IntroductionIssuing new shares is a common practice for companies to raise capital. When a company decides to issue fresh shares, it must comply with the regulations set forth in the Companies Act, 2013. One such provision is the Right Issue, which allows existing shareholders the opportunity to purchase additional shares in proportion to their current holdings. Definition and Purpose As per Sec......

The Registrar of Companies (ROC) is a registry that manages the administration of companies under the Companies Act, 2013 set up by the Ministry of Corporate Affairs. Every company is required to file the audited financial statements and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the date of conclusion of the Annual General Meeting. Section 129 and 1......

INTRODUCTION: - In simple words, dormant company means a company which is an inactive company in the records of the Registrar of Companies and which is not carrying out any business activity and has applied to the Registrar of Companies to change its status in the register of companies maintained by the Registrar of Companies from “Active Company” to “Dormant company”. DO......

The Ministry of Corporate Affairs (MCA) vide its notification No G.S.R. 700(E) has further revised the limits of paid-up capital and turnover in the definition of small company. The Paid up Capital has been increased from “not exceeding Rs 2 crore” to “not exceeding Rs 4 crore”. Furthermore, the turnover has been increased from “not exceeding Rs 20 crore” to &l......

APPOINTMENT OF 1st AUDITOR [Section 139 & Rule 3 of Companies (Audit and Auditors) Rules, 2014] The Board of Directors of a company shall appoint an individual or firm as the first auditor of a company, other than a Government company, within thirty days from the date of registration of the company. The auditor so appointed shall hold the office from the conclusion of that meeting till the co......