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Companies Act

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.

Latest Articles

Mediation and Conciliation under Companies Act, 2013: Framework, Implementation & Distinctions

Company Law : Explore mediation and conciliation under the Companies Act, 2013. Learn about their framework, implementation, and distinctions fr...

June 14, 2024 60 Views 0 comment Print

Options for Voluntary Closure of Companies in India

Corporate Law : Article explains various methods for voluntary company closure in India, including striking off, NCLT winding up, and voluntary li...

June 13, 2024 516 Views 0 comment Print

Mark the Due dates for the Company Annual Filing FY-2023-2024

Company Law : For the Company Annual Filing for FY 2023–2024, this includes due dates for income tax, event-based ROC filing, ROC Annual Retur...

June 12, 2024 5337 Views 0 comment Print

How to declare Dividend: Company Law Provisions

Company Law : Discover the intricacies of declaring dividends under Section 123 of the Companies Act, 2013. Learn about sources, rules, and proc...

June 12, 2024 495 Views 0 comment Print

Suo-Moto Actions on Non-Compliance by Companies: A Prudent Approach

Company Law : Proactive suo-moto actions on non-compliance by companies under the Companies Act, 2013, help mitigate penalties, reduce legal ris...

June 11, 2024 360 Views 0 comment Print

Latest News

ICMAI Advisory: Unit of Measure & Cost Audit Report Submission

CA, CS, CMA : ICMAI issues advisory for members regarding Annexures in Cost Audit Reports & timely submission. Ensure compliance for statutory r...

May 10, 2024 327 Views 0 comment Print

ICAI CCM Dhiraj Khandelwal clarifies on NFRA Order

Company Law : Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insi...

April 30, 2024 10080 Views 0 comment Print

IEPFA Seeks Feedback to Enhance Claims Settlement Process

Company Law : IEPFA invites stakeholders to share insights on streamlining claims settlement process under the Companies Act, 2013. Deadline: Ap...

March 16, 2024 375 Views 0 comment Print

FRQRR Analysis: NFRA Review of PSP Projects Ltd. Financial Reporting Quality

Company Law : Dive into NFRA detailed Financial Reporting Quality Review (FRQRR) of PSP Projects Ltd. Uncover high and low impact observations, ...

February 24, 2024 576 Views 0 comment Print

FAQs on Cost Records Maintenance and Audit under Companies Act, 2013

Company Law : The Institute of Chartered Accountants of India FAQs Frequently Asked Questions on Maintenance of Cost Records and Audit thereof U...

February 17, 2024 1545 Views 0 comment Print

Latest Judiciary

NCLT cannot  unilaterally change appointed date while admitting scheme of arrangement 

Company Law : NCLAT rules NCLT's role in amalgamation schemes is supervisory, not appellate. Learn about the Marathon Nextgen Townships Pvt Ltd ...

June 9, 2024 255 Views 0 comment Print

Insolvency Dilemmas: NCLAT’s Verdict on Section 185 Compliance in CIRP Claims

Company Law : Explore the AVJ Heights vs. India Infoline case, NCLAT's stance on Section 185 compliance in CIRP claims, implications for financi...

May 30, 2024 279 Views 0 comment Print

Advance for Share Allotment Not a Financial Debt under IBC: NCLT

Corporate Law : Delve into the NCLT Kolkata case of Mittson Fille Enterprise vs. Sammaan Ventures Limited regarding share application money and fi...

May 24, 2024 261 Views 0 comment Print

Delhi HC Denies Interim Relief on NFRA Penalties in Reliance Capital Audit

Corporate Law : Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses cas...

May 17, 2024 4605 Views 0 comment Print

Kerala HC Directs on Nidhi Companies: Operations Shouldn’t Become Impossible

Company Law : Kerala High Court issues directions on Nidhi Companies' status, highlighting concerns over recent amendments, financial regulation...

May 5, 2024 369 Views 0 comment Print

Latest Notifications

Failure to Comply with Section 90 Significant Beneficial Owner provisions: MCA Imposes Penalty

Company Law : Learn about MCA's penalty on Samsung SDI India for failing to comply with Section 90 provisions of the Companies Act, 2013. Detail...

