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Days in Companies Act

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Aadesh Kandel,

Last Updated: 2022-09-14

 

Summary of Days in Companies Act and other acts.



to file petition in case of change in objective by shareholders21 days after passing special resolution
to file petition in case of alteration of rights of shareholders30 days of the decision
Time to allot shares3 + 3 months
Return of allotmentwithin 30 days after allotment
Issue Share CertificateWithin 2 months after the allotment of shares
Closing of inspection of register of shareholders7 days notice (public company). close for a period of 30 days at one time, overall 45 days max in a year
Information on title to share to be providedwithin 30 days of information sought by the company. the company shall provide details to the office within 7 days
Substantial ShareholderInformation to company within 3 days of 'Knowledge' of being a substantial shareholder or Ceasing to be a substantial Shareholder
Call of SharesNotice to specify payment within 30 days. Additional 30 days to be provided to pay call with interest. Refund after forfeiture shall be made within 3 months after the forfeiture.
Preparation of appropriate strategy by BODwithin 35 days of knowledge of the matter (net worth is half or less than paid up capital)
Buy-Back12 Months from the date of adoption of resolution in GM. Details to be submitted to CRO within 30 days of buyback
Cancellation of bought back shares120 days of such buy back





Corporate Law

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Aadesh Kandel

Category : Corporate Law

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