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Protection of minority shareholders rights plays very crucial role under Sections 241-246 of the Companies Act, 2013. These provisions ensure that the supremacy of the majority is not abused through oppression of the minority and mismanagement of the company.
Section 185 of the Companies Act, 2013 (“the Act”) speaks about Direct or Indirect Loan or Advances to Directors by Company.
As per this right, the promoters before making their exit from the company shall have to make first offer for sale of their shares to the existing investors of the company i.e., venture capital/ private equity funds etc.,
The enterprise compliance solution ensures businesses meet standards set out in organisational policies, industry standards, and government regulations.
On 9th November, 2023, the Ministry of Corporate Affairs (MCA) introduced Significant Beneficial Owner (SBO) rules for Limited Liability Partnerships (LLPs), thereby mandating LLPs to declare their significant beneficial owners in their contributions. Previously, SBO rules were exclusively applicable to Companies under the Companies (Significant Beneficial Owners) Rules, 2018.
The Ministry of Corporate Affairs, on October 27, 2023, has introduced certain amendments for companies especially Private Limited Companies focusing on corporate governance and transparency with respect to ownership of shares/ securities.
The Ministry of Corporate Affairs, on October 27, 2023, has introduced certain amendments for LLPs introducing additional corporate governance practices and disclosures regarding beneficial interest in the contribution of the LLP.
Companies often look for ways to raise funds to support their business activities. However, while raising such funds, company might trigger Deposit related compliances under the Companies Act, 2013 (“CA 2013”) read with the Companies (Acceptance of Deposits) Rules, 2014 (“CAD 2014”).
“Nidhi” also known as “Mutual Benefit Society” is governed by Section 406 of the Companies Act, 2013 and Nidhis Rules, 2014. “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of saving amongst its members.
Those investors who are interested in getting goods returns from the stocks rather than holding more stocks