Articles

Limit of Managerial Remuneration u/s 197

November 16, 2016

Limit of Managerial Remuneration u/s 197 If Company having no Profit or inadequate profits, it may without central government approval not exceeding higher of following limits:   Where the effective capital is Limit of yearly remuneration payable shall not exceed (Rupees) (i) Negative or less than 5 crores 30 lakhs (ii) 5 crores and above […]

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CREATION OF CHARGE UNDER COMPANIES ACT 2013

October 7, 2016

77. (1) It shall be the duty of every company creating a charge within or outside India, on its property or assets or any of its undertakings, whether tangible or otherwise, and situated in or outside India, to register the particulars of the charge signed by the company and the charge-holder together with the instruments, […]

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A Practitioner’s guide for a start-upon Private Placement

September 24, 2016

There are a lot of questions about funding and the right way to work with them. Considering the changes in the Companies Act, 2013 which has changed some of the basic fundamentals and imposed some restrictions for investor protection, the challenges faced by startups have increased. So we thought that putting these thoughts together in […]

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Brief Analysis of Section 185 of the Companies Act, 2013

September 24, 2016

CS Krupa Joisar No Company shall directly or indirectly advance a. any loan or b. loan represented as a book debt or c. guarantee or d. security to any of its Director or any other person where the Director is interested. Following are the persons where the Director is interested: 1. Director of lending Company […]

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