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Deposits in Nidhi Company The fixed deposits shall be accepted for a minimum period of six months and a maximum period of sixty months. Recurring deposits shall be accepted for a minimum period of twelve months and a maximum period of sixty months. In case of recurring deposits relating to mortgage loans, the maximum period of recurring deposits shall correspond […]
Continue reading »Companies (Adjudication of Penalties) Rules, 2014 In exercise of the powers of Adjudication of Penalties conferred by section 454 read with section 469 of the Companies Act, 2013, the Central Government hereby makes the following Short title and commencement These rules may be called the Companies Adjudication of Penalties Rules, 2014. They shall come into force on the 1st day […]
Continue reading »Procedure for Reduction of Share Capital of Company In exercise of the powers conferred under sub-section 1 and 2 of Section 469 read with section 66 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes Reduction of Share Capital of Company by the following rules, namely: Short Title and Commencement These rules may be called the […]
Continue reading »Liquid Assets – Trustees Guidelines 1. These Guidelines may be called the Reserve Bank of India Guidelines for Trustees of deposit-holders of the deposit taking NBFC. 2. No company/bank shall be entitled to act as a Trustee of deposit-holders unless it is a scheduled commercial bank or limited company engaged in trust business with minimum capital of Rs. 50 lakhs […]
Continue reading »Composition of benches of the national company law tribunal Central Government under section 419(1) of the Companies Act, 2013 is empowered to form composition of Benches of National Company Law Tribunal (NCLT). In the first phase the Ministry of Corporate Affairs of company registration have set up eleven Benches, one Principal Bench at New Delhi and one each Regional Benches […]
Continue reading »In exercise of the powers conferred by National Financial Reporting Authority sub-section (3) of section 132 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:- Short Title and Commencement These rules may be called The National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and […]
Continue reading »Companies (Meetings of Board and its Powers) Rules, 2014 In exercise of powers conferred under sections 173, 175, 177, 178 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 and in supersession of the Companies (Central Government’s) General Rules and Forms, 1956 or any other Rules prescribed under the Companies […]
Continue reading »Cancellation or suspension of certificate of registration or recognition The authority may cancellation or suspend the registration of a valuer of the company or recognition of a registered valuers organization for violation of the provisions of the Act, any other law allowing him to perform valuation, these rules or any condition of registration or recognition or cancellation, as the case […]
Continue reading »Register of members Every company limited by shares shall, from the date of its one person company registration in Coimbatore, maintain a register of its members in Form. No. MGT.1: Provided that in the case of a company existing on the commencement of the Act the particulars as available in the register of members maintained under the Companies Act, 1956 […]
Continue reading »Companies (Issue of Indian Depository Receipts) Rules, 2014 – SEBI Guidelines For the purposes of section 390, no company incorporated or to be incorporated outside India, whether the company has or has not established, or may or may not establish, any place of business in India (hereinafter in this rule called ‘issuing company’) shall make an issue of Indian Depository […]
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