Company Law - Page 10

Companies (Accounts) Amendment Rules, 2020

G.S.R. 60(E). (30/01/2020)

MCA notifies vide ‘Companies (Accounts) Amendment Rules, 2020′ that Every Non-Banking Financial Company (NBFC) that is required to comply with Indian Accounting Standards (Ind AS) shall file the financial statements with Registrar together with Form AOC-4 NBFC (Ind AS) and the consolidated financial statement, if any, with For...

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Rights & obligations of secured creditor in case of liquidation

As per section 52 of Insolvency and Bankruptcy code 2016, the secured creditor shall have two options in case of liquidation a) The secured creditor may relinquish his security interest to the liquidation estate and receive proceeds from the sale of assets by the liquidator as per section 53 (or) b) The secured creditor may […]...

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Data Bank registration & Online Proficiency test for Independent Directors

Brief note on Data Bank registration and Online Proficiency test for Independent Directors Ministry of Corporate Affairs (MCA) has issued  an Online Proficiency Self-Assessment test  for Independent Directors vide notification dated 22.10.2019. MCA has also notified Companies (Creation and Maintenance of Databank of Independent Director...

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Prevention of Oppression & Mismanagement under Companies Act, 2013

Relevant Chapter: Chapter XVI Relevant Sections: Sections 241- 246 of the Companies Act, 2013 SYNOPSIS 1. The terms Oppression & Mismanagement are not defined under the Companies Act. 2. It is decided by the Court on the basis of facts & merits of the cases. 3. Oppression & Mismanagement refer to the practices of managing [&he...

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Annual Compliance Calendar – Companies Act, 2013- Listed Company

After commencement of Companies Act, 2013 from 01st April 2014 Compliance requirement of Companies has been increased Like: MSME-1, BEN-2, Dematerialization of Shares, DPT-3 etc. Even no exemptions are granted to Public Limited Companies under Companies Act, 2013....

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Nidhi Company- 14 FAQs- What you should Know

Q.1 What should be objects of Nidhi Company? Ans. Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members. The primary object of Nidhi is to carry on the business of accepting deposits and lending money to member. Q.2 Whether Loan can […]...

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Procedure For Transfer Of Shares

Free transferability of share is one essential condition for Company form of business, subject to some restrictions under private companies. New Act, deals with substantially. Statutory provisions related to transfer of share one should refer the following sources: Section 56 of Companies Act, 2013 Rule 11 of Companies (Share Capital &...

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Stamp Duty on Transfer of Securities in DMAT Form In Unlisted Public Companies

Imposition of Stamp Duty on Transfer of Securities In DMAT Form In Unlisted Public Companies Before the recent notification in the Finance Act, transfer of securities in dematerialised form was not subject to any stamp duty. Recent amendment puts an end to any such relaxation. As we are aware that MCA has made it obligatory […]...

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List of Compliances and Filings for a Private Limited Company

A private limited Company is a famous form of limited liability form of ownership. The minimum number of persons required to incorporate and operate a private limited company is two. There is no restriction on the minimum amount of paid up capital of the company. The Unique features of a private limited company like limited […]...

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Corporate Social Responsibility- Applicability, Compliances, Permitted Sectors

Article explains Applicability of Corporate Social Responsibility (‘CSR’), B. Compliances to be undertaken upon applicability of CSR, Permitted Sectors for CSR, Methods of Implementation of CSR Amount, Proposed Amendments under Companies Amendment Act, 2019 (yet to be notified) which explains Treatment of the unspent CSR Amount and In...

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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.