Company Law Articles, Notification and Circular

STAMP DUTY AND FEES PAYABLE STAMP DUTY AND FEES PAYABLE FOR REGISTRATION OF COMPANIES LIMITED BY SHARES Nominal Capital Filing fee to be deposited with Stamp Duty payable in Maharashtra Memorandum Articles & Forms* the ROC (each) Memorandum Articles Rs. Rs. Rs. Rs. Rs. 50,000 4,000 100 200 1,000 100,000 4,000 200 200 1,000 200,000 [...] Full Article

Supreme Court of India has decide in the Matter Kerala State Electricity Board V/s Hindustan Construction Co. Limited [2009] 91 SCL 183 (SC) inter aliea decide that ” Confirmation of minutes of Board meeting or any committee meeting does not require confirmation in subsequent meeting. Non confirmation of minutes does not have any effect on [...] Full Article

The sum due as referred to under section 434 of the Companies Act, 1956 must mean what has fructified and can not merely be a contingent liability or deferred payment; if the liability has not fructified within 21 days from the time the date of service of notice, it cannot be said to be a debt which company is unable to pay, in order that the Court could find a justification for winding up the company. Full Article

Companies cannot relist themselves on the bourses for up to ten years after their delisting, instead of two years as was the case earlier. The re-listing of a company can be done only after ten years, if its delisting is compulsory or initiated by the bourses, while in cases of voluntary delisting, the companies can list [...] Full Article

GOVERNMENT OF INDIA COMPANY LAW BOARD Shastri Bhawan, 5th Floor, ‘A’ Wing, Dr. Rajendra Prasad Road, New Delhi-l 10001 Dated: 09.06.2009 OFFICE ORDER The Company Law Board, New Delhi is in the process of shifting from Shastri Bhawanto Paryavaran Bhawan, CGO Complex, 3rd Floor, Lodhi Road, New Delhi- 110003. Filing of new petitions and receiving [...] Full Article

Ministry of Corporate  Affairs vide Notification  G.S.R. 257(E) dated 17-04-09 has made the Companies (Central Government s)  General Rules and Forms (Second Amendment) Rules, 2009 and thereby  revised the following forms: Form  19-Declaration of  compliance with the provisions of section 149(i)(a), (b) and (c) of the  Companies Act,1956. The following additions  are made: -        e-mail ID [...] Full Article

More than seven of 10 independent directors sitting on the boards of listed companies to improve corporate governance are “home” members, while only few women make it to such positions, says a study.”Nearly 75 per cent of all independent directors are ‘home’ members whoare natural allies of the promoters are not independent in any sense,” [...] Full Article

The corporate affairs ministry is planning to have a single registrar of companies (RoC) in Delhi for the registration purpose of all companies in India. According to a senior corporate affairs ministry official, “There is no geographical constraint for the registration purpose of a company anywhere in India as there is no direct interface with [...] Full Article