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Company Law

Company Law India: Read latest Company law news & updates, acts, circular, notifications & articles issued by MCA amendment in companies Act 2013. Article on Loans Company formation XBRL, Schedule VI IFRS.

Latest Articles


Comprehensive Guide to Fast Track Merger Under Section 233 of Companies Act 2013

Company Law : Learn the step-by-step process for a fast track merger under Section 233 of the Companies Act, 2013, including eligibility, forms,...

November 12, 2024 45 Views 0 comment Print

Non-Executive Director Remuneration: What Shareholders Should Know

Company Law : Explore governance concerns on non-executive director pay, including skewed compensation, lack of caps, and transparency issues fo...

November 11, 2024 3549 Views 0 comment Print

From Dormancy to Dominance: Analysis of Section 245 of Companies Act

Company Law : Explore impact of Section 245 of Companies Act on class action suits in India, analyzing recent cases, legal frameworks, and rise ...

November 9, 2024 663 Views 0 comment Print

Memorandum of Association (MOA): Foundation of Corporate Identity & Legal Structure

Company Law : Explore the Memorandum of Association (MoA), its clauses, and its role in defining a company's identity and structure under the Co...

November 6, 2024 1059 Views 0 comment Print

Issue & Conversion of Compulsory Convertible Preference Shares into Equity Shares

Company Law : Learn about the issuance and conversion process of Compulsory Convertible Preference Shares under the Companies Act 2013, includin...

October 31, 2024 816 Views 0 comment Print


Latest News


ICSI Request for Relief from penalties on Dematerialisation Issues

Company Law : ICSI highlights challenges in dematerialisation for private companies and seeks relief from penalties due to processing delays and...

October 30, 2024 2346 Views 0 comment Print

ICSI Request for Company Law & LLP Law Settlement Scheme 2024

Company Law : ICSI requests MCA for Company Law and LLP Law Settlement Scheme 2024 to address filing challenges and avoid penalties for companie...

October 30, 2024 9162 Views 0 comment Print

CBI Arrests Assistant Registrar of Companies for Accepting ₹3 Lakh Bribe

Company Law : The CBI has arrested an Assistant Registrar of Companies in Pune for demanding and accepting a ₹3 lakh bribe from a Mumbai compa...

October 24, 2024 645 Views 0 comment Print

Extension Request for DEMAT Requirement by Private Companies

Company Law : ICSI seeks an extension for private companies to comply with new DEMAT rules, citing concerns over costs, delays, and regulatory c...

September 9, 2024 11379 Views 0 comment Print

ICSI December 2024 Exam Enrollment & Important Dates

Company Law : Important dates for ICSI December 2024 exams, including enrollment, fee deadlines, and exemption criteria. Ensure compliance to av...

August 26, 2024 441 Views 0 comment Print


Latest Judiciary


Corporate Debtor dissolution u/s 54 of IBC could be sought after complete Liquidation

Company Law : The CoC resolved not to initiate liquidation process and decided to file an application for dissolution of the CD. In pursuance of...

November 12, 2024 51 Views 0 comment Print

NCLAT Permits Ex-Promoter of NCS Sugars, to Bid as Resolution Applicant

Company Law : Appeal filed by Meir Commodities challenging NCLT Hyderabad order allowing Narayanam Nageswara Rao to participate as a Resolution ...

November 4, 2024 264 Views 0 comment Print

Attempts to exploit insolvency framework to evade legitimate claims: NCLAT imposes Cost

Company Law : Neon Laboratories Ltd Vs Mayank Shah & Anr. (NCLAT Delhi) In a recent judgment, the National Company Law Appellate Tribunal (N...

November 1, 2024 267 Views 0 comment Print

Action u/s. 121 of I&B Code by creditor justified on failure to make payment as per repayment plan

Company Law : NCLAT Chennai held that failure to make payment as per repayment plan grants liberty to the creditor to initiate action under sect...

October 29, 2024 180 Views 0 comment Print

No tax claims should be accepted by RP after lapse of extended period of 90 days of Insolvency commencement date

Company Law : During the moratorium, tax assessment proceedings were initiated by CIT (appellant) against the corporate debtor. An order for the...

October 29, 2024 159 Views 0 comment Print


Latest Notifications


Penalty Imposed by MCA for Gap Exceeding 120 Days Between Board Meetings

Company Law : Ispat Sheets Limited fined for non-compliance with Companies Act provisions on Board meetings. Total penalty imposed: ₹40,000....

