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Shifting of office of LLP From one State to Another State

Any newly incorporated Limited Liability Partnership (LLP) is required to provide a registered office while registering itself with the Registrar of Company (ROC) at least to receive and make correspondences. Then, once the LLP is registered there might be situations where the registered office of the LLP is shifted from one state to anot...

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Posted Under: Company Law |

Opportunities for CAs as an Independent Directors

The concept of Independent Directors is a welcome step for corporate governance in India. Independent directors are expected to use their capacity, knowledge, and resources towards the maximization of stakeholders’ value and well-being....

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Posted Under: Company Law |

Form MGT 8

Applicable provisions: Section 92(2) of the Companies Act, 2013 read with Rule 11 of Companies (Management and Declaration) Rules, 2014. The annual return (Form MGT 7), filed by a listed company or, by a company having such paid-up capital and turnover as may be prescribed, shall be certified by a Company Secretary in practice in [&hellip...

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Posted Under: Company Law |

Understanding the concept of Transmission of Securities

Introduction ‘Transmission of Securities’ means transferring the ownership of securities to legal heirs or successor or nominee or surviving joint holder, by operation of law, in case of death of a security holder, insolvency, inheritance or lunacy of the member. Securities As per Section 2(81) of the Companies Act, 2013 and S...

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Posted Under: Company Law |

Start-up India – Recognition, Eligibility, Tax exemption & Company Law Relaxations

Startup Recognition: Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R. notification 127(E) are eligible to apply for recognition under the program. Eligibility Criteria for Startup Recognition as per G.S.R. notification 127(E) is as follows: 1. The Startup should be incorporated as a private...

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Posted Under: Company Law |

Preliminary Notice for non-compliance u/s 148 of Companies Act, 2013 – Non- Appointment of Cost Auditor for FY 2016-17

MCA has started identifying the companies who have not complied with the provisions with regard to the appointment of Cost Auditor due to ignorance or otherwise and have started issuing the notices like the one as is given below as preliminary Notices for year FY 2016-17....

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Posted Under: Company Law |

Compliances to be undertaken for sale of an Undertaking

The Companies Act imposes some restrictions on the general powers of directors. Pursuant to section 180 of Companies Act, 2013 (Act, 2013), there are certain powers which the board of directors of a company can exercise only with the consent of the members of the company by means of a special resolution. In this article, […]...

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Posted Under: Company Law |

Due Dates For The Month of December of ROC Events

Article contains due dates For the Month of December 2021 Of ROC EVENTS which includes filing of ADT 1- Appointment of Auditor, AOC-4/AOC-4XBRL/AOC-4CFS/AOC-4 NBFC- Annual Financial Accounts, FORM 8- Statement of Accounts of LLP. EVENT PURPOSE DUE DATE ADDITIONAL FEES ADT 1 Appointment of Auditor 15 days from the conclusion of AGM If AGM:...

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Posted Under: Company Law |

Role of Independent Director In Strengthening Corporate Governance Norms In India

Since the emergence of big corporate scandals in India, there has been much debate on Corporate Governance and also the role of the company director including the independent director. India being a preferred investment destination will have to strengthen the governance norms, so to achieve the highest investment ever....

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Posted Under: Company Law |

Board Resolution Draft For Changing The Name of Company

BOARD RESOLUTION CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE BOARD MEETING OF DIRECTOR OF THE XYZ PRIVATE LIMITED (CIN:…………………) HELD AT REGISTERED OFFICE OF THE COMPANY AT ( Adress of Company) AT (Time)  ON (Date) FOR CHANGING THE NAME OF COMPANY “RESOLVED THAT pursuant to the provisions of section 13 and other a...

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Posted Under: Company Law |