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 : The MCA V3 portal shifts Annual Return (MGT-7/7A) filing to a web-based system, replacing the old PDF form. It introduces mandator...
Company Law : Learn to file MCA AOC-4 on the V3 portal. The process requires direct online data entry for Balance Sheet and P&L figures, followe...
Company Law : ROC Ahmedabad penalized a company and its directors under Section 117(2) of the Companies Act 2013 for a 215-day delay in filing t...
CA, CS, CMA : Key legal compliance and regulatory updates for Nov 2025 under IT, GST, FEMA, SEBI, and Companies Acts. Includes extended annual t...
Company Law : MCA has confirmed that extension of annual filing timelines till 31st December 2025 does not extend statutory deadline for holding...
Company Law : ICSI reports numerous technical issues—including OTP failures, data errors, and DSC problems—on the MCA-21 V3 portal and reque...
Company Law : MCA clarifies how to fix PAN validation errors in Form ADT-1. Select Individual for auditors operating as sole proprietorships to ...
Company Law : NFRA's Series 4 focuses on auditor-Audit Committee communication regarding Ind AS 36 (Impairment) and SA 540 (Accounting Estimates...
Income Tax : The Pune Chartered Accountants' Society has requested an extension for tax audit and ITR filing deadlines for FY 2024-25, citing t...
Company Law : Learn about the NFRA-2 Annual Return, a mandatory filing for specified auditors. Discover who must file, the reporting period, and...
Company Law : An Official Liquidator Report filed in the Gujarat High Court was disposed of, approving a final settlement payment of Rs 90 lakh ...
Corporate Law : The Competition Commission of India (CCI) closed a complaint against Karate India Organisation (KIO), ruling that allegations of i...
Company Law : NCLAT Delhi held that remote access to ERP to directors being engaged in competing business cannot be denied unless there is tangi...
Company Law : NCLT Mumbai held that resolution plan submitted by M/s. Priyam Projects (I) Pvt. Ltd. [Successful Resolution Applicant] for M/s. S...
Goods and Services Tax : Andhra Pradesh High Court held that since services by way of renting of residential dwelling for use as residents is exempted from...
Company Law : MCA amends Companies Rules, 2014, substituting Rule 11(2) to define business of financing industrial enterprises for NBFCs and IFS...
Company Law : ROC Mumbai penalized Pentium Hi-Tech Pvt. Ltd. and its directors for failing to maintain a registered office, violating Section 12...
Company Law : ROC Mumbai imposed a ₹3,000 penalty on Nicco Securities and Directors for violating Section 12(3)(c) by failing to include the C...
Company Law : ROC Chennai imposed maximum penalties on South Asian Financial Exchange Ltd. and its director for failing to file the 2014-15 annu...
Company Law : ROC Chennai issued an adjudication order against BON FRESH FOODS for violating rules related to preferential share allotment docum...
This article is intended for those companies or startups that have registered their companies outside India and want to operate in India as part of a foreign company. A company can be registered as private limited or public limited. A private limited company is a closely held company and enjoys the privileges given by the Companies Act, 2013.
As Per Section 2 (42) Foreign company is a company or body corporate incorporated outside India which (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) conduct any business activity in India in any other manner Simple definition give understanding that even […]
Shares are movable property. Its ownership can change hands. If ownership of shares goes from one person by voluntary act of parties, it is termed as Transfer of Shares. If the ownership of shares goes to another by operation of law. It is called transmission of shares. Transmission is involuntary transfer of ownership of shares […]
The Company jurisprudence in India enshrines statutory auditors who audit the accounts of a company as representatives of the shareholders who appoint them at every Annual General meeting {AGM} to look after the interest of the shareholders.
Company and every officer of the company who is in default or such other person shall be punishable with fine which may extend to ten thousand rupees and where the contravention is continuing one with a further fine which may extend to one thousand rupees for every day after the first during which the contravention continues.
Ever since the draft notifications were placed before the Parliament, companies have been eagerly waiting for the approval and promulgation of the same. Finally the exemption notifications saw the light of day with MCA releasing 4 exemption notifications in bulk on June 05, 2015. Among the four notifications, one notification pertains to Government Companies (‘Govt. […]
Manshi Baid The definition of Related Party is given in Clause (76) of section 2 of Companies Act 2013 . This section provides that a related party for a company are :- 1. A director or his relative 2. A key managerial personnel or his relative 3. A firm in which director , manager or […]
Prudence has at last endowed on the Parliament, to have finally cleared the exemption notifications, long lying on its desk awaiting its dissemination. After a long wait and completion of one complete financial year, Indian private companies have now been bestowed with exemptions on June 5, 2015 from such provision of law, which should have not been applicable to it in the very first place.
Government issues final notifications under section 462 of the Companies Act, 2013 (Act) that provide Exemptions under various provisions of the Act to (i) Private Companies (ii) Government Companies (iii) Section 8 Companies and (iv) Nidhis The Ministry of Corporate Affairs, Government of India issued the final notifications under Section 462 of the Companies Act, […]
As per Section 128 of the Companies Act, 2013, Every company shall prepare and keep at its registered office books of account and other relevant books and papers and financial statement for every financial year which give a true and fair view of the state of the affairs of the company, including that of its branch office or offices
