What is Rule 4 of Companies Rules?

Number of Independent directors.— (1) The following class or classes of companies shall have at least two directors as independent directors. (i) the Public Companies having paid up share capital of ten crore rupees or more; or. (ii)the Public Companies having turnover of one hundred crore rupees or more; or.

What is Rule 4 of companies CSR rules?

As provided under Rule 4(1), a company may undertake CSR activities either through itself or appoint another entity to work on its behalf, called implementing agency. MCA vide this amendment has introduced a new class of entity which may act as an implementing agency.

What is Rule 4 of companies Rules 2014?

(4) The particulars of every share certificate issued in accordance with sub-rule (1) shall be entered in the Register of Members maintained in accordance with the provisions of section 88 along with the name(s) of person(s) to whom it has been issued, indicating the date of issue.

What is Rule 4 of companies CSR Rules 2014?

(4) A company may also collaborate with other companies for undertaking projects or programmes or CSR activities in such a manner that the CSR committees of respective companies are in a position to report separately on such projects or programmes in accordance with these rules.

What is rule 4 in audit?

(4) If the Board agrees with the recommendation of the Audit Committee, it shall further recommend the appointment of an individual or a firm as auditor to the members in the annual general meeting.

RULES OF COURT 2019 Rules of Civil Procedure Rule 4 (Venue of Actions)

What does Rule 4 mean?

Rule 4 of the Federal Rules of Civil Procedure requires certain defendants to cooperate in saving unnecessary expenses of serving a summons and complaint.

What is cost audit rules 4?

(4) Every cost auditor, who conducts an audit of the cost records of a company, shall submit the cost audit report along with his or its reservations or qualifications or observations or suggestions, if any, in form CRA-3.

What is Rule 4 of Section 135 of companies Act?

As per section 135(4) the Board of Directors of the company shall, after taking into account the recommendations of CSR Committee, approve the CSR Policy for the company and disclose contents of such policy in its report and the same shall be displayed on the company's website, if any (refer Rule 8 & 9 of CSR policy, ...

What is Rule 3 of companies Act?

(3) Where a natural person, being member in One Person Company in accordance with this rule becomes a member in another such Company by virtue of his being a nominee in that One Person Company, such person shall meet the eligibility criteria specified in sub rule (2) within a period of one hundred and eighty days.

What is Rule 7 of companies Rules?

7-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014. (1) Every application made to the Central Government under the provisions of Chapter XIII shall be made in Form No. MR. 2 and shall be accompanied by fee as may be specified for the purpose.

What is Rule 4 of companies Meetings of Board and its Powers Rules 2014?

Rule 4 is in respect of matters not to be dealt with in a meeting through video conferencing or other audiovisual means namely the approval of the annual financial statements; the approval of the Board s report; the approval of the prospectus; the Audit Committee Meetings for consideration of accounts; and the approval ...

What is Part 4 of the companies Act 2014?

This part of the Act lays down the requirements relating to corporate governance. It deals with the law relating to appointments and proceedings of directors and the law relating to members and their protection.

What is Section 4 of the Companies Act?

Chapter 4 of the Companies Act 71 of 2008 (the Act), provides for public offer regulation of securities transactions. * In essence, no public offer of securities may be made by a company unless the disclosure requirements in Chapter 4 have been complied with (unless exempted).

What are the 4 types of corporate social responsibility that a company can practice?

CSR is generally categorized in four ways: environmental responsibility, ethical/human rights responsibility, philanthropic responsibility and economic responsibility.

What is under rule 6 4 of companies appointment and qualification of directors?

Rule 6(4) states that every individual whose name is so included in the data bank shall pass an online proficiency self-assessment test conducted by the institute within 2 years from the date of inclusion of his name in the data bank, failing which, his name shall stand removed from the databank of the institute.

What is Rule 5 of companies Act?

(ii) has given a guarantee or provided any security in connection with the indebtedness of any third person to the company, its holding, subsidiary or associate company or their promoters, or directors of such holding company, for an amount of fifty lakhs rupees, at any time during the two immediately preceding ...

What is Rule 6 of companies Rules?

(1) The One Person company shall alter its memorandum and articles by passing a resolution in accordance with sub-section (3) of section 122 of the Act to give effect to the conversion and to make necessary changes incidental thereto.

What is Rule 5 of companies Rules 2014?

5-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014. (xii) affirmation that the remuneration is as per the remuneration policy of the company. Explanation. - For the purposes of this rule.

What is Rule 6 4 of companies Act?

Rule 6(4) states that every individual whose name is so included in the data bank shall pass an online proficiency self-assessment test conducted by the institute within a period of 2 years from the date of inclusion of his name in the data bank, failing which, his name shall stand removed from the databank of the ...

What is as per Section 88 4 and Rule 7 of companies?

Sub-section (4) of section 88 read with rule 7 deals with maintenance of foreign register. A company may, if so authorised by its articles, keep in any country outside India, in the same format as the principal register, a part of the register referred to in sub-section (1), called “foreign register”.

What is Section 4 5 of the companies Act?

(5) (i) Upon receipt of an application under sub-section (4), the Registrar may, on the basis of information and documents furnished along with the application, reserve the name for a period of sixty day from the date of the application.

What is the 5 7 rule auditing?

The 5/7 rule provides that an individual may not play a significant role in the audit of a particular audited body for more than 5 out of 7 financial years.

What is Rule 6 of auditor?

Rule 6 of the Companies (Audit and Auditors) Rules, 2014 prescribes the following manner of Rotation of Auditors by the Companies: 1. The Audit Committee shall recommend to the Board, the name of an individual Auditor or of an Audit Firm who may replace the incumbent Auditor on expiry of the term of such incumbent.

What is Rule 6 of audit and auditor rules?

Rule 6 deals with the manner of rotation of auditors by the companies on expiry of their term. It provides that the audit committee shall recommend to the board, the name of an individual auditor or of an audit firm who may replace the incumbent auditor on expiry of his term.