Procedure for Right Issue of Equity Shares by a Private/Public Limited Company
• Where a company having share capital proposes to increase its subscribed capital by issuing further shares, such shares shall be offered to the existing equity shareholders of the company in proportion to the paid-up share capital of those shares by sending letter of offer.
Procedure for Private Placement in Public & Private Companies
A private placement refers to the offering or issuance of securities by the Company to a specific group of identified individuals, rather than through a public issue.
Procedure for the Appointment of an Additional Director
Board of Directors has the power to appoint any director as an additional director other than a person who fails to get appointed as a director in a general meeting, if authorized by the Article of Association (AoA) of the company.
Procedure for Appointment of Small Shareholders’ Director
A listed company may appoint a small shareholders’ director suo moto or upon receiving notice from either one thousand small shareholders or one-tenth of the total number of small shareholders, whichever is lower.
Appointment of Directors
As per Section 2(34) of Companies Act,2013 – “Director means a director appointed to the Board of a company.”
In common words, a director is an individual appointed to oversee and manage the overall operations, governance, and strategic direction of a company. They hold a position of trust and authority, making key decisions that shape the company’s policies, financial health, and long-term goals. Directors are legally responsible for ensuring that the company operates in compliance with all applicable laws and regulations, safeguards the interests of its shareholders and stakeholders, and upholds ethical business practices.
Extension of Last Date for Filing Annual RoDTEP Return (ARR) for FY 2023-24
The new deadline for ARR submission is 30th June 2025. The grace period has been extended up to 30th September 2025.
Clarification on holding of AGM and EGM through VC or OAVM
Clarification on holding of AGM (Annual General Meeting) and EGM through Video Conference (VC) or other Audio Visual Means (OAVM)
Non-applicability of higher rate of TDS/TCS in event of death before linkage of PAN & Aadhaar
CBDT specified non-applicability of higher rate of TDS/TCS in event of death before linkage of PAN and Aadhaar under section 206AA/206CC
Enforcement dates for Sections 11,12 & 13 of Finance Act 2024 notified
Central Board of Indirect Taxes and Customs (CBIC) has issued a notification in respect of Finance Act, 2024 (the Act)
e-Adjudication platform under Companies Act 2013
E-adjudication module, has been conceptualised to manage the increased volume of adjudication proceedings by RoC & Regional Directors & will facilitate end to end digitisation of the process of adjudication