Form MGT-14 was introduced in the Companies Act 2013. The purpose was that certain resolutions need to be filed with the Registrar of Companies, after the passing of the same at a Board meeting or the one held by Shareholders/Creditors of the company. As per Section 117(3), a copy of every resolution or any agreement, together with [...]
What is a Private Placement? The term private placement refers to the invitation or any offer to subscribe or issue of securities to a selected group of persons by a company through private placement offer. This is a way other than the public offer. Rather it is offer-cum-application that solely satisfy the conditions given in section 42 [...]
Introduction Recently Ministry of Corporate Affairs notified various Sections of Companies Amendment Act, 2017 to further amend Companies Act, 2013. This article provides an overview of the consequential amendment rules made in the corresponding Rules as follows: Companies (Meetings of Board and its Powers) Amendment Rules 2018 Companies (Audit and Auditors) Amendment Rules 2018 Companies (Prospectus and [...]
