Company Law - In this editorial, author shall discuss the provision, applicability of Cost Audit and Cost Auditor on Companies along with reason of issuance of Notice from Cost Department. Applicability of Cost Records: As per Rule 3, The class of companies, including foreign companies, engaged in the production of the goods or providing services, spec...
Read MoreCompany Law - In this editorial author shall discuss, the provisions, process, criticalities of Web-form LLP-08 i.e. LLP-08 is Statement of Account & Solvency and Charge to Registrar of Companies of LLP. Due to change of MCA version from V2 portal to V3 Portal Now, LLP-08 form shall be Web Based form. LLP-08 required to file Pursuant to […]...
Read MoreCompany Law - MCA has issued General Circular No 2/2022 and 3/2022 in respect of clarification of holding of AGM & EGM through Video Conferencing (VC). ♦ MCA has first time issued circular vide No. 14/2020 on 08.04.2020 in respect of holding of EGM through Video Conferencing and Circular No. 20/2020 dated 05.05.2020 in respect of holding of [&hel...
Read MoreCompany Law - The Ministry of Corporate Affairs in its drive to enhance transparency, investor protection and corporate governance, has notified Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 on 10 September 2018 effective from 02nd October 2018. So, Provisions of PAS-6 become effective from 02nd October 2018. In accorda...
Read MoreCompany Law - In this editorial author shall discuss, the provisions, process, criticalities of Web-form LLP-11 i.e. LLP-11 is Annual Return of LLP. Due to change of MCA version from V2 portal to V3 Portal Now, LLP-11 form shall be Web Based form. LLP-11 required to file Pursuant to section 35 of The Limited Liability Partnership Act, 2008 […]...
Read MoreCompany Law - Ministry of Housing & Urban Affairs Scheme of Special Micro-Credit Facility launched for Street Vendors – Striving towards Atmanirbhar Bharat Posted On: 19 JUN 2020 A Memorandum of Understanding has been signed between Ministry of Housing & Urban Affairs and Small Industries Development Bank of India (SIDBI), here today, ...
Read MoreReal Time Interactive Media (P.) Ltd V/s Metro Mumbai Infradeveloper (P.) Ltd (Bombay High Court) - In this flash editorial author discusses the provisions of liability of directors after strike off of Company or winding up of Company by tribunal after Struck off in the record of Registrar of Companies....
Read MoreAmod Amladi V/s. Mrs. Sayali Rane & Anr. (NCLAT Delhi) - Article discusses Time Period for Filing of Appeal in National Company Law Appellate Tribunal (NCLAT) against the order of adjudicating authority in the light of Section 62(2) of Insolvency and Bankruptcy Code, 2016 and NCLAT Judgments in the case of Steam Amod Amladi V/s. Mrs. Sayali Rane & Anr and...
Read MoreSteamline Industries Ltd Vs. Tecpro Systems Ltd (NCLAT Delhi) - In this editorial author discusses Judgment National Company Law Appellate Tribunal (NCLAT) in the case of Steamline Industries Ltd Vs. Tecpro Systems Ltd with reference to Section 14(1)(a) and 238 of the nsolvency and Bankruptcy Code, 2016 (IBC, 2016) on the issue Whether Pending Proceeding before...
Read MoreShriram EPC Limited Vs. Rio Glass Solar SA (NCLAT Delhi) - The 'I&B Code' is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provision of a statute which requires that a particular act should be done by a person in the manner as prescribed thereunder. Therefore, we hold that a 'Power of Attorney Hold...
Read MoreAnil Steels V. A.D. Electro Steel Co. (P.) Ltd (NCLT Kolkata Bench) - Whether Corporate Debtor can bar the NCLT to accept the petition of Operational Creditor by raising a dispute on the Demand Notice...
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