AIM for CS

05/12/2017

Good news for cs students ...

Aim INSTITUTE conducting "free mock test" for EXECUTIVE and foundation (all subjects) from 11 to 20 th DECEMBER..
Please enrol one-day before

Contact - 9052727191

28/10/2017

Aim Student Invitation

Dear CS Aspirant,

We are conducting a Special lecture on Overall Concepts of Company Law by an expert law professor , This is Going to be very informative and helpful to succeed in our professional career.

Will serve as revision for company law subject.

We have arranged this special lecture exclusively for your benefit.

Please Do Come and Make it Successful.

it Is tomorrow(Sunday)
Time : 10.30 AM
venue : Aim Premises

04/10/2017

Happy CS DAY all CS student's and members

01/10/2017

09/09/2017

9 September 2017

Quick Reference to "General Rules about Payment of Call Money" :-

1. The Board of Directors have Authotity to make calls on Shares by Resolution passed at the Board Meeting.

2. The application amount payable on each share must be minimum of 5% of Nominal Amount of Share.

3. The 14 days notice is required to be send by the Company to its members for each call.

4. The Gap/ Interval of 1 month is required between Two Calls.

5. Not More than 25% of Nominal Value of Shares can be called at one time.

6. A member can pay call money in advance , even if no part of that amount has been called up.

7. The Directors of the Company has power to Postpone a call once it's made.

8. The Directors of the Company has power to Revoke a call once it's made.

9. The members is liable to pay interest if he is fail to pay call money.

10. The AOA of the Company may have separate rules regarding Payment of Call money.

05/09/2017

Quick Reference to "Signing of Financial Statement/ Board Report" :-

Legal Provision:-

Section 134 (1) , 134 (6) of Companies Act, 2013.

A. Signing of Financial Statement:-
Case1- If Chairman is Authorized by board then only his signature is sufficient.

Case2- MD /CEO/CFO is appointed--

2 directors ( out of 2 directors , 1 director should be MD /CEO/CFO if they are appointed).

Case3- MD/CEO/CFO is not Appointed :-

Can be signed by 2 directors.

B. Signing of Board Report :-

Case1- If Chairman is Authorized by board then only his signature is sufficient.

Case2- MD is Appointed:-

It can be signed by 2 directors and 1 of whom shall be MD

Case 3 - If MD is not appointed :-

It can be signed by 2 directors.

Special Note:-
In case of OPC's , Financial Statement and Board Report shall be signed by only 1 director.

05/09/2017

Quick Reference to "Company to contribute to bona fide and Charitable Funds"
i.e. Section 181 of Companies Act, 2013

Points:-

1. Without Approval of Members in the General meeting:-

Total Contribution is upto 5% of Companies Average Net Profit for three immediately preceding F.Y.

2. With the Approval members in General meeting:-

Total Contribution is More than 5% of Companies Average Net Profit for three immediately preceding F.Y.

3. It is Different from Political Contribution and Contribution to National Defence Fund.

03/09/2017

Quick Reference to "Deposits:-

Legal Provision:-

Section 73 to 76A of Companies Act, 2013

Companies Acceptance of Deposits Rules, 2014.

Ceiling Limit/ Quantum for acceptance of Deposits:-

1. Private Company:-

From members:-

Upto 100% of aggregate paid up capital + Free reserves+ securities premium.

From Public:-

Prohibited

2. Public Company ( other than eligible company) :-

From members:-

Upto 35% of aggregate paid up capital + free reserves.

From Public:-

Prohibited.

3. Eligible company:-

From members:-

Upto 10% of aggregate paid up capital + Free reserves.

From Public:-

Upto 25% of aggregate paid up capital + free reserves.

4. Government Company:-

From members:-

Quantum not specified. ( Not allowed)

From Public:-

Upto 35% of aggregate paid up capital + Free reserves.

Note:-
Eligible company means a public company having Net worth of minimum 100 cr ₹ or Turnover of minimum 500 cr ₹ .

31/08/2017

Shifting of Registered office from From one state to another state. :-

1. Pass Board resolution in the board meeting.

2. Hold general meeting and pass special resolution subject to confirmation by Central Govt.

3. CTC of special resolution should be filled in form MGT-14 within 30 days from the general meeting.

4. Application to Central Govt in form INC-23 and Central Govt will fix date of hearing.

5. Application should be with following documents:-
# Affidavit signed by CS and min. 2 directors.
# Affidavit from directors that employee is not retrenched due to shifting.
of Creditors
from RBI is require if company is NBFC.

6. The company shall invite objections at least 14 days before hearing.

7. Advertisement of the application in form INC-26 in a vernacular newspaper and atleast in one english newspaper circulating in that district.

8. Individual notice to debenture -holder and Creditors.

9. The Central Govt may give consent to the alteration after scrutiny of various documents and hearing.

10. File a certified copy of Confirmation Order in form INC-28 within 30 days.

11. File form INC-22 within 15 days of such change.

30/08/2017

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