Company Law - Page 5

Review on properties belonging to 2.09 lakh struck-off companies

Minister of State for Law, Justice and Corporate Affairs, Mr. P. P. Chaudhary reviews the follow-up action by the States on properties belonging to around 2.09 lakh companies struck-off from the Register of Companies by the Central Government. ...

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Posted Under: Company Law |

Last date to file AOC-4 XBRL E-Forms using Ind AS extended to 31.03.2018

General Circular No. 13/2017 (26/10/2017)

All companies required to prepare or voluntarily preparing their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 for financial year 2016-2017 are required to file their statements only in XBRL format....

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Nightmare for CA office in digital signing and filling of returns

It is virtually a nightmare for CA office in digital signing and filling of returns. The continuous up gradation without publicity hampers smooth working. Most of professional are filling 4 types of returns under GST, I-Tax, MCA & TDS with 31st Oct 17 being last date for all....

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Posted Under: Company Law |

Restriction on number of layers of subsidiary: A step in direction of improved corporate governance

In the fight against black money and in attempting to promote governance culture, the Indian government is constantly finding new weapons viz. demonetisation, roll out of Goods and Services Tax, introduction of new laws such as RERA, Insolvency and Bankruptcy Code, etc. The government is also plugging loopholes in existing laws and regula...

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Posted Under: Company Law |

NCLT imposes Rs. 10 Lakh Cost for seeking transfer of cases on minor excuses

Cyrus Investment & Anr Vs. Tata Sons Ltd. & Ors. (National Company Law Tribunal)

Cyrus Investment & Anr Vs. Tata Sons Ltd. & Ors. (National Company Law Tribunal) A perusal of the aforesaid prayer does not leave any manner of doubt that the prayer was made for entrusting the Company Petition No. 82/2016 to such Bench of the NCLT as may be appropriate for hearing the same on the […]...

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Posted Under: Company Law | |

NCLT Order levy of compounding fee of Rs. 3.39 Lakh for Non Appointment of CS

Re. Atyati Technologies Private Limited (National Company Law Tribunal Bangalore)

If a company contravenes the provisions of this section, the company shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees and every director and key managerial personnel of the company who is in default shall be punishable with fine which may extend to fifty thousand rupees an...

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Posted Under: Company Law | |

Companies (Removal of Difficulties) Second Order, 2017

S.O. 3400.(E) (23/10/2017)

In the Companies Act, 2013, in section 247, in sub-section (1), for the words a person having such qualifications and experience and registered as a valuer in such manner, on such terms and conditions as may be prescribed, the words a person having such qualifications and experience, registered as a valuer and being a member of an organis...

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Govt delegates power related to valuation of assets by registered valuers to IBBI

F. No. 1/27/2013-CL-V(Part-I) (23/10/2017)

Central Government hereby delegates the powers and functions vested in it under section 247 of the said Act to the Insolvency and Bankruptcy Board of India, subject to the condition that the Central Government may revoke such delegation of powers or it may exercise the powers under the said section, if in its opinion such a course of acti...

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Shifting of Registered Office of Company within State

Shifting of Registered Office of Company Background/Extract of Companies Act, 2013. As per provisions of Section 12 of Companies Act, 2013. 1. A company shall, on and from the fifteenth day of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as ma...

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Posted Under: Company Law |

Section 247 of Companies Act 2017-Valuation by Registered Valuers- Applicable from 18.10.2017

F. No. 1/27/2013-CL-V (18/10/2017)

Central Government hereby appoints the 18th October, 2017 as the date on which the provisions of section 247 of the Companies Act 2013 shall come into force....

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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.