The buyback of shares is a corporate financial strategy where a company repurchases its own shares from existing shareholders. This process reduces the number of outstanding shares, thereby increasing the ownership stake of remaining shareholders. Companies may undertake a buyback for various reasons, including returning surplus cash to shareholders,...
Read MoreThe Offer of securities in demat mode refers to the issuance or sale of securities in electronic or dematerialized form. Dematerialization involves converting physical certificates of securities into electronic form, which can then be held and traded electronically through a depository system. Regulatory authorities in many countries, including India,...
Read MoreShare capital in a company limited by shares can be classified in two buckets- equity and preference capital. Equity shares can be with voting rights or with differential rights with respect to voting, dividend or any other criteria. To know more about differential right shares please refer to...
Read MoreAPPLICABLE PROVISIONS Section 169 and 115 of the Act ESTIMATED TIMELINES 30-35 days TYPE OF MEETINGS Board meeting and General meeting FORMS TO BE FILED DIR-12 PENALTY FOR NON-COMPLIANCE Any non-compliance with respect to above provisions shall be punishable with fine...
Read MoreI. Under Companies Act, 2013 Part A: Convert Section 8 Company to Private or Public Company As per the Companies Act, if a Section 8 company intends to cease its operations, it is mandated to undergo a conversion process to a private or public company before initiating the closure....
Read MoreMCA has introduced a new mandate for all limited liability partnerships (LLPs) outlined briefly as follow: RULE AMENDMENTS TIMELINE TO COMPLY 22A Register of Partner · In Form 4A, register of Partners need to be maintained by LLP at their registered office. · It must contain details of...
Read MoreMajor revamp of Companies Act enhancing accountability of ultimate beneficial interest in shares and significant move towards digitization making the demat of shares mandatory even for private companies. Akansha Rathi and Associates (ARACS), Company Secretary Firm in Navi Mumbai is engaged into compliance related services. We have a team...
Read MoreBook of Accounts includes: – all sums of money received and expended by the company and explanation of the said transaction; all sales and purchases of goods and services by the company; the assets and liabilities of the company; the items of cost as may be prescribed under section...
Read MoreThe share capital of a company shall be of two kinds, namely: — (a) equity share capital— with voting rights; or with differential rights as to dividend, voting or otherwise. (b) preference share capital. While equity shares with voting rights and preference shares are well-known, it’s worth noting that...
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