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All about Director's Resignation, Removal and Retirement

3 min read December 8, 2020 by Team Instabizfilings
A director may resign from his office by giving a notice in writing to the company and the Board shall on receipt of such notice take note of the same and the company shall intimate the Registrar in such manner, within such time and in such form as may be prescribed and shall als
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Postal Ballot and Its Provisions

1 min read December 8, 2020 by Team Instabizfilings
The concept of postal ballot is welcome step. Usually, at an AGM attendance is by a few hundred members. The AGM of some coveting companies are held in remote places, where the registered office of such companies situate. This make it inconvenient for the members to attend in lar
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Alteration of Memorandum of Association | Capital Clause

2 min read December 7, 2020 by Team Instabizfilings
Every company limited by shares must have a share capital. Share capital refers to the amount invested in the company for it to carry out its operations. The share capital of the company can be altered or increased, subject to certain conditions. A company cannot issue share capi
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Alteration of Memorandum of Association | Object Clause

3 min read December 7, 2020 by Team Instabizfilings
Memorandum of association defines the relation of the company with the rights of the members of the company interest and also establishes the relationship of the company with the members. Memorandum of Association (MOA) is the charter document of a company, or we can say a docume
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Procedure for issue of Bonus shares under Companies Act, 2013

2 min read December 7, 2020 by Team Instabizfilings
Bonus shares are issued free of cost It is issued to current shareholders in proportion of their holding. For e.g. if it issued in 2:5 ratio, it means for every 5 shares held, they will get 2 bonus shares It is mandatorily to be issued as fully paid up shares
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Appointment of KMP and its Procedure

2 min read December 6, 2020 by Team Instabizfilings
The Companies Act, 2013, define KMP as the executive management. The executive management of the company is responsible for the day to day management of the company. The KMP are the first point of contact between the company and its stakeholders. Chapter XIII of the Companies Act
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