Removal of Directors
Section 169 of the Companies Act, 2013 empowers shareholders to remove a director before the completion of their tenure through a proper process. This provision is rooted in the principle that directors, though appointed by…
MCA Website Under Maintenance.
In view of the upcoming launch, MCA Website will not be available from 09th July 2025 12:00 AM to 11th July 2025 11:59 PM.
Issue of Shares on Private Placement Basis
Private Placement refers to the issue of securities (shares, debentures, etc.) by a company to a selected group of persons (not exceeding a prescribed number), other than by public offer. This is regulated under Section…
Prohibition on Issue of Shares at Discount
Prohibition on Issue of Shares at Discount Section 53 of the Companies Act, 2013, lays down a strict prohibition on companies from issuing shares at a price lower than their face value. This is a…
Rectification of Name of Company
Rectification of Name of Company Under the Companies Act, 2013, every company must have a unique and non-infringing name. If, after incorporation, it is found that the name of the company is identical with or…
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) refers to the responsibility of companies to contribute to sustainable economic development by working for the welfare of society, beyond the interests of the company and legal requirements. In India, CSR…
Director KYC (DIR-3 KYC)
The Director KYC (DIR-3 KYC) is a compliance requirement mandated by the Ministry of Corporate Affairs (MCA). Every individual who has been allotted a Director Identification Number (DIN) must file their KYC details annually with…
Issue of Bonus Shares – Complete Provision with Detailed Explanation
Bonus shares are additional shares issued by a company to its existing shareholders without any extra payment, in a proportion to their current holdings. These are issued by capitalizing the company’s reserves, and do not…