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 : Appointment of other officer such as CTO, COO, and CMO as Key Managerial Personnel (KMP) under Companies Act, 2013 – Key Con...
Company Law : Private Limited Companies in India ought to observe annual filing necessities to keep transparency and prison standing. This artic...
Company Law : Cost audit and cost records serve as essential tools for achieving these objectives, enabling companies to monitor, control, an...
Company Law : Understand CSR in India, its applicability, permitted activities, non-permitted contributions, penalties for non-compliance, and r...
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 : The government addresses SFIO cases, IBC amendments, CSR compliance, and ESG reporting norms for publicly traded companies....
Company Law : Understand MCA V3 user types, registration, and login. Learn how to update profiles and resolve common issues....
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 : 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 : The appeal by Maptech Poly Products Pvt Ltd against a penalty for non-maintenance of its registered office was dismissed by the Re...
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...
Share transfer means transfer of ownership rights in shares from one person to another. Though the securities or other interest of any member in a public company shall be freely transferable, such transfer mandatorily involves the Compliance of Companies Act, 2013 and the Indian Stamp Act. The applicability of the Foreign Exchange Management Act, 1999 […]
The following are the provisions of the Companies Act, 2013 which are either not applicable to Private Limited Companies or certain provisions of the Companies Act are applicable to such companies with exceptions, modification and adaptions.
1. Form BEN-2: Form BEN-2 is the form where the beneficial owner who is required to declare a disclosure to the Registrar his interest in the shares of the company within thirty days of acquiring such beneficial interest in such a company. Section 90(4) of the Companies Act, 2013 mandates every company to file a declaration […]
Relaxations in Conducting of Annual General Meeting (AGM) in the F.Y. 2020-2021. Circular No-20/2020 Dated- 5th May 2020 This Circular is passed for clarification of holding AGM through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Link for the original Copy of the Circular is https://taxguru.in/company-law/mca-clarifies-holding-digital-agm-through-vc-oavm.html As all body corporate and stakeholder are in vague […]
The Companies Act 2013 consolidates and amends the law relating to companies and leaves no room for any mistake. Every newly incorporated Company or a Company which has been incorporated in India need to ensure compliance with Companies Act, 2013. One who is unaware of law may not escape liability for violating the law. Thus […]
Good News for Defaulting LLPs by Central Government in the form of introduction of LLP Settlement Scheme, 2020 The Government of India through Ministry of Corporate Affairs (MCA) has taken several measures in the year 2020 to promote ease of doing business in India. One such measure is issuance of ‘LLP Settlement Scheme, 2020’. In […]
Understanding the meaning of the term Amalgamation The term “Amalgamation” has not been defined under the Companies Act 2013. Basically, amalgamation is an external form of corporate reconstruction where two or more companies combine with each other (Transferor Company) resulting into formation of a new entity (Transferee Company). As per Accounting Standard – 14 (AS-14), […]
Article consolidates Recent Circulars issued by MCA during Lockdown period i.e. Circular No. 11/2020 to Circular No. 18/2020. These Circulars were issued to Provide relief from Compliance which are falling during the Lockdown period- S. No. Circular / Notification No Date Details of Notification Clarification 1 Circular No. 18/2020 21-Apr-20 Holding of AGM by Companies […]
1. No additional fee: No Additional Fee shall be charged for late filing during a moratorium period from 01st April to 30th September 2020, in respect of any document, return, statement etc., required to be filed in the MCA-21 Registry. (MCA may come with one more clarification on this). 2. Board Meeting Gap : As […]
Issue of Share on Rights basis is covered under Section 62 of the Companies Act, 2013 and Companies (Prospectus and Allotment of Securities) Rules, 2014. -The Right Issue of Shares is a formal invitation to the existing shareholders of the Company to buy additional new shares; such shares are issued in proportion to existing shareholding. -One pre-emptive […]
