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 : 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 : 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...
Section 185 of the Companies Act, 2013 regulates the provisions relating to grant of loans to directors of the company. Article explains Prohibition on grant of loans to directors under section Section 185 (1), Restriction under Section 185(2) on grant of loans to directors of the company, Exemption under Section 185(3) against on grant of […]
A. Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 Introduction: MCA has issued General Circular No. 07/2021 dated 03rd May, 2021 on relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 in view of COVID-19 related restrictions […]
FAQs on Removal of Names of Companies From the Register of Companies 1. When can ROC suomoto remove the name of Company? When: – ♠ A company which has failed to commence its business within one year of its incorporation; ♠ a company which has not obtained status of dormant is not carrying on any […]
RECENT MCA UPDATES Due to the unprecedented situation of COVID-19 second wave in nation it has become both challenging and difficult for the corporates to comply with the compliances. As a result of many representation and request by the stakeholders the Govt. has decided to provide certain relaxations as on 03.05.2021 which are as follows: […]
Compliance Relaxation to Business to Lessen Hardship of Covid 19 Wave-by Ministry of Corporate Affairs A. Circular No. 09/2021 dated 05/05/2021 – Covid 19 Relaxation ON CSR activities Following spending of CSR fund are eligible CSR activity under item nos. (i) and (xii) of Schedule VII of the Companies Act, 2013: creating health infrastructure for […]
1. Extension of time gap between two consecutive Board Meetings. General Circular No. 08/2021 Dated 03-05-2021 The requirement of holding meeting of the Board of the companies within the intervals provided in the section 173 of the Companies Act, 2013 (120 days) have been extended to 180 days for first two quarters of the FY […]
Gap between two consecutive Board Meetings may extend to 180 days for Quarter – April to June 2021 and Quarter – July to September 2021, instead of 120 days In view of the difficulties arising due to resurgence of COVID-19 pandemic and request received from stakeholders, the Ministry of Corporate Affairs (“MCA”) vide its General […]
Compliances Forms Due between 01/04/2020 to 31/05/2021 Ministry of Corporate affairs vide its General Circular No. 06/2021 Dated: 03/05/2021 has grants relaxation to the Companies and LLP to file the forms due between 01/04/2020 to 31/05/2021 without any additional fees upto 31/07/2021 except the forms CHG 1, CHG 4 and CHG 9. Forms Related with […]
Amendment In Schedule III under Companies Act 2013 Schedule III to Companies Act, 2013 (hereafter referred to as the Schedule) was modified vide notification dated March 24, 2021 to enhance various additional disclosure requirements while preparing the financial statements of a company. These amendments are applicable to audit reports issued in respect of accounting years commencing on […]
Relaxation of Timeline for Filing Forms Related to Creation or Modification of Charges Due to the covid 19, the pandemic ministry has provided some sort of relief to aid stakeholders by cutting down the time frame as follows: Applicability: CHG 1 and CHG 9 first case: Creation/modification made before 01.04.2021 but the due date for […]
