identity shall be notarized by a Notary (Public) in that part of the Commonwealth.
(b) in a country which is a party to the Hague Apostille Convention, 1961, his signatures and address on the memorandum and articles of association and proof of identity shall be notarized before the Notary (Public) of the country of his origin and be duly apostilled in accordance with the said Hague Convention.
(c) in a country outside the Commonwealth and which is not a party to the Hague Apostille Convention, 1961, his signatures and address on the memorandum and articles of association and proof of identity, shall be notarized before the Notary (Public) of such country and the certificate of the Notary (Public) shall be authenticated by a Diplomatic or Consular Officer empowered in this behalf under section 3 of the Diplomatic and Consular Officers (Oaths and Fees) Act, 1948 (40 of 1948) or, where there is no such officer by any of the officials mentioned in section 6 of the Commissioners of Oaths Act, 1889 (52 and 53 Vic.C.10), or in any Act amending the same;
(d) visited in India and intended to incorporate a company, in such case the incorporation shall be allowed if, he/she is having a valid Business Visa."
My Conclusion: it states that the MOA, AOA, and Proof if Identity should be Notarised and Apostilled.
So my question is whether it is mandatory to Appostile and Notarise the INC-9 and DIR-2 document executed outside India and if yes then kindly quote relevant rules or sections?
Thank you.
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companies
Is it profitable to buy stocks of companies which are under NCLT?
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How do we determine, and what is the scope of an arm's length transaction under Section 188 of the Companies Act 2013 (related party transactions)? What is the test to determine whether a transaction is on an arm's length basis or not?
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