Format of Shareholders resolution and explanatory statement for amendment of Articles of Association for increasing authorised share capital of private limited company
SHAREHOLDERS RESOLUTION AMENDMENT OF ARTICLES OF ASSOCIATION FOR INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY The members considered the proposal of amendment of Articles of Association for increasing Authorized Capital of the Company. The chairman then put the resolution to vote by show of hands and same was passed unanimously as Special Resolution. “RESOLVED […]
Format of Shareholders resolution and explanatory statement for increasing authorised share capital of private limited company
SHAREHOLDERS RESOLUTION INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY AND ALTERATION IN CLAUSE V OF MEMORANDUM OF ASSOCIATION OF THE COMPANY The members considered the proposal of increasing Authorized Capital of the Company from existing Rs. __________/- (Rupees __________ Only) divided into ________ equity shares of Rs. 10/- each to Rs. __________/- (Rupees ___________ […]
Format of Board Resolution for increasing authorised share capital of Private Limited Company
INCREASE IN AUTHORIZED SHARE CAPITAL OF THE COMPANY AND ALTERATION IN CLAUSE V OF MEMORANDUM OF ASSOCIATION OF THE COMPANY The Chairman informed the Board of Directors that it is proposed to increase Authorized Capital of the Company from existing Rs. __________/- (Rupees __________ Only) divided into ________ equity shares of Rs. 10/- each to […]
THE INCOME-TAX BILL, 2025
Income tax bill 2025 – to be introduced in Lok Sabha for approval.
FORMAT OF VAKALATNAMA
VAKALATNAMA IN THE HON’BLE _____________________________________________ AT ________ SUIT / APPEAL / APPLICATION / PETITION NO. ________ OF 20___ …PLAINTIFF / PETITION / APPLICANT / APPELLANT (S) V/S … DEFENDANT / RESPONDENT (S) I/we ____________________________________________________________________________________________________________ (Name and address of Party who is providing Vakalatnama) the in the above Case, Suit, Petition, Appeal, Reference, Review or […]
Format of Board Resolution for Pledge of Equity Shares against loan facility
“RESOLVED THAT in accordance with the provisions of the Companies Act, 2013, the Articles of Association of the Company, and other applicable laws, the consent of the Board of Directors be and is hereby accorded to pledge (Number of shares) equity shares of (Name of Company whose share are pledged) held by the Company in […]
Format of Board Resolution for providing Corporate Guarantee
“RESOLVED THAT pursuant to the provisions of Section 186 of the Companies Act, 2013, read with the relevant rules thereunder (if applicable), and subject to such approvals, consents, sanctions, and permissions as may be required, the consent of the Board of Directors be and is hereby accorded to provide a corporate guarantee in favor of […]
Good news Budget 2025 –NIL tax till turnover of Rs. 2 crores for small businesses and Rs. 24 Lakhs professional income for professionals filing income tax return under Section 44AD and Section 44ADA Income Tax Act respectively.
In Budget 2025, the Hon’ble Union Finance Minister Smt. Nirmala Sitharaman has presented new income tax proposal for increase of tax exemption limit in the Income Tax Act. The tax exemption limit through rebate has been increased to Rs 12 lakh for non-salaried taxpayers and to Rs 12.75 lakh for salaried taxpayers (due to standard […]
Business in South Africa Guide
South Africa’s economy is expected to grow at some 1.6% over next three years. Operational problems in freight rail and ports continue to disrupt economic activity and limit the country’s export potential. Comprehensive reforms are under way in these sectors; although it will take time to see a recovery in growth. Household consumption is under […]
High Court of Bombay – Writ Petition under Article 226 of the Constitution of India is maintainable against “Non-state” – Ankit Bhuwalka Erstwhile Director of Bhuwalka Steel Industries Limited Vs IDBI Bank Limited – Writ petition No. 12 of 2025
In the recent judgement dated 16 January 2025, passed by Hon’ble High Court of Bombay, in the wilful defaulter matter of Ankit Bhuwalka Erstwhile Director of Bhuwalka Steel Industries Limited Vs IDBI Bank Limited and other held that writ Petition under Article 226 of the Constitution of India is maintainable against “Non-state”. Learned Counsel Mr. […]