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 : 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...
On analysing section 164(2) it was concluded that the same operates prospectively and a director would not demit office in terms of Section 167(1) of the Companies Act, 2013 on account of a disqualification incurred under Section 164(2) for conduct prior to the amendments to the Act introduced from May 7, 2018. Moreover, Central government had no power to cancel or deactivate the Director Identification Number (DIN) on account of a director suffering a disqualification under Section 164(2).
“Ethics is knowing the difference between what you have a right to do and what is right to do.” Increasing stakeholder’s activism has stimulated the role of Independent Directors. It has been decided in the case of “Central Government vs Sterling Holiday Resorts (India) Ltd. and Ors” that “Independent Directors should be appointed to strengthen […]
Article discuss the Criticalities in preparation of MSME-1 Data and form for the half year ended 30.09.2019 and for subsequent half year periods. It discusses What should be financial year for form MSME-1, which period data should be considered and many more things. In this editorial we will discuss the most asked questions on Filing […]
As the very name suggest that CS is one of the Key Personnel who manages the Company and is made responsible for the overall Compliance under the Companies Act and other applicable legislation. He has to report to the Board of Directors for timely guidance and strategic planning and perform such other duties as have been specified under various laws or delegated by the board from time to time. Moreover under SEBI norms a CS is regarded as a ’Compliance Officer’ which in itself is a great recognition.
Disqualification of Directors for Non-Filing of Annual Statements or Financial Statements for continuous period of 3 years MCA in September 2017, identified over 3 Lakh directors associated with the companies that had failed to file financial statements or annual returns in MCA 21 online for a continuous period of three financial years 2013-14 to 2015-16 […]
Seeing the importance Reverse Mergers are getting in recent years, it is clear that in the time to come, it would become one of the most preferred methods of public listing all over the world. Both developed and developing countries are realizing that reducing time and cost are the best ways for companies to gain a competitive advantage over their competitors, all the more highlighting the importance of such methods which serve both the objectives comprehensively. All in all, a country with a good corporate law with greater control and more credible auditing agencies is the best place where the benefits of Reverse mergers can be enjoyed to the fullest
Independent directors have a crucial role to play for keeping good governance practices. In order to ensure the basic literacy of company law, securities law and accountancy among Independent directors and to boost Corporate Governance standards in India, the Govt. has decided to introduce online proficiency self-assessment test for Independent directors.
MCA has recently issued Companies (Incorporation) Eighth Amendment Rules, 2019 on 16th October, 2019 As per Notification mentioned above there is amendment in Rule 25A i.e. Active Company Tagging Identities and Verification (ACTIVE). As per notification in Rule 25A in sub rule (1) proviso IV for the point III following shall be substitute: Old Provisions: […]
Important Update on ‘Identification and flagging of Disqualified Directors u/s 164(2) ( a) of the Companies Act, 2013 Please note that the Registrars of Companies (ROCS) are in process of identification and flagging of directors disqualified under section 164(2)(a) of Companies Act, 2013 for their default of non-filing of financial statement or annual return for […]
Steps for Registration of Registration of NGO under Section 8 of Companies Act, 2013- 1. Reserve Name under RUN: First steps while registering any type of NGO is selection of name. It should be identical/unique (you can use Noun instead of adjective while choosing name) from others and don’t forgot to use Foundation, Forum, Association, Federation, Chambers, Confederation, Council etc. at the end of the name.
