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KYC of Director- Applicability and Method

July 8, 2018 8937 Views 7 comments Print

As per the statement given this month by MCA Secretary Sh. Injeti Srinivas, MCA has formally announced the Annual KYC Drive through the e-form DIR-3KYC. As part of updating its registry, MCA would be conducting KYC of all Directors of all Companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly.

Quick Requirements to get a Private Limited Company incorporated in 2 days

January 30, 2018 3960 Views 0 comment Print

RUN service should be used pursuant to Section 4(4) of the Companies Act, 2013 and Rule 8 & 9 of Companies (Incorporation) Rules, 2014 which are reproduced for your reference:

Condonation of Delay Scheme, 2018 – Brief Analysis

January 18, 2018 3210 Views 0 comment Print

In a major relief for disqualified directors of companies, the government has provided a three-month window to them to file their returns and normalise operations by launching Condonation of Delay Scheme, 2018.

Registration of Charge by Companies under Companies Act, 2013

June 19, 2017 9144 Views 2 comments Print

Section 2 (16) of the Companies Act, 2013 defines the word Charge as an interest or a lien created on a property or an asset of a company or any of its undertakings or both, as a security. A mortgage is also a type of Charge.

Procedure for Declaration and Payment of Interim Dividend

May 12, 2017 98730 Views 3 comments Print

As per section 123(3) of Companies Act, 2013, a dividend is said to be an Interim dividend, if it is declared by the Board of directors during any financial year out of surplus in the profit and loss account and out of profits of the financial year in which such interim dividend is sought to be declared.

Trus/False on merger & amalgamation for June 2017 exams of CS professional

May 12, 2017 2301 Views 2 comments Print

CS Ritu Nagpal Merger and Amalgamation The section has become effective w.e.f. 12-09-2013 Q.1 Can a section 8 company be amalgamated into manufacturing company? A. yes. As the purpose of the amalgamation of one company with another is to facilitate reconstruction of the amalgamating companies. Case Law: Sir Mathuradas Vissanji Foundation Vs. Walvis Flour Mills Co. […]

Preliminary Steps for Incorporation of Private Limited Company In India

May 4, 2017 5877 Views 2 comments Print

If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act, then it is mandatory to attach the trademark registration certificate or trademark application copy

Format of board /special resolution for striking off of companies

May 3, 2017 212994 Views 8 comments Print

Author has compiled format of board resolution and special resolution for Striking off of Companies name under section 248 of Companies Act, 2013 with the help of relevant sections & rules.

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