Highlights of amendments under The Companies (Amendment) Bill, 2020

By Team Lawgical Startup

The Lok Sabha on 19th September, 2020 passed a bill to further amend around 48 sections of the Companies Act, 2013 by decriminalizing various non-compoundable offences in case of defaults, but not involving frauds, omitting imprisonment for various offences which were considered procedural and technical in nature. The bill comes at a time when companies are reeling under stress…

Buyback of Securities – Companies Act, 2013

By Team Lawgical Startup

Pre-requisites of Buyback | Steps for Buyback of securities | Modes of Buyback | Source of Funds | Other provisions related to Buyback | Transfer of certain sums to Capital Redemption Reserve Account | Circumstances in which Buyback is Prohibited The literal meaning of word ‘buyback’ is ‘repurchase’. Buy back of securities means purchase of…