Company Law

Annual General Meeting under Companies Act, 2013

Normally, gathering of two or more persons means Meeting. If we stick to our topic, the companies running their business throughout the year by the management of the company, by the fund i.e. capital provided by members of the company initially. Therefore it becomes a right of members to be regularly updated about the working […]...

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Filing of IEPF-5 With MCA Portal

WHEN TO FILE IEPF-5? The person, in respect of whom any amount is transferred to the IEPF, can make an application by filing Form IEPF-5 with the MCA Portal that shall further process the application. IEPF authority may seek necessary clarifications from the concerned company/bank. Any person, whose shares, unclaimed dividend, matured dep...

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Related Party Transaction | Section 188 | Companies Act, 2013

Analysis on Related Party Transaction Under Section 188 of the Companies Act, 2013 – Section 188 of Companies Act, 2013 is been made effective from 01.04.2014 and since than the same been amended nine times till date. In this article Analyses Provision of Section 188- Meaning of Related Party Transactions Covered Some Important Defi...

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Is Non-Executive Director held liable for day to day act/s of the Company??

A company is a legal entity and does not have any physical existence. It can act only through natural persons to run its affairs. The person, acting on its behalf, is called Director. A Director is any person, occupying the position of Director, by whatever name called. They are professional men, hired by the company […]...

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Directorship- A Status or Responsibility

Private Limited Company is one of the most popular forms for carrying the business in India. It is formed under the Companies Act, 2013 (previously Companies Act, 1956). A Company is a separate legal entity distinct from its members. The day to day affairs and management is handled by the Board of Directors. Board of […]...

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Form NDH-4 to be available for filing w.e.f 11th October 2019

Form NDH-4 (Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis) notified vide the Nidhi (Amendment) Rules 2019 dated 1st July 2019 shall be available for filing w.e.f 11th October 2019’. Stakeholders may please take note and plan accordingly....

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Extension of last date of filing of Form DIR-3 KYC to 14/10/2019

We are pleased to inform you that the MCA has extended the time limit for filing e-form DIR-3 KYC for Financial year 2018-19 till 14th October 2019. In this regard, the following amendments may be noted:...

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ICSI requests Extension of last date for filing of DIR-3 KYC

Every individual who holds a Director Identification Number (DIN) as on 31st March of a financial year is required to submit e-form DIR-3-KYC to the Central Government on or before 30th September of immediate next financial year....

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MCA advisory on e-filing to avoid last minute rush

To avoid last minute rush and system congestion on the MCA21 Portal on account of Annual Filings during the Month of October and November 2019, Companies are requested to file their Financial Statements and Annual Returns at the earliest, Without Postponing it to the Last Days....

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11 Initiatives taken by MCA towards Ease of Doing Business

Initiatives taken by the Ministry towards Ease of Doing Business 1. Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requirement for minimum paid up capital was removed. 2. Central Registration Centre(CRC) was established by MCA under Section 396 of the Companie...

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Group Insolvency of real-estate companies for a consolidated Resolution Plan allowed by NCLAT

Edelweiss Asset Reconstruction Company Limited Vs Sachet Infrastructure Pvt. Ltd. (NCLAT) - Edelweiss Asset Reconstruction Company Limited Vs Sachet Infrastructure Pvt. Ltd. (National Anti-Profiteering Authority) In these appeals as common order dated 7th March, 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Special Bench, New Delhi, is under challenge and commo...

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NCLAT clarifies NCLT’s Power to Dispense with Meetings of Shareholders & Creditors

DLF Phase–IV Commercial Developers Limited & Others (National Company Law Appellate Tribunal) - DLF Phase–IV Commercial Developers Limited & Others (National Company Law Appellate Tribunal) Indisputably, the proposed scheme of amalgamation between the Holding Company and its Subsidiaries is regulated by provisions of Chapter XV of the Act, Section 230 whereof provides for passing of an o...

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HC explains Liability of professionals acting as Non-executive directors

Rajendra Shah Vs State of Maharashtra & Anr. (Bombay High Court) - Practicing professionals are prohibited from acting as full time directors. They can only act as non-executive directors not performing administrative duties. Such persons cannot be prosecuted for offenses committed by the company. it will be a travesty of justice to prosecute all Directors if the o...

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Not to count Voting % of absent Financial Creditors to count voting shares: NCLAT

IDBI Bank Limited Vs Mr. Anuj Jain (National Company Law Appellate Tribunal) - IDBI Bank Limited Vs Mr. Anuj Jain (National Company Law Appellate Tribunal) As the voting is on, which is likely to be completed today by 5.00 p.m., we are not inclined to pass any specific order in the present I.A. No. 1857 of 2019 filed by the ‘IDBI Bank Limited’. After voting the decision if...

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NCLAT order allowing re-opening of books and re-casting of financial statements of IL&FS valid: SC

Hari Sankaran Vs Union of India & amp (Supreme Court of India) - Hari Sankaran Vs Union of India & amp (Supreme Court of India) Civil Appeal No. 3747 of 2019 titled Hari Sankaran vs. Union of India & Others filed by Ex-Director of Infrastructure Leasing & Financial Services Limited before the Apex Court has been dismissed by the Hon’ble Cour...

