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 : Board resolution for altering the object clause and calling an EGM. Includes approval process, necessary amendments, and complianc...
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 : NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, ...
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 : 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 : Kalpakkam Nidhi Ltd fined Rs. 20,000 for non-compliance with Rule 14(6) of Companies Act. IT order mandates payment within 90 days...
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...
WHETHER A LIMITED LIABILITY PARTNERSHIP REGISTERED UNDER LIMITED LIABILITY PARTNERSHIP ACT, 2008 CAN BE THE SUBSIDIARY OF A COMPANY REGISTERED UNDER COMPANIES ACT, 2013- We can come up with the conclusion after reading through the analysis of following table. TITLE OF DEFINITION COMPANIES ACT, 2013 LIMITED LIABILITY PARTNERSHIP ACT, 2008 BODY CORPORATE In accordance with […]
The MCA has launched a new and simplified web based service R.U.N. (Reserve Unique Name) for reserving a name in place of INC-1. This has also removed the requirement to use a Digital Signature Certificate (DSC) during name reservation. It was another value addition to Ease of Doing Business in India.
SHIFTING OF REGISTERED OFFICE FROM ONE STATE TO ANOTHER STATE A registered office is the official address of a company to which all official letters, notices and reminders will be sent by any person, any government or non-government or regulatory body. In terms of Section 7 of the Companies Act, 2013 (Act), all registered companies […]
Rule 15 A. Posting and transfer of Members. – (1) Initial posting of a Member shall be done by the Central Government in consultation with the President. (2) Subsequent transfers to different Benches shall be done by the President having regard ordinarily to the following:—
The Companies Act, 2013 has come with a change in the theory of Loan and Investment by Company. The new Act provides that inter-corporate investments not to be made through more than two layers of investment companies. T
In the corporate world nowadays, increase in the rate of frauds has generated the need for the companies to analyze the requirements wrt to fraud reportings, in order to be proactive in tightening their internal systems for preventing the same. Keeping in mind the need of the hour, we have prepared a guide to fraud reporting under Companies Act and RBI Regulations in case of NBFCs.
MCA has notified the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 vide notification dated 18th November, 2019 amended the criteria under which approval of shareholders are required for entering into related party transaction under Rule 15 of Companies (Meetings of Board and its Powers) Rules, 2014, namely:- 1. In sub-clauses (i) […]
On 18th November,2019 Ministry of Corporate Affairs (MCA) had notified amendment in the Companies (Meeting of Board and its Powers) Rules, 2014 and amended criteria for Related Party Transactions (RPT) by amending Rule 15 (3) (a) (i) to (iv) of these Rule Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 vide MCA notification […]
In Chapter 1 of its Report, CLC has recommended amendments to 46 more provisions , detailed below under CA 2013 to reduce or remove criminality and de-clog the criminal justice system by retention of status quo in case of non –compoundable offences. CLC has adopted a principle based approach to further remove criminality, in case of defaults which can be determined objectively, and which otherwise, lack the element of fraud or do not involve larger public interest.
Amendment in Criteria of threshold limits for Related Party Transactions (RPT) vide Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 On 18th November,2019 Ministry of Corporate Affairs (MCA) had notified amendment in the Companies (Meeting of Board and its Powers) Rules, 2014 and amended criteria for Related Party Transactions (RPT) by amending […]
