The Companies Act is a legislation that governs the formation, functioning, and management of companies. Explore the key provisions, compliance requirements, and legal framework under the Companies Act.
Company Law : The scheme allows companies to clear pending filings by paying only 10% of additional fees. It offers a limited-time relief to red...
Company Law : Recent ROC orders confirm that failure to file MSME Form 1 is no longer treated as a minor lapse. Non-filing leads to adjudication...
Company Law : The case clarifies that MSME-1 filing is triggered when payments to MSME suppliers exceed the 45-day limit. It emphasizes that eve...
Company Law : The advisory clarifies that Section 8 companies are prohibited from direct strike-off using Form STK-2. It highlights that closure...
Company Law : The Act grants the Board general managerial powers unless expressly restricted by provisions like Section 180. Section 179(3) mere...
Company Law : The issue concerns the inability to update trust details in CSR-1 registration records. It was highlighted that outdated informati...
Company Law : ICSI raised concerns over delays in NCLT hearings affecting corporate restructuring and insolvency matters. It emphasized the need...
Corporate Law : NFRA has released detailed guidance focusing on auditing provisions and contingent liabilities under Ind AS 37. It emphasizes impr...
Company Law : ICSI urged MCA to introduce a condonation scheme for delayed BEN filings caused by pandemic-related disruptions. The proposal aims...
Company Law : ICSI highlighted ambiguity between Section 9A and state laws causing confusion in stamp duty collection. It urged clarification to...
Company Law : Legal Analysis and Narrative Brief: Dale and Carrington Investment Pvt. Ltd. and Another v. P.K. Prathapan and Others (Supreme Cou...
Company Law : The case examined whether Tribunal approval was required for extending preference share redemption. It was held that such extensio...
Company Law : The Tribunal held that allegations of siphoning ₹30 lakh were not supported by any evidence tracing funds to the respondent. Mer...
Company Law : The Court held that a separate meeting of sub-class shareholders is not required when identical terms are offered to the entire cl...
Company Law : Supreme Court held that section 66 of the Companies Act, 2013 doesn’t require mandatory obtaining or circulating of formal valua...
Company Law : The MCA has released draft amendments to simplify company incorporation procedures and reduce compliance requirements. The proposa...
Company Law : The company failed to form mandatory board committees for over four years. The authority held that each non-compliance attracts se...
Company Law : The case involved incorrect filing of director designation in statutory records. The authority held that prolonged failure to rect...
Company Law : The case involved failure to file mandatory Form MR-1 for appointment of a Whole-Time Director. The authority held that prolonged ...
Company Law : The company delayed appointment of independent directors despite crossing the threshold. The authority held that prolonged non-com...
The scheme allows companies to clear pending filings by paying only 10% of additional fees. It offers a limited-time relief to reduce compliance burden and avoid penalties.
Recent ROC orders confirm that failure to file MSME Form 1 is no longer treated as a minor lapse. Non-filing leads to adjudication proceedings, with penalties imposed on both companies and directors.
The case clarifies that MSME-1 filing is triggered when payments to MSME suppliers exceed the 45-day limit. It emphasizes that even a single delay requires disclosure of outstanding dues and reasons.
The advisory clarifies that Section 8 companies are prohibited from direct strike-off using Form STK-2. It highlights that closure must follow prescribed legal routes to safeguard charitable assets and public interest.
The Act grants the Board general managerial powers unless expressly restricted by provisions like Section 180. Section 179(3) merely regulates decision-making procedures for specific matters. This ensures operational autonomy while preserving accountability.
Step-loans can unintentionally violate Section 185 by creating indirect loans to directors. Companies often overlook how layered transactions breach legal provisions. The key takeaway is to review fund flow and ensure ultimate beneficiaries are compliant.
The scheme allows companies to clear pending filings at reduced cost. It provides a major compliance relief with only 10% additional fees payable.
Companies that settle all MSME dues within 45 days are not required to file MSME Form 1 under original provisions. The rule focuses on delayed payments rather than routine reporting. Maintaining prompt payment practices avoids compliance burden.
The requirement to file MSME-1 arises only when payments to Micro and Small Enterprises remain outstanding beyond 45 days. The framework clarifies that timely payments eliminate the filing obligation, making it a conditional compliance requirement.
The MCA has released draft amendments to simplify company incorporation procedures and reduce compliance requirements. The proposal focuses on form consolidation, digital processes, and streamlined documentation.
