Company Law

Practical Guide to Postal Ballot – Listed Company

Brief/Introduction: Postal ballot means ballot conducted by mail or electronic means; a system of voting in which people send their votes by post/ electronic means. Experience of several decades have shown most of the shareholders who reside in far-flung areas are unable to attend Annual or Extraordinary General Meetings....

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Overview of companies (accounting standards) amendment rules, 2016

Financial Reporting of Companies for the year ended 31st March, 2017 is expected to change due to the applicability of Companies (Accounting Standards) Amendment Rules, 2016. Ministry of Corporate Affair has notified the Companies (Accounting Standards) Amendment Rules, 2016 on 30th March, 2016...

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Nomination of Shares and Rights of Nominees

Companies Act, 2013 allows a shareholder to make nomination with regard to shares held by him in a company. A nomination is a written mandate given by a shareholder to a company describing a particular person, to whom the shares held in the company shall vest in the event of death of the shareholder. ...

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Reduction of Share Capital under Companies Act, 2013 – A Complete Analysis of Section & Rules.

This Article deals with Detailed Procedure for Reduction of Share Capital under Companies Act, 2013 and Rules made there under....

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Registered Valuer – A New Opportunity To Explore

In todays world of extensive database, decisions are highly quantitative and appropriately assessed. To reach to the stage of qualitative and assessed decisions in business, one needs to acquire professional skills in valuation. In order to be successful finance professional, skills in valuation and financial modelling have become indispe...

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PAN / TAN to be applied compulsorily with fresh incorporation application

Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23 January 2017....

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Companies to furnish Statement of Financial Transactions to Income Tax Department

As per Rule 114E of the Income Tax Rules 1962, for and from 2016-­17, all companies have to be furnish SYF in respect of certain specified transactions as tabulated below:...

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ICAI releases Exposure Draft of Ind AS Taxonomy for Comments

As per the roadmap issued by the Ministry of Corporate Affairs (MCA) in February 2015, certain class of companies have to prepare their financial statements as per Indian Accounting Standards (Ind AS) which are converged with International Financial Reporting Standards (IFRS) w.e.f F.Y. 2016-17. MCA has also notified Ind AS compliant form...

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9 Major policy initiatives and achievements of MCA in 2016

Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules...

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MCA revises Form INC-18, DIR-3 and MGT-14 WEF 17.12.2016

Form INC-18- Application to Regional director for conversion of section 8 company into company of any other kind...

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SC upholds constitutional validity of NCLT

Madras Bar Association Vs Union of India & ANR. (Supreme Court of India) - MADRAS BAR ASSOCIATION Vs. UNION OF INDIA & ANR. (Supreme Court) The petitioner felt aggrieved by that part of the judgment vide which establishments of NCLT and NCLAT was held to be Constitutional....

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Postal ballot & e-voting cannot dispense general meeting – HC

Scheme of amalgamation of Wadala Commodities Limited with Godrej Industries Limited (Bombay High Court) - Bombay high court in scheme of amalgamation between Wadala Commodities Limited with Godrej Industries Limited has passed a judgment on postal ballot and e-voting. Court has observed that postal ballot and e-voting is an additional facility and cannot have the effect of dispensing the general meeting...

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New Companies Rules not binding till Publication in official gazette – HC

Scheme of amalgamation of Wadala Commodities Limited with Godrej Industries Limited (Bombay High Court) - Bombay High Court in scheme of amalgamation between Wadala Commodities Limited with Godrej Industries Limited has stated that gazetted copy of many MCA rules are not available, hence in the opinion of the court they are not binding so far or at least from 1st April 2014....

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Amendment made by Companies Act, 2013 are under Consideration – MCA TO Delhi HC

Mr. Harish Khurana Vs MCA & Another (Delhi High Court) - In an Writ Petition filed by Mr. Harish Khurana before Delhi High Court against the Various amendment made by Companies Act,2013, Ministry of Corporate Affairs has submitted before the Honorable Delhi High Court that several representations made by the petitioner and other similarly ...

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CL -HC set aside order of refusing to extend interim order of injunction granted by Division Bench without assigning reasons

Sri Krishna Constructions Vs Tiffin’s Barytes, Asbestos and Paints Ltd. (Madras High Court) - At the outset, it is clear that as it is in the judgment of the Division Bench, which arose almost under similar circumstances, wherein the learned judge has abruptly dismissed the application for injunction on the ground that the company court has no jurisdiction to pass an interlocutory order or i...

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Exemption to IFSC Private company U/s. of 462 of Companies Act, 2013

G.S.R. 9(E) - (04/01/2017) - MCA Notification –Exemption to Specified International Financial Services Centre (IFSC) Private company –under section 462 of Companies Act, 2013...

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Exemption to IFSC Public company U/s. of 462 of Companies Act, 2013

G.S.R. 08(E) - (04/01/2017) - MCA Notification –Exemption to Specified International Financial Services Centre (IFSC) Public company –under section 462 of Companies Act, 2013...

