Companies Act

Properties of struck off companies- Proposed amendments

Company Law - Properties of the struck off companies –  in light of the proposed amendments to the Companies Act, 2013 The Ministry of Corporate affairs noted that certain amendments of urgent nature would be required to strengthen the corporate governance & enforcement framework. Notice inviting Comments along with the List of proposed amen...

Read More

Registration of Creation, Modification and Satisfaction of Charge under Companies Act, 2013

Company Law - This article deals with registration of creation/modification/satisfaction of charge with registrar of companies under Companies Act, 2013. The registrar is required to maintain a register of charges in respect of every company which is open to public for inspection on payment of prescribed fee. 1. Provisions related to Charges Companies ...

Read More

Classes of companies and bodies corporate governed by NFRA and respective reporting requirements

Company Law - Classes of companies and bodies corporate governed by the NFRA: (Rule 3) (a) companies whose securities are listed on any stock exchange in India or outside India; (b) unlisted public companies having paid-up capital of not less than rupees five hundred crores or having annual turnover of not less than rupees one thousand crores or having...

Read More

One Person Company (OPC)

Company Law - 1. Definition of One Person Company (OPC) According to section 2 (62) of the companies Act, 2013, ‘One Person Company (OPC)’ means a company which has only one person as a member. 2. No. of Persons Required for formation of OPC An OPC company can be formed with just 1 Director and 1 member. 3. […]...

Read More

NFRA- Applicability, Power, Responsibilities and Filings

Company Law - Ministry has came up with Rules with respect to National Financial Reporting Authority (NFRA). The rules will come into force on the date of Notification in Official Gazette. Reading this article, you will come to know Applicability of these Rules and How Disciplinary Powers have been segregated between NFRA and ICAI now....

Read More

MCA proposes 20 further Amendments in Companies Act, 2013

Company Law - Pursuant to recommendations made by Committee to review the offences under the Companies Act, 2013, the Companies (Amendment) Ordinance, 2018 has been promulgated on 2nd November, 2018....

Read More

Extend last date for annual filing under Companies Act, 2013: ICSI

Company Law - ICSI received many requests from companies/ professionals for extension of last date for filing of annual forms due to the following reasons:...

Read More

Extend last date for MCA annual filing for the F.Y. 2017-18: TBA

Company Law - Tax Bar Association, Guwahati  requested MCA to grant extension of time for filing the MCA financial statements for the financial year ended 31st march, 2018 upto 31st December, 2018 without levying additional fees. Text of their representation is as follows- Tax Bar Association (Registered under the Societies Registration Act 1860) Sree...

Read More

Extend Due Date of ROC Form AOC4 and MGT7: KSCAA

Company Law - KSCAA represented that There is sufficient cause and need for the extension of filing of Annual Forms AOC-4 and MGT-7 for a reasonable period of time to give justice to the correctness of returns.In view of the same they have requested for the same to Hon. Union Minister of Finance and Corporate Affairs, Shri. Arun […]...

Read More

Postpone Commencement of KYC process for companies: ICSI

Company Law - The process of KYC of companies may be commenced from 1st January, 2019 since the companies as well as professionals are currently involved in conducting Annual General Meetings of their respective companies and thereafter in the months of October and November, they would be involved in the annual filing compliances with the MCA. ...

Read More

No legal bar on merger of an Indian LLP with an Indian Company

M/s. Real Image LLP  Vs  M/s. Qube Cinema Technologies Private Limited (NCLI) - M/s. Real Image LLP  Vs  M/s. Qube Cinema Technologies Private Limited (NCLI) Legislative intention behind enacting both the LLP act 2008 and The Companies Act 2013 is to facilitate the ease of doing business and create a desirable business atmosphere for companies and LLPs. For this purpose, bo...

Read More

SC Stayed Bombay HC Order Granting Relief to Disqualified Director

Registrar Of Companies Maharashtra Mumbai & Anr Vs. Shailendrajit Charanjit Rai & Anr. (Supreme Court) - On Monday, 06th August 2018, the Honourable Supreme Court has stayed Bombay High Court Interim Order for granting relief to Disqualified Director by admitting Special Leave Petition by Ministry of Corporate Affairs....

Read More

A person cannot be disqualified for non submission of his resignation by company in question

Karn Gupta Vs Union of India (Delhi High Court) - It is submitted that in the above facts and circumstances of the case that the petitioner has resigned from the directorship of the company in question, the petitioner would not incur a disqualification under Section 164 of the Companies Act. Consequently, the disqualification of the petitioner as n...

Read More

Restore Company name when company expresses its willingness to file ROC returns with late fee: NCLT

Ms. Rashmi Rajpal v. Klienz Herbal (P.) Ltd. (National Company Law Tribunal, Hyderabad Bench) - Ms. Rashmi Rajpal v. Klienz Herbal (P.) Ltd. (National Company Law Tribunal, Hyderabad Bench) Where name of a company was struck off because of delay in filing statutory returns, reasons of which was explained, and, company had expressed its willingness to file all returns along with payment of pr...

Read More

Delhi HC order on Filing of Returns by disqualified Directors under COD Scheme

Ms. Seema Singh Vs. Ms. Maninder Acharya (Delhi High Court) - 1. This bunch of writ petitions have been filed by persons who were directors in companies incorporated under the provisions of the Indian Companies Act, 1956. Apart from these companies, these petitioners have stated in the writ petitions that they were directors of other companies as well. In seve...

Read More

Committee for finalizing BRR Format for Listed / Unlisted Companies

F. No. 10/19/2018-CSR (Part File - 2) - (14/11/2018) - The Secretary, Corporate Affairs has constituted a Committee for finalizing the Business Responsibility Reporting (BRR) Format for Listed and unlisted companies based on the BRR Framework of the updated NVGs....

