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 : Amendment to IEPFA Rules: CEO now required to sign annual statements alongside the Chairperson. Know the changes in IEPFA (Form of...
Company Law : Understand the implications of listing Non-Convertible Debt (NCDs) and Non-Convertible Redeemable Preference Shares (NCRPS) on a c...
Company Law : Navigate the process of shifting your company's registered office between states seamlessly. Learn about essential approvals, stak...
Company Law : Learn about the essential clauses of the Memorandum of Association (MOA) that define a company’s legal and operational framework...
Company Law : Learn about the compounding of offences under Section 441 of the Companies Act 2013, the procedure, and conditions for avoiding pr...
Company Law : ICSI seeks an extension for private companies to comply with new DEMAT rules, citing concerns over costs, delays, and regulatory c...
Company Law : Important dates for ICSI December 2024 exams, including enrollment, fee deadlines, and exemption criteria. Ensure compliance to av...
Company Law : CS Exam results for Professional and Executive Programs June 2024 are out. Check the pass percentages and toppers on the ICSI webs...
Company Law : Overview of foreign company closures, active subsidiaries, job losses in the auto industry, and investment data from 2014 to 2024....
Company Law : Explore the current status of pending cases in NCLT and NCLAT as of August 2024, reasons for delays, and the government's strategi...
Company Law : Supreme Court held that Covid-19 lockdown was a valid reason for extension of time to deposit the balance sale consideration to au...
Company Law : Supreme Court upholds NCLAT's decision, ruling that appeals filed beyond 90 days are not maintainable under Section 421(3) of the ...
Company Law : NCLAT New Delhi held that prior NOC from stock exchanges under Regulation 37(1)(2) the SEBI (Listing Obligation and Disclosure Req...
Company Law : The Bombay High Court quashed the 2023 order against Kabir Traders, remanding the case for reconsideration and reversing a debited...
Company Law : Delhi High Court held that timelines under Regulation 35A of the CIRP Regulations, 2016 for filing avoidance application are direc...
Company Law : The Ministry of Corporate Affairs updates the Companies (Adjudication of Penalties) Rules, 2024, affecting ongoing proceedings and...
Company Law : The ROC issued a penalty to Mazhil Nidhi Limited for non-compliance with Section 134(1) of the Companies Act. Key details of the o...
Company Law : The Registrar of Companies penalizes Soundarambigai Benefit Fund Nidhi for failing to include Director Identification Numbers in r...
Company Law : M/s. Mazhil Nidhi Limited penalized for failing to file annual returns under the Companies Act. Total penalties amount to ₹2,06,...
Company Law : Registrar of Companies imposes a penalty on Soundarambigai Benefit Fund Nidhi Ltd for non-compliance with securities regulations....
New Companies Act enacted with stricter compliance for related party transactions. The intention of the legislature in having stricter compliance to refrain the corporate world from fraudulent transactions under the cover of sister concerns. With newly enacted provisions the transactions with the related parties will be more transparent and more informed to the shareholders of the company. Let us understand the provisions of related parties in detail.
In what seems to have become an exclusive and welcome manner of making up for the perplexity created by the Companies Act, 2013, the Ministry has come out with yet another clarification vide General Circular no. 24/2014, Dated: 25.06.2014 on holding of shares in fiduciary capacity in associate companies.
It is also clarified that the certificate from Forward Markets Commission will also be required in cases of companies registered with the words Commodity Exchange before the issue of this circular.
Ruchira Shinde Background – Ministry of Corporate affairs is coming up with the new clarifications and circulars every single day for doing away with the loopholes and confusions created under the Companies Act, 2013, and putting queries at rest. Two spectrums of areas of Companies Act, 2013(Act, 2013) was dealt with recently vide MCA General […]
Section 149(3) of the Companies Act, 2013 (Act) requires every company to have at least one director who has stayed in India for a total period of not less than 182 days in the previous calendar year. Government has received requests from stakeholders for clarification with regard to applicability of these provisions in the current calendar/financial year.
Companies Act, 2013 has unveiled a new era in the Indian Corporate Sector which places more reliance on disclosure norms rather than on approvals. One such area is related party transactions. While the Companies Act, 1956 warranted approval of Central Government for related party transaction by large cap companies, Companies Act, 2013 calls for larger disclosures with members’ approval.
Section 108 of the Companies Act, 2013 (‘Act, 2013’) read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (‘MGT Rules’) had made it mandatory for every listed company and company having not less than 1000 shareholders to provide e-voting facility at general meetings.
Krishna, many companies are worried, as they will have to submit new return about deposits and loans before 30th June 2014, as stated in New Companies Act 2013. It is said that there are very strict provisions and rules in new companies act.
Ministry of Corporate Affairs published a Draft Notification on 24th June, 2014 which, by far if notified, will be of paramount importance and will restore the heydays for private companies. Clearing the air with respect to the same, the Ministry of Corporate Affairs published a draft notification on the inapplicability/ partial/modified applicability of certain provisions of Companies Act, 2013 to the Private Companies in exercise of powers under section 462 of Companies Act, 2013 which states as under:
In continuation of the General circular No. 20/2013 dated 27/12/2013, it is clarified that the shares held by a company in another company in a ‘fiduciary capacity’ shall not be counted for the purpose of determining the relationship of ‘associate company’ under section 2(6) of the Companies Act, 2013.
