As Zomato prepares up to get listed on the exchanges in the coming months, the firm undertook a corporate restructuring to convert itself from a private limited company to a public company. Also, Zomato passed a special resolution on April 5 to take this move, amending the Memorandum of Association (MoA) and renaming the company … Read more
The Lok Sabha has passed the Companies (Amendment) Bill that seeks to decriminalise specific offences under the Companies Act, 2013, in case of defaults but not involving frauds. Let’s Understand in Detail – The Companies (Amendment) Bill, 2020 The Companies (Amendment) Bill, 2020, was passed by Lok Sabha where Around 48 sections of the Companies … Read more
In view of the COVID-19 outbreak, the Government has granted companies an additional 180 days to file the Declaration of CoB in the Form INC-20A. Time-limit to file Declaration of CoB Raised As per the Companies Act 2013, every newly incorporated company is required to file a declaration of commencement of business (CoB) in … Read more