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.
Company Law : Learn about Section 113 of the Companies Act, 2013, which governs corporate representation at company and creditor meetings, inclu...
Company Law : Learn about the legal procedures for director resignation and removal under the Companies Act, 2013, including compliance with ROC...
Company Law : Understand the process and requirements for converting an unlisted public company into an LLP, including necessary filings and doc...
Company Law : Understand if Form SH-7 is required during the conversion of CCPS to equity shares under the Companies Act, 2013, based on the aut...
Company Law : Learn about Section 203 of the Companies Act, its applicability to private companies, key provisions, and exceptions for companies...
Company Law : Analysis of CSR compliance under the Companies Act, 2013. Details on CSR spending mandates, sectoral allocations, and state-wise e...
Company Law : The Government acknowledges MCA-21 glitches, highlights improvements, ensures data security, and implements new features for bette...
Company Law : The Indian government has reduced reporting forms for companies on unclaimed dividends and integrated fund transfers with Bharatko...
Company Law : MCA21 portal saw 80.26 lakh form filings between April 2024 and January 2025, showcasing improved security, user experience, and s...
Company Law : Summary of NFRA's audit quality inspection of Lodha & Co., highlighting key deficiencies in audit documentation, independence poli...
Company Law : NCLAT Delhi held that trusteeship deeds are generally signed between the trust on behalf of the lenders and the personal/ corporat...
Company Law : NCLAT Delhi held that CoC decision to liquidate the Corporate Debtor is acceptable as corporate debtor has no assets and thus CIRP...
Company Law : Delhi HC examines NFRA's jurisdiction in issuing show-cause notices to Engagement Quality Control Reviewers (EQCRs) under Section ...
Company Law : The view that NCLT had no jurisdiction to entertain Section 95 Application filed by the Financial Creditor and the Application oug...
Company Law : NCLAT Delhi held that as per expressed provisions of section 101(1) of the Insolvency and Bankruptcy Code, 2016 moratorium period ...
Company Law : The ROC, Punjab & Chandigarh, imposed penalties on Arisebhavishya India Mutual Benefit Nidhi Ltd for failing to maintain a registe...
Company Law : Infracx Developers Pvt Ltd penalized for delayed INC-20A filing under Section 10A of the Companies Act, 2013. Total penalty: ₹43...
Company Law : Godrej Tyson Foods Ltd. penalized for failing to appoint a woman director under Section 149(1) of the Companies Act. Penalty inclu...
Company Law : NFRA imposes Rs. 5 lakh penalty and 5-year debarment on CA Neeraj Bansal for professional misconduct during Religare Finvest Ltd's...
Company Law : MCA penalizes Chandrabangshi Nidhi Ltd for violating Section 118(1) of the Companies Act, 2013, due to failure to maintain meeting...
How to determine meaning of Ordinary Course of Business under Related party Transactions? Who determines that the transaction with related party is in the ordinary course of business? Is it the Board or the Audit Committee? ♦ The Act does not clearly lay down tests for determining whether a transaction is in the ordinary course […]
Relaxation on levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act, 2008 The MCA vide General Circular No. 11/2021 dated 30.06.2021 , in continuation to its General Circular No. 11/2021 dated 30.06.2021, has granted additional time up to 31st August, 2021 to Companies & LLP to file […]
No additional fees upto 31st August, 2021 on forms under Companies /LLP Act due for filing during 1st April, 2021 to 31st July, 2021. The Ministry of Corporate Affairs (‘MCA’) vide today General Circular No. 11/2021 dated 30.06.2021 has extended the time given under earlier General Circular No. 06/2021 dated 03.05.2021. By today General Circular […]
Vide General Circular No. 12/2021 dated 30th June, 2021 MCA has decided that In case of CHG – 1 & CHG – 9 the period from 01.04.2021 till 31.07.2021 shall not be reckoned for the purpose of counting the number of days under section 77 & 78 of the Act. In line with the extension provided […]
Vide General Circular No. 11/2021 dated 30th June, 2021 MCA has decided to grant additional time up to 31st August, 2021 for filling of forms of Companies & LLPs due for filling during 1st April, 2021 to 31st July, 2021 other than charge forms without any additional fees. Accordingly, the due dates of DPT-3 & Form […]
Introduction: The Limited Liability Partnership (LLP) is formed under the LLP Act, 2008. LLP Registration is a famous term among Startups and new entrepreneurs. It can be difficult to operate an LLP type of business as compared to another type of business that offers better opportunities for the growth and development of the business. So, the benefits […]
Section 2(34) of the Companies Act, 2013 defines director to mean a director appointed to the Board of the Company. Only Individuals can be appointed as Directors in a company. It is not the name by which a person is called but by the position he occupies and the functions and duties that he discharges that determine whether in fact, he is a director or not.
Over the period of time, a business grows and expands itself. Companies can either internally restructure the company, or amalgamate with some other company, in order to bring about a change. This growth can be organic or inorganic depending on the way the business chooses to grow.
Ministry of Corporate Affairs (‘MCA’) has, vide its recent Notification No. GSR 409(E) dated June 15, 2021, notified the amendment in Companies (Meetings of Board and its Powers) Rules, 2014. By the said amendment,Rule 4 has been permanently deleted. Please note that Section 173 of Companies Act, 2013 (‘CA, 2013’) allows to hold Board Meeting […]
Q.1 What is Internal Audit? Ans. -Internal Audit(s) is/are performed to assess and improve the effectiveness of governance, risk management, and control over critical processes. Also, it provides the board and management with information and assurance related to their duties. -Technically, Internal Audit is a cost center in a company—it does not generate revenue. However, […]
