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 : Musiri Kamadhenu Nidhi Ltd and directors fined ₹14 lakh by Chennai ROC for violating Sections 117(3)(g) & 179(3)(g) of the Compa...
Company Law : APS Micro Credit fined Rs. 1 lakh for violating Section 158 of the Companies Act, 2013. Director failed to mention DIN in financia...
Company Law : Newraise Alayam Groups Pvt Ltd and its directors fined ₹5 lakh by Chennai ROC for violating Section 12 of the Companies Act, 201...
Company Law : MCA amends Companies (Prospectus & Allotment) Rules, 2014. Private companies (non-small) get compliance extension until June 30, 2...
Company Law : The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registe...
MCA amends Clause (vi) of CSR Schedule VII of Companies Act 2013 to includes measures for the benefit of Central Armed Police Forces (CAPF) and Central Para Military Forces (CPMF) veterans, and their dependents including widows vide Notification No. G.S.R. 399(E) dated 23rd, June 2020. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd, June […]
Ministry of Corporate Affairs vide circular General Circular No. 23/2020 dated June 17,2020 came up with relaxation of time and fees as well for filing of forms CHG-1/CHG-9 for creation as well as modification of Charge.
Draft Formats of Affidavit For Shifting of Registered Office Outside The State which includes Affidavit Verifying Petition, Affidavit Verifying List of Creditors, Affidavit for Future Liabilities toward Statutory Dues, Affidavit Verifying No Inquiry/Investigation Is Pending, Affidavit in Term of Section 13(5) of Companies Act, 2013, Affidavit Verifying Non-Retrenchment of Employee and Affidavit in Term of […]
Section 42- Companies Act, 2013- Offer or invitation for subscription of securities on private placement. The Companies Act, 2013 offers bunch of avenues to companies for raising funds and one of those is raising funds by issuing various securities. One of the avenue available with the companies is to raise funds by issuing securities through […]
Format of Consent Letter From Statutory Auditor under Companies Act, 2013. Date: ————– To, The Board of Directors Name of Company————- Address—————————- Sub: Consent Letter Dear Sir(s), Pursuant to the section 139 of the Companies Act, 2013 read with rules made thereunder, I/We, Name of Auditor/Auditor(s) firm, Chartered Accountant(s) hereby give my/our consent for being […]
An independent director is a member of the board who: -is a non-executive director of a company, -does not haveany kind of relationship with the company that may affect his/ her independence, -is not involved in day to day activities of the company, -helps the company in improving corporate credibility and governance standards. The companies […]
Process Of Appointment Of Auditor As Per Chapter X ‘Audit And Auditors’ Of The Companies Act, 2013 And Rules Made Thereunder: Appointment of Auditor: Section 139(1): Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till […]
SECTION 162 OF THE COMPANIES ACT, 2013 Appointment of Directors to be voted individually In General, the appointment of directors is done in the General meeting of the Company by passing Ordinary Resolution. If a company wants to appoint 5 directors in the general meeting, it has to pass 5 ordinary resolutions for their appointment […]
SECTION 163 OF THE COMPANIES ACT, 2013 Option to adopt Principle of Proportional Representation for Appointment of Directors in the General Meeting of the Company The appointment of directors is normally done through a simple majority in the general meeting of the company. As such, majority shareholders are in a position to select all the […]
Eligibility criteria for appointment as an Independent Director As per Section 2(47) of the Companies Act, 2013, ‘independent director’ means an independent director referred to in sub-section (5) of section 149. Comparison of Eligibility to be appointed as independent director under section 149 of companies act and Regulation 16(b) of SEBI (LODR) Regulations, 2015. […]
