Company Law

Companies with Zero Fees

Government has announced the incorporation of companies with zero fees and with simple procedures. Five procedures for starting a business are now integrated and can be done simultaneously. The ease of doing business policy of the government is in the form of these simple steps to form a company. RUN ( Reserve Unique Name) Reserving [&hel...

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Understanding The Applicability of NFRA Rules

Summary: National Financial Reporting Authority Rules, 2018 (NFRA Rules) notified by the MCA vide its Notification dated 13th November 2018, w.e.f 13th November 2018. The NFRA rules deal with the jurisdiction (scope), function, duties and powers of the NFRA. In this Article, we have covered applicability of the Rules and confusions among...

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Procedural checklist for conversion of Partnership Firm into Private Company

Applicability of Law(s): Chapter XXI, Part A Section 366 to 374 of Companies Act 2013 The Companies (Authorized to Registered) Rules, 2014.  Mode(s) / Method(s) of Conversion: Form a New Company as per prescribed under Companies Act 2013 with Conversion form. Prepare Execution deed to transfer the business together with all the assets an...

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An analysis of Impact of Companies (Cost Records and Audit) Amendment Rules, 2018

Ministry of Corporate affairs (MCA) on 3rd December released Companies (Cost Records and Audit) Amendment Rules, 2018. MCA has released draft rules earlier for public comments. However the rules published are very much different than what was being offered for public comments....

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Private Placement

1. As per section 42 of companies act 2013, a company may, subject to provisions of this section, make a private placement of securities. 2. A private placement shall be made only to a selected group of persons who have been identified by the board, whose number shall not exceed fifty or such higher amount as may be prescribed....

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ICAI withdraws Guide on disclosure of Specified Bank Notes

The Ministry of Corporate Affairs vide notification dated March 30, 2017 notified Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to the Companies Act, 2013. Vide this amendment, the following new clause was inserted in Rule 11 of Companies (Audit and Auditors) Rules, 2014...

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MCA proposes 20 further Amendments in Companies Act, 2013

Pursuant to recommendations made by Committee to review the offences under the Companies Act, 2013, the Companies (Amendment) Ordinance, 2018 has been promulgated on 2nd November, 2018....

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Extend last date for annual filing under Companies Act, 2013: ICSI

ICSI received many requests from companies/ professionals for extension of last date for filing of annual forms due to the following reasons:...

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Extend last date for MCA annual filing for the F.Y. 2017-18: TBA

Tax Bar Association, Guwahati  requested MCA to grant extension of time for filing the MCA financial statements for the financial year ended 31st march, 2018 upto 31st December, 2018 without levying additional fees. Text of their representation is as follows- Tax Bar Association (Registered under the Societies Registration Act 1860) Sree...

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Extend Due Date of ROC Form AOC4 and MGT7: KSCAA

KSCAA represented that There is sufficient cause and need for the extension of filing of Annual Forms AOC-4 and MGT-7 for a reasonable period of time to give justice to the correctness of returns.In view of the same they have requested for the same to Hon. Union Minister of Finance and Corporate Affairs, Shri. Arun […]...

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HC set aside RoC’s Order Disqualifying Directors for Non-Filing of Financial Statements

Bhagavan Das Dhananjaya Das Vs Union of India (Madras High Court) - Bhagavan Das Dhananjaya Das Vs Union of India (Madras High Court) (a) When the New Act 2013 came into effect from 1.4.2014, the second respondent herein has wrongly given retrospective effect and erroneously disqualified the petitioner-directors from 1.11.2016 itself before the deadline commenced...

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No legal bar on merger of an Indian LLP with an Indian Company

M/s. Real Image LLP  Vs  M/s. Qube Cinema Technologies Private Limited (NCLI) - M/s. Real Image LLP  Vs  M/s. Qube Cinema Technologies Private Limited (NCLI) Legislative intention behind enacting both the LLP act 2008 and The Companies Act 2013 is to facilitate the ease of doing business and create a desirable business atmosphere for companies and LLPs. For this purpose, bo...

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SC Stayed Bombay HC Order Granting Relief to Disqualified Director

Registrar Of Companies Maharashtra Mumbai & Anr Vs. Shailendrajit Charanjit Rai & Anr. (Supreme Court) - On Monday, 06th August 2018, the Honourable Supreme Court has stayed Bombay High Court Interim Order for granting relief to Disqualified Director by admitting Special Leave Petition by Ministry of Corporate Affairs....

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Director cannot be disqualified for failure of company to effect statutory compliances

Vikas Goel & ANR Vs Union of India & ANR (Delhi High Court) - Petitioners had ceased to be the Directors of the Company, as stated by them, on 8thApril, 2011 and that they could not have been penalized for the failure of the company to effect statutory compliances....

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A person cannot be disqualified for non submission of his resignation by company in question

Karn Gupta Vs Union of India (Delhi High Court) - It is submitted that in the above facts and circumstances of the case that the petitioner has resigned from the directorship of the company in question, the petitioner would not incur a disqualification under Section 164 of the Companies Act. Consequently, the disqualification of the petitioner as n...

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147 LLPs applied for striking off their names with ROC Bengal

No. ROC/WB/LLP/S.-75/F-24/Public Notice/2 - (11/12/2018) - Notice is hereby given that the Limited Liability Partnerships (LLPs), as per Annexure A, have filed applications under the Limited Liability Partnership Act, 2008 for striking off their names from the register of the office of the Registrar of Companies, West Bengal....

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Companies (cost records and audit) Amendment Rules, 2018

F.No. 1/40/2013-CL-V Part 1 - (03/12/2018) - MCA notifies Companies (cost records and audit) Amendment Rules, 2018 to further amend Companies (cost records and audit) Rules, 2014....

