Process of Incorporation has been amended more than 10 times since Effectiveness of Companies Act, 2013. Similarly much compliance has been decreased and increased by amendments in Companies Act by Circulars, Notifications and amendment in Rules in respect of Post Incorporation of Compliances.
In this Article author analyses provisions of Deposit and applicability of provisions of Deposit Rules including Companies (Acceptance of Deposits) Amendment Rules, 2019 and Sections on NBFC Companies. Whether as per Latest Deposit Rules NBFC or Banking Companies are also required to file e-form DPT-3 with ROC? Legislative Language: As per Section 73(1) States “On […]
In this article author discusses the followings: – Agenda for First Board Meeting – Draft of Notice, Agenda, Minutes etc. LEGISLATION LANGUAGE: √ As per Section 173(1) ‘Every company shall hold the first meeting of the Board of Directors within 30 (thirty) days of the date of its incorporation.’ √ Companies have to follow Secretarial […]
In this article author answer queries related to filing of MSME-1 Form which was notified by Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 A. If a Company falls in criteria of MSME, However not registered under MSME Act. Whether Company need to mention details of such MSME […]
In this spark editorial, the author begins by referring the provisions of section 73 of Companies Act, 2013 relating to Acceptance of Deposit by Companies. Author shall Shed Some Light on sources of permissible deposits, limits of deposits, provisions of deposits, compliances for acceptance of such deposits etc.
The Provisions of Significant Beneficial Ownership (SBO), in a different form, been part of the Companies Act, 1956, under section 180(7) (3). The new avatar comes under Section 90 of the Companies Act, 2013, as amended in 2017. The issue of the misuse of multi-layered corporate entities has grabbed attention of various policymakers and regulators. […]
Many Professionals / corporate are confused in relation to meaning of Micro and Small enterprises in respect of Notification dated 22.01.2019 by which ‘Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019‘ been passed by MCA. In this editorial, author will discuss meaning of MSME for purpose of above […]
MANDATORY reporting of Specified Companies- In respect of MSME dues with effect from 22.01.2019 as notified vide by MCA on 22nd January, 2019 vide Specified Companies (Furnishing of information about payment to Micro and Small enterprise Suppliers) Order, 2019. As per these rules, Every specified companies are required to file MSME form 1 with ROC […]
Author explains provisions of Mandatory Filing of Details of Loan with ROC in brief with some important FAQ’s in relation to DPT-3 with reference to Companies (Acceptance of Deposits) Amendment Rules, 2019 notified by MCA on 22.01.2019. By Companies (Acceptance of Deposits) Amendment Rules, 2019 : Every Company other than Government Company shall file a […]
Earlier Provision: MCA vide it’s notification dated September 10, 2018 inserted Rule 9A in Companies (Prospectus and Allotment of Securities) Rules, 2014, making it mandatory for all the unlisted public companies to dematerlize it’s securities w.e.f. October 2, 2018 without any exemption to Nidhi Company or Government Company (unlisted public company). MCA on 22nd January, 2019 […]
