What is Section 62 of Companies Act, 2013?
➢ Section 62(1)(a) of the Companies Act, 2013 states that company making right issue should send a letter of offer. ➢ No prospectus is required for ‘right issue’ to existing members, even if the members have right to renounce the right to a third person, who may or may not be a member.
What is Section 12 of Companies Act, 2013?
(1) A Company shall, on and from the fifteenth day of its incorporation within thirty days of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it.
What is Section 225 Companies Act?
However, Section 225 of Companies Act 2016 prohibits the company from giving a loan or providing security for a loan granted to a person connected with the director of its holding company. (b) enter into any guarantee or provide any security in connection with a loan made to such person by any other person.
What is Section 55 of Companies Act, 2013?
Companies Act Integrated Ready Reckoner|Companies Act 2013|CAIRR. Section 55. Issue and redemption of preference shares. (1) No company limited by shares shall, after the commencement of this Act, issue any preference shares which are irredeemable.
What is the new form 44?
Notice Of Situation Of Registered Office And Of Office Hours And Particulars Of Changes.
What is Section 224 of Companies Act 2016?
S224 of Companies Act 2016 A Company shall not make a loan to a director of the company or any related company. A Company also shall not enter into any guarantee or provide any security in connection with a loan made to such a director by any other person.
What is Section 201 Companies Act 2016?
Section 201. DECLARATION BY A PERSON BEFORE APPOINTMENT AS DIRECTOR, OR BY A PROMOTER BEFORE. INCORPORATION OF CORPORATION.
What is capital redemption?
Capital redemption reserve account is a type of reserve maintained by a company limited by shares and as the name suggests this reserve deals with shares which are redeemable. The shares which are purported to be redeemed are paid out of the profits of a company.
What is form PAS-4?
What is Form PAS-4? A Private Placement Offer Letter is the document that a Company issues while making a Private Placement Offer to a specified group of persons.
Is PAS-4 required to be filed?
After the Companies (Amendment) Act, 2017 w.e.f. 07.08. 2018, Section 42 and Rule 14 have been completely substituted and there is no provision of filing of offer letter in Form PAS-4 and record of persons to whom the offer letter is issued in Form PAS-5 with ROC.
What are the fixed assets of a company?
List of Fixed Assets 1 Land 2 Building 3 Factories 4 Machinery 5 Vehicles 6 Inventory 7 Computer Hardware 8 Softwares 9 Office Supplies 10 Office Equipment like Printers, Chairs, etc 11 Natural Resources 12 Patent 13 Copyrights 14 Franchisee 15 Licenses
How is the acquisition or disposal of a fixed asset recorded?
The acquisition or disposal of a fixed asset is recorded on a company’s cash flow statement under the cash flow from investing activities.
When should assets be recorded as fixed assets?
When assets are acquired, they should be recorded as fixed assets if they meet the following two criteria: 1 Have a useful life of greater than one year; and 2 Exceeds the corporate capitalization limit. More
What are the assets of a company?
Those assets included land, building, machinery, cars, computers, and other similar kinds of assets defined by law, the accounting standard and company policies. Those assets usually have large value and their useful life is more that one year.