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...
Recently MCA came with a notification dated 21st February, 2019 under which every company incorporated on or before the 31st December, 2017 shall file e-Form INC-22A Active Company Tagging Identities and Verification (ACTIVE). Applicable Section/Rules– Rule 25A of Companies (Incorporation) Rules, 2014 and also need to follow Section 12 of Companies Act, 2013. Time Limit– […]
In the year 2017, Ministry of Corporate Affairs by taking the ambit of Section 248 which talks about Power of Registrar to remove name of company from register of companies struck off more than 2 lakh companies which were not filing its returns for the last many years and the Government was of the view that such companies were not carrying on their business for more than 2 years. And Marked the Directors of such companies as DISQUALIFIED DIRECTORS
E-Form INC-22A is required to be filed pursuant to section 12 of the of the Companies Act, 2013 Once again Ministry of Corporate Affairs (MCA) came up with another strong move by introducing a new form INC-22A which is known as e-form Active (Active company tagging identities and verification). Vide notification dated 22nd February 2019 […]
The High Level Committee on Corporate Social Responsibility, 2018 was constituted under the Chairmanship of Secretary, Ministry of Corporate Affairs vide OM of even no. dated 22.11.2018 to review the existing framework and formulate a coherent policy on Corporate Social Responsibility.
Andhra Pradesh and Madhya Pradesh get new NCLT benches The Government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh. This step has been taken keeping in view the increasing case load, especially under the Insolvency & Bankruptcy […]
Ministry of Corporate Affairs has recently between 1st January, 2019 to 28th February, 2019 issued approximately 13 amendment notification / Circulars under Companies Act, 2013. These are Eight Notifications related to Amendments in Rules, Three other Notifications, One Circular and Companies Amendment (Ordinance) 2019. Most Important things about these notifications/ amendments is that for these amendments […]
MCA implemented the rule of Incorporation with Zero fees for the proposed companies with a nominal capital of less than or equal to Rs. 10 Lacs and in respect of proposed companies not having share capital, whose members does not exceed 20. Now with effect from 18.03.2019, this limit of 10 lacs has been revised to Rs. 15 lacs.
What are the new rules for the Return of Deposits? On 22nd January 2019, the MCA came up with a new amendment in the Companies (Acceptance of Deposits), Rules, 2014. Now as per the new guideline, every company other than the government companies has to file a onetime return of loans. Those which has not been […]
Today the topic with which I am dealing is ‘Process to apply for Director Identification Number DIN’ Q.1. What is Director Identification Number (DIN)? A. DIN is an 8-digit Unique Director Identification Number allotted by the Central Government to any person intending to become a Director/Designated Partner of a company/LLP. Q.2. Is DIN Same as […]
CS Shruti Bansal Article explains due dates of new compliances introduced by Ministry Of Corporate Affairs (MCA) recently which includes filing of ACTIVE FORM-INC 22A, INC-20A, DPT-3, MSME-1, BEN-1 and DIR-3 KYC Alongwith details of when the same was introduced, Fees for Filing and Penalty for late filing, Information/ Documents to be furnished with Form […]