June 14, 2024 9 Views 0 comment Print

Section 90 of Companies Act not applicable in absence of Indirect Shareholding or Control

Company Law : RTS Fashion Pvt Ltd adjudged for no indirect shareholding under Section 90 of Companies Act. Registrar of Companies issues penalty...

June 14, 2024 9 Views 0 comment Print

MCA Penalizes Samsung Display Noida Private Limited for Section 90(4A) Violation

Company Law : Explore the adjudication of penalties against Samsung Display Noida for breaching Section 90 of the Companies Act, 2013. Understan...

June 13, 2024 2148 Views 0 comment Print

MCA Imposes Rs. 5 Lakh Penalty for non-filing of DIR-12

Company Law : MCA penalizes Tritium Infrastructure Pvt Ltd Rs. 5 lakh for not filing DIR-12 for director resignation. Understand the implication...

June 12, 2024 666 Views 0 comment Print

Violation of Section 134(3)(h) related party disclosures: MCA imposes Rs. 8 Lakh Penalty

Company Law : MCA imposes Rs. 8 lakh penalty on Velotio Technologies for non-disclosure of related party transactions under Section 134(3)(h). D...

June 12, 2024 375 Views 0 comment Print

Difference between Preferential Allotment and Private Placement

May 4, 2024 1992 Views 0 comment Print

Preferential Allotment and Private Placement are two distinct mechanisms through which companies can issue securities to select groups of investors. While both serve similar purposes, they have key differences as defined under the provisions of the Companies Act, 2013.

Mandatory Disclosures in Companies Board of Directors Report

May 3, 2024 1788 Views 1 comment Print

Understand mandatory disclosures in a company’s board report as per the Companies Act, 2013. Learn about key sections and transparency requirements.

Non-disclosure of Interest by Directors in First Board Meeting: MCA imposes Penalty

May 3, 2024 771 Views 0 comment Print

MCA imposes penalty under Section 454 for violation of Section 184(1) of the Companies Act, 2013, due to directors’ non-disclosure of interest in first board meeting.

Process & Provisions of Incorporation of Producer Company

May 3, 2024 351 Views 0 comment Print

A producer company combines the best features of a cooperative society and a Private Limited Company, offering collective benefits to its member producers under a robust and definitive legal framework. Only business entities registered as Private Limited Companies are eligible for Producer Company registration in India. Hence, the entire process of registering a Producer Company is like that of a Private Limited Company.

Penalty for Delay in Filing of Form MSME-1

May 3, 2024 19317 Views 0 comment Print

The submission of MSME-1 is not only a requirement of the Companies Act, but it also has implications on the Income Tax Act and affects the statutory auditor of the company. As a statutory auditor, it is necessary to include a report in the financial statement regarding the delay in payment to MSME vendors, as […]

Income Tax Implications of Converting Partnership/Proprietorship to Pvt. Ltd

May 2, 2024 3198 Views 0 comment Print

Article explains Income Tax Implication of conversion of Partnership Firm / Proprietorship Firm in to Private Limited Company

Direct Listing Of Share Of Indian Companies Overseas Through IFSC GIFT City

May 2, 2024 630 Views 0 comment Print

Explore the recent provision allowing Indian companies to directly list their shares overseas through IFSC GIFT City. Understand the implications and eligibility criteria.

Violation of section 90(1),90(2) & 90(4A) of Companies Act, 2013: MCA Imposes ₹12 Lakh Penalty

May 2, 2024 573 Views 0 comment Print

Learn about penalties imposed by the Ministry of Corporate Affairs on Green Planet Energy for violations of Companies Act, 2013. Detailed analysis included.

Regulatory Updates: April 2024 – Company, SEBI, RBI & Insolvency Law

May 2, 2024 573 Views 0 comment Print

Explore recent legal cases, penalties, and regulatory updates including secretarial standards, stamp duty, private placement, and more in corporate law.

MCA Imposes Penalty for AGM Delay, SS-2 & Section 118(1) Violation

May 1, 2024 249 Views 0 comment Print

Delay in Holding of AGM, Violation of para 2.1 of Secretarial Standard-2 (SS-2) read with Section 118(1) of Companies Act, 2013: MCA Imposes Penalty

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