Summary of Days in Companies Act and other acts.
to file petition in case of change in objective by shareholders | 21 days after passing special resolution |
to file petition in case of alteration of rights of shareholders | 30 days of the decision |
Time to allot shares | 3 + 3 months |
Return of allotment | within 30 days after allotment |
Issue Share Certificate | Within 2 months after the allotment of shares |
Closing of inspection of register of shareholders | 7 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 provided | within 30 days of information sought by the company. the company shall provide details to the office within 7 days |
Substantial Shareholder | Information to company within 3 days of 'Knowledge' of being a substantial shareholder or Ceasing to be a substantial Shareholder |
Call of Shares | Notice 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 BOD | within 35 days of knowledge of the matter (net worth is half or less than paid up capital) |
Buy-Back | 12 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 shares | 120 days of such buy back |
Published By
Aadesh Kandel
Share
Comments