Company Law - Page 10

Golden opportunity for Defaulting Companies to clean their slate under CFSS-2020

Golden opportunity for Defaulting Companies to clean their slate under CFSS-2020 and also opportunity to disqualified directors to make active their DINs and DSC [Sandeep Agarwal & anr vs UOI & anr dated 02nd September, 2020 in W.P.(C) 5490/2020 & CM APPLs. 19779-80/2020 before Hon’ble Delhi High Court] In the captioned matt...

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Companies (Amendment) Bill, 2020 Changes to Companies Act, 2013

It appears that 2020 has been the year of various amendments for the corporates. With various amendments, the Government has again laid down another set of amendments by way of Companies (Amendment) Bill, 2020. The Union Corporate Affairs Minister Nirmala Sitharaman moved the Bill for passing in the Upper House (Rajya Sabha) on September ...

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ICSI Request for extension of timelines due to COVID-19

As your good self is aware that impact of COVID-19 pandemic has been harsh and the economy is struggling to come out of the crisis. The corporates are facing challenging times to meet the ends and function smoothly. Considering the current crisis, we request your esteemed office to consider further relaxations in due dates of the followin...

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CSR: Corporate Social Responsibility -Companies Act, 2013

The concept of Corporate Social Responsibility was introduced in India within legal framework by the Companies Act, 2013. Applicability As per section 135(1) of the Companies Act 2013, the CSR provision is applicable to companies which fulfills any of the following criteria during the immediately preceding financial year:- Companies havin...

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Strike Off of Company Name With Rules: A Detailed Analysis

♦ Section – 248: Power of Registrar to Remove Name of Company from ROC: Sec – 248(1): Where the Registrar has reasonable cause to believe that: (a) a company has failed to commence its business within 1 year of its DOI or; (b) Omitted (c) a company is not carrying on any business or operation: […]...

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Extend time limit of statutory Company Law compliances

Representation on technical glitches on MCA Web-portal & Request for extension in the time limit on submission of various statutory compliances by CA Social Affiliation (CASA) to Smt Nirmala Sitaraman, Hon. Finance Minister of India, Govt of India. CA Social Affiliation (CASA) Serving CA Profession since 2010 CASA/MCA/20-21/04   Dat...

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Major highlights of Companies (Amendment) Bill, 2020 in brief

The Companies (Amendment) Bill, 2020:- The Lok Sabha on Saturday passed a bill to further amend around 48 sections of the Companies Act, 2013 by decriminalizing various non-compoundable offences in case of defaults, but not involving frauds, omitting imprisonment for various offences which were considered procedural and technical in na...

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Time for registration of Independent Directors extended to 31.12.2020

S.O. _ (E) (22/09/2020)

The Ministry of Corporate Affairs has also extended the time within which Independent Directors of companies have to register themselves on the databank maintained by the IICA from 30.09.2020 to 31.12.2020. Government of India Ministry of Corporate Affairs Notification New Delhi, the 22nd August, 2020 S.O. _ (E).- In exercise of the power...

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Valuation under Companies, Income Tax & FEMA Act

Valuation under different Acts i.e. the Companies Act, 2013, Income Tax Act, 1961 and Foreign Exchange Management Act, 1999 Till the introduction of the Companies Act, 2013 (Act 2013), the valuation of shares, assets, net worth of companies etc. was conducted by Chartered Accountants or as prescribed by other laws such as the Foreign Exch...

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Extend CFSS 2020 & LLP Settlement Scheme 2020

Request for Extension of Companies Fresh Start Scheme i.e. CFSS 2020 by at least by 3 months i.e. until 31st December, 2020 and a further request for similar relief for LLP Settlement Scheme 2020 in view of genuine hardships which have arisen due to Covid-19 pandemic. KARANATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R.) Date: 17th Sept...

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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.

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