As per section 164(2)(a), no person who is or has been a director of a
company which has not filed financial statements or annual returns for any continuous period of three financial years shall be eligible to be re-appointed as a director of that company or appointed in other company for a period of five years from the date on which the said company fails to do so. Under the 1956 Act, such disqualification was with respect to non-filing of annual accounts or annual returns of a public company. In case, all the directors disqualify, how the company would function. Some time period needs to be given to regularize the default.
Are SBEBS meant for all kinds and cadres of employees? What kinds of
employees are eligible for SBEBs?
Can an Independent director be eligible for sweat equity share if he has given value addition to the company?
How many OPCs can be incorporated by a person or in how
many OPCs, he shall be eligible to be a nominee?
Can persons resident in India subscribe to bonds (foreign currency/INR) issued by eligible ECB borrowers in overseas centers or IFSCs as permitted in the ECB framework?
Can an employee who is also a promoter of a company eligible
to obtain sweat equity shares and employee stock of option?
Can Shareholder Tender Additional Shares Than Its Eligible Offer Made by Company under Buyback offer?
If yes, then Under Which section or Rule it is given under companies act?
as per Rule 17(6) States That " In case the number of shares or other specified securities offered by the shareholders or security holders is more than the total number of shares or securities to be bought back by the company, the acceptance per shareholder shall be on proportionate basis out of the total shares offered for being bought back."
It Says about Proportion but I want to know additional shares in case other members not tendering and remaining shares to offered to other member.
Please suggest if LLP can borrow from Foreign resident?
Please Suggest me, Will all the employees of the company be eligible to participate in the ESOP?
Which companies are required to submit the FLA Return?Click here to view / answer Share it on
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