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Archive: 12 May 2020

Posts in 12 May 2020

AGM through VC or OAVM by Companies not required to provide E-Voting facility

May 12, 2020 3558 Views 0 comment Print

Holding of Annual General Meeting (AGM) Through Video Conferencing (VC) Or Other Audio Visual Means (OAVM) For Companies Which Are Not Required To Provide The Facility of E-‘Voting Under The Act AGM through VC Or OAVM by Companies Not Required To Provide Facility of E-‘Voting Applicability of General Circular No. 20/ 2020 dated May 05, […]

Conversion from Public to Private Company under Companies Act, 2013

May 12, 2020 33891 Views 0 comment Print

MCA has increases compliance requirement through various notifications which sometimes became hurdle to do business in smooth manner for the public Companies on other hand there are various exemptions available to the private companies under the Companies Act 2013.

Conducting & Convening AGM During COVID-19 Crisis

May 12, 2020 1461 Views 0 comment Print

MCA circular dated May 05, 2020 applies to all the Companies which are required to hold their Annual General Meeting (AGM) for Financial Year ended on December 31, 2019 and March 31, 2020, as the case may be, during calendar year 2020.

Power of Boards (Section 179 of Companies Act, 2013)– Discussed!

May 12, 2020 172308 Views 3 comments Print

The article provides the detailed analysis on Powers of Board pursuant to Section 179 read with Rule 8 of the Companies (Meeting of Board and its Powers) Rules, 2014. As we all know Company being an artificial person, while having unique feature of being separate legal entity, though cannot act by its own and thus […]

Arbitration agreement not become null & void if allegations of fraud have to be inquired into by court

May 12, 2020 4197 Views 0 comment Print

Spentex Industries Ltd. Vs Quinn Emanuel Urquhart & Sullivan LLP (Delhi High Court) In the given case, the plaintiff is seeking the main relief to pass a decree of declaration, declaring that the Letter of Engagement as well as arbitration clause being Article 16 of the Letter of Engagement is null and void, inoperative and […]

Draft Engagement letter & Management representation on Statutory Audit

May 12, 2020 246444 Views 0 comment Print

Article contains Draft Format of Engagement letter on Statutory Audit and Draft Format of Management Representation letter on Statutory Audit-

Summary of IND AS 116 from lessee perception

May 12, 2020 4158 Views 4 comments Print

Understand the accounting treatment of leases from the lessees perspective with this comprehensive summary of IND AS 116.

COVID-19- Sustainability of Indian Economy Post Lockdown

May 12, 2020 798 Views 0 comment Print

The emergence of uncalled virus COVID-19 has already left a big hole in the economies all over the world including India. The virus has led to the worldwide shut in businesses and has become the matter of concern for the countries. The world is facing humanity’s biggest crisis since World War II. Almost every country […]

Decoding Basic Monetary Policy Terminologies

May 12, 2020 5385 Views 0 comment Print

During this time of pandemic COVID-19, we have seen multiple times that Our Hon’ble Finance Minister Mrs. Nirmala Sitharaman and RBI Governor Mr. Shaktikant Das has come up with lots of economic measures to prevent the economy from going into a deep depression which most of the other developed countries have yet failed to do […]

Lawyers’ Fees: [SC wants CAP] [Litigation Funding is Legal] but [Percentage Fee is Illegal]

May 12, 2020 4329 Views 0 comment Print

I personally of the view that in India, Legal Profession is too costly and in fact such is the fee charged that for MSME and Start-ups and individuals and middle class and poor people it is almost not possible to approach Court for any remedy and this is totally against the concept of legal services at least in India and hence there shall be a law to regular the Legal Fees and there has been a debate going around since a long time but yet is pending.

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