Company Law India: Read latest Company law news & updates, acts, circular, notifications & articles issued by MCA amendment in companies Act 2013. Article on Loans Company formation XBRL, Schedule VI IFRS.
Company Law : The process of striking off a private limited company refers to the removal of a company’s name from the Register of Compani...
Company Law : Appointment of other officer such as CTO, COO, and CMO as Key Managerial Personnel (KMP) under Companies Act, 2013 – Key Con...
Company Law : Private Limited Companies in India ought to observe annual filing necessities to keep transparency and prison standing. This artic...
Company Law : Cost audit and cost records serve as essential tools for achieving these objectives, enabling companies to monitor, control, an...
Company Law : Understand CSR in India, its applicability, permitted activities, non-permitted contributions, penalties for non-compliance, and r...
Company Law : The government addresses SFIO cases, IBC amendments, CSR compliance, and ESG reporting norms for publicly traded companies....
Company Law : Understand MCA V3 user types, registration, and login. Learn how to update profiles and resolve common issues....
Company Law : Find the provisional list of audit firms of listed companies that haven't filed NFRA-2 forms for the reporting period 2023-24. Upd...
Company Law : The Companies Act 2013 mandates corporate governance, transparency, and CSR reporting. Key provisions include financial disclosure...
Company Law : Understand the compliance regime for private limited companies in India, including business closure timelines and government measu...
Company Law : When the corporate debtor failed to pay the outstanding power obligation, appellant subsequently cut off the electrical service. O...
Company Law : The plain reading of the above provisions of Section 60(5)(c) clearly indicates that the NCLT is empowered to adjudicate any quest...
Company Law : NCLAT Delhi quashes CIRP against Alcuris Healthcare, ruling profit-sharing disputes do not constitute operational debt under IBC. ...
Company Law : NCLAT dismisses appeals in Saturn Ventures case, upholding RP’s findings on asset ownership and rejecting fraudulent transaction...
Company Law : NCLAT Delhi held that Liquidator is jurisdictionally empowered to proceed with private sale of Corporate Debtor by adopting Swiss ...
Company Law : The appeal by Maptech Poly Products Pvt Ltd against a penalty for non-maintenance of its registered office was dismissed by the Re...
Company Law : Vishnupriya Hotels' appeal led to a penalty reduction for non-compliance with Section 149(3) of the Companies Act. The company pai...
Company Law : Vishnupriya Hotels appealed against CSR non-compliance penalties. The Regional Director reduced the fine after reviewing submissio...
Company Law : Konoria Plaschem faced penalties for failing to appoint an internal auditor from 2014-2020. The fine was reduced on appeal. Read t...
Company Law : Water & Sanitation (India) for Urban Poor failed to hold board meetings from 2011-2019, leading to penalties. The fine was later r...
With over 20 million in population and with investment size of over US$4000 million in last 10 years, NRI plays an important role in Indian Growth history. NRI are those individuals who are the citizen of India but are resident outside India. We often overlook the term NR with NRI. However, both the terms are very much different and Indian legal system has different set of laws for both of them.
Ministry of Corporate Affairs has clarified the following issues with respect to the capitalisation of borrowing costs in power projects: 1) Borrowing costs incurred during extended delay in commencement of commercial production after the plant is otherwise ready, can not be capitalised by virtue of AS-10 & AS-16 issued by ICAI.
Bonus issue- Issue of bonus shares is regulated by the provisions of section 63 of the Companies Act, 2013. A company can issue bonus shares to its existing equity shareholders in a proportion as may be determined by the Board of Directors of the company based on the availability of adequate resources.
As per section 23(2) of Companies Act, 2013 (‘the Act’), a private company can issue securities in either of the following manners- – by way o f a private placement (section 42); or – by way of a rights/ bonus issue. In order to allot securities by way of a private placement offer, a company has to comply with the regulations as prescribed under section 42 of the Act. These regulations have been summarized below-
The Central Bureau of Investigation has arrested a Registrar of Companies, Ministry of Corporate Affairs, Chennai in a bribery case of Rs.10 lakhs. A case was registered against Registrar of Companies, Chennai and Chairman of Group of Companies based at Tamil Nadu U/s120-B of IPC and 7, 12 & 13(2) r/w 13(1)(d) of PC Act […]
Again an attempt has been made from my side to share my experience regarding Incorporation of a Company under Companies Act, 2013 in the form of an Article. This Article contains the procedure for Incorporation of a Company under Companies Act, 2013 with detailed documentation required.I hopethis document would be of some help w.r.t. your professional working:
Directors of a company hold the most crucial position in the Company. With the new Companies Act, 2013 already in force, their position has become even more significant than ever before. They are now formally included within the definition of key managerial personnel or “KMP” under Section 2(51) of the New Act.
Shareholders can remove any director before the expiry of his tenure, except any director appointed by Tribunal for prevention of oppression and mismanagement u/s 242 and a director appointed under principle of proportional representation u/s 163.
DIRECTORS RESIGNATION UNDER COMPANIES ACT, 2013:-. 1. The Director intending to resign shall send notice in writing to the Company. The resignation of a director shall take effect from: The date on which the Notice Is Received by the company or The Date, If Any, Specified by The Director in the notice, whichever is later.
Sitting SC judge Justice Arjan Kumar Sikri slams parliament over poor drafting of Companies Act, 2013 and warned that it may lead to Tsunami of Litigations. He Says that : Companies Act, 2013 been drafted in haste. There appears to be no thinking behind drafting of Cos Act Legislative authority of parliament has been delegated […]
