Article explains Provisions of Slump Sale under the Companies Act, 2013 and Income Tax Act, 1961. It explains Slump Sale through Business Transfer Agreement (BTA), Slump Sale through Scheme of Arrangement, Stamp Duty Chargeable On Business Transfer Agreement. Article explains Sections which deal with Slump sale, Definition of Slump sale, Capital Gain on Slump sale, […]
Clarification on passing of Ordinary Resolution (OR) & Special Resolution (SR) by Companies under the Companies Act, 2013 and Rules made thereunder subject to the Current Situation due to Covid 19. Relevant Circular: MCA Circular 17/2020 dated 13.04.2020 Purpose of the Circular: 1. To give more clarification on the elements of the framework laid down […]
1. SPICe+ is an integrated Web form offering 10 services by 3 Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and One State Government (Maharashtra), thereby saving as many procedures, time and cost for Starting a Business in India and it’s Introduce […]
Subject to the current situation due to COVID-19 SEBI has decided to grant the one time relaxations from strict enforcement of the certain requirements of SEBI (Issue of Capital and Disclosure requirement) Regulations 2018, relating to the Right Issue upto 31.07.2020.
Date of Amendment in the definition of MSME : On 13.05.2020, Finance Minister Smt. Nirmala Sitaraman added the additional principle of Turnover along with the Investment, under definition of the MSME. Purpose: > To refine the business scenario for Indian enterprises. > To Change the Criteria to classify MSME from “INVESTMENT IN PLANT AND MACHINARY […]
Clarification on passing of Ordinary Resolution & Special Resolution by the Companies Act and Rules made thereunder on account of threat posed by Covid 19 Relevant Circular: General Circular No. 14/2020 dated 08.04.2020 Provision of the Circular: In view of the extraordinary circumstances due to pandemic caused by COVID -19 prevailing in the Country, requiring […]
Holding of Annual General Meeting through Video Conferencing (VC) or other Audio Video Means (OAVM) Purpose: To relax the some provisions of the Companies act 2013 or Rules made there under subject to the current situation due to the Covid 19. Relevant Circulars: General Circular No. 20/2020 dated dated 05.05.2020 As per this Circular Companies […]
Analysis of General Circular No. 04/2020 Dated 17.02.2020 on Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016). What is Relevant? Filling of forms in MCA by the IRP & RP appointed under IBC Code […]
Provisions related to Class Action Suit falls under Section 245 of the Companies Act, 2013. Article explains When and by Whom Class Action can be filed, Situation under the Companies Ac, 2013 where class action suit can be filed, Class Action against Audit Firm, How many Minimum requisite no. of Members/ Depositors required to file […]
Perjury Relevant Sections: Section 209 of Indian Penal Code (IPC) & Section 340 of the Criminal Procedure Code. (Cr. P. C) Meaning of Perjury: 1. Perjury is the Criminal offense of lying under Oath. 2. A Perjury Charge may be brought when someone makes a false statement after being sworn in or promising to tell […]
