Company Law - Page 465

No statutory compulsion on companies to declare and pay dividends every year

The data regarding companies which have not given dividend to their shareholders is not maintained in this Ministry. Further, there is no statutory compulsion on the companies under the Companies Act 1956 to declare and pay dividends to their shareholders every year. ...

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Activities of ROC and SFIO

The ROC and Serious Fraud Investigation Office (SFIO) are not engaged in similar work. ROCs primarily work as Registrar/Regulators for administration of the various provisions of the Companies Act, 1956 and SFIO is responsible for investigation of serious nature of financial irregularities/frauds committed by companies, entrusted to it by...

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Posted Under: Company Law |

Company Law – Amendment in regulations 14, 29 & Annexure- III & omission of regulation 36

Notification No. GSR 630(E) (12/08/2012)

Notification No. GSR 630(E), dated 12-8-2012 - Company Law Board hereby makes the following regulations further to amend the Company Law Board Regulations, 1991, namely:— 1. (1) These regulations may be called the Company Law Board (Second Amendment) Regulations, 2012....

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Procedures for Incorporation of Company in India

The best way to start a business is to incorporate Private limited company because it has many advantages like limited liability of members and directors, separate legal entity, easy compliance, etc. A company can be formed with minimum 2 directors and minimum paid up capital of Rs 1 Lakh....

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Clarification on Applicability of AS-11 & AS-16 to Companies

General Circular No. 25/2012 (09/08/2012)

Circular No. 25/2012, dated 9-8-2012 The Ministry has received several representations from industry associations that para 6 of Accounting Standard-11 and para 4(e) of AS-16 are posing problems in proper implementation of para 46A of notification 914(E) dated 29-12-2011. In order to resolve the problems faced by industry, it is hereby cl...

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General Circular No. 24/2012, dated 09/08/2012

General Circular No. 24/2012 (09/08/2012)

It has now been decided that any increase in remuneration of Non-Whole Time Director(s) of a company solely on account of payment of service tax on commission payable to them by the company shall not require approval of Central Government under section 309 and 310 of the Companies Act even if it exceeds the limit 1% or 3% of the profit [u...

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‘Product/Activity Group Codes’ for Cost Audit Reporting and Compliance

Notification No. S.O. 1747(E) (07/08/2012)

In exercise of the powers conferred by clause (b) of sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes the Product or Activity Groups as given in the Annexure enclosed....

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Companies (Fees on Applications) Rules, 1999 – Amendment in Notification No. GSR 501(E), dated 6-7-1999

Notification No. G.S.R. 617(E) (07/08/2012)

In exercise of the powers conferred by sub-section (1) of section 642, read with sub-section (2) of section 637A of the Companies Act, 1956 (1 of 1956), the Central Government hereby amends the notification of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) number G.S.R...

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Company Law Settlement Scheme for Companies in Jammu & Kashmir

General Circular No. 23/2012 (06/08/2012)

In order to give an opportunity to the defaulting companies in the state of Jammu & Kashmir to enable them to make their default good by filing such belated documents and to become a regular compliant in future, the Ministry, in exercise of the powers under Section 611(2) and 637B (b) of the Companies Act, 1956 has decided to introduce a ...

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Form 23B can be filed without additional fees up to 12th August, 2012

General Circular No. 22/2012 (03/08/2012)

I am directed to refer to the Ministry's General Circular no. 14/2012 dated 21st June 2012 & General Circular no. 19/2012 dated 27th July 2012 and to say that fees on Form 23B (Information by statutory auditor to the Registrar) has been further deferred for one week and shall now be applicable from 12th August, 2012....

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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.