Solubilis – Company Registration in Madurai

Manner of books of account to be kept in electronic mode The books of accounts and other relevant books and papers maintained in electronic mode shall remain accessible in India so as to be usable for subsequent reference. The books of account and other relevant books and papers referred to in sub-rule (1) shall be retained completely in the format […]

Terms and Conditions of Acceptance of Deposits by Companies On and from the commencement of these rules, no company referred to in sub-section (2) of section 73 and no eligible company shall accept or renew any deposit, whether secured or unsecured, which is repayable on demand or upon receiving a notice within a period of less than six months from […]

Issue of Sweat Equity Shares (1) A company other than a listed company, which is not required to comply with the Securities and Exchange Board of India Regulations on sweat equity, shall not issue sweat equity shares to its directors or employees at a discount or for consideration other than cash, for their providing know- how or making available rights […]

Mediators and Conciliators of the Company Regional Director shall prepare a panel of experts willing and eligible to be appointed as mediators or conciliators in the respective regions and such panel shall be placed on the website of the Ministry of Corporate Affairs or on any other website as may be notified by the Central Government. The Regional Director may […]

Debenture The company shall not issue secured debenture, unless it complies with the following conditions, namely- An issue of secured debentures may be made, provided the date of its redemption shall not exceed ten years from the date of issue. Provided that the following clauses of companies may issue secured debentures for a period exceeding ten years but not exceeding […]

Institution of proceedings, Petition, Appeals – Procedure Every appeal or petition or application or caveat petition or objection or counter presented to the Tribunal shall be in English and in case it is in some other Indian language, it shall be accompanied by a copy translated in English and shall be fairly and legibly type written, lithographed or printed in […]

Conversion of Unlimited Company into a limited liability company by shares or guarantee Without prejudice to any other provision in the Companies Act, for effecting the conversion of an unlimited liability company with or without share capital into limited liability Company by shares or guarantee, such a company shall pass a special resolution in a general meeting and thereafter, an […]

Introduction Companies (Share Capital and debentures) Rules, 2014 are prescribed by the Central Government under the Companies Act, 2013. Rule 8 of the said Rules provides for issue of sweat equity shares. Section 54 (1) of the Companies Act, 2013 provides that a company may issue sweat equity shares of a class of shares already issued if contain conditions specified […]

License under section 8 for new companies with charitable objects A person or an association of persons (hereinafter referred to in this rule as “the proposed company”), desirous of incorporating a company with limited liability under sub-section (1) of section 8 without the addition to its name of the word “Limited”, or as the case along with the fee as […]