Procedure for Issue of Sweat Equity Shares under the Companies Act, 2013
Sweat equity shares are shares issued by a company to its directors or employees at a discount, or for consideration other than cash, in return for their know-how, intellectual property rights or other value additions.
Procedure for Buy-back of Shares under the Companies Act, 2013
A buy-back is a company purchasing its own shares from its shareholders and cancelling them.
Procedure for Issue of Bonus Shares under the Companies Act, 2013
A bonus issue converts a company’s accumulated reserves into share capital by issuing fully paid-up shares to existing shareholders free of cost, in proportion to their holding.
Audit Committee Meeting Procedure under the Companies Act, 2013
The Audit Committee is the Board’s main oversight body for financial reporting. It reviews the financial statements before the Board approves them, approves related party transactions, oversees the auditors and internal controls, and runs the vigil mechanism. In a listed company, its role is wider still, with a detailed list of functions under the SEBI (LODR) Regulations.
Extra-Ordinary General Meeting (EGM) Procedure under the Companies Act, 2013
Director Identification Number (DIN) means an identification number allotted by the Central Government to any individual, intending to be appointed as director or to any existing director of a company
Procedure for Cancellation or Surrender of Director Identification Number
Director Identification Number (DIN) means an identification number allotted by the Central Government to any individual, intending to be appointed as director or to any existing director of a company
Procedure for the Appointment of First Auditor in a Company
The first auditor of a company, other than a Government company, shall be appointed by the Board of Directors within thirty days from the date of registration of the company and in the case of failure of the Board to appoint such auditor, it shall inform the members of the company, who shall within ninety days at an extraordinary general meeting appoint such auditor and such auditor shall hold office till the conclusion of the first annual general meeting.
Procedure for Change in Name of the Company
Name clause is the first clause in the Memorandum of Association (MOA) which contains the name of the company.
Change in Object Clause of the Company
Object clause defines the goals/purpose for which a company is incorporated or activities which a company can undertake upon incorporation and it is a part of Memorandum of Association (MoA) of a company.
Procedure for Increase in the Authorised Share Capital
Section 61 (1) (a) of the Company’s Act, 2013 stipulates that a limited company having share capital may, if so authorised by its Article of Association (AOA), alter its memorandum (MOA) in its general meeting to increase its authorised share capital by such amount as it thinks expedient.
