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Right of Member to Copies of Audited Financial Statement

Copy of Financial Statement (defined under section 2(40) of the Companies Act, 2013 (‘the Act’) shall be sent to persons as envisaged under Section 136 of the Act. Section 136 also tells about the mode, time limit and other additional compliance related to same. This articles briefly elaborates Section 136 of the Act. Section ...

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Easy of doing business- New SPICE+ form for company incorporation

According to MCA as part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has notified & deployed a new Web Form Christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. The Ministry of Corporate Affairs is replacing the existing SPICe (Simplified...

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Posted Under: Company Law |

All about SPICE and new SPICE+Form

The new SPICe+ form provides even more services in a single form than the previous SPICe form. This might result in increase in company formations and lesser difficulties along with better compliance. The Ministry has taken a prudent decision and this can result in even quicker company incorporations....

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Posted Under: Company Law |

Checklist For ESOP (Employee Stock Option Plan) by private company

Checklist for issue of ESOP by private company As per 2(37) ’employees stock option’ means the option given to the directors, officers or employees of a company or of its holding company or subsidiary company or companies, if any, which gives such directors, officers or employees, the benefit or right to purchase, or to subscr...

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Posted Under: Company Law |

Revival of Companies | Section 252 | Companies Act, 2013

Section 248 -Power of Registrar to remove name of company from register of companies A company struck-off under Section 248 of the Companies Act, 2013 can be restored in the Register of Companies by an order of the National Company Law Tribunal (NCLT). Who can file an Application and Where to file an Application for […]...

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Posted Under: Company Law |

Form Spice+ New Process of Registration of Company Started

One more step in ease of doing business in India as the Ministry of Corporate Affairs (MCA) announces the launch of a new form ie., ‘SPICe+’ for incorporating a new company in India means that the existing SPICe has been replaced....

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Posted Under: Income Tax |

Search Report And Its Importance in Corporate World

Article explains What is Search Report, Who Demands Search Report, Whether Search Report also includes information other than available over the MCA Portal, Why Banks emphasis more on Search Report, What Search Report Includes, How Search Report helps Banks to know about Property mortgaged with them and What Information is being given by ...

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Posted Under: Company Law |

Major amendments for Indepenedent Director

The Ministry of Corporate Affairs (MCA) has come with the following new notifications dated 22nd October, 2019 (effective from 31st December, 2019) for introduction of databank of Independent Directors (IDs) in accordance with the provisions of Section 150 of the Companies Act, 2013. A brief detail of the said notifications is detailed be...

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Posted Under: Company Law |

Secretarial Audit: Recent Amendment

Section 204 of Companies Act, 2013 provides for Secretarial audit for bigger companies. It was hailed as an important step in improving corporate governance and ensure effectives compliances of the rules and regulations applicable on the company....

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Posted Under: Company Law |

Private Placement of Securities under Company Law

Articles explains Brief Introduction and Purpose of Private Placement of Securities, Statutory Provisions for Private Placement of Securities, Number of Persons to whom the offer shall be made, Private Placement Offer-cum-Application, Authorization by prior Shareholder’s Approval, Subscription of Securities, Mode of payment of Subscript...

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Posted Under: Company Law |