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...
MCA has introduced Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021. And importantly CSR Spending made mandatory from voluntary w.e.f. financial year 2020-21. Date of Effectiveness of Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021: [1] Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 came into effect on 22 January 2021, as the same has […]
Ministry of Corporate Affairs has caused myriad amendments in the Companies Act, 2013 vide its recent Notifications issued on 22.01.2021. In this editorial, the author shall try to cover all Major amendments along with the impact of the same on the Corporates. List of Such Notifications Circulars is as follows:- S. No. Title Notification No. […]
Article focus on the detailed process of Transfer of Shares under the Companies Act, 2013. According to the Companies Act, 2013, shares of a Public Limited Company are freely transferable whereas a Private Limited Company is required to restrict the right to transfer its shares by its Articles of Association through Section 2 (68) of […]
RECENT CHANGES IN COMPANIES ACT, 2013 VIDE COMPANIES (AMENDMENT) ACTS, 2019 AND COMPANIES (AMENDMENT) ACTS, 2020 Sl No. Section Name Before Amendment After Amendment Effective Date Remarks 1. 2(52) (Definition of listed company) Listed company means a company which has any of its securities listed on any recognised stock exchange New proviso has been added […]
Amendment in Corporate Social Responsibility (CSR) Rules vide Companies Amendment Act 2019,Companies Amendment Act, 2020 & Companies (CSR Policy) Amendment Rules, 2021 W.E.F 22/01/2021- Sl No. Subject Key Changes 1. Quantum of spending (Sec 135-5) Now every company which has not completed the period of 03 Financial years will have to spend 2% during such […]
No additional fees shall be levied upto 15.02.2021 for the filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL and AOC-4 Non-XBRL in respect of the financial year ended on 31.03.2020. No additional fees will be levied for filing annual financial statements for the financial year ended as on 31st March 2020 upto 15th February 2021. […]
Amendment in the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 by the Ministry of Corporate Affair vide Notification dated 22.01.2021 as follows: Rule 4. CSR Implementation Registration of CSR Entity: Every entity which intends to undertake any CSR activity, shall register itself with the Central Government by filing the form CSR – 1 electronically […]
Ministry of Corporate Affairs (MCA) have ruled out the forbearance, which was there in requirements regarding corporate social responsibility (CSR). MCA has issued Companies (Corporate Social Responsibility Policy) Amendment rules, 2021 (rules) and notified Section 21 of the Companies (Amendment) Act, 2019 on 22 January 2021. Comparison of the overhauling brought in by the aforesaid rules […]
How to decide various dates for Annual report and for Annual filing including for financial year 2019-20 1) First draft un- audited Financial Statements are prepared as per section 128, 129 & 130 2) As per section 173, Then Board meeting is called by serving atleast 14 days notice for signing of draft Un-audited Financials […]
After CSR, rules 2014 now MCA has announced new CSR rules which shall be known as Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. FEW IMPORTANT POINTS IN THESE RULES ARE AS UNDER: Rule 2: Definitions ♦ Corporate Social Responsibility (CSR) definition has been revised and instead of activities mentioned in Schedule VII the activities […]