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Companies (Incorporation) Fifth Amendment Rules, 2016

G.S.R - - (29/12/2016) - Simplified Proforma for Incorporating Company Electronically (SPICe).-(1) The application for incorporation of a company under this rule shall be in FORM No. INC-32 (SPICe) alongwith e-Memorandum of Association (e-MOA) in Form No.lNC-33 and e-Articles of Association (e-AOA) in Form no. INC-34....

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e-Form STK 2 for removal of name of company is under development

General Circular No. 16/2016 - (26/12/2016) - e-Form STK —2 prescribed for making application to Registrar of Companies for removal of name of company from register of companies, is under development ...

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Companies (Removal of Names of Companies from Register of Companies) Rules, 2016

G.S.R. 1174(E) - (26/12/2016) - 1) These rules may be called the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette....

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Recent Posts in "Company Law"

Practical Guide to Postal Ballot – Listed Company

Brief/Introduction: Postal ballot means ballot conducted by mail or electronic means; a system of voting in which people send their votes by post/ electronic means. Experience of several decades have shown most of the shareholders who reside in far-flung areas are unable to attend Annual or Extraordinary General Meetings....

Read More
Posted Under: Company Law |

Overview of companies (accounting standards) amendment rules, 2016

Financial Reporting of Companies for the year ended 31st March, 2017 is expected to change due to the applicability of Companies (Accounting Standards) Amendment Rules, 2016. Ministry of Corporate Affair has notified the Companies (Accounting Standards) Amendment Rules, 2016 on 30th March, 2016...

Read More
Posted Under: Company Law |

Nomination of Shares and Rights of Nominees

Companies Act, 2013 allows a shareholder to make nomination with regard to shares held by him in a company. A nomination is a written mandate given by a shareholder to a company describing a particular person, to whom the shares held in the company shall vest in the event of death of the shareholder. ...

Read More
Posted Under: Company Law |

PAN / TAN to be applied compulsorily with fresh incorporation application

Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23 January 2017....

Read More
Posted Under: Company Law |

Reduction of Share Capital under Companies Act, 2013 – A Complete Analysis of Section & Rules.

This Article deals with Detailed Procedure for Reduction of Share Capital under Companies Act, 2013 and Rules made there under....

Read More
Posted Under: Company Law |

Registered Valuer – A New Opportunity To Explore

In todays world of extensive database, decisions are highly quantitative and appropriately assessed. To reach to the stage of qualitative and assessed decisions in business, one needs to acquire professional skills in valuation. In order to be successful finance professional, skills in valuation and financial modelling have become indispe...

Read More
Posted Under: Company Law |

Audit Committee: A Keystone to Corporate Governance

An AUDIT COMMITTEE is a key element in the corporate governance process of any organization. An audit committee is an operating committee of a company's Directors that is in charge of overseeing financial reporting and disclosure....

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Posted Under: Company Law |

Voting Rights of Preference Shareholders under Companies Act, 2013

Generally voting rights are available only to the equity shareholders of the company. Preference shareholders do not enjoy normal voting rights like equity shareholders....

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Posted Under: Company Law |

Companies to furnish Statement of Financial Transactions to Income Tax Department

As per Rule 114E of the Income Tax Rules 1962, for and from 2016-­17, all companies have to be furnish SYF in respect of certain specified transactions as tabulated below:...

Read More
Posted Under: Company Law |

Related Party Transaction (overall Understanding) Section 188 of the Companies Act 2013

First we required to understand the meaning of the Relative: With reference to the Section 2(77): i. They are member of a Hindu Undivided family; ii. They are husband and wife; iii. One person is related to the other in such manner as may be prescribed;...

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Posted Under: Company Law |
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Company Law News India

Corporate law also known as the company law is the study of how the directors, shareholders, creditors, employees and other participants in the community, consumers, and the environment work together with each other. Company law deals with organizations which are registered or incorporated under the Indian company law. The latest Companies Act is the Act which controls the incorporation of companies, responsibilities of companies, directors and laws relating to dissolution of any company. The newly constituted Companies Act 2013 is divided into twenty-nine chapters comprising 470 with 7 schedules. This Act replaced the previous Companies Act, 1956 on August 29th, 2013. The newly constituted Act came into action on September 12th, 2013 with number of changes.

At Taxguru, we provide all the latest news relating to company law in India. Our portal is designed for alerting you on all the latest developments in the company law. We provide all the key cases, help, and guidance on all facets of company law.

Get to know about all significant changes in the Indian corporate laws with our comprehensive and the latest company law news. Our panel of experts offers in-depth analysis and understanding of the corporate and allied laws. At Taxguru, we cover everything from regulations for LLPs to changes in the corporate governance, M&A and Takeover Code, SEBI reforms, exchange controls and commercial arbitration. Tune in to find out more about the corporate laws and all the key developments.