The Ministry of Corporate Affairs vide its notification dated the 13th of June, 2018 introduced the Companies (Significant Beneficial Owners) Rules, 2018. In this editorial author shall discuss the basics about ‘Beneficial Ownership’, and Significant Beneficial Ownership legal provisions about beneficial ownership, compliance requirem...

Till now, Dematerialisation of Shares was a mandatory requirement for a listed entity to have its 100% promoter shareholding and 50% non promoter shareholding in demat form. But now, as a part of its drive to lift the corporate veil, target benami transactions and bring more transparency, the government plans to make it compulsory for [&h...

Article explains Meaning and Nature of Debentures and Preference shares . It further explains Status of Debenture / Preference share Holders, Obligation to Company of Debenture / Preference share Holders and further explains Share of Profits, Tax Benefit, Cheaper source of Finance, Effect on Authorized capital and Blockage of funds in i...

A giant step has been taken by the Ministry of Corporate Affairs (MCA) by its notification dated 13/06/2018, notifying the Companies (Significant Beneficial Owners) Rules, 2018 along with Section 90 of the Companies Act, 2013 as amended by the Companies Amendment Act, 2017 to eradicate money laundering, avoidance and evasion of laws and r...

Article focuses on Section 185 of Companies Act, 2013 as amended by Companies Amendment Act, 2017 on the issue whether Exemptions are available to private limited companies u/s 185 as per notification?...

Every significant beneficial owner is required to file a declaration in Form No. BEN-1 to the company in which he holds the significant beneficial ownership:...

Requirement of Filing: Any Person who is willing to appoint as Director in a Company/Limited Liability Partnership must have a Director Identification Number. DIN is a pre-requisite for becoming a Director. DIN includes DPIN (Designated Partnership Identification Number) Section: Section 153 of the Companies Act, 2013 Rules: Companies (Ap...

Since payment of Stamp Duty is always a Confusion & an unclear picture occurs whenever it comes to payment of Stamp Duty to the Government on Share Certificates.This articles provides you the answer to all your doubts along with Legal Provisions of the Companies Act, 2013 & Indian Stamp Act 1899 . The write-up includes Cause of St...

Since last 5 month, Its became impossible to incorporate LLP where promoter doesnt having DIN and become impossible to appoint a person as designated partner in LLP (to a person doesnt having DIN). MCA has issued Companies (Appointment and Qualification of Directors) Rules, 2018 and e-form DIR-3 and DIR-6 will be revised w.e.f. 15th June,...

Update on Companies (Management and Administration) Second Amendment Rules, 2018 1. Rule 13 & form MGT-10 shall be omitted – The change is due to implementation of Companies Amendment Act, 2017 wherein section 93 is omitted. Return of changes in shareholding position of promoters and top ten shareholders.- Every listed company shall...