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Note on Banning of Unregulated Deposit Scheme

March 22, 2019 2202 Views 0 comment Print

Objective: Banning of Unregulated Deposit Scheme Ordinance, 2019 is promulgated with the objective of providing mechanism to ban unregulated deposit schemes and protect the interest of depositors. Applicability: Banning of Unregulated Deposit Scheme Ordinance, 2019 applicable to Whole of India except the state of Jammu and Kashmir. What includes deposits? Amount of money received by […]

Active Company Tagging Identities and Verification

March 22, 2019 1224 Views 1 comment Print

With reference to MCA notification dated 21st February, 2019 (attached herewith) , please note the below – 1. Company incorporated on/ before 31stDecember, 2017, are required to file e-form – ACTIVE (i.e. Active Company Tagging Identities and Verification) disclosing the particulars of the Company and its registered  office on/ before 25th April, 2019 with zero MCA fees. 2. […]

Companies to submit half yearly returns for dues to MSMEs

November 17, 2018 19071 Views 3 comments Print

Further to the notification issued by the Ministry of Micro, Small and Medium Enterprises, dated 02nd November, 2018, please note the below- 1. All the Companies who get supplies of goods or services from MSMEs AND whose payments to the suppliers exceed 45 days from the date of acceptance or date of deemed acceptance. {Date of […]

Note on Dormant Company – Section 455 of Companies Act, 2013

August 9, 2018 6483 Views 1 comment Print

Who can apply for the status of  a Dormant Company? A company incorporated and registered under Companies Act, 2013 for future project or to hold an asset or Intellectual property and has no significant accounting transaction. An Inactive Company What is meant by Inactive Company? Company which has not been carrying on any business or […]

Note on Debentures and Preference shares

June 19, 2018 8019 Views 0 comment Print

Article explains Meaning and Nature of Debentures and Preference shares . It further explains Status of Debenture / Preference share Holders, Obligation to Company of Debenture / Preference share Holders and further explains Share of Profits, Tax Benefit, Cheaper source of Finance, Effect on Authorized capital and Blockage of funds in increasing authorized capital. S.No Point of Difference Debentures […]

Composition of Committees under Companies Act, 2013 and SEBI (LODR) Regulations, 2015

June 2, 2018 32805 Views 0 comment Print

Article explains Composition of Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, Corporate Social Responsibility Committee and Risk Management Committee under Companies Act, 2013 and SEBI (LODR) Regulations, 2015 with relevant Terms and Conditions. Committees Composition Independent Directors Chairperson Others Audit Committee Minimum 3 Directors as members 2/3rd should be Independent Directors or Majority […]

Madrid protocol – The International Trademark System

May 22, 2018 3423 Views 0 comment Print

Madrid Protocol means the Protocol relating to the Madrid Agreement Concerning the International Registration of Marks adopted at Madrid on the 27th day of June, 1989, as amended from time to time. The Madrid Protocol gives trade mark owners the possibility of having their trademarks protected in several countries by simply filing one application directly with their own national or regional trade mark office.

Latest amendment in Pradhan Mantri Rojgar Protsahan Yojana Scheme

May 13, 2018 14007 Views 2 comments Print

Latest Amendment to the PMRPY Scheme: dated 24thof April, 2018- Government of India will pay the full employer’s contribution (EPF and EPS both) as admissible from time to time w.e.f – 01.04.2018 for a period of three years to the new employees and to existing beneficiaries for their remaining period of three years through EPFO. The terminal date for registration of beneficiary through establishment is 31st March, 2019.

Checkpoints for Websites of Listed Entities

April 12, 2018 5262 Views 0 comment Print

Every Listed company shall have a functional website containing the basic information about the Listed entities. It shall disseminate the following information as per SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015)

Highlights of Law to prevent Sexual Harassment of Women at Workplace

March 1, 2018 3972 Views 0 comment Print

Where there is no Internal Complaints Committee, in such cases the victim (survivor) can complain directly to the LOCAL Complaints Committee constituted by the appropriate government. Every District officer shall constitute in the district concerned, a committee to be known as the Local Complaints Committee.

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