Amendment to E-voting – Rule 20 of Companies (Management and Administration) Rules, 2014

E-voting - Rule 20 of Companies (Management and Administration) Rules, 2014 Ministry of Corporate Affairs notified amendment to e-voting related provision effective from 19 March 2015. Comparison of earlier and new provision with effects thereof are stated below.   Existing provisions New provisions Comment - The provisions of this rule shall apply in respect of … Continue reading Amendment to E-voting – Rule 20 of Companies (Management and Administration) Rules, 2014

Section 76: Acceptance of deposits from public by certain companies.

76. (1) Notwithstanding anything contained in section 73, a public company, having such net worth or turnover as may be prescribed, may accept deposits from persons other than its members subject to compliance with the requirements provided in sub-section (2) of section 73 and subject to such rules as the Central Government may, in consultation … Continue reading Section 76: Acceptance of deposits from public by certain companies.

Section 23 Public offer and private placement.

Chapter III PROSPECTUS AND ALLOTMENT OF SECURITIES [Sections 23 to 42] Provisions of the Companies Act, 2013: Section 23: Public offer and private placement. For this provision, no rules are prescribed the Companies Rules, 2013. [Section 23 (partially) is brought to force with effect from September 12, 2013. Part of provisions, stating applicability of Part … Continue reading Section 23 Public offer and private placement.