Daily Compliance Dose

Section III – Sch V

When the Company is newly incorporated company it may pay remuneration to Managerial Personnel up to the two times remuneration permissible under Section II of Sch V till seven years from date of incorporation.

See you tomorrow.

Tuesday, May 24, 2016

Disclosures on Website - Companies Act, 2013





Chapter
Section
Rule
Particulars/Disclosures/Content/Comment
11
168
15
Post information about resignation of Director within 30 days of receipt of the notice of resignation.
6
--
18
Notice of General Meeting.
9
136(1)
--
Every Company having subsidiary:
Separate Audited Accounts in respect of Subsidiary
9
135
9
Corporate Social Responsibility Policy.
12
177
--
Establishment of Vigil Mechanism
Sch VI - Code for ID
--
--
Terms & Condition of Appointment of Independent Director
6
--
10
Closure of register of members or debenture holders or other security holders
5
--
4(3)
Every Company inviting public deposits from Public upload a copy of circular on website.
6
--
20
The results declared along with the scrutinizer’s report shall be placed on the website of the company and on the website of the agency within two days of passing of the resolution at the relevant general meeting of members
6
--
22
The notice of the postal ballot shall also be placed on the website of the company forthwith after the notice is sent to the members and such notice shall remain on such website till the last date for receipt of the postal ballots from the members
9
136(1)
--
Listed Company - Financial Statements including Consolidated Financial Statements and all other documents required to be attached thereto.
8
124(2)
--
The company shall within a period of 90 days of making any transfer of an amount u/s 124(1) to Unpaid Dividend Account, prepare a statement containing the names, their last known addresses and the unpaid dividend to be paid to each person and place it on the website of the company, if any, and also on any other website approved by the Central Government for this purpose. - Section 124 is not yet enforeced.

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