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...
Loan to Directors etc. Exemption to Private Company by Notification June 5, 2015-Whether still available after Companies (Amendment) Act, 2017 [Ref: Exemption Notification No GSR 464(E), June 5, 2015 & Companies (Amendment) Act, 2017] Section 185 of the Companies Act, 2013 (“CA, 2013”) was notified on September 12, 2013 and came into force on the same date […]
What is Annual Filing? Annual filing has no definite or fixed definition or explanation. It is a general term used by stakeholders/ professionals in regard to company for filing the mandatory forms to concerned department like Registrar of Companies, Income Tax Department, GST, etc. for containing all the major working of the company. This annual […]
The total number of companies registered in the country as on 31st December, 2020 stood at 2108614. Of them 753091 companies were closed. 2247 companies were assigned dormant status as per the Companies Act, 2013; 6841 were under liquidation; 39913 companies were in the process of being struck-off.
Companies Act 2013 stipulates various compliances which every company incorporated under the provisions of the Act are required to adhered to. There are some compliances whose applicability depends on the type of Company, paid up capital, turnover etc. Below is given a gist of all such compliances. Annual Return Certification Sec 92 Format MGT 8 […]
An overview of the fiduciary duties of Directors under Indian law. Section 166 of the Companies Act, 2013 lays down the fiduciary duties of Directors. They owe these duties not to individual entities of the Company e.g.- shareholders, creditors, etc.; but solely to the Company. These are- (i) Director should be acting in accordance with […]
[Ref: In Notification No. G.S.R. 794(E) dated 24.12.2020] Recently, the Ministry of Corporate Affairs (MCA) has amended eForm SH-7 (Notice to Registrar of any alteration of share capital) vide Notification No. G.S.R. 794(E) dated 24.12.2020. In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (“Act, 2013”) , […]
The law relating to criminal procedure applicable to all criminal proceedings in India is contained in the Code of Criminal Procedure, 1972 (Code). The Code is an Act to consolidate and amend the law relating to Criminal Procedure. The ‘Cognizable and Non-cognizable Offences’ have been categorised under the Code as cognizable and non-cognizable offence. It […]
The definition of Court under Section 2(29) the Companies Act, 2013, (the Act, 2013) also includes a ‘Special Court’ constituted under Section 435 of the Act, 2013. Chapter XXVIII constituting Sections 435 to 446B deals with the Special Courts under the CA, 2013. The definition of Court under Section 2(29) the Act, 2013 may be […]
Section 441 of the Companies Act, 2013 (CA, 2013) deals with Compounding of offence. Compounding of offences is not new under the Company Law; similar provisions were also present in Section 621A of the Companies Act 1956 (erstwhile Act). According to Section 441(1) of the CA, 2013, as amended by the Companies (Amendment) Act, 2017 w.e.f. 09.02.2018 […]
KSCAA has requested for Request for Extension of Companies Fresh Start Scheme i.e. CFSS 2020 and LLP Settlement Scheme 2020 to 31st March 2021 considering genuine hardships which have arisen due to Technical issues with MCA 21.