November 4, 2024 345 Views 0 comment Print

Non-compliance in filing Form PAS-6: MCA imposes Rs. 3.5 Penalty

Company Law : Ispat Sheets Limited penalized for failing to file Form PAS-6. The penalty includes fines for the company and its directors as per...

November 4, 2024 294 Views 0 comment Print

MCA Imposes ₹21.35 Lakh Penalty for Failing to Maintain Meeting Minutes

Company Law : Trouw Nutrition India faces penalties for failing to maintain board meeting minutes as required under the Companies Act, 2013....

October 22, 2024 924 Views 0 comment Print

Companies Act Section 197 Violation: RD Upholds ₹16 Lakh Penalty

Company Law : The appeal against the penalty under the Companies Act for Seva Parmodharmah Samajik Nidhi Limited was dismissed, confirming ₹16...

October 22, 2024 357 Views 0 comment Print

Disclaimer of Opinion not exempts auditors from statutory obligations: NFRA

Company Law : CA Chirag Doshi faces a ₹5 lakh penalty for professional misconduct in the statutory audit of Ushdev International Limited for F...

October 21, 2024 6309 Views 0 comment Print


General circular No. 52/354/CAB -87, dated 30/08/1988

August 30, 1988 469 Views 0 comment Print

Under the provision of S. 233B of the Act and the Cost Audit Report Rules made thereunder, the Cost Auditor after the submission of the Cost Audit Report has to furnish replies to all the supplementaries, queries from the Department of Company affairs arising through a review of the Cost Audit Report. A question has arisen as to when the term of a Cost Auditor in respect of company shall be deemed to have concluded. It is clarified that for the purpose of furnishing the certificate under sub-section

General Circular No. 52/409/80-CAB, dated 24/08/1984

August 24, 1984 379 Views 0 comment Print

Authentication of Cost Audit Report in cases where a firm of Cost Auditors is approved under U/s 233B (2) of the Companies Act, 1956 for conducting Cost Audit.

Appointment of Cost Auditor in Firm’s Name

November 19, 1983 403 Views 0 comment Print

All the partners of the firm are practicing cost accountants within the meaning of Section 6 and 7 of the Cost and Works Accountants Act, 1959,

Disclosure of full details in Cost Audit Report

March 18, 1983 1228 Views 0 comment Print

The attention of the Institute is drawn to the provisions of section 233B of the Companies Act, 1956, and the Cost Audit (Report) Rules, 1968, as amended from time to time. The duties of the cost accountants appointed to conduct an audit of cost accounts of the company flow directly from the above provisions and as such they should in strict compliance

Appointment of Cost Auditor as an Internal Auditor of a Company

January 20, 1983 3538 Views 0 comment Print

Similarly, a question has now been raised whether a Cost Auditor of a Company can also be its internal auditor which has been carefully examined in this Department. Since the Cost Auditor is required to comment on the scope and performance of internal audit as per the provisions of the Cost Audit (Report) Rules, 1968, it would tend to mitigate against proper and dispassionate discharge

Modification in sections 100-103, 391, 392 and 394 of the Companies Act 1956

February 2, 1978 766 Views 0 comment Print

In exercise of the powers conferred by rule I91-T3 of tho Ceram! Excises Rolm 1944, the Central Government hereby makes the following further amend‑ment in the notification of the Government of India is the Ministry of Finance.

Companies (Acceptance of Deposits) Rules, 1975

December 31, 1975 9531 Views 0 comment Print

Understand the Companies (Acceptance of Deposits) Rules, 1975, governing deposits. Learn about regulations, compliance, and key provisions for companies

Companies (Declaration of Beneficial Interest in Shares) Rules, 1975

February 20, 1975 1450 Views 0 comment Print

The declaration required to be made by a person referred to in sub-section (1) of section 187-C shall-within thirty days from the commencement of these rules, or within thirty days after his name is entered in the register of members of a company as the holder of a share in that company, whichever is later, be made to the company in Form I in duplicate.

Companies (Issue of Share Certificates) Rules, 1960

December 31, 1960 3717 Views 0 comment Print

Explore the Companies (Issue of Share Certificates) Rules 1960, governing the issuance, replacement, and records of share certificates under the Companies Act, 1956

Violation of Section 42(6) of Companies Act: MCA imposes Penalty of Rs. 2 Crores

May 18, 0223 6213 Views 0 comment Print

MCA penalizes Excel Vehicles Pvt. Ltd. Rs. 2 crores for Section 42(6) breach. Detailed analysis of the violation, penalties, and compliance directives.

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