Company Law - MCA vides its notification dated 22.01.2019 issued an Order may be called the Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 through which reporting was required to be made by Specified Companies before the ROC in MSME FORM 1...
Read MoreCompany Law - 1. Definition of Dividend under Companies Act, 2013 Companies Act, 2013 has not defined the term Dividend. However, Section 2(35) of the Act states that dividend includes interim dividend. In Corporate accounting language “Dividend is the distribution of portion of profits to the shareholders of the company. Normally Dividends are decla...
Read MoreCompany