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 : Key documents for Pvt Ltd annual filing in India, including financial statements, annual returns, director reports, and compliance...
Company Law : Learn the key reasons for striking off a Pvt. Ltd. Company, including inactivity, financial issues, restructuring, or non-complian...
Company Law : Article contains detailed compliance checklist for private limited companies, including annual, event-based, and specific statutor...
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 : 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 Liquidator is jurisdictionally empowered to proceed with private sale of Corporate Debtor by adopting Swiss ...
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 : Emperium Constructions Pvt Ltd fined Rs. 50,000 for delayed INC-20A filing. Directors penalized Rs. 19,000 each under Section 10A ...
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...
HAVING TWO DINs WHAT TO DO AND HOW TO CHECK IF ONE IS HAVING TWO DINs? This article is especially for the person who has obtained more then 1 (One) DIN at any time. We came to know that Regional Director (Noida) has issued “Show Cause Notice U/s 266G of the Companies Act, 1956” to more than 2 Lac Persons.
The process of KYC of companies may be commenced from 1st January, 2019 since the companies as well as professionals are currently involved in conducting Annual General Meetings of their respective companies and thereafter in the months of October and November, they would be involved in the annual filing compliances with the MCA.
XBRL stands for Extensible Business Reporting Language. It is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information.
Central Government notifies 1 October 2018 as the date of constitution of the National Financial Reporting Authority (NFRA). The provisions of sub-section 1 and 12 of Section 132 of the Companies Act 2013 will also come into force from the same date. The provision of these sub-sections are related to constitution of NFRA and provides […]
1. Definition of Dividend under Companies Act, 2013 Companies Act, 2013 has not defined the term Dividend. However, Section 2(35) of the Act states that dividend includes interim dividend. In Corporate accounting language “Dividend is the distribution of portion of profits to the shareholders of the company. Normally Dividends are declared at the close of […]
MCA vide its notification dated 7th May 2018 notified the Sections 61 of the Companies (Amendment) Act, 2017, through which Section 185 has been amended and reproduced as follows: 1. Loan to Director or firm in which he is interested-Absolutely Prohibited Pursuant to section 185(1), no company shall advance any loan to or give any […]
A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on Corporate Social Responsibility ( CSR).
Most of the Stakeholders have complied with DIR 3 KYC Guidelines and some of the Stakeholders are in the process of uploading the form. Most of the Stakeholders successfully uploaded form . However various Practical difficulties must have been faced by some of them.
A. Maximum Managerial Remuneration Limit in case of companies having sufficient profits MCA vide its notification dated 12th September 2018 notified the Sections 66 to 70 of the Companies (Amendment) Act, 2017, through which Section 197 has been amended and reproduced as follows: Public Companies shall not pay managerial remuneration in excess of 11% of […]
The issue of securities in dematerialized form has been made mandatory for every unlisted public company (hereinafter referred as Company) by Ministry of Corporate Affairs (MCA) by inserting Rule 9A vide notification of the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 dated September 10, 2018 effective from October 2, 2018.
