Company Law - Page 5

Presumptive Tax Scheme for Professionals | Section 44ADA

Section 44ADA – Presumptive Tax Scheme for Professionals -A scheme for presumptive taxation was introduced under section 44ADA from the FY FY 2016-17. -Section 44ADA provides a simple method of taxation for small professionals. Section 44ADA offers a scheme of presumptive taxation of profits and gains arising from professions mentioned ...

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Companies Accounting Standard Rules 2021

17/151/2013-CLV-V 23/06/2021

1. Eligibility for qualifying to be Small and Medium Sized Company (SMC): –A company shall qualify to be small and medium sized company if all the following conditions are satisfied as at the end of the relevant accounting year: – i. Equity and debt securities are not listed on any stock exchange whether in India or outside ...

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Director Identification Number

Director Identification Number (DIN) A unique identification number is issued by the Central Government to a person who intends to be a Director in a new company or an existing company, that UIN is called Director Identification Number (DIN). It is compulsory for a person to obtain a DIN who is to be appointed as […]...

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Companies (Incorporation) Fifth Amendment Rules, 2021

Notification No. G.S.R. 503(E) 22/07/2021

MCA notifies Companies (Incorporation) Fifth Amendment Rules, 2021 vide notification no. G.S.R. 503(E) dated 22nd July, 2021. Vide this notification new Rule 33A. Allotment of a new name to the existing company under section 16(3) of the Act is been added after rule 33 of Companies (Incorporation) Rules, 2014 and new Form No.INC-11C is be...

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Removal of Name from Registrar of Companies | Section 248(2)

Removal of Name from Registrar of Companies under Section 248 (2) of the Companies Act, 2013 The Companies which does not want to carry out any business operations and is just bearing the burden of annual compliances, can proceed with closure of Company through the provisions of Section 248 (2) and 249 of the Companies […]...

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Financial Year Change of a Company under Companies act 2013

Change of Financial Year of a COMPANY under Companies act 2013 Lets start with meaning of Financial year: Financial Year: 1. Section 2(41) of the Companies Act, 2013 specify the definition of Financial year of a Company/Body Corporate. 2. Financial year means the period ending on 31stof March of every year, or 3. In case if […]...

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Minimum & Maximum age of Directors: an analysis

What should be the minimum age of a person to get directorship in a Company and the maximum age until which he can serve? Certainly, this is one of those questions which we often ignore, especially in case of Private Companies. However, it is pertinent to have conceptual clarity regarding the same. Now, let’s have […]...

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23 measures taken by MCA to fight COVID-19 pandemic

Ministry of Corporate Affairs Various measures taken by Ministry of Corporate Affairs (MCA) to fight COVID-19 pandemic Posted On: 20 JUL 2021 The Ministry of Corporate Affairs (MCA) primarily administers the provisions of the Companies Act, 2013 (the Act), the Limited Liability Partnership Act, 2008 and the Insolvency and Bankruptcy Code,...

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Liquidation should be the last resort after proper evaluation & calibration

Lotus City Plot Buyers Welfare Association Vs Three C Homes Pvt. Ltd &

In present facts of the case, the Hon’ble Appellate Tribunal held that Liquidation is the last resort and this programme of homebuyers needs some calibration and proper evaluation....

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Revival of Companies through National Company Law Tribunal

INTRODUCTION Financial distress caused by mounting non-performing assets (NPAs), stressed assets, and extended litigation afflicted India’s banking sector prior to the introduction of the Insolvency and Bankruptcy Code, 2016 (IBC). The Reserve Bank of India (RBI) tried numerous policies to help defaulting enterprises get out of trou...

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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.

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