Company Law India: Read latest Company law news & updates, acts, circular, notifications & articles issued by MCA amendment in companies Act 2013. Article on Loans Company formation XBRL, Schedule VI IFRS.
Company Law : joint audit involves two or more audit firms working together to issue an audit opinion on the financial statements of an organiza...
Company Law : SC rules that NCLT cannot decide on public law matters under MMDR Act in IBC cases, reaffirming High Court jurisdiction under Arti...
Company Law : Pvt Ltd ROC Filing is a essential compliance requirement for non-public confined groups in India. Filing ROC returns on time facil...
Company Law : Learn the ISIN issuance process, required documents, and compliance steps for dematerializing securities under the Companies Act, ...
Company Law : Understand purpose, filing requirements, due dates and penalties of Form MSME-1 for companies with outstanding dues to MSME suppli...
Company Law : Find the provisional list of audit firms of listed companies that haven't filed NFRA-2 forms for the reporting period 2023-24. Upd...
Company Law : The Companies Act 2013 mandates corporate governance, transparency, and CSR reporting. Key provisions include financial disclosure...
Company Law : Understand the compliance regime for private limited companies in India, including business closure timelines and government measu...
Company Law : Overview of proposed amendments in the Companies Act, 2013, CSR monitoring framework, and steps to ensure compliance and prevent m...
Company Law : Review CSR activities as mandated under Section 135 of the Companies Act, including sector-wise and state-wise CSR expenditure fro...
Company Law : When the corporate debtor failed to pay the outstanding power obligation, appellant subsequently cut off the electrical service. O...
Company Law : The plain reading of the above provisions of Section 60(5)(c) clearly indicates that the NCLT is empowered to adjudicate any quest...
Company Law : NCLAT Delhi quashes CIRP against Alcuris Healthcare, ruling profit-sharing disputes do not constitute operational debt under IBC. ...
Company Law : NCLAT dismisses appeals in Saturn Ventures case, upholding RP’s findings on asset ownership and rejecting fraudulent transaction...
Company Law : NCLAT Delhi held that Liquidator is jurisdictionally empowered to proceed with private sale of Corporate Debtor by adopting Swiss ...
Company Law : Vishnupriya Hotels' appeal led to a penalty reduction for non-compliance with Section 149(3) of the Companies Act. The company pai...
Company Law : Vishnupriya Hotels appealed against CSR non-compliance penalties. The Regional Director reduced the fine after reviewing submissio...
Company Law : Konoria Plaschem faced penalties for failing to appoint an internal auditor from 2014-2020. The fine was reduced on appeal. Read t...
Company Law : Water & Sanitation (India) for Urban Poor failed to hold board meetings from 2011-2019, leading to penalties. The fine was later r...
Company Law : Tristar Transport India Pvt. Ltd. fined for delays in filing BEN-1 and BEN-2 under Section 90 of the Companies Act, 2013. Director...
Thus, CSR is one of the primary means of achieving the goal of sustainable development for all nations today. The Brundtland report highlighted three key components of sustainable development, environment and economy and society. A number of important sustainable development proposals have also been highlighted and SD and CSR initiatives can be linked as follows:
Pursuant to section 153 of the Companies Act, 2013 and rule 11 of the Companies (Appointment and Qualification of Directors) Rules, 2014 Article explains Why to Surrender DIN, Occasions in Which Surrender of DIN is Required (Reasons of Surrender), Which DIN is to be retained & Surrender, Procedure of Surrender of DIN and Attachments with […]
Limited partnerships are an essential part of the CS Foundation business and legal environment. This topic is handled at all levels by CS (company secretary). LLP is included in the elements of the Partnership Act and LLP. As the Indian economy grew, the role of the entrepreneur as well as his technical and professional workforce […]
The choice of Business Organization’s form is the single most important decision an Entrepreneur has to make. What form your business adopts will affect a multitude of factors which in turn greatly influence, both favorably and unfavorably, your organization’s future. Aligning your goals to your business organization type is an important step, so understanding the […]
Frequently Asked Question on Accounting for amounts to be incurred towards Corporate Social Responsibility (CSR) pursuant to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 This FAQ has been issued by the Accounting Standards Board of the Institute of Chartered Accountants of India. Question : On January 22, 2021, the Ministry of Corporate Affairs […]
In accordance with the Section 406 of the Companies Act, 2013 and the rules made thereunder, a “Nidhi Company” means a company incorporated as a Nidhi along with the object of – -Cultivating the habit of thrift and savings amongst the members, and -Receiving deposits from and lending to the members for their mutual benefit, […]
(1) Power of Registrar to Remove Name of Company from Register of Companies. As per section 248 of Companies Act 2013, the registrar of Companies may remove name of company from Register of Companies if:- (a) a company has failed to commence its business within one year of its incorporation. (b) a company is not […]
A. As per Companies Act 2013 RULE 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 The Ministry of Corporate Affairs(MCA) vide its Notification dated January3, 2020, mandated every Company(including Private Company):- having outstanding loans or borrowings from banks or public financial institutions of one hundred crore rupees or more. (Rs. 100 […]
Relaxation by MCA due to Covid 19 Pandemic Due to the current situation of COVID-19 second wave, some relaxation have been provided by Ministry of Corporate Affairs (MCA) by issuance of general circulars dated 03/05/2021, which we have prepared a gist on it and the same is produced herein below for your ready reference: S. […]
SMALL COMPANY The definition of Small Company covers under the Section 2(85) of Companies Act 2013 Section 2(85) of Companies Act 2013 Small Company means a company other than a public company whose:- 1. Paid up share capital is upto 2 crore; and 2. Turnover is upto 20 crore. Except:- 1. Holding of a company; […]
