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3 min read • Dec 7, 2020

Alteration of Memorandum of Association | Object Clause

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 document which governs a company.

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2 min read • Dec 7, 2020

Procedure for issue of Bonus shares under Companies Act, 2013

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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2 min read • Dec 6, 2020

Appointment of KMP and its Procedure

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, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 deal with legal and procedural aspects of appointment of KMP.

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3 min read • Dec 5, 2020

Issue of Sweat Equity Shares - All you need to know

Sweat Equity shares are the shares issued by a company in the form of reward to its directors or employees. Shares are issued at discount or Consideration other than cash for providing knowhow or making any value additions which generates synergy to the company. Sweat Equity shares is the reward given to the directors or employees for their hardwork and dedication towards the Company.

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0 min read • Dec 4, 2020

Different types of Shares as per the Companies Act 2013 | Brief details of types of shares

According to section 2(84) of the Companies Act 2013, Share means, a share in the share capital of the company and includes stock. A share is referred as a unit of ownership which represents an equal proportion of a companys capital. A company issues shares to the public, when it needs to raise funds for various reasons.

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2 min read • Dec 2, 2020

Process note on Shifting of Regd office outside the local limits of the city, town or village

Registered office of a company is a principle place of business activity of a company. It is mandatory for all companies to have its registered office and to inform the Registrar of Companies (ROC) about the location and any change thereto within the prescribed time.

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2 min read • Dec 2, 2020

Process note on Shifting of Regd office within the local limits of the city, town or village

Registered office of a company is a principle place of business activity of a company. It is mandatory for all companies to have its registered office and to inform the Registrar of Companies (ROC) about the location and any change thereto within the prescribed time.

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1 min read • Aug 3, 2020

Mandatory Board Committees under Companies Act and SEBI

A board committee is a small working group consisting of board members, for the purpose of supporting the board’s work. They perform expertise work and members of committee are expected to have expertise in the specified field.

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2 min read • May 8, 2020

All about Related Party Transactions and its provisions

Related Party Transactions are covered under Section 188 of the Companies Act, 2013 under which the Transactions entered with Related Parties are required to be approved by the Board and Shareholders as per the limits prescribed under the provision.

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