Company Law - Page 4

Promoters Directors can nominate any person as a director to apply under CFSS Scheme 2020

Navneet Sahay Verma and another Vs. Registrar of Companies and another (Bombay High Court)

Navneet Sahay Verma and another Vs. Registrar of Companies and another (Bombay High Court) The Petitioners, because of their disqualification, cannot apply under the Companies Fresh Start Scheme in respect of their companies. This Scheme is to end on 30 September 2020. They, therefore, seek a direction that they may be permitted to apply ...

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Compromises, Arrangements & Amalgamations: A Detailed Analysis

Section 230: Power to Compromise or Make Arrangements with Creditors and Members Section 231: Power of Tribunal to Enforce Compromise or Arrangement Section 232: Merger and Amalgamation of Companies Section 233: Merger or Amalgamation of Certain Companies Section 234: Merger or Amalgamation of Company with Foreign Company  Section 235: P...

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Posted Under: Company Law |

Appointment of Statutory Auditors in case of Casual Vacancy due to Resignation of Auditor

Casual Vacancy of the Auditor means a vacancy which is unpredictable and caused due to death, resignation, disqualification etc. of and auditor. Appointment of Auditor in case of casual vacancy is regulated by Section 139(8) (i) of the Companies Act, 2013. According to Section 139(8)(i) of the Companies Act, 2013, any casual vacancy in th...

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Posted Under: Company Law |

Checklist for Company Incorporation in India by Foreign national

Documents/Information Checklist for Company Incorporation in India by Foreign national DOCUMENTS REQUIREMENT: -Photo; -PAN (in case of Indian National) -Passport- Identity Proof; -Voter ID/DL/Aadhar (in case of Indian National) -Bank Statement/Electricity/Gas/Telephone Bill (Not older than 2 months)-Residence Proof *Other Documents: -Form...

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Posted Under: Company Law |

Checklist for DPT 3

Checklist for DPT 3 so that the same is easily available to get the required details from the Finance Team. Checklist for DPT 3 contains the following detail format- -Net Worth as per the latest audited balance sheet preceding the date of the return as on 31.03.2020 -Particulars of charge as on 31.03.2020 -Particulars of […]...

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Posted Under: Company Law |

Extension of Various Compliances By Ministry of Corporate Affairs

The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Ministry of Corporate Affairs has enhanced the timeline regarding the duration of several schemes till the end of the year 2020 in the wake of constant disturbance caused by the coronavirus pandemic in certain p...

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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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Posted Under: Company Law |

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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Posted Under: Company Law |

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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