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...
Section 8 (Companies Act, 2013) company will become Holding Entity and other entity will become its subsidiary. Holding entity will do all the marketing, fundraising, financial, future planning for whole group. This process involves member restructuring, change in authorise signatories with banks and government authorities. Now the main issues related to restructuring of these entities […]
Penalty for non-compliance of CSR provisions under Companies Act, 2013 There is no specific penal provision for non-compliance under section 135 of the Act. However, there is risk exposure under two different provisions. A. Section 134(3)(o)& Section 134(8) (Non-disclosure or absence of the details about the CSR policy and its implementation in the Boards’ report […]
Section 182 of Companies Act, 2013- Prohibitions and restrictions regarding political contributions 182. (1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly to any political […]
MCA through its circular dated April 12, 2019, further amended Rule 16A of Companies (Acceptance of Deposits) Rules, 2014 relating to one-time return for outstanding receipts not considered as deposits.
Article Analyses Section 230– Power to Compromise or Make Arrangements with Creditors and Members and Section 231– Power of Tribunal to enforce Compromise or arrangement of the Companies Act, 2013. Section 230– Power to Compromise or Make Arrangements with Creditors and Members. Notified Date of Section: 7/12/2016- Effective Date: 15/12/2016 230. […]
COMPANY LAW SERIES CHAPTER 2 (CONTINUE…..) STEPS FOR THE INCORPORATION OF FOREIGN COMPANY As per section 2(42), ‘foreign company’ means any company or body corporate incorporated outside India which— has a place of business in India whether by itself or through an agent, physically or through electronic mode; and conducts any business activity in India […]
Please note that last date for filing ACTIVE (INC-22A) expires on 15th June 2019 and no further extension would be provided. In case ACTIVE is not filed on or before the said date, the compliance status for such companies shall be marked as ‘ACTIVE Non-compliant’ and Directors of such ‘ACTIVE non-compliant’ companies shall be marked […]
MCA has replaced Significant Beneficial Rules 2018 and come up with Companies (Significant Beneficial Ownership) Amendment Rules, 2019 on 08.02.2019 in order to curtail the misuse of various multi layered entities and protect various benami & money laundering Transactions. If the registered shareholder is not the beneficial shareholder of the company then the registered and beneficial shareholder […]
Article provides Comparative Compliance Chart as per The Companies Act, 2013 and Due Date of MCA Forms for the FY 2018-19. Comparative Compliance Chart as per The Companies Act, 2013 S. No. Compliance Description FY 2017-2018 FY 2018-2019 Penal Provision 01 Filing of Annual Return (Form MGT-7) Yes Yes Penalty of Rs. 100 Rs. Per […]
Gaurav Kumar Pandit ACC Ltd has provided link of MGT 7 in their Annual Report. Infosys Ltd and Ambuja Cements Ltd has given MGT 9 (Extract of Annual Return) in Annual Report. TCS has given MGT 9 (Extract of Annual Return) in Annual Report and also given the link of website of the same in […]
