section 47 of the Companies Act,2013The section 47 of the Companies Act,2013 talks about three different sections to which it is connected.Relation with Section 43:“The share capital of a company limited by shares shall be of two kinds, namely: —(a) equity share capital—(i) with voting rights; or(ii) with differential rights as to dividend, voting ...
With the introduction of the Companies Act, 2013 in India, the compliance burden of every Company has increased substantially irrespective of the Company’s nature like Public Limited Company, Private Company, LLP, OPC, etc. To increase transparency in reporting, the SEBI & MCA frequently come out with some new amendments by way of notifications & circulars. Companies must adhere to all the compliances within the specified due dates, any non-compliance often results in heavy penalties. So, it’s a good practice to keep track of the relevant compliances as per the applicable provisions of the Companies Act or SEBI as the case may be.
