Ministry vide The Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014 Dated:14.08.2014, has amended the limits as to transactions as contained in the initial rules, in relation the 1st provisio to Section 188 (1) of the Companies Act, 2013. The revised rules in comparison with the Original
Provisions, Procedure For Allotment Of Securities By Way Of Private Placement
Unlike the Companies Act, 1956, the Companies Act, 2013, stipulates stringent provisions for allotment of securities. These provisions have also been made applicable to Private Companies. The provisions of Section 42 and rules made thereunder are to be complied in case of allotment of Securities by Private placement and the
Related Party Transactions – Section 188
Section 188 of the Companies Act, 2013 [No.18 of 2013], notified to be effective from 01.04.2014, integrates the provisions of Sections 294, 294A, 294AA, 297 and 314 of the Companies Act, 1956 [No.1 of 1956]. The provisions of Section 188 are applicable to all Companies, including OPC/Small Companies. To understand