Company Law - Page 5

Landmark change in Incorporating a Company

As we all know, on 6th February, 2020 Ministry of Corporate Affairs (MCA) has introduced a new process of incorporation of Companies via notifying Companies (Incorporation) Amendment Rules, 2020. As stated in Notification, it shall come in to Force from 15th February, 2020 onwards. I have segregated the changes in three parts for the pu...

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Disqualification of Director – Whether Right or Wrong

Section 164 (2) of Companies Act, 2013 enumerates two conditions for the disqualification of directors i.e. non filing of annual returns and financial statements and the non return of deposits or the non payment of dividends. Section 164 (2) is successor to the erstwhile provisions of Section 274(g) under Companies Act, 1956 which also ha...

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Posted Under: Company Law |

Rectification of Name of Company | Section 16 | Companies Act, 2013

Section 16: Rectification of Name of the company If through inadvertence or otherwise, on company registration or on its registration by a new name, is registered by a name which is:- By Central Government: In the opinion of CG The Name of the company is identical with or too nearly resembles the name of existing […]...

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Ready Reckoner on SPICe+ Integrated Web Form for company Incorporation

New Delhi, the 6 February, 2020 (12/02/2020)

Introduction: As part of Government of India’s Ease of Doing Business (EODB) initiatives, the MCA  would be shortly notifying & deploying a new Web Form ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ , structured into various sections, would offer 10 services thereby saving many procedures, tim...

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Posted Under: Company Law |

MCA initiatives to reduce cost of compliance by companies

MCA has been taking various initiatives on continuous basis to provide less stringent regulations, including measures with respect to filing requirements for small companies, One Person Companies (OPCs) and start-ups. This was stated by Shri Anurag Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a qu...

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Posted Under: Company Law |

Chairman Emeritus (Brief Summary)

Article explains Meaning of Chairman Emeritus, Key Benefits to the Company of Appointing Chairman Emeritus, Present Legal Position with respect to the Duties, Powers and disabilities of an Emeritus, Emeritus V/S Director, Procedure for Appointment of Chairman Emeritus for a listed Entity (not stated under the law depends on case to case b...

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Producer Company under Company Law In India

Introduction As per the Companies Act Minimum 10 individuals (Or More) or two or more producer institutions or by a combination of both (10 individuals and 2 institutions) can form a producer company with Minimum paid-up authorized capital is of Rs. 5 lakh. Members should be primary producers. Object Every Producer Company shall deal prim...

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Spice+ is really an initiative towards “Greater” ease of doing business?

The Ministry of Corporate Affairs have notified that as part of ease of doing business in India, it would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form where they will be summarizing almost 10 services to save TIME and COST for starting a new [&h...

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Posted Under: Company Law |

Release of new form for company incorporation (SPICe+)

To implement these rules MCA is going to release new incorporation Form 'SPICe+'. Which will be an integrated Web Form that will have two Parts, 'Part A' for reservation of Name of Company and 'Part B' for registration related services....

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Filing of Financial Statements by NBFCs (Ind AS)

The Ministry of Corporate Affairs (MCA) has made certain amendments in Schedule III of the Companies Act, 2013 vide its notification dated 11th October 2018. Pursuant to the said notification, Division III has been inserted in respect of Financial Statements for a Non-Banking Financial Company (NBFC) whose financial statements are drawn u...

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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.