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.
Fema / RBI : RBI has created a new category called Unregistered Type 1 NBFC for companies operating only with internal or group funds and witho...
Company Law : Registrar of Companies clarified that Section 155 absolutely prohibits holding more than one DIN. Penalties were imposed even thou...
Company Law : This guide explains the complete process for quick Private Limited Company registration in India, including required documents, DS...
Company Law : A Discussion Perspective A company is owned by its shareholders and managed by its Board of Directors. However, the framework of c...
Company Law : A practical overview of the legal procedure, timelines, and filings required for buy-back of shares, highlighting compliance essen...
Company Law : Provisional list of audit firms of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2025; fines apply fo...
Company Law : ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation sta...
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
Company Law : ICSI highlights delays in marking defective forms by RoCs under CCFS 2026. It urges MCA to mandate time-bound processing or allow ...
Company Law : The issue is ambiguity in filing authority during liquidation. ICSI has requested clarity to enable liquidators to maintain statut...
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 : ROC Chennai penalised a company and its director for failing to disclose PAN and e-mail IDs of allottees in Form PAS-3. The order ...
Company Law : ROC Chennai penalised a Nidhi company and its directors for incomplete allottee disclosures in Form PAS-3. The order clarifies tha...
Company Law : ROC Chennai penalised a Nidhi company and its directors for filing incomplete allottee details in Form PAS-3. The ruling clarifies...
Company Law : ROC Chennai penalised a company and its director for filing Form MGT-7 more than 500 days late under Section 92 of the Companies A...
Company Law : ROC Chennai penalised a company and its director for delayed filing of Form MGT-14 relating to approval of financial statements an...
The new concept of having Independent Director is a welcome step for corporate governance in India. The Act, 2013 has conferred greater empowerment upon Independent Director’s to ensure that the management & affairs of a company is being run fairly and smoothly.
1. The reference of financials is as per last audited financial statements. 2. Proposal needs previous approval of Audit Committee. 3. Thereafter proposal needs previous approval of Board Meeting in terms of approval of Audit Committee.
Section 42 of the Companies Act,2013 and Rule 14 of Companies (Prospectus and Allotment of Securities) rules ,2014 deals with Private Placement. Private placement means any offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) through issue of a private placement offer letter and which satisfies the conditions specified in this section.
Applicability of Section 188: Section 188 Related to related Party Transaction applies to Both Public Limited and Private Limited Companies. Related Party with reference to a Company, means – a director or his relative; a Key Managerial Personnel or his relative; a firm, in which a director , manager or his relative is a partner;
कम्पनीज एक्ट 2013 की धारा 185(1) के प्रावधानों के अनुसार कंपनी को अपने डायरेक्टर या किसी ऐसे PERSON को जिसमे डायरेक्टर का हित है को लोन, गारंटी या सिक्यूरिटी देने से मना किया गया है यह धारा काफी DEBATABLE है क्योकि इस धारा के ORIGINAL सेंटेंस को पढने से ऐसा लगता है की कंपनी किसी ऐसे कंपनी को भी लोन दे सकती है जिसमे डायरेक्टर इंटरेस्टेड है यदि धारा 186 के प्रावधानों का पालन कर लिया जाता है तो. क्योकि धारा 185 की शुरुवात इस प्रकार है
What is a Related Party Transaction? Under Section 188 of Companies Act, 2013 Entering into any contract or arrangement with a related party with respect to:- a) Sale, purchase or supply of any goods or materials; b) Selling or otherwise disposing of, or buying, property of any kind; c) Leasing of property of any kind; d) Availing or rendering of any services;
Detailed Procedure Procedure of Incorporation of a One Person Company (OPC) Under Companies Act,2013. Step 1: Acquire DSC. Step 2: Acquire Director Identification Number Step 3: Register DSC on mca website.
Section 134 of the Companies Act,2013 and Rule 8 & 9 of the Companies (Accounts) Rules,2014 deals with the Financial Statement and Board Report. Signing of the Financial Statement: The financial statement, including consolidated financial statement, if any, shall be approved by the Board of Directors and shall be signed by
Extract of Section 68 of the Companies Act 2013- Section 68 -Power of company to purchase its own securities (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2), a company may purchase its own shares or other specified securities (hereinafter referred to as buy-back) out of— (a) its free […]
Author has compiled Specimen of Directors’ Report, Corporate Social Responsibility Report and Form No. AOC-2 as per Companies Act, 2013 for ready reference of our readers, which can be used for Compilation of Annual Reports.