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Companies (Meetings of Board and its Powers) Amendment Rules, 2019

Notification No. G.S.R. 777(E). - (11/10/2019) - MCA notifies Companies (Meetings of Board and its Powers) Amendment Rules, 2019 with effect from 11th October, 2019....

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MCA amends CSR Schedule VII of Companies Act, 2013

Notification No. G.S.R. 776(E). - (11/10/2019) - Central Government hereby makes further amendments to Schedule VII of the Companies Act, 2013 which relates to Activities which may be included by companies in their Corporate Social Responsibility Policies....

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No fee payable for DIR-3 KYC filed till 14th Oct 2019

G.S.R. 749(E). - (30/09/2019) - For the financial year ended on 31st March, 2019, no fee shall be payable in respect of e-form DIR-3 KYC or DIR-3 KYC-WEB through web service till 14th October, 2019 – Companies (Registration Offices and Fees) Fifth Amendment Rules, 2019. Also Read-Last date for filing DIR-3 KYC extended till ...

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Last date for filing DIR-3 KYC extended till 14th Oct 2019

G.S.R. 750(E). - (30/09/2019) - MCA has extended the time limit for filing e-form DIR-3 KYC for Financial year 2018-19 (financial year ending on 31st March, 2019) till 14th October 2019   vide Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2019. Also Read- No fee payable for DIR-3 KYC filed till 14...

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No approval taken from Ministry of law in NCLT member appointment vacancy advertisement

A-44/50/2019-Ad.IV - (25/09/2019) - A-44/50/2019-Ad.IV Government of India Ministry of Corporate Affairs 5′ Floor, ‘A’ Wing, Shastri Bhawan Dr. R. P. Road, New Delhi-110001 Date: 25 Sept, 2019 To. Shri Nipun Singhvi, 111-112 University Plaza, Above Chocolate Room, Vinjay Cross Roads, Ahmedabad-380009 Subject- Informa...

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Recent Posts in "Company Law"

Annual General Meeting under Companies Act, 2013

Normally, gathering of two or more persons means Meeting. If we stick to our topic, the companies running their business throughout the year by the management of the company, by the fund i.e. capital provided by members of the company initially. Therefore it becomes a right of members to be regularly updated about the working […]...

Read More
Posted Under: Company Law |

Filing of IEPF-5 With MCA Portal

WHEN TO FILE IEPF-5? The person, in respect of whom any amount is transferred to the IEPF, can make an application by filing Form IEPF-5 with the MCA Portal that shall further process the application. IEPF authority may seek necessary clarifications from the concerned company/bank. Any person, whose shares, unclaimed dividend, matured dep...

Read More
Posted Under: Company Law |

Related Party Transaction | Section 188 | Companies Act, 2013

Analysis on Related Party Transaction Under Section 188 of the Companies Act, 2013 – Section 188 of Companies Act, 2013 is been made effective from 01.04.2014 and since than the same been amended nine times till date. In this article Analyses Provision of Section 188- Meaning of Related Party Transactions Covered Some Important Defi...

Read More
Posted Under: Company Law |

Is Non-Executive Director held liable for day to day act/s of the Company??

A company is a legal entity and does not have any physical existence. It can act only through natural persons to run its affairs. The person, acting on its behalf, is called Director. A Director is any person, occupying the position of Director, by whatever name called. They are professional men, hired by the company […]...

Read More
Posted Under: Company Law |

Directorship- A Status or Responsibility

Private Limited Company is one of the most popular forms for carrying the business in India. It is formed under the Companies Act, 2013 (previously Companies Act, 1956). A Company is a separate legal entity distinct from its members. The day to day affairs and management is handled by the Board of Directors. Board of […]...

Read More
Posted Under: Company Law |

Form NDH-4 to be available for filing w.e.f 11th October 2019

Form NDH-4 (Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis) notified vide the Nidhi (Amendment) Rules 2019 dated 1st July 2019 shall be available for filing w.e.f 11th October 2019’. Stakeholders may please take note and plan accordingly....

Read More
Posted Under: Company Law |

Group Insolvency of real-estate companies for a consolidated Resolution Plan allowed by NCLAT

Edelweiss Asset Reconstruction Company Limited Vs Sachet Infrastructure Pvt. Ltd. (NCLAT)

Edelweiss Asset Reconstruction Company Limited Vs Sachet Infrastructure Pvt. Ltd. (National Anti-Profiteering Authority) In these appeals as common order dated 7th March, 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Special Bench, New Delhi, is under challenge and common question of law is involved, they were...

Read More
Posted Under: Company Law | |

Foreign Company Compliance Under Companies Act 2013

Definition of Foreign Company: ♦ As per definition given under Section 2 (42) of the Companies Act, 2013; “foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conduc...

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Posted Under: Company Law |

Companies (Meetings of Board and its Powers) Amendment Rules, 2019

Notification No. G.S.R. 777(E). (11/10/2019)

MCA notifies Companies (Meetings of Board and its Powers) Amendment Rules, 2019 with effect from 11th October, 2019....

Read More

MCA amends CSR Schedule VII of Companies Act, 2013

Notification No. G.S.R. 776(E). (11/10/2019)

Central Government hereby makes further amendments to Schedule VII of the Companies Act, 2013 which relates to Activities which may be included by companies in their Corporate Social Responsibility Policies....

Read More

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.