PPT explains about Incorporation of Company through Spice+ under Companies Act, 2013. Incorporation is the legal process used to register or form a corporate entity or company. A corporation is the resulting legal entity that separates the firm’s assets and income from its owners and investors. In India the Incorporation (or registration) of a business is governed […]
The Ministry of Corporate Affairs (MCA) notified 22 January, 2021 to enforce Section 21 of Companies (Amendment) Act, 2019 and Section 27 of Companies (Amendment) Act, 2020, related to Corporate Social Responsibility (CSR). “In exercise of the powers conferred by sub-section (3) of section 1 of the Companies (Amendment) Act, 2019 (22 of 2019) and sub-section […]
Indian regulators have proposed relaxing restrictions for certain foreign direct investments (FDIs) in Indian domestic defense companies to promote investment in India and boost domestic manufacturing in the defense industry. The government of India on September 17, 2020, formally proposed to increase the permitted ownership by non-Indian investors in Indian defense manufacturing companies with no […]
In response to the spread of the Covid-19 virus, various business support measures have been put in place by Central Government, State Governments, RBI, SEBI, CBEC, Ministry of Corporate Affairs (MCA), ICSI and ROC. With an objective to ensure and generate awareness and confidence on readiness of Indian Companies to deal with the situation, MCA […]
Impact of Measures Announced In Response To The Spread of Covid-19 On Corporate Compliances In response to the spread of the Covid-19 virus, various business support measures have been put in place by Central Government, State Governments, RBI, SEBI, Ministry of Corporate Affairs (MCA), ICSI and ROC. The purpose of this document is to present […]
NEW MCA FORM FOR COMPANY REGISTRATION IN INDIA. The Ministry of Corporate Affairs is expected to launch a web-based system for company registration in India with the launch of the Spice Plus (Spice+) form with effect from the 1st day of February, 2020. This move is aimed to further the Ease of Doing Business (EODB) […]
All circulars for conducting AGM EGM through VC AGM/EGM VC/OVAM 01. MCA ALLOWS COMPANIES TO HOLD EXTRAORDINARY GENERAL MEETINGS (EGMS) THROUGH VC OR OAVM [General Circular No. 14/2020] The Ministry of Corporate Affairs on 8th April, 2020 has issued a General Circular No. 14/2020 allowing companies to hold Extraordinary General Meetings (EGMs) through video conferencing (VC) or […]
Minutes of Board Meetings and Committee Meetings The Minutes of Meetings of the Board and any Committee thereof can be inspected by the Directors. A Director is entitled to inspect the Minutes of a Meeting held before the period of his Directorship. A Director is entitled to inspect the Minutes of the Meetings held during […]
As per Section 165(1) of Companies Act, 2013 No person shall hold office as a director, including any alternate directorship, in more than 20 Companies at the same time. Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed 10. Points to be consider: […]
Provisions- Establishment of Vigil Mechanism As per Sec. 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 -Every listed company or -The Companies which accept deposits from the public or -The Companies which have borrowed money from banks and public financial institutions in […]
