Company Law - Page 5

Extension of name reserved through SPICE+ upon payment of fees

This is to inform you that the Ministry of Corporate Affairs has inserted Rule 9A w.e.f. 26th January, 2021 in the Companies (Incorporation) Rules, 2014 to further extend the time period of the name reserved through SPICE+ under Rule 9 upon payment of certain fees....

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Note on Dormant Companies under Companies Act, 2013

> INTRODUCTION: The Oxford Dictionary defines dormant as ​‘not active or growing now but able to become active or to grow in the future’. Accordingly, a dormant company will mean a company which is inactive or inoperative. The basic premise of a dormant company is that the company is not carrying any business and is […]...

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Mere Balance Sheet entries not amounts to acknowledgment of Debt under Limitation Act

Bishal Jaiswal Vs Asset Reconstruction Company (India) Ltd. & Anr. (NCLAT Delhi)

Section 18 of the Limitation Act, 1963 would have no application to proceedings under I&B Code. Therefore, the issue raised as regards acknowledgement of liability by reflection in the Balance Sheet/ Annual Return would be irrelevant....

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Appointment of director aged 70 years or above!!

Is it possible for a company to appoint or continue with a director aging 70 years or above? Answer to it is affirmative that too without any restriction. However a Managing Director, Whole-time Director or Manager cannot be appointed or continued if aged 70 years or above, but their appointment is also possible subject to […]...

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Resolution Professional or Committee of Creditors cannot reclassify status of a creditor from Financial to Operational Creditor

Mr Rajnish Jain Vs Manoj Kumar Singh – I.R.P. (NCLAT, Delhi)

Mr Rajnish Jain Vs Manoj Kumar Singh – I.R.P. (NCLAT, Delhi) Resolution Professional or Committee of Creditors cannot reclassify status of a creditor from Financial to Operational Creditor NCLAT held that during CIRP, the IRP is authorised to collate the claims, and based on that he is empowered to constitute the Committee of Creditors....

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New Rule 9A For Name Reservation under Companies Act 2013

MCA on 24th of December, 2020 inserted the new rule 9A. The rule provides the extension in the time limit for the reservation of name. Before moving further with the new rule I am encapsulating the existing provision related to reservation of the name. Currently, we are incorporating company through SPIC+ integrated system of company [&he...

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MCA notifies Rule 9A Extension of reservation of name

G.S.R. 795(E) (24/12/2020)

MCA has vide Companies (Incorporation) Third Amendment Rules, 2020 notified Rule 9A. Extension of reservation of name in certain cases. Under the rule Registrar shall extend the period of a name reserved under rule 9 up to 60 days on Payment of Fees. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 24th December, 2020 G.S.R. 795(E)....

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Disqualification, Striking off And Cancellation of DIN

In 2017, in order to eliminate the shell companies from the system, the Ministry of Corporate Affairs initiated a ‘striking-off’ drive whereby the Registrar of Companies had exercised its powers under Section 248 to strike off the name of the Companies “defunct” and thereby marking their Directors disqualified also cancell...

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Removal of Director Under Companies Act, 2013 with Notice & Resolution formats

In a company, the Board of Directors are the person who is responsible for the proper management and functioning of day to day affairs in an efficient manner.  The power of appointment of directors rests with the members and in few cases directors can also appoint directors in the company. However, removal of any director […]...

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Order of NCLT on Automatic Case Number Generation

File No. 25/02/2020-NCLT (24/12/2020)

It is hereby informed that the Competent Authority has decided that Automatic Case Number Generation should be mandatorily started from In January 2021 in all NCLT benches across the Country....

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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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