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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


ROC Compliance for F.Y 2023-24 in year 2024-25

Corporate Law : Ensure compliance with ROC filing requirements for the financial year 2023-24 in 2024-25. Understand deadlines for various e-Forms...

May 18, 2024 96 Views 0 comment Print

Mandatory Appointment of Internal Auditor: Section 138 Companies Act 2013

Company Law : Understand the mandate of appointing internal auditors as per Section 138 of the Companies Act 2013. Explore the criteria for mand...

May 17, 2024 798 Views 0 comment Print

Compounding under section 441 of companies act, 2013

Company Law : Learn about compounding under the Companies Act, 2013, its concept, procedure, and benefits, helping companies resolve unintention...

May 17, 2024 285 Views 0 comment Print

Shareholders Agreement: A key to protection of rights of shareholders

Company Law : Learn how shareholders agreements safeguard rights and outline responsibilities. Discover their role in corporate governance and l...

May 17, 2024 768 Views 3 comments Print

Regulatory Framework for Foreign Companies under Companies Act 2013

Company Law : Article explains provisions of Chapter XXII of Companies Act, 2013, governing establishment & commencement of operations by forei...

May 16, 2024 1134 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 258 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 9831 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 315 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 495 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 1227 Views 0 comment Print


Latest Judiciary


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 2799 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 237 Views 0 comment Print

SC verdict on jurisdiction of Special Courts under IBC, 2016

Corporate Law : Insolvency And Bankruptcy Board of India Vs Satyanarayan Bankatlal Malu & Ors (Supreme Court of India) The recent Supreme Cour...

April 21, 2024 282 Views 0 comment Print

Section 80IA deduction not available to persons executing works contract: ITAT Mumbai

Income Tax : Learn why AJR Infra's deduction claim under section 80IA of the Income Tax Act was rejected by ITAT Mumbai, citing its role as a w...

April 12, 2024 390 Views 0 comment Print

Google India App Store Fee Policy: CCI denies Interim Relief to Informants

Corporate Law : Read about the interim relief denial by Competition Commission of India in the case of People Interactive India Private Limited vs...

March 21, 2024 87 Views 0 comment Print


Latest Notifications


NFRA Penalizes RCFL Auditors with ₹2.5 Crore Fine for Audit Misconduct

Company Law : The NFRA fines Shridhar & Associates and CA Ajay Vastani for professional misconduct in auditing RCFL's financials for FY 2018-19....

May 17, 2024 5970 Views 0 comment Print

Non-filing of e-Form CHG-4 for satisfaction of Charges: MCA imposes ₹19.50 Lakh Penalty

Company Law : MCA imposes hefty penalties on Pratapraisons Textiles Pvt Ltd & directors for failing to file e-Form CHG-4 for charge satisfaction...

May 13, 2024 3042 Views 0 comment Print

Failure to Dematerialize Shares: MCA Levies Penalty

Company Law : Learn about the penalty imposed on Shree Auro Iron Limited and its Managing Director for violating dematerialization rules under t...

May 12, 2024 1413 Views 0 comment Print

Non-filing of e-Form DIR-12 for Additional Director regularisation: MCA Imposes ₹6 Lakh Penalty

Company Law : MCA imposes Rs. 6 Lakh penalty on M/s Peoples International & Services Pvt Ltd and its directors for failure to file e-Form DIR-12...

May 11, 2024 2211 Views 0 comment Print

Non-passing of Resolution before before raising loan: MCA imposes ₹4 Lakh Penalty

Company Law : Read about the penalty imposed by MCA under Companies Act, 2013 for not passing a resolution before raising a loan. Detailed analy...

May 11, 2024 9189 Views 0 comment Print


Conversion of A Partnership Firm Into A Private Limited Company – Prerequisites & Steps

December 13, 2022 70995 Views 1 comment Print

Discover the process and requirements for converting a partnership firm into a private limited company under the Companies Act, 2013. Learn about key steps, prerequisites, and the legal transition.

Appointment of Alternate Director – Prerequisites and Procedure

December 13, 2022 16263 Views 0 comment Print

Understand the process and prerequisites for the appointment of an alternate director as per Section 161(2) of the Companies Act. Learn about AOA requirements, consent forms, and filing procedures. Legal compliance made simple.

Appointment of Additional Director – Prerequisites and Procedure

December 12, 2022 16014 Views 0 comment Print

Learn the prerequisites and step-by-step procedure for the appointment of an Additional Director in a company. Explore the legal requirements, documentation, and filing processes for a seamless appointment under the Companies Act.

Procedure to Incorporate One Person Company

December 12, 2022 6492 Views 0 comment Print

Unlock the step-by-step procedure to incorporate a One Person Company (OPC) under the Companies Act of 2013. Learn about the advantages, disadvantages, and the seamless registration process for forming a solo-owned business entity.

Incorporating Internal Financial Controls Over Financial Reporting Empirically- Series 7–Budget & MIS

December 12, 2022 2169 Views 0 comment Print

Explore the intricacies of Internal Financial Controls Over Financial Reporting (IFC) through an empirical lens, focusing on Series 7—Budget & MIS. Understand statutory sections u/s 134, 143, 177 of the Companies Act, 2013, delving into the essence of HR worker & staff processes. Unlock insights into planning, budgeting, and MIS, emphasizing their importance and effective implementation.

Company not filed Balance Sheet- Benefit of small company cannot be given in Penalty proceedings

December 12, 2022 678 Views 0 comment Print

Whereas, the company is in default for filing its Financial Statements since its incorporation with the office of Registrar of Companies, Patna. Hence, this office has issued show cause notice for default under section 137 of the Companies Act, 2013 vide No ROC/ PAT/ SCN/ 137/ 22447/ 1166-1169 dated 23.08.2022. As per MCA portal, paid […]

Loans, Investment, Guarantee or Security by Company: FAQs

December 12, 2022 6003 Views 1 comment Print

Explore FAQs on company loans, investments, guarantees, and security under Sections 185 and 186 of the Companies Act, 2013. Understand practical insights, exemptions, and compliance for seamless financial operations. Consult for expert guidance. Disclaimer: Information shared is educational, consult professionals for specific scenarios.

Documents Required for Registration of Private Limited Company

December 11, 2022 15297 Views 0 comment Print

Discover the essential documents needed for Private Limited Company Registration. Ensure accuracy in PAN, ID proofs, and utility bills. Quick and efficient process with expert guidance.

Know How to Claim Unclaimed Dividend from Company

December 10, 2022 15918 Views 0 comment Print

A dividend is a portion of a company’s profits that are given to each shareholder. The Board of Directors determines and declares the quantity and quality of dividends. A dividend can be final or interim; the former is announced at the conclusion of the fiscal year, while the latter is announced on a quarterly or semi-annual basis.

MCA imposes penalty on Company & Directors for not filing Financial Statements

December 8, 2022 3792 Views 0 comment Print

As per MCA Registry company has not filed its Financial Statements for the financial year 2019-20 and 2020-2021. This office has issued Show Cause Notice for violation of section 137(1) of the Companies Act, 2013 read with Companies (Adjudication of Penalties) Rules, 2014

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