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 : Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a ...
Corporate Law : The article explains how digital adjudication systems, virtual hearings, and online compliance platforms are reshaping India’s c...
Company Law : This guide explains the legal process for striking off companies under Section 248 of the Companies Act, 2013. It covers eligibili...
Company Law : The Corporate Laws (Amendment) Bill, 2026 proposes sweeping reforms to improve corporate governance, digital compliance, and globa...
CA, CS, CMA : The article explains how buy-back taxation shifted from company-level tax to shareholder taxation under the Finance Act, 2024 and ...
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 : The Madras High Court permitted Nidhi companies to submit fresh replies against NDH-4 rejection orders and directed authorities to...
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 : ROC Chandigarh penalised a company and its directors after finding that financial statements and Board Reports were not approved t...
Company Law : ROC Chandigarh penalised a company and its directors for not filing financial statements from FY 2017-18 to 2022-23 within the sta...
Company Law : ROC Chandigarh penalized a company and its directors under Section 92(5) of the Companies Act for non-filing of annual returns fro...
Company Law : ROC Kolkata imposed penalty on an auditor after finding that depreciation on building assets was not charged in the financial stat...
Company Law : ROC Kolkata imposed penalty on an auditor after finding that material investment disclosures required under Schedule III of the Co...
Companies (Incorporation) Sixth Amendment Rules, 2019– MCA notifies new Form No. INC-32 (SPICe form) Application for grant of License to an existing company under section 8 vide notification No. G.S.R. 411(E) dated 7th June, 2019. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 7th June, 2019 G.S.R. 411(E).—In exercise of the powers conferred by sub-sections […]
The Steps for incorporating a Section 8 company are as under: (1) The promoter of the proposed entity will apply to the Ministry of Corporate Affairs for reservation of name in Form (2) Once name is reserved, an application will be made for obtaining licence in Form No. INC 12. The application shall be accompanied […]
Draft Statutory Audit Report Format for F.Y. 2018-19 for Public Limited Companies. Note : The items shown with Red Font are possible alternative reporting based on client circumstances. Kindly apply your judgement and professional skepticism in using the appropriate reporting. INDEPENDENT AUDITORS’ REPORT To The Members of ________________ Limited Report on the audit of the […]
Article explains about DIR-3 KYC required to be filed every year, Active form filing due date extended till 15 June, 2019, Filing of form DPT-3 – One time and Annually, SEBI Exit Order In Respect Of Magadh Stock Exchange Limited (Derecognised), Permitting Foreign Portfolio Investors (FPI) to invest in Municipal Bonds and LLP Compliance- Filing […]
Draft Statutory Audit Report Format for F.Y. 2018-19 for Private Limited Companies. Note : The items shown with Red Font are possible alternative reporting based on client circumstances. Kindly apply your judgement and professional skepticism in using the appropriate reporting. INDEPENDENT AUDITORS’ REPORT To The Members of ________________ Private Limited Report on the audit of […]
Work required to do before calling of Meeting: Identify the person to whom you will issue Debentures. Prepare the list of such persons to whom offer to subscribe debenture will give. Prepare Draft offer letter under PAS-4. Identify the debenture trustee (in case of the offer for subscription is for more than 500 persons). If […]
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 strengthens provisions relating to delayed payments to MSME’s by specifying a maximum credit period and higher penal interest if delayed beyond that period. If there is a delay in payment, companies will have to mention the reason for such delay in the statement of accounts. In this regards, Let us understand the current provisions relating to delayed payments to the MSME suppliers.
The Companies Act, 2013 (the Act) and the rules made there under lays down that every Company incorporated under the Act has to maintain Statutory Registers (the Registers) and Records. The Registers need to maintained and updated eventually and should be kept at the Registered Office of the Company. Some of the Registers are required […]
Hari Sankaran Vs Union of India & amp (Supreme Court of India) Civil Appeal No. 3747 of 2019 titled Hari Sankaran vs. Union of India & Others filed by Ex-Director of Infrastructure Leasing & Financial Services Limited before the Apex Court has been dismissed by the Hon’ble Court. The Civil Appeal No.3747/2019 was filed by […]
That during investigation it was revealed that IL&FS Financial Services Ltd. (hereinafter as ‘IFIN’) is one of the subsidiary companies of the IL&FS Group, whose investigation has also been ordered by MCA as stated above.
