Company Law - Page 20

Board Meetings & Restrictions on Powers of Board of Directors

The board of directors of a company is primarily an oversight board. It oversees the management of the company to ensure that the interest of non-controlling shareholders is protected. It also functions as an advisory board.[1] This paper is divided into two parts. The first part of the paper talks about the corporate governance provision...

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Playing Big Brother to Big Bosses: Assessing Responsibility of Auditors Under Indian Law

The auditors play a very important role in overseeing the company’s financial matters. As per S. 141 of the Companies Act, 2013 (‘Act’) only chartered accountants can be auditors. S. 143 provides that the auditor of a company shall have access to the books of accounts of the company at all times....

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Case Analysis of Howard Smith Ltd. v. Ampol petroleum Ltd

HOWARD SMITH LTD. v. AMPOL PETROLEUM LTD. AND OTHERS  PRIVY COUNCIL  14 FEBRUARY 1974  [1974] 2 W.L.R. 689 – [1974] A.C. 821 FACTS: There was a dispute between two companies to take over RW Millers. Both Howard Smith and Ampol held shares in this company. Ampol and Bulkships together held 55% in Millers. The directors […]...

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Dissecting capital reduction through a tax lens

Capital reduction is a scheme of corporate restructuring wherein the existing share capital of a company is reduced by lowering the face value of shares, cancelling part of the face value of shares or by cancelling shares entirely....

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MCA: Extension of Charge Scheme till 31st December, 2020

The time period of the relaxation in Charges is going to expire on 30.09.2020. Therefore, MCA has decided to extend the said Scheme till 31.12.2020. MCA vide General Circular No. 32/ 2020 dated 28th September, 2020 has extended the said Scheme till 31st December, 2020...

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Companies (Amendment) Act, 2020 – Highlights of amendments

The Companies (Amendment) Act, 2020 (herein after referred to as ‘the Amendment Act’) got the assent of Hon’ble President as on 28th September, 2020 and is thus operative since that date. It was passed by the Lok Sabha on 19th September, 2020 and by the Rajya Sabha on 22nd September, 2020....

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7 Due dates extended by MCA to 31st December, 2020

Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020 by the Government of India...

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Extension of timelines for various Company Law compliances under Companies Act, 2013

Keeping in view the practical difficulties being faced on account of Covid-19, MCA to facilitate Ease of doing business has granted following reliefs to Companies/LLPs by way of Circulars and Amendments to Rules dated 28.09.2020: 1. Extension of Companies Fresh Start Scheme, 2020 (CFSS): CFSS Scheme which was to end on 30.09.2020 Vide Gen...

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E-Form PAS-6 Can Be Filed Till 31st December, 2020

E-FORM PAS-6 FOR THE HALF-YEAR ENDED ON 30TH SEPTEMBER, 2019 AND 31ST MARCH, 2020 CAN BE FILED TILL 31ST DECEMBER, 2020. [Ref: “Companies Fresh Start Scheme, 2020 (CFSS-2020)” vide Circular No. 12/2020 dated 30th March, 2020 and General Circular No. 30/2020 dated 28th September, 2020]  The Ministry of Corporate Affairs (‘MCA’)...

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Benefit of Immunity under CFSS-2020 not Available to MSME-I

You are well aware that the companies are required to make certain disclosures pertaining to the vendors registered under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. However, we would like to marmorise flashback of changes made in the MSMED Act and requirement of Form MSME-I....

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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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