What is the Registered office of a company? The Registered Office of a company is the place from where the principal business activities of a company are carried out. In short it is an office address of the company to which official letters, notices, communications will be sent by the Government authorities, Banks, Financial Institutions and various other stakeholders of the company. Why is it important to have a Registered Office of a company?...

Ministry of Corporate Affairs on 30th June 2021 vide [General Circular No. 11/2021](http://Ministry of Corporate Affairs on 30th June 2021 vide General Circular No. 11/2021 has provided relaxation of additional fees in filing certain e-forms under the Companies Act, 2013 and the LLP Act, 2008 which have/are falling due during the period from 01/04/2021 to 31/07/2021. The MCA has further extended the timeline for filing such forms to 31st August 2021....

Background For opening a Bank Account of a company, an authority of the Board of Directors is required. This authority is granted by passing a resolution in the meeting of the Board of Directors. During the meeting, the Board approves the bank in which account needs to be opened, who shall be the signatory for the said account, the limits, whether the account is to be operated singly by any one director or jointly by 2 or more directors, etc....

Background Section 139(8) of the Companies Act, 2013 Casual vacancy in the office of an auditor of the company shall be filled by the Board of Directors within 30 days from the date of such casual vacancy. Casual vacancy in the office of auditor can be due to resignation or death or disqualification (as provided under Section 141) of the auditors. In case the casual vacancy is created due to resignation of an existing auditor, then appointment of new auditor shall be approved by the members by convening a general meeting within 3 months from the date of recommendation by the Board and he shall hold office from the conclusion of that general meeting till the conclusion of next Annual General Meeting of the company....

“RESOLVED THAT pursuant to provisions of Section 161(1) of the Companies Act, 2013 and other applicable provisions of the Act, including any modification and reenactment thereof, and pursuant to provisions of the Articles of Association of the Company, Mr./Ms./Mrs./Smt. ___________________(Name of the proposed Director) _________(DIN Number) who has given his consent to act as Director of the company, be and is hereby appointed as Additional Director of the Company with effect from ____________ (date), who shall hold office upto the of ensuing Annual General Meeting of the Company or the last the on which ensuing Annual General Meeting shall be held, whoever is earlier, *****liable to retire by rotation....

“RESOLVED THAT pursuant to provisions of Section 184 (1) of the Companies Act, 2013 read with Rule 9(1) of the Companies (Meetings of the Board and its Powers) Rules, 2014 general disclosure of interest received in Form MBP-1, from the directors of the Company as placed before the Board be and is hereby taken on record.” “RESOLVED FURTHER THAT pursuant to provisions of Section 164(2) of the Companies Act, 2013 read with Rule 14(1) of the Companies (Appointment of Directors) Rules, 2014, Declaration in Form DIR-8, received from the Directors of the Company as placed before the Board be and is hereby taken on record....

An independent director is a non-executive director who apart from receiving managerial remuneration, does not have any pecuniary relationship with the company or its promoters or its management or its subsidiary, which otherwise affect their independence of judgement. Independent directors add credibility to the company and help the company to achieve better growth, profitability and sustainability alongside good corporate governance. An independent director is a member of the Board of Directors....

Introduction Section 149(1) of the Companies Act, 2013 requires every company to have a Board of Directors, consisting of individuals as under: For Private Limited companies - Minimum of 2 Directors For Public limited companies - Minimum of 3 directors and  For One Person company - One Director The maximum number of Directors allowed on the Board is 15 but the company by passing a special resolution at General Meeting may increase the maximum number and appoint more than 15 Directors on its Board....

Meaning and definition of Associate Company as per the Companies Act, 2013 Section 2(6) of the Companies Act, 2013 as amended by the Companies (Amendment) Act, 2017 define an Associate Company as under: “An associate company, in relation to another company, means a company in which that other company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company....

Unlike share capital, a Loan is also one of the important sources of financing for a company. The term “loan” is not defined under the Companies Act, 2013. In general parlance, a loan means any transaction wherein money is given to returning with or without interest. To meet larger or small financial requirements, companies do approach financial initiations or banks. But what if there is an urgent requirement of funds, can a company approach its Directors or shareholders for meeting such requirements?...