Examples of CA 2013 in a sentence
The CA 2013 removes this flexibility and consequently preference shareholders of both private and public companies will be subject to these restrictions.The CA 1956 made a distinction between when preference shareholders holding cumulative or non-cumulative preference shares could exercise their respective voting rights.
In this regard, Section 139(3) of the CA, 2013 merely empowers the members to prescribe for rotation of auditing partner and his team at such intervals as they may deem appropriate.However, RBI, vide its circular dated 10th November, 2014 revised the regulatory framework for NBFCs including changes in the corporate governance regime.
Guffey, Do Joint Fighter Programs Save Money?, RAND Project Air Force, Santa Monica, CA, 2013, http://www.rand.org/pubs/monographs/MG1225.html.
Under CA 2013, bonus shares may be issued to its members by a company out of its free reserves or security premium account or capital redemption reserve account.
Although it may be true that these added checks and restraints result from some of the scams that were discovered in the past wherein the provisions under CA 1956 were misused by some companies to, inter alia, siphon off money from the public, these changes will surely make doingbusiness (or rather compliance with CA 2013) more challenging for India Inc.
Board and lodging will be charged for, except for families in receipt of Income Support or Working Families Tax Credit who should make a special application in confidence to the Head Teacher.The cost of travel, entrance fees, educational activities, insurance and staff expenses will be covered by inviting voluntary contributions.
CONCLUSION While CA 2013 has brought about a few welcome changes for investors and companies alike, it has equally introduced hurdles and additional compliance requirements which shall require significant re working on some of the existing structures and steps used by corporates for raising capital and managing the rights of strategic investors in the company along with the other shareholders including the promoters.
The CA 2013, whilst retaining the other requirements pertaining to buy backs as existing under the CA 1956, now prescribes a cooling off period of 365 days has to be maintained between any 2 buy backs, whether shareholder approved or board approved.Key Takeaway: Under the CA 2013 a cooling off period of 365 days has to be maintained between any 2 buy backs, whether shareholder approved or board approved, removing the flexibility that existed under the CA 1956.
Abatzoglou JT, Kolden CA (2013) Relationships between climate and macroscale area burned in the western United States.
Gompert, Sea Power and American Interests in the Western Pacific, RAND, Santa Monica (CA), 2013, 193 pp.