Read More

MCA notifies National Financial Reporting Authority (NFRA) Rules, 2018

G.S.R. 1111(E) - (13/11/2018) - MCA has notified the National Financial Reporting Authority (NFRA) Rules, 2018, which inter-alia includes provisions relating to Classes of companies to be governed by NFRA along with its Functions and duties, ICAI to Recommend and NFRA to monitor and enforce compliance of accounting/ auditing stand...

Read More

Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018

G.S.R (E). - (13/11/2018) - MCA vide its notification dated 13 November 2018  notified Companies (Registered Valuers and Valuation) Fourth Amendment Rules 2018. Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 will come into force on the date of their publication in the Official Gazette. Government of...

Read More

President assents Companies (Amendment) Ordinance, 2018

No 9 OF 2018 - (02/11/2018) - Hon'ble President has given his assent to Companies (Amendment) Ordinance, 2018 with effect from 02nd November 2018. Companies (Amendment) Ordinance, 2018 amends 31 Provisions of Companies Act, 2013. Text of Companies (Amendment) Ordinance, 2018 is as follows:-...

Read More

MCA extends due date of Filing Annual ROC Returns to 31.12.2018

General Circular No. 10/2018 - (29/10/2018) - MCA decided to relax the additional fees payable by companies on e-forms AOC-4, AOC (CFS) A0C-4 XBRL and e- Form MGT-7 upto 31.12.2018, wherever additional fee is applicable....

Read More

Recent Posts in "Companies Act"

Properties of struck off companies- Proposed amendments

Properties of the struck off companies –  in light of the proposed amendments to the Companies Act, 2013 The Ministry of Corporate affairs noted that certain amendments of urgent nature would be required to strengthen the corporate governance & enforcement framework. Notice inviting Comments along with the List of proposed amen...

Read More
Posted Under: Company Law |

Registration of Creation, Modification and Satisfaction of Charge under Companies Act, 2013

This article deals with registration of creation/modification/satisfaction of charge with registrar of companies under Companies Act, 2013. The registrar is required to maintain a register of charges in respect of every company which is open to public for inspection on payment of prescribed fee. 1. Provisions related to Charges Companies ...

Read More
Posted Under: Company Law |

Classes of companies and bodies corporate governed by NFRA and respective reporting requirements

Classes of companies and bodies corporate governed by the NFRA: (Rule 3) (a) companies whose securities are listed on any stock exchange in India or outside India; (b) unlisted public companies having paid-up capital of not less than rupees five hundred crores or having annual turnover of not less than rupees one thousand crores or having...

Read More
Posted Under: Company Law |

One Person Company (OPC)

1. Definition of One Person Company (OPC) According to section 2 (62) of the companies Act, 2013, ‘One Person Company (OPC)’ means a company which has only one person as a member. 2. No. of Persons Required for formation of OPC An OPC company can be formed with just 1 Director and 1 member. 3. […]...

Read More
Posted Under: Company Law |

Committee for finalizing BRR Format for Listed / Unlisted Companies

F. No. 10/19/2018-CSR (Part File - 2) (14/11/2018)

The Secretary, Corporate Affairs has constituted a Committee for finalizing the Business Responsibility Reporting (BRR) Format for Listed and unlisted companies based on the BRR Framework of the updated NVGs....

Read More

NFRA- Applicability, Power, Responsibilities and Filings

Ministry has came up with Rules with respect to National Financial Reporting Authority (NFRA). The rules will come into force on the date of Notification in Official Gazette. Reading this article, you will come to know Applicability of these Rules and How Disciplinary Powers have been segregated between NFRA and ICAI now....

Read More
Posted Under: Company Law |

MCA notifies National Financial Reporting Authority (NFRA) Rules, 2018

G.S.R. 1111(E) (13/11/2018)

MCA has notified the National Financial Reporting Authority (NFRA) Rules, 2018, which inter-alia includes provisions relating to Classes of companies to be governed by NFRA along with its Functions and duties, ICAI to Recommend and NFRA to monitor and enforce compliance of accounting/ auditing standards. Besides, NFRA has been empowered t...

Read More

Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018

G.S.R (E). (13/11/2018)

MCA vide its notification dated 13 November 2018  notified Companies (Registered Valuers and Valuation) Fourth Amendment Rules 2018. Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 will come into force on the date of their publication in the Official Gazette. Government of India Ministry of Corporate Affairs Not...

Read More

Committee of Experts on regulating audit firms & net- works report: A discussion

Committee of Experts on regulating audit firms and net- works set up by Ministry of Corporate Affairs in response to the issues raised by the Honorable Supreme Court in the judgement of S.Sukumar Vs. Institute of Chartered Accountants of India(February 23, 2018) submitted its report on October 25, 2018. It deals with steps to be taken to ...

Read More
Posted Under: Company Law |

Practical Effects of Companies (Amendment) Ordinance 2018

The twin objectives of the Ordinance are the promotion of Ease of Doing Business along with better corporate compliance. The key aim of the amendments are as follows....

Read More
Posted Under: Company Law |

Browse All Categories

CA, CS, CMA (3,887)
Company Law (4,097)
Custom Duty (7,090)
DGFT (3,768)
Excise Duty (4,163)
Fema / RBI (3,536)
Finance (3,745)
Income Tax (28,252)
SEBI (2,961)
Service Tax (3,408)

Search Posts by Date

November 2018
M T W T F S S
« Oct    
 1234
567891011
12131415161718
19202122232425
2627282930