Company Law : The scheme provides a last opportunity for defaulting companies to file pending returns and financial statements with reduced pena...
Company Law : This guide explains the mandatory conditions, documentation, and procedural steps for converting a partnership into a company. It ...
Company Law : The case examined whether extending redemption timelines amounts to reissuance. The Tribunal held that extensions within statutory...
Company Law : MCA has confirmed that extension of annual filing timelines till 31st December 2025 does not extend statutory deadline for holding...
Company Law : A guide to issuing bonus shares for private companies under the Companies Act, 2013, covering legal frameworks, procedural steps, ...
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
Company Law : NFRA found major deficiencies in audit documentation and archival practices. The report highlights the need for stronger controls ...
Company Law : The inspection report highlights deficiencies in audit documentation, independence monitoring and compliance with auditing standar...
Company Law : The regulator found that the audit firm lacked an effective monitoring mechanism to ensure firmwide independence policies were pro...
Company Law : NFRAs inspection found gaps in audit documentation, revenue testing, and risk assessment practices, stressing the need for stronge...
Company Law : Penalty imposed on Sh. Laxit Awla under Section 165 of Companies Act, 2013, for exceeding directorship limits. Details on violatio...
Corporate Law : That the period of lockdown ordered by the Central Government and the State Governments including the period as may be extended ei...
Company Law : ROC Mumbai imposed penalty for possessing duplicate Director Identification Numbers in violation of Section 155. The ruling highli...
Company Law : ROC Delhi held that failure to regularize an Additional Director at the next AGM violated Section 161(1) of the Companies Act. Sin...
Company Law : The ROC found that the company failed to timely record cessation of an Additional Director whose office had automatically vacated ...
Company Law : ROC Mumbai held that even clerical mistakes in DIR-12 can attract penalty under Section 450 when incorrect information is certifie...
Company Law : The ROC imposed penalties after a company extended its rights issue offer period following requests from promoter shareholders. Th...
n the Private Limited Company and Unlisted Public Limited Company ( Buy-back of Securities) Rules, 1999, in Schedule-II, after clause (xx), the following clause shall be inserted, namely
The undersigned is directed to refer to General Circular No: 13/2003 dated 25.3.2003; General Circular No: 15/2003 dated 9.4.2003 and General Circular No: 16/2003 dated 17.4.2003 regarding Simplified Exit Scheme. Annexure D and Annexure E to General Circular No: 13/2003, which could not be circulated earlier, are enclosed.
The undersigned is directed to refer to General Circular No: 13/2003 dated 25.3.2003 and General Circular No: 15/2003 dated 9.4.2003 regarding Simplified Exit Scheme. Though the scheme has been well received by professionals and corporate sector, clarifications/amplifications on certain issues have been sought for effective implementation of the scheme.
The undersigned is directed to General Circular No: 13/2003dated 25.3.2003 on the above mentioned matter regarding Simplified Exit Scheme.
Record of document destroyed to be maintained. – The Registrar of Companies shall maintain a Register in two parts, in the form set out in the Appendix annexed hereto, wherein he shall enter brief particulars of the records destroyed and shall certify by his own hand writing therein the date and mode of destruction.
Amendment to Companies (Acceptance of Deposits) Rules 1975 updates deposit interest categories, specifying rate bands from 0% to above 12.5% for clearer compliance.
The Public Companies (Terms of Issue of Debentures and Raising of Loans with Option to Convert such Debentures or Loans into Shares) Amendment Rules, 2003
Amendment to Companies (Acceptance of Deposits) Rules 1975 permits loans from NDDB to companies owned by it, clarifying deposit treatment for regulatory compliance.
New amendment to the Companies (Acceptance of Deposits) Rules exempts NDDB loans to its companies from deposit regulations under the Companies Act, 1956.
such scheduled bank or public financial institution has given the company notice of its intention to convert such loans or debentures at least 30 days prior to the intended date of conversion.
