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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


Loans & Investments Compliance under Section 186 of Companies Act, 2013

Company Law : Understand Section 186 of the Companies Act, 2013, covering company loans, investments, and compliance requirements, including boa...

August 16, 2024 147 Views 0 comment Print

Company Director Compliance Duties Under Companies Act, 2013

Company Law : Key compliance duties for company directors under the Companies Act, 2013, including disclosures, declarations, KYC, and meeting a...

August 16, 2024 732 Views 0 comment Print

Conversion of Limited Liability Partnership into Private/Public Company

Company Law : Learn the process and benefits of converting a Limited Liability Partnership (LLP) into a Private/Public Company under the Compani...

August 16, 2024 309 Views 0 comment Print

Rights Issue of Shares under Companies Act 2013: Procedures & Key Points

Company Law : Learn about the rights issue of shares under Companies Act 2013. Explore the process, key points, and steps for issuing shares to ...

August 15, 2024 429 Views 0 comment Print

Analysis of Notifications and Circulars for Week ending 11th August 2024

CA, CS, CMA : Highlights from August 5-11, 2024: Income Tax exemptions, GST updates, SEBI guidelines, and RBI monetary policy changes....

August 13, 2024 387 Views 0 comment Print


Latest News


Foreign Company Closures and Job Losses in India

Company Law : Overview of foreign company closures, active subsidiaries, job losses in the auto industry, and investment data from 2014 to 2024....

August 6, 2024 201 Views 0 comment Print

Implementation and Status of MCA21 e-Governance Programme

Company Law : Explore the latest status of the MCA21 e-Governance program, Certified Filing Centres in Haryana, impact on corporate filings, and...

August 6, 2024 270 Views 0 comment Print

Measures to enhance corporate governance & CSR practices

Company Law : Govt. of India's recent measures to enhance corporate governance, prevent fraud, and ensure effective CSR practices. Insights on r...

August 6, 2024 177 Views 0 comment Print

Simplified Company Exit: C-PACE Cuts Processing Time

Company Law : Discover how C-PACE accelerates the company exit process from 2 years to under 90 days, streamlining operations and reducing backl...

August 6, 2024 294 Views 0 comment Print

Goa Companies Struck Off Register: Stats and Revival Details

Company Law : Discover the latest data on Goa-based companies struck off and revived, plus insights on related amnesty programs from the Ministr...

August 6, 2024 120 Views 0 comment Print


Latest Judiciary


CA Barred for Five Years by NCLT for Failing Duties as Statutory Auditor

CA, CS, CMA : Read the full NCLT judgment/order on Union of India Vs CA. Ramaiah Nataraja. Bengaluru CA barred from statutory auditor role for c...

July 16, 2024 3273 Views 0 comment Print

U.S. Bankruptcy Court Moratorium Order Not Automatically Enforceable in India

Company Law : Explore the Calcutta High Court's decision in Uphealth Holdings, INC. Vs Dr. Syed Sabahat Azim & Ors. regarding the applicability ...

July 14, 2024 573 Views 0 comment Print

What If You Have Lost Your Debenture Certificate?

Company Law : Explore the implications of issuing duplicate debenture certificates under the Companies Act, 2013. Learn about legal remedies, as...

July 4, 2024 402 Views 0 comment Print

NCLT Approves Demerger Scheme: Raymond Limited & Raymond Lifestyle

Company Law : Read the NCLT judgment approving the demerger scheme between Raymond Limited and Raymond Lifestyle Limited. Detailed analysis and ...

July 3, 2024 1239 Views 0 comment Print

Share Allotment at Concessional Price is Oppressive to Existing Members: NCLT

Company Law : Full text of the NCLT Mumbai judgment in Ajay Tajpuriya vs Goel Ganga Infrastructure case. Detailed analysis of the order concerni...

June 15, 2024 507 Views 0 comment Print


Latest Notifications


Delay in filing of e-Form MGT-6: MCA imposes Penalty of ₹13 Lakh

Company Law : RGPL Commodities Pvt Ltd faces penalties under Section 89(6) of the Companies Act, 2013 for delayed filing of e-Form MGT-6. Total ...

