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CRITICAL SECRETARIAL RECORDS TO BE MAINTAINED UNDER COMPANIES ACT, 2013 AND RULES MADE THEREUNDER
MANDATORY STATUTORY REGISTERS NAME OF THE REGISTER BRIEF DESCRIPTION 1. REGISTER OF RENEWED AND DUPLICATE SHARE CERTIFICATES: Section 46(3) of Companies Act, 2013 read with Rule 6(3)(a) of the Companies (Share Capital and Debentures) Rules, 2014 · This register shall be maintain in Form SH-2 indicating against the name(s) of the person(s) to whom the...Continue Reading
DEMYSTIFYING RELATED PARTY TRANSACTIONS
WHO IS A RELATED PARTY: With reference to a Company, Section 2(76) of the Companies Act, 2013 covers the following under umbrella of Related Party: INDIVIDUALS OTHER THAN INDIVIDUALS 1. Director 2. Relative of Director 3. Key Managerial Personnel (KMP) 4. Relative of KMP 5. Any person on whose advice Director or Manager is accustomed...Continue Reading
KEY AMENDMENTS IN COMPANIES ACT, 2013 AFTER COMPANIES (AMENDMENT) ACT, 2017
SECTIONS AMENDED PROVISIONS BL View Insertion of section 3A (Members shall be personally liable) Personal liability of members in case where number of members in a company is reduced from minimum statutory requirement. (For instance below 2 in case of Private company and below 7 in case of Public Company) Effective from 09.02.2018 This Provisions...Continue Reading