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 : Learn about Section 113 of the Companies Act, 2013, which governs corporate representation at company and creditor meetings, inclu...
Company Law : Learn about the legal procedures for director resignation and removal under the Companies Act, 2013, including compliance with ROC...
Company Law : Understand the process and requirements for converting an unlisted public company into an LLP, including necessary filings and doc...
Company Law : Understand if Form SH-7 is required during the conversion of CCPS to equity shares under the Companies Act, 2013, based on the aut...
Company Law : Learn about Section 203 of the Companies Act, its applicability to private companies, key provisions, and exceptions for companies...
Company Law : Government updates on share certificate claims: FIR condition removed for values up to Rs. 5 lakh. Companies must ensure authentic...
Company Law : Govt discusses proposed amendments to Companies Act, 2013 to enhance ease of business and CSR regulations, ensuring compliance and...
Company Law : Analysis of CSR compliance under the Companies Act, 2013. Details on CSR spending mandates, sectoral allocations, and state-wise e...
Company Law : The Government acknowledges MCA-21 glitches, highlights improvements, ensures data security, and implements new features for bette...
Company Law : The Indian government has reduced reporting forms for companies on unclaimed dividends and integrated fund transfers with Bharatko...
Company Law : NCLAT Delhi held that trusteeship deeds are generally signed between the trust on behalf of the lenders and the personal/ corporat...
Company Law : NCLAT Delhi held that CoC decision to liquidate the Corporate Debtor is acceptable as corporate debtor has no assets and thus CIRP...
Company Law : Delhi HC examines NFRA's jurisdiction in issuing show-cause notices to Engagement Quality Control Reviewers (EQCRs) under Section ...
Company Law : The view that NCLT had no jurisdiction to entertain Section 95 Application filed by the Financial Creditor and the Application oug...
Company Law : NCLAT Delhi held that as per expressed provisions of section 101(1) of the Insolvency and Bankruptcy Code, 2016 moratorium period ...
Company Law : The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registe...
Company Law : Infracx Developers Pvt Ltd penalized for delayed INC-20A filing under Section 10A of the Companies Act, 2013. Total penalty: ₹43...
Company Law : Godrej Tyson Foods Ltd. penalized for failing to appoint a woman director under Section 149(1) of the Companies Act. Penalty inclu...
Company Law : NFRA imposes Rs. 5 lakh penalty and 5-year debarment on CA Neeraj Bansal for professional misconduct during Religare Finvest Ltd's...
Company Law : MCA penalizes Chandrabangshi Nidhi Ltd for violating Section 118(1) of the Companies Act, 2013, due to failure to maintain meeting...
The Central Government vide Gazette notification dated January 22, 2021 has introduced Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. Corporate Social Responsibility (CSR) means the activities undertaken by a Company in pursuance of its statutory obligation laid down in section 135 of the Act in accordance with the provisions contained in these rules, but shall […]
Definition of Unlisted Public Company- Section 2(71) “public company” means a company which— (a) is not a private company *****14[and]; (b) has a minimum paid-up share capital as may be prescribed (No minimum paid up capital Requirement) (c) The securities of Company is not listed in any stock exchange. Provided that a company which is a subsidiary […]
MCA has raised the threshold of default under section 4 of Insolvency and Bankruptcy Code (IBC) to Rs. 1 crore from the existing threshold of Rs. 1 lakh vide notification dated 24.03.2020.
MCA on 1 Feb. 2021 has made some amendments with 3 different notifications. Let us know about those amendments through this article. Summary of amendments made (a) Amendment in definition of Small company (b) Extending Scope for Mergers and Amalgamations for startup companies (c) Reducing the no. of days to check residence criteria of directors […]
A. ONE PERSON COMPANY 1. Who can Incorporate OPC : Current Provisions OPC can only be incorporated by a natural person who is an Indian citizen and resident in India Proposed by Union Budget 2021-22 Now OPC can also be incorporated by Non- Resident Indian (NRI). 2. Who will be considered as resident in India […]
Union budget 2021-2022 introduce foremost impact on companies act by amendment in definition of small company and setting up or incorporation rules of one person company in India. CHANGE IN DEFINITION OF SMALL COMPANY Existing definition: – small company means a company, other than a public company which fulfil following conditions: – (I) Paid up […]
This Article explains Relaxations Under Companies Act, 2013 Due To Covid-19 as announced by Government from time to time. All the relaxation right from 18th March 2020 are been mentioned date wise with Description of Relaxation provided. Date Description of Relaxation 18th March, 2020 Relaxed the requirement of holding Board meetings with physical presence of […]
Shikha Sharma Bagga Vs Union of India and Anr (Delhi high court) High Court in a Interim order Observed that A perusal of Section 7(1) (b) of the Companies Act, 2013, clearly shows that Advocates can file documents for incorporation of a Company. This would be true even in the case of LLPs. The MCA’s […]
Amendments in Companies (Incorporation) Rules, 2014 vide Companies (Incorporation) Second Amendment Rules, 2021 Following Rules of Companies(Incorporation) Rules, 2014 has been amended- Rule 3, 6, 7 and Annexure Summary of amendments made (a) Reducing the no. of days to check residence criteria of directors. (b) Omitting limit of Turnover and paid up share capital for […]
1. The Ministry of Company Affairs ‘ MCA’ vide Companies (CSR Policy) Amendment Rules 2021 shifted CSR spending mandatory from the voluntary. In this article, an attempt has been made to cover all the amendments read with statutory provisions under section 135 of Companies Act, 2013. 2. EFFECTIVE DATE – [Rule 1(2)]: The Amendment Rules […]
