Government has announced the incorporation of companies with zero fees and with simple procedures. Five procedures for starting a business are now integrated and can be done simultaneously. The ease of doing business policy of the government is in the form of these simple steps to form a company. RUN ( Reserve Unique Name) Reserving [&hel...

Summary: National Financial Reporting Authority Rules, 2018 (NFRA Rules) notified by the MCA vide its Notification dated 13th November 2018, w.e.f 13th November 2018. The NFRA rules deal with the jurisdiction (scope), function, duties and powers of the NFRA. In this Article, we have covered applicability of the Rules and confusions among...

Applicability of Law(s): Chapter XXI, Part A Section 366 to 374 of Companies Act 2013 The Companies (Authorized to Registered) Rules, 2014.  Mode(s) / Method(s) of Conversion: Form a New Company as per prescribed under Companies Act 2013 with Conversion form. Prepare Execution deed to transfer the business together with all the assets an...

Ministry of Corporate affairs (MCA) on 3rd December released Companies (Cost Records and Audit) Amendment Rules, 2018. MCA has released draft rules earlier for public comments. However the rules published are very much different than what was being offered for public comments....

1. As per section 42 of companies act 2013, a company may, subject to provisions of this section, make a private placement of securities. 2. A private placement shall be made only to a selected group of persons who have been identified by the board, whose number shall not exceed fifty or such higher amount as may be prescribed....

Section 169 of Companies Act, 2013 talks about removal of a director by members. Section 169(1) Ordinary resolution is required to remove a director; Director appointed by Tribunal under section 242 shall not be removed; Independent director if reappointed for second term shall be removed by Special Resolution only. 169(1) not apply if di...

Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013 as it is a form of business entity, which allows individual partners to be free from the concept of joint liability of partners in a partnership firm. LLPs are preferred form of business as it is an alternative corporate business [&hel...

In this article the writer shall deliberate the provisions of section 233 of the Companies Act, 2013 which deals with the issue of fast track merger, he try to explain the process and procedure involved and also seeks to elaborate the likely benefits of the fast track merger....

Procedure for Transfer of Unpaid / Unclaimed Dividend to IEPF- The company shall inform, at the latest available address, the shareholder concerned regarding transfer of shares three months before the due date of transfer of shares and also simultaneously publish a notice in the leading newspaper in English and regional language having wi...

Board Meeting:  A meeting of the board of directors of a company at which the policy of the Company and major decisions as to its future actions are discussed. The powers of the board are usually set out in the company’s Articles of Association (AOA). Frequency of Board Meetings (u/s 173 of CA, 2013 & SS-1) […]...