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Govt appoints NFRA Chairperson

S.O. 5848(E) - (28/11/2018) - Central Government  appointed Shri Rangachari Sridharan as the Chairperson, the National Financial Reporting Authority (NFRA), with effect from the 1st October, 2018 (afternoon) for a period of three years or till the incumbent attains the age of sixty-five years, whichever is earlier. MINISTRY OF...

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Re-Constitution of High Level Committee on CSR 2018

High Level Committee on Corporate Social Responsibility — 2018 (HLC-2018) is hereby re-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 CSR....

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Committee for finalizing BRR Format for Listed / Unlisted Companies

F. No. 10/19/2018-CSR (Part File - 2) - (14/11/2018) - The Secretary, Corporate Affairs has constituted a Committee for finalizing the Business Responsibility Reporting (BRR) Format for Listed and unlisted companies based on the BRR Framework of the updated NVGs....

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Recent Posts in "Company Law"

Companies with Zero Fees

Government has announced the incorporation of companies with zero fees and with simple procedures. Five procedures for starting a business are now integrated and can be done simultaneously. The ease of doing business policy of the government is in the form of these simple steps to form a company. RUN ( Reserve Unique Name) Reserving [&hel...

Read More
Posted Under: Company Law |

Understanding The Applicability of NFRA Rules

Summary: National Financial Reporting Authority Rules, 2018 (NFRA Rules) notified by the MCA vide its Notification dated 13th November 2018, w.e.f 13th November 2018. The NFRA rules deal with the jurisdiction (scope), function, duties and powers of the NFRA. In this Article, we have covered applicability of the Rules and confusions among...

Read More
Posted Under: Company Law |

147 LLPs applied for striking off their names with ROC Bengal

No. ROC/WB/LLP/S.-75/F-24/Public Notice/2 (11/12/2018)

Notice is hereby given that the Limited Liability Partnerships (LLPs), as per Annexure A, have filed applications under the Limited Liability Partnership Act, 2008 for striking off their names from the register of the office of the Registrar of Companies, West Bengal....

Read More

Procedural checklist for conversion of Partnership Firm into Private Company

Applicability of Law(s): Chapter XXI, Part A Section 366 to 374 of Companies Act 2013 The Companies (Authorized to Registered) Rules, 2014.  Mode(s) / Method(s) of Conversion: Form a New Company as per prescribed under Companies Act 2013 with Conversion form. Prepare Execution deed to transfer the business together with all the assets an...

Read More
Posted Under: Company Law |

An analysis of Impact of Companies (Cost Records and Audit) Amendment Rules, 2018

Ministry of Corporate affairs (MCA) on 3rd December released Companies (Cost Records and Audit) Amendment Rules, 2018. MCA has released draft rules earlier for public comments. However the rules published are very much different than what was being offered for public comments....

Read More
Posted Under: Company Law |

Private Placement

1. As per section 42 of companies act 2013, a company may, subject to provisions of this section, make a private placement of securities. 2. A private placement shall be made only to a selected group of persons who have been identified by the board, whose number shall not exceed fifty or such higher amount as may be prescribed....

Read More
Posted Under: Company Law |

Removal of Directors by members of the Company u/s 169 of Companies Act, 2013

Section 169 of Companies Act, 2013 talks about removal of a director by members. Section 169(1) Ordinary resolution is required to remove a director; Director appointed by Tribunal under section 242 shall not be removed; Independent director if reappointed for second term shall be removed by Special Resolution only. 169(1) not apply if di...

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Posted Under: Company Law |

All aspects of conversion of Company into LLP

Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013 as it is a form of business entity, which allows individual partners to be free from the concept of joint liability of partners in a partnership firm. LLPs are preferred form of business as it is an alternative corporate business [&hel...

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Posted Under: Company Law |

Fast Track Merger – Procedure, Relevant Forms and Post Merger Impact

In this article the writer shall deliberate the provisions of section 233 of the Companies Act, 2013 which deals with the issue of fast track merger, he try to explain the process and procedure involved and also seeks to elaborate the likely benefits of the fast track merger....

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Posted Under: Company Law |

Transfer of Unpaid / Unclaimed Dividend and Respective Shares to IEPF Authority

Procedure for Transfer of Unpaid / Unclaimed Dividend to IEPF- The company shall inform, at the latest available address, the shareholder concerned regarding transfer of shares three months before the due date of transfer of shares and also simultaneously publish a notice in the leading newspaper in English and regional language having wi...

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Posted Under: Company Law |

Company Law News India

Corporate law also known as the company law is the study of how the directors, shareholders, creditors, employees and other participants in the community, consumers, and the environment work together with each other. Company law deals with organizations which are registered or incorporated under the Indian company law. The latest Companies Act is the Act which controls the incorporation of companies, responsibilities of companies, directors and laws relating to dissolution of any company. The newly constituted Companies Act 2013 is divided into twenty-nine chapters comprising 470 with 7 schedules. This Act replaced the previous Companies Act, 1956 on August 29th, 2013. The newly constituted Act came into action on September 12th, 2013 with number of changes.

At Taxguru, we provide all the latest news relating to company law in India. Our portal is designed for alerting you on all the latest developments in the company law. We provide all the key cases, help, and guidance on all facets of company law.

Get to know about all significant changes in the Indian corporate laws with our comprehensive and the latest company law news. Our panel of experts offers in-depth analysis and understanding of the corporate and allied laws. At Taxguru, we cover everything from regulations for LLPs to changes in the corporate governance, M&A and Takeover Code, SEBI reforms, exchange controls and commercial arbitration. Tune in to find out more about the corporate laws and all the key developments.

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