Nidhi rules, 2014

These rules may be called Nidhi Rules, 2014 In the official gazette on their publication date they shall come into force. These rules shall apply to- a, Every company which had been declared as a Nidhi or Mutual Benefit society under sub-section (1) of section 620 A of the Companies Act, 1956; and b, every company functioning on the lines of a Nidhi Company or […]

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Voting, preservation of register of members etc. and annual return.

Voting, preservation of registration of members and annual return. The register of members along with the index shall be permanently preserved and shall be kept in the secretary of the company secretary of the company or any authorized person for such purpose by the Board The debenture holders register or any other security holders along with the index shall be safeguarded for a eight years […]

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Disclaimer of onerous property in an LLP.

 Disclaimer of onerous property in an LLP case which is being wound-up. 1, where any LLP property which is being wound up consists of a, Any tenure land, burdened with onerous covenants. b, Companies registration stock or shares. c, Any other property which is unsaleable or is not sale able readily, by reasons of it’s the process or binding thereof either to any onerous performance or […]

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Shares, closing of register of members.

Shares and section 154 of the Companies Act, 1956 contains guidelines for closing the register of members. It lays down. 1, A company may, after giving not less than previous seven days notice in some newspaper advertisement circulating in the district in which the company registered office is located, close the register of members or the debenture register holders for any period or not exceeding […]

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