August 16, 2024 18 Views 0 comment Print

520 days delay in filing BEN-2 form: MCA imposes Penalty

Company Law : GM Elektra Pvt Ltd fined ₹1,88,500 by ROC Mumbai for delayed filing of BEN-2 under Section 90 of the Companies Act, 2013. Direct...

August 16, 2024 15 Views 0 comment Print

Company Caried on business not mentioned in MOA: MCA imposes Penalty

Company Law : Registrar of Companies penalizes Paramount Dye Tec Limited for not disclosing trading activity in its MOA, violating Section 4(1)(...

August 16, 2024 12 Views 0 comment Print

Non-passing of Special Resolution before raising loan: MCA Imposes Penalty

Company Law : Penalty imposed on Singodwala Warehousing for non-compliance with Section 62(3) of Companies Act. Fine details and appeal process ...

August 16, 2024 15 Views 0 comment Print

Significant Beneficial Owner Rules Violation: MCA imposes Penalty

Company Law : MBL Infrastructure Ltd. faces scrutiny under Section 90 of the Companies Act for non-compliance. Details on adjudicating officer's...

August 16, 2024 21 Views 0 comment Print


Guide to Appointment of Auditor in Casual Vacancy under Companies Act 2013

June 28, 2023 39522 Views 0 comment Print

A comprehensive guide to role of auditors and audit process under Companies Act 2013. Understand appointment, reappointment, and steps to fill a casual vacancy in auditor’s role.

How to Reclassify the Authorised Share Capital of a Company

June 28, 2023 12669 Views 0 comment Print

The need to reclassify the authorised share capital of a company in one or more classes may arise for various reasons. For example, if the company was incorporated with only one type or class of share capital, i.e., equity shares, it would be required to create a class of preference shares if it wishes to issue preference shares.

Non-Compliance Penalty: Rs. 25 Lakh for Non-Appointment of Company Secretary

June 28, 2023 5277 Views 0 comment Print

Learn about the Rs. 25 Lakh penalty imposed by the Government of India on a private company for non-appointment of a Company Secretary in accordance with the Companies Act, 2013.

Audit Lapses: NFRA imposes Rs. 60 Lakh Penalty on CA & Audit Firm

June 28, 2023 17949 Views 0 comment Print

Comprehensive analysis of audit lapses leading to significant NFRA-imposed penalty on CA Devang Dalal and M H Dalal & Associates, setting a precedent in corporate financial accountability.

INC-20A Filed with 220 Days Delay but No Penalty Imposed

June 28, 2023 1611 Views 0 comment Print

Unraveling the details of MCA Order No. 1589, where Squareroot Data Centers Private Limited escapes penalty despite a 220-day delay in filing INC-20A.

Nomination & Remuneration Committee not constituted – MCA imposes Penalty

June 27, 2023 7491 Views 0 comment Print

MCA imposed a penalty on PTC India Financial Services Limited for violation of Section 178 of Companies Act, 2013. Company failed to constitute Nomination & Remuneration Committee (NRC), resulting in penalties.

Penalty imposed for denying requests of IDs for obtaining legal advice

June 27, 2023 405 Views 0 comment Print

Read about the penalty imposed on PTC India Financial Services Limited for violating Section 149 of the Companies Act, 2013 by denying requests from independent directors (IDs) for legal advice. Understand the findings of the case, the obligations of the company and its officers, and the penalty amount imposed. Discover the steps for compliance and the option for appeal.

Unsigned balance sheet of Company filed: MCA imposes penalty

June 26, 2023 14571 Views 0 comment Print

Dive into the case of Regent Professional Academy’s violation of Companies Act provisions. Learn about penalties imposed by MCA, analysis, and implications.

NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

June 26, 2023 10398 Views 0 comment Print

NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.

MCA Imposes Penalty for Failure to Show Correct Details in Balance Sheet

June 26, 2023 3918 Views 1 comment Print

MCA has imposed a penalty on M/s Iyyanar Benefit Fund Nidhi Limited for violating Section 92(3) of Companies Act, 2013. Company failed to accurately disclose details of deposits and borrowings in their balance sheet, resulting in penalties being imposed.

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