Company Law

Draft Format of Director’s Report for Small Private Limited Company

To the Members of [Your Company Name], In compliance with Section 134 of the Companies Act, 2013, the Directors are pleased to present the Annual Report along with …

How to Conduct and Document Board Meetings Effectively as per Companies Act 2013 and Secretarial Standards

In this article we will discuss about Board Meeting as per Companies Act 2013, Board meetings are critical for the governance of a company. They are a platform …

Convertible Notes: A Deep Dive into a Popular Startup Funding Instrument

Convertible notes are short-term loans that convert into equity, used during startup seed funding to defer valuation. They involve accrued interest, possible conversion events, and contain terms like valuation cap and discount rate. While offering flexibility and benefits to early investors, improper structure can lead to high costs and ownership dilution. Startups should seek fair terms and legal advice for efficient fundraising.

How to Declare and Pay Dividends in Accordance with Companies Act 2013

In India, the Companies Act 2013 outlines the legal process for declaring and paying dividends, involving verification of profits, board and shareholder meetings, timely deposits, and payment within prescribed periods. Companies must maintain accurate records, ensure tax compliance, and address shareholder grievances, all while adhering to corporate governance practices and periodically checking for legal updates.

Guide to Depreciation on Fixed Assets and Deferred Tax Calculation

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. In this tutorial, we’ll explore how to calculate depreciation under the …

Statutory Audit in Private Limited Company

A statutory audit is a legally required audit of the financial statements of a company by an external auditor. It is conducted to ensure that the financial statements …

Paid up Capital and Turnover Criteria Revised for Small Companies

The government has revised the Paid up Capital and Turnover Criteria Revised for Small Companies to Four crore as paid up capital and 40 crore as turnover. Small …

National Company Law Tribunal (Procedure for reduction of share capital of Company) Rules, 2016

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 15th December, 2016G.S.R. 1147(E).-In exercise of the powers conferred by sub-section (1) and (2) of section 469 read with section 66 of …

What are the Powers of Board of Directors of Company

Board of Directors of the Company plays a main important role in functioning operation of the company, Section 179 of Companies Act 2013 provides powers of Board of …

Appointment of Resident Director in India

Section 149 (3) of the Companies Act, 2013 has provided for the residence of a director in India (Resident Director in India) as a compulsory i.e. every company …

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