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 : A practical overview of the legal procedure, timelines, and filings required for buy-back of shares, highlighting compliance essen...
Company Law : A detailed compliance roadmap covering board meetings, audits, ROC filings, and director duties. It explains mandatory corporate g...
CA, CS, CMA : This update compiles key statutory deadlines across multiple laws for May 2026. It highlights filing requirements under income tax...
Company Law : The scheme allows defaulting companies to regularize filings by paying only 10% of late fees. Key takeaway: CCFS-2026 offers a lim...
Finance : This explains how the regulatory framework strictly governs drug quality, manufacturing, and liability. Courts have clarified that...
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 : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
Company Law : The MCA introduced a streamlined process for updating registered email IDs of companies and LLPs. The update ensures seamless rece...
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 appellate authority found that the company complied with private placement provisions by safeguarding funds in a separate acco...
Company Law : The issue involved alleged violation in handling share application money under company law. The ruling held that maintaining funds...
Company Law : The issue involved alleged misuse of share application funds under company law provisions. The authority ruled that compliance was...
Company Law : The issue involved non-filing of Form DIR-12 for appointment of a director. The authority held that failure to comply with Section...
Company Law : The issue involved non-filing of Form DIR-12 to report resignation of a director. The authority held that failure to comply with S...
The new Companies Act, 2013 can be hailed as a major forward looking reform of the UPA-II. The new Act has been divided into 29 Chapters comprising of 470 sections & 7 Schedules as against the existing Companies Act, 1956 comprising of 658 Sections & 15 Schedules. On one hand the new Act takes away some of the outdated procedures not relevant today such as the requirement to obtain a commencement of business certificate
Companies Act 2013 has made the Position of Independent Director a very important & had cast upon it huge duty of governance. The Independent Director qualification & appointment has been clearly spelt out. One of the main features of the Act was the creation & maintainence of Independent Directors Repository.
At the conclusion of the Scheme, the Registrar shall take necessary action under the Companies Act, 1956/ 2013 against the companies who have not availed this Scheme and are in default in filing these documents in a timely manne
The new definition of turnover under companies act {Section2 (91)} which emphasis on cash basis required calculation of realisation of amount made from the sale of goods or rendering of service during the financial year. It means sales of goods and rendering of service on credit term basis during the year have nothing to do with turnover.
Every director 1) at the first meeting of the Board in which he participates(either in person or through video conferencing or other audio visual means, as prescribed) as a director. However, sec 189(2) requires every director within a period of thirty days of his appointment, or relinquishment of his office, as the case may be, disclose to the company his concern or interest,
Deposits and/ or unsecured loans have been proved an essential and major source of financing in the corporate sector since the time of its recognitions. This is an essential tools of the growth of the private sector as well by reasons of least cost as well as controlling,
MCA has started to display list of Companies who have not filed Form 5INV. Form 5 INV is required to be filed by the company/Corresponding New Bank which shall contain investor wise details of unclaimed and unpaid amounts in respect of dividends, debentures, deposits, etc. The details of unclaimed and unpaid amounts shall need to […]
The Depreciation on fixed asset as per Schedule-II of Companies Act, 2013 became operational from 01/04/2014 vide MCA notification no S.O.902(E) dated 26/03/2014. In new era of depreciation, useful life of the asset plays a crucial role for calculation of depreciation. The change in the method of providing depreciation from fixed percentage (Schedule-XIV of Companies […]
Books of accounts to be kept by Company ( Section 128 ) -The books of accounts showing true and fair financial statements and relevant papers shall be kept at the registered address of the company. The books shall be kept on accrual basis and according double entry system of accounting. The books of accounts and relevant papers may be kept at other place in India as BOD may decide. A seven days notice shall be given to ROC for communication of new address. The accounts can be kept in electronic mode.
The Circular, inter-alia, clarifies that the term ‘related party’ appearing in the second proviso to section 188(1) of the Companies Act, 2013 refers only to such related parties as may be related party in the context of the contract or arrangement for which the relevant special resolution is being passed.
