K. Bagla & Associates Bulletins

Foreign Direct Investment

An FII / FPI may invest in the capital of an Indian company under the Portfolio Investment, Scheme which... AMENDED POLICY (16.07.2015 - UNION CABINET MEETING)....

SS - 1 [SECRETARIAL STANDARD ON BOARD MEETINGS

Each Board Meeting has to be serially numbered...

ACCEPTANCE OF DEPOSITS UNDER COMPANIES ACT, 2013

Private Company and Public Company is prohibited from accepting deposits from persons other than its Directors. This means even a Private Limited Company cannot accept deposits from its Members or Relatives who a re not Directors which was allowed under the Companies Act, 1956.

BOARD MEETINGS THROUGH VIDEO-CONFERENCING

Company providing VC or any other Audio video elect ronic communication facility (Hereinafter collectively referred to as "VC") shall make necessary arrangement to avoid failure of audio or video connections i.e. No disruptions during communication.

NEW START UP OR BUSINESS ESTABLISHMENT

Many times people find it difficult to choose ‘Appropriate’ form of business entity for their new Start-up or Joint Venture.

NOTE ON ESOP OR STOCK OPTIONS UNDER COMPANIES ACT, 2013

Special Resolution is required, Liberty to the company to fix Exercise Price provided it is in compliance with applicable accounting policies, if any.

NOTE ON SSI REGISTRATION AND ITS BENEFITS

In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enter prises (MSME) are classified in two Classes:

NOTE ON WILL

In case of a Will, Property including immoveable pr operty is transferred to its beneficiary upon death of the Testator (a person making a will and executing it)

ONE PERSON COMPANY NOTE

Modern and Emerging Business Vehicle, Means a Company which has only one person as a member

TAKEOVER OF A SOLE PROPRIETOR AND PARTNERSHIP FIRM INTO COMPANY

Check whether Sole Proprietor ("SP") or Partnership Firm ("PF") has any immoveable property? If yes, stamp duty needs to be paid on its transfer.