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 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 : Understand stamp duty rules on share transfers in demat form for private limited companies. Covers legal framework, rates, respons...
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 : NFRA's 2023 inspection of M/s BSR & Co. LLP highlighted improvements in audit practices, independence policies, and documentation ...
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 : 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...
Company Law : United Technologies faces penalties for non-appointment of company secretary under the Companies Act, with fines for company and d...
MCA notifies Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 to amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. MCA inserts new Rule 6A. Manner of transfer of shares under sub-section (9) of section 90 of the Act to the Fund […]
Article explains Statutory provisions in relation to payment of managerial remuneration, Certain items excluded from calculation of managerial remuneration, Calculation of Net profit and Managerial Remuneration in case of loss or inadequacy of profits. Statutory provisions in relation to payment of managerial remuneration According to the provisions of Section 197 of the Companies Act 2013 […]
Applicable Provisions: S. 151 of Companies Act, 2013 read with Rule 7 of Companies (Appointment and Qualification of Directors) Rules, 2014. As per S.151, A listed company may have one director elected by small shareholders. Small shareholder means a shareholder holding shares of nominal value of not more than Rs. 20,000 or such other sum […]
CORPORATE SOCIAL RESPONSIBILITY BACKGROUND: A corporate entity uses the resources of society, it operates its business activity in a society, therefore it is responsibility of a corporate to take care of society in which it operates. Therefore, Corporate social responsibility (CSR) is an obligation of a corporate entity to give back to the society a […]
The dictionary defines the word Emeritus as a person having retired but allowed to retain his title as an honour. In India, Corporate world has been witnessing the elevation of corporate stalwarts as Chairperson Emeritus (hereinafter referred to as CE). Following are some of the companies which have appointed senior Board members/Promoters to the above position: 1. Tata Sons […]
Ministry of Corporate Affairs National Financial Reporting Authority seeks comments/suggestions from public and stakeholders on consultation paper on NFRA’s engagement with its stakeholders Posted On: 08 JUN 2021 7:00PM by PIB Delhi National Financial Reporting Authority (NFRA) has set up a Technical Advisory Committee (TAC) to, inter alia, provide NFRA with inputs from the perspective […]
Corporate Social Responsibility Benefiting Employees (CSR) Series – Part 1 Corporate Social Responsibility (CSR) activity means an activity undertaken by a company in pursuance of its statutory obligation laid down in Sec 135 of the Companies Act. The Corporate Social Responsibility (CSR) Amendment Rule 2021 vide Rule 2(d)(iv) excludes the activities benefitting employees of the […]
Every Company registered under Companies Act, 2013 needs to file some regular kind of forms with the Registrar of Companies within the prescribed time period. Followings are the forms for filling: 1.DPT-3: DPT-3 is one of annual return need to file every year with loan or advances as on 31st March within the period of […]
An overview of Companies (Creation and Maintenance of Databank of Independent Directors) Rules, 2019 Independent Directors serve as an important Institution of corporate governance contributing significantly at the boards by bringing a diverse set of skills with an independent judgement on the significant issues. The Desirable Corporate Governance Code by CII (1998) for the first […]
Ministry of corporate affairs (MCA) has recently notified some major changes in reporting requirements of financial statement by notifying amendments in Schedule III of companies Act 2013 to be applicable from FY 2021-22 these changes will correspondingly effect reporting and preparation of independent auditor’s report as well, though these changes are applicable from FY 2021-22, […]
