A situation arose in which a company could not call its board meeting due to NCLT embargo and other reasons. The auditor was appointed, but balance sheet and financial statements could not be signed as requirement of sec 134 of companies act 2013 was not fulfilled. Section 134 requires a board meeting to take place and approve the accounts which shall be forwarded to auditor.
Central Government hereby makes the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014 Effective Date: October 02, 2018. As per MCA Circular dated September 10, 2018, MCA amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 by inserting Section 9A: Issue […]
What can businesses do to protect themselves? How, what and where to focus on after COVID 19 Introduction : The economic impact of the 2019-20 coronavirus pandemic in India has been hugely disruptive. World Bank and credit rating agencies have downgraded India’s growth for FY 2021 with the lowest figures India has seen in three […]
MINDSPACE BUSINESS PARKS REIT, the second big company is coming with public issue, in the month of July, 2020. Soon this company is going to launch its public issue of Rs.4500 crores. It comprises of Rs.1000crores of fresh issue and Rs.3500crores of offer for sale. It is the second REIT to come out with IPO […]
For the compliance of provisions of Companies Act, 2013, there is requirement of filing E-Form at web portal of Ministry of Corporate Affairs (MCA). MCA is notifying provisions and E-form on regular basis accordingly Company and officers are required to file E-form with MCA. Here we are discussing about E-form which are required to file […]
Changes brought in by Consumer Protection Act 2019 The new provisions in the new Act are a step towards betterment of the consumer legal fraternity and strengthens the grips of law towards the consumers while filling up the gaping gaps of the Act of 1986. A lot will now depend on its implementation by the authorities as well as litigants.
Section 167(3) of Companies Act 2013 provides that where all the directors of a company vacate their offices under any of the disqualifications specified in sub-section (1), the promoter or, in his absence, the Central Government shall appoint the required number of directors, by making a Request Letter to Registrar of Companies, who shall hold […]
THE FINANCIAL STABILITY OF THE BANKING SECTOR THE BANK AND THE BORROWER A RELATIONSHIP OF TRUST, FAITH, HOPE AND UNDERSTANDING. The advent of banking reforms in India has brought the concept of NPA (Non-Performing Asset) which has changed drastically the perception and approach of the bank and the customer when dealing with loans financed by […]
House Rent Allowance (HRA) is generally considered as a part of salary component and is generally added in the salary structure to help the individual to save taxes. House rent allowance deduction is given under section 10(13A) of the Income Tax Act accordance with Rule 2A of the Income Tax Rules. If you stay in […]
How Maruti Suzuki is able to maintain more than 40% market share in Passenger Car Segment from past 20+ Years Introduction: Maruti Suzuki India Limited (MSIL) which was founded by Govt of India to merge with Suzuki Motor Corporation of Japan for manufacturing & selling of passenger vehicles in India. MSIL is 15 years older […]
