Company Law : The issue was whether bank bill discounting facilities require disclosure in Form DPT-3. It was clarified that only amounts outsta...
Company Law : The clarification confirms that Small Companies remain exempt from Rule 9A even after obtaining an ISIN. Compliance obligations ar...
Company Law : The amendment changes KYC filing from annual to a three-year cycle. It clarifies timelines and reduces compliance burden while mai...
Company Law : The Bill focuses on easing compliance and decriminalising minor offences. It introduces streamlined procedures and enhanced govern...
Company Law : The article clarifies that companies are not required to complete annual filings for years in which no business activity was carri...
Company Law : The MCA introduced a streamlined process for updating registered email IDs of companies and LLPs. The update ensures seamless rece...
Company Law : The issue involves failure in DIR-3 KYC filing due to DSC mismatch. MCA clarified that proper DSC registration with DIN is mandato...
Company Law : The MCA21 V3 portal will launch its final 38 company forms on July 14, 2025. Key dates include V2 e-filing discontinuation on June...
Corporate Law : Ministry of Housing & Urban Affairs Scheme of Special Micro-Credit Facility launched for Street Vendors – Striving towar...
Company Law : In this flash editorial author discusses the provisions of liability of directors after strike off of Company or winding up of Com...
Company Law : Article discusses Time Period for Filing of Appeal in National Company Law Appellate Tribunal (NCLAT) against the order of adjudic...
Corporate Law : In this editorial author discusses Judgment National Company Law Appellate Tribunal (NCLAT) in the case of Steamline Industries L...
Corporate Law : The 'I&B Code' is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provisi...
Corporate Law : Whether Corporate Debtor can bar the NCLT to accept the petition of Operational Creditor by raising a dispute on the Demand Notice...
In this article author discusses the followings: – Agenda for First Board Meeting – Draft of Notice, Agenda, Minutes etc. LEGISLATION LANGUAGE: √ As per Section 173(1) ‘Every company shall hold the first meeting of the Board of Directors within 30 (thirty) days of the date of its incorporation.’ √ Companies have to follow Secretarial […]
In this spark editorial, the author begins by referring the provisions of section 73 of Companies Act, 2013 relating to Acceptance of Deposit by Companies. Author shall Shed Some Light on sources of permissible deposits, limits of deposits, provisions of deposits, compliances for acceptance of such deposits etc.
The Provisions of Significant Beneficial Ownership (SBO), in a different form, been part of the Companies Act, 1956, under section 180(7) (3). The new avatar comes under Section 90 of the Companies Act, 2013, as amended in 2017. The issue of the misuse of multi-layered corporate entities has grabbed attention of various policymakers and regulators. […]
Many Professionals / corporate are confused in relation to meaning of Micro and Small enterprises in respect of Notification dated 22.01.2019 by which ‘Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019‘ been passed by MCA. In this editorial, author will discuss meaning of MSME for purpose of above […]
MANDATORY reporting of Specified Companies- In respect of MSME dues with effect from 22.01.2019 as notified vide by MCA on 22nd January, 2019 vide Specified Companies (Furnishing of information about payment to Micro and Small enterprise Suppliers) Order, 2019. As per these rules, Every specified companies are required to file MSME form 1 with ROC […]
Author explains provisions of Mandatory Filing of Details of Loan with ROC in brief with some important FAQ’s in relation to DPT-3 with reference to Companies (Acceptance of Deposits) Amendment Rules, 2019 notified by MCA on 22.01.2019. By Companies (Acceptance of Deposits) Amendment Rules, 2019 : Every Company other than Government Company shall file a […]
Earlier Provision: MCA vide it’s notification dated September 10, 2018 inserted Rule 9A in Companies (Prospectus and Allotment of Securities) Rules, 2014, making it mandatory for all the unlisted public companies to dematerlize it’s securities w.e.f. October 2, 2018 without any exemption to Nidhi Company or Government Company (unlisted public company). MCA on 22nd January, 2019 […]
MCA on 22nd January, 2019 has published Companies (Acceptance of Deposits) Amendment Rules, 2019. They shall come into effect from 22nd January, 2019. By these amended rules “One explanation added in Rule 16” and one “new Rule 16A” has been introduced. As per earlier 16 “Every company to which deposit rules apply (means loan considered […]
There is always confusion between ‘Fine and Penalties’. Through, this editorial author made an attempt to elaborate the difference and basic meaning of between ‘Fine & Penalties’. Let’s first see the meaning as per dictionary: Fine Penalty As per Oxford Dictionary: Fine is “a sum of money exacted as a penalty by a court of […]
As per the Companies Act, 2013 the NFRA is tasked with the job of recommending accounting and auditing standards, ensuring compliance with them and overseeing the quality of service of the accounting and audit professions.
