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...
Company Secretary has also been brought within the ambit of Key Managerial Personnel giving them the long deserved recognition of a Key Managerial Personnel of the Company. Another noteworthy feature of this concept is that it combines the important management roles as a team or a cluster rather than as independent individuals performing their duties in isolation to others.
Section 74- Repayment of deposits, etc., accepted before commencement of this Act. (1) Where in respect of any deposit accepted by a company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due at any time thereafter, the […]
Section 245 – Class action (1) Such number of member or members, depositor or depositors or any class of them, as the case may be, as are indicated in sub-section (2) may, if they are of the opinion that the management or conduct of the affairs of the company are being conducted in a manner […]
Section 100 – Calling of extraordinary general meeting (1) The Board may, whenever it deems fit, call an extraordinary general meeting of the company. (2) The Board shall, at the requisition made by,— (a) in the case of a company having a share capital, such number of members who hold, on the date of the […]
Section 96. Annual general meeting (1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the […]
The Companies Act, 2013 has prescribed a new set of meeting known as exclusive meeting by Independent Directors to assign more responsibility and powers to Independent Directors. However, not much clarity has been provided by the law on the detailed procedural aspect of the said meeting. Here we are examining the detailed procedure and related aspects on the same.
Section 441- Compounding of certain offences (1) Notwithstanding anything contained in the Code of Criminal Procedure, 1973, any offence punishable under this Act (whether committed by a company or any officer thereof) with fine only, may, either before or after the institution of any prosecution, be compounded by—
The issue has been examined and it is hereby clarified that loans and/or advances made by the companies to their employees, other than the managing or whole time directors (which is governed by section 185) are not governed by the requirements of section 186 of the Companies Act, 2013. This clarification will, however, be applicable if such loans/advances to employees are in accordance with the conditions of service applicable to employees and are also in accordance with the remuneration policy, in cases where such policy is required to be formulated.
Section 269 of Companies Act, 2013- Rehabilitation and Insolvency Fund (1) There shall be formed a Fund to be called the Rehabilitation and Insolvency Fund for the purposes of rehabilitation, revival and liquidation of the sick companies. (2) There shall be credited to the Fund— (a) the grants made by the Central Government for the […]
Section 8- Formation of companies with charitable objects, etc (1) Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company— (a) has in its objects the promotion of commerce, art, science, sports, education, research, social […]
