MCA has issued Notification on 20th September, 2017 in respect of Numbers of Layers of Investment in Subsidiaries of Company. These rules called as Companies (Restriction on number of layers) Rules, 2017. In such notification MCA mentioned about which company shall be include or not in term two Layers. What are the compliances required to be done by Company in respect of Subsidiaries. What are the consequences of non compliances of same?
Background: As per Section 3 of Indian Stamps Act 1899, Every Share Certificate must bear the necessary stamp duty as per the Stamp Act of the respective State/ Union Territory from which Certificate is issued. The rates of stamp duty can be obtained with reference to relevant article of given State Act. According to Companies […]
MCA vide notification dated: 07th May, 2018 has notified 28 more sections of Companies Amendment Act, 2017. One of those is Section 117 which explains Resolutions and agreements to be filed under Companies Act,2013. This amended section came into effect form 07th May, 2018. In this editorial author shall endeavor to briefly discuss Impact of […]
In this article author explains Impact of Expiry of Condonation of Delay Scheme, 2018 in relation to Active Companies or Struck off Companies Both. Condonation of delay scheme 2018 [CODS-2018] was effective w.e.f. 01st January, 2018 to 01st May, 2018.
Section 170(2) A return containing such particulars and documents as may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within thirty days from the appointment of every director and key managerial personnel, as the case may be, and within 30 days of any change taking place.
Moving from the Companies Act 1956 to the Companies Act 2013 is like shifting from your old house to a new one. All the provisions become changed with new Act, 2013. Due to new act many amendments were introduce by Central Government from time to time by Notification, Amendments etc. Same like this many amendments […]
The main focus of this research editorial is on Which are the entities to whom Company can give Loan/ Guarantee/ Security etc under Section 185 of Companies Act, 2013 as substituted by Companies (Amendment) Act, 2017 (Loan to Directors and entities in which directors are interested).
Short Summary In this Research editorial, the author begins by referring the provisions of Section 185(3) of Companies Act, 2013 as amended by Companies (Amendment) Act, 2017 (Loan to Directors and entities in which directors are interested). The main focus of this research editorial on “Whether a Company can give Loan/ G / S to […]
Whether a Company can give loan to other Companies or Body Corporates in which their directors are interested” If NO, why? If yes, then what are the Compliance a company required for the same
Dematerialization is the process of converting Physical Securities into electronic format. It should be related to Listing of securities. A Shareholder intending to dematerialize its securities needs to open a Demat account with Depository Participant.
