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Every Company shall on or before the 30th day of June, of every year, file with the Registrar, an annual return in Form DPT-3 which is the return of deposit or particulars of transaction not considered as deposit or both and furnish the information contained therein as on the 31st day of March of that year duly audited by the auditor of ...
Read MoreFurnishing of information about payment to micro and small enterprise suppliers – Form MSME 1 The Central Government vide the notification number S.O. 5622(E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small ent...
Read MoreArticle explains provisions related to why a Person cannot be appointed as Director if debarred by SEBI/ or any other authority, Limit of Directorships, Intimation of resignation by a Director to RO, Definition of Independent Director as per 16(1)(B) of SEBI LODR, Definition of Independent Director as per sec 149(6) of Companies Act, 2013...
Read More1. DIN Mandatory: As Directors, we are sure you have your Director Identification Number (DIN) in place. Any person, who is proposed to be appointed as Director in any Company, is required to have a DIN. {Section 1531. Every director having DIN in the event of any change in his particulars as stated in Form DIR-3 […]...
Read MoreThis article focusses on the development and current position of the legal proposition of withdrawal of the winding up petition under the 3 phases of Company Law in India- the Companies Act,1956; Companies Act,2013 and the Insolvency and Bankruptcy Code,2016, along with what the Supreme Court of India recently held on the constitutionalit...
Read MoreThe Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of the Companies (Second Amendment) Ordinance 2019 and for replacement of the said Ordinance in Parliament by a replacement Bill. It is based on the recommendations of the Committee to review offences under the Companies Act, 2013, so as to fill criti...
Read MoreSection 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.-(15-02-2019) ANNOUNCEMENT Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fa...
Read MoreRegarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years. This is regarding the applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where [&...
Read MoreGUIDANCE ON THE PROVISIONS OF SS-3 1. Ascertainment of amount available for payment/distribution as Dividend. 2. Declaration of Dividend 3. Entitlement to Dividend 4. Dividend in Abeyance 5. Payment of Dividend 6. Unpaid Dividend 7. Revocation of Dividend 8. Preservation of Dividend Cheques, Warrants and Dividend R...
Read MoreDisclosure regarding implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (SH Act,2013) made mandatory in the Director’s report as per amended the Company (Account) Rules, 2014 Press Information Bureau Government of India Ministry of Women and Child Development 21-December-2018 17:2...
Read MoreCushman And Wakefield India Private Limited Vs Union of India & Anr (Delhi High Court) - Cushman And Wakefield India Private Limited Vs Union of India & Anr (Delhi High Court) The issue which falls for consideration is in a very narrow compass, whether a company, other than a subsidiary company, joint venture or associate of other company forms a separate class for the purpose of el...
Read MoreUnion of India Vs Mr. Mukesh Maneklal Choksi (NCLT) - Union of India Vs Mr. Mukesh Maneklal Choksi (National Company Law Tribunal, Mumbai Bench) Since Respondent No 1, Mr Mukesh Maneklal Choksi, Statutory Auditor , colluded with the Chairman/Director of R-2 company and has given a false Audit certificate relating to the Profit & Loss Account and Ba...
Read MoreBhagavan 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...
Read MoreM/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...
Read MoreRegistrar 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....
Read MoreNo. 01/33/2013-CL.V (Pt.) - (15/02/2019) - It is stated that the issuance of any clarification on different provisions of Companies Act falls in the domain of this Ministry, and ICAI is neither empowered nor competent to issue such clarification and especially so without prior consultation with this Ministry....
Read More[ F.No. 1/1/2018 CL-V] - (08/02/2019) - Central Government hereby makes the following rules further to amend the Companies (Significant Beneficial Owners) Rules, 2018, namely These rules may be called the Companies (Significant Beneficial Owners) Amendment Rules, 2019....
Read MoreNotification No. S.O. 560(E) - (30/01/2019) - Central Government hereby appoints the 30th January, 2019 as the date on which the provisions of section 465 of the said Act in so far as they relate to the repeal of the Companies Act, 1956 (1 of 1956) [that in except in so far as they relate to the repeal of the Registration of Companies (Sikkim) ...
Read MoreG.S.R._ (E). - (22/01/2019) - It is hereby clarified that Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company....
Read MoreG.S.R. 43(E). - (22/01/2019) - Companies (Prospectus and Allotment of Securities) Rules, 2014 shall not apply to an unlisted public company which is:— (a) a Nidhi; (b) a Government company or (c) a wholly owned subsidiary....
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