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...
Sub-Rule (2) of Rule 3 prescribe that every existing body corporate other than a company governed by these rules, shall inform the Authority within thirty days of the commencement of these rules (subsequently extended till 30 days from the date of deployment), in Form NFRA-1, the particulars of the auditor as on the date of commencement of these rules.
Considering that all the other compliances have now been completed and reported to the MCA, the MCA has now pulled up its socks on the reporting requirements of Significant Beneficial Ownership by the Companies. MCA, on July 1, 2019, issued Companies (Significant Beneficial Owners) Second Amendment Rules, 2019 thereby notifying e Form BEN-2 required to […]
All the Individuals (whether Indian or any other nationality and whether residing in India or not) having DIN as on March 31 are required to file KYC form.
The NFRA rules, 2018 have been made applicable since 13.11.2018 by the MCA with intent to tap financial scams that the nation witnessed and to have a control over the workings of the Auditors. NFRA is an independent authority to control over the auditors and has been given a wide range of powers to monitor […]
NFRA-1 Form landing page Step 1: Enter the URL (eformnfra.nic.in). You will land on below screen (Screenshot-1), consisting of following options and information for the user Home- This option will facilitate the user to return to Screenshot-1 New user registration/signup – In order to proceed with the form submission, user needs to register on the portal, using this […]
The National Financial Reporting Authority Form-1 (NFRA Form-1) – Documents and Attachments The following details/documents are required before proceeding with Form NFRA-1 filling on NFRA Website www.nfra.gov.in . In case of Indian Body Corporate following details are required: 1. PAN of Indian authorized individual 2. PAN of body corporate 3. DIN of Director/Membership No. of […]
Time limit for filing NFRA-1 will be 30 days from deployment of Form on the Website of NFRA. Form NFRA-1 is available on https://nfra.gov.in/ and the last date of filing the same by Entities concerned is 31st July, 2019.
MCA, on July 1, 2019, issued Companies (Significant Beneficial Owners) Second Amendment Rules, 2019 thereby notifying e Form BEN-2 required to be submitted by companies.
As per the latest amendments, the updated definition of Small Company u/s 2(85) of the Companies Act, 2013 is as follows: ® Small Company means a company, other than a public company- (i) paid up share capital of which does not exceed fifty lakh rupees or such higher amount as may be prescribed which shall […]
Companies (Significant Beneficial Owners) Amendment Rules, 2019 was notified by MCA vide Notification Dated 8th February 2019 which are Subject to Provisions of Section 90 of Companies Act, 2013 and Section 469(1),(2) Companies Act, 2013. Article explains the following- Meaning of Significant Beneficial Owner (SBO) Who will be SBO in various Cases? Duty of the […]
