Solubilis – Company Registration in Madurai
Act for Acts
Nomination and Remuneration Committee – Company Registration in Madurai Under Companies (Amendment) Act, 2013, the remuneration paid to a director for any services rendered in any other capacity shall not be so included if in the opinion of the Nomination and Remuneration Committee formed under section 178(1) of the 2013 Act or in the opinion of the Board of directors, […]
Continue reading »Appointment of Directors and their retirement by rotation of the company Section 255 of the 1956 Act dealt with the appointment of directors and their retirement by rotation. The amendment in section 255(1) of the 1956 Act vide Companies (Amendment) Act, 1960 (relating to retirement by rotation) was based on the recommendations of the Companies Act Amendment Committee, which stated […]
Continue reading »Appointment of independent person as liquidator An independent person or a third party cannot be appointed as an Official liquidator in liquidation proceedings under supervision of the court. But a suitable person can be appointed as an assistant or deputy liquidator for the precise purpose of functioning under control and supervision of the High Court and act for the purpose […]
Continue reading »Committee of Creditors for the Registered Company The 1956 Act and SICA did not require holding of creditors meeting for determining the possibility of revival of the sick company. Therefore, there was no provision in the 1956 Act and SICA corresponding to section 257 of the 2013 Act. While 2013 Act empowers the secured creditors to initiate an action under […]
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