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 : Learn which companies must file MGT-7 or MGT-7A, when MGT-8 certification is mandatory, and how the Companies (Management and Admi...
CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
Company Law : Learn how the Companies Act, 2013 regulates managerial remuneration through profit-linked limits, approval requirements, and gover...
Company Law : The article explains that SBI and PNB are statutory bodies created under separate Acts and are therefore not governed by the Compa...
Company Law : The article examines the Hamlin Trust ruling, where the NCLAT held that CFO appointments must satisfy Section 203 eligibility requ...
Company Law : ICSI has urged the MCA to ensure eligible companies comply with Section 203 by appointing Whole-time Company Secretaries. The repr...
Corporate Law : NSO has launched the Annual Survey of Incorporated Services Sector Enterprises (ASISSE) to collect comprehensive economic and oper...
Company Law : ICSI has requested the MCA to grant compliance relaxations following technical disruptions caused by the Data Centre fire. The pro...
Company Law : The MCA has widened CSR eligibility by recognizing subscriptions to Zero Coupon Zero Principal Instruments as a valid CSR activity...
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 : Madhya Pradesh HC dismissed a winding up petition, holding that a bona fide dispute over liability required adjudication before th...
Company Law : The NCLAT held that CFO nominees must satisfy the eligibility requirements under Section 203 of the Companies Act. It set aside th...
Company Law : Where a composite scheme of arrangement satisfies the procedural requirements of sections 230 to 232 of the Companies Act, 2013 an...
Company Law : NCLT Mumbai compounded the offence for failure to hold the AGM within the time prescribed under Section 96 of the Companies Act, 2...
Company Law : The NCLT Ahmedabad refused to condone a 4,215-day delay in filing an appeal for restoration of a struck-off company. The Tribunal ...
Company Law : MCA extends the Companies Compliance Facilitation Scheme, 2026 up to 31 August 2026 due to data center restoration following the...
Company Law : MCA has allowed companies to file Form DPT-3 for FY 2025-26 without additional fees until 31 July 2026 due to disruptions caused b...
Company Law : MCA notifies the New Development Bank under Section 2(11)(ii) of the Companies Act, 2013, specifying it as a body corporate for th...
Company Law : ROC Mumbai penalized a director after Form AOC-4 contained an incorrect AGM due date. The order emphasizes that directors are resp...
Company Law : ROC Mumbai imposed a penalty after finding that an individual held two Director Identification Numbers in violation of Section 155...
Companies Act, 2013 under section 164 provides for various strategies when a person would be disqualified for appointment as a director. Section 164(1) sets out eight personal grounds for the qualifications of an individual director like being of unsound mind, insolvency, non-payment of call money, etc. On the other hand, Section 164(2) is wider in […]
Summary of Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 ♣ On 22.01.2021, the Ministry of Corporate Affairs notified the Companies (Corporate Social Responsibility policy) Amendment Rules, 2021 ♣ These amendments have introduced some significant changes to provide framework for implementation of new provisions of the Companies (Amendment) Act 2019 and Companies (Amendment) Act 2020. […]
Future is with One Person Company (OPC): Impact of Union Budget 2021-22 on One Person Company (OPC) Hon’ble Finance Minister proposed several tax and regulatory changes by the Union Budget with a focus on infrastructure development. This budget comes immediate following the covid-19 pandemic, so aim of the budget seems to shoring up the economy. […]
Article contains updated with respect to Notifications, Circulars, Rules, Regulations issued in the Month of January 2021 by Ministry of Corporate Affairs (MCA), Securities Exchange Board of India, Updates of the Reserve Bank of India (RBI), Insolvency and Bankruptcy Board of India (IBBI) and also includes Recent Corporate News. Article attempts to analyses Notifications, Circulars, […]
Introduction Traditionally, minimum 2 members were required to register a Company in India and due to this many small businesses in India were functioning as sole proprietor only. There are various disadvantages of running a sole proprietor business major being unlimited liability. In India, introduction of OPC was given in the Dr J.J Irani Committee […]
Critique of Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 On 22nd January, 2021 MCA notified Companies (Companies Social Responsibility Policy) Amendment Rules, 2021. Tabular presentation of Amended CSR Rules Rule No. Old Rule New Rule Impact Rule 4 CSR activity CSR implementation Substituted Rule 5 Sub rule 2 CSR committee CSR Committee Only Sub […]
MCA has introduced Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021. And importantly CSR Spending made mandatory from voluntary w.e.f. financial year 2020-21. Date of Effectiveness of Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021: [1] Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 came into effect on 22 January 2021, as the same has been […]
One Person Company (“OPC”) can be formed as defined under Section 2 (62) of the Companies Act, 2013 with one person as Director and Member. The condition is that with the single member a nominee must be appointed. Now with the announcements in the Budget 2021, more leeway and advantages are provided to OPC and […]
The Hon’ble Finance Minister Mrs. Nirmala Sitharaman presented the Union Budget 2021 on 1st February. The Budget leads the way for various amendments in Companies Act, 2013 which are as follows: 1) Definition of Small Company The definition of Small Company under Clause (85) of Section 2 of Companies Act, 2013 has been changed vide […]
There are complex and tedious compliance requirements for public limited company in India. In contrast, private limited company has fewer compliances compared to public limited company. In addition, there are various exemptions available under the Companies Act 2013 for a private limited company. Recently, in the budget of 2021-22, the limits of the small company […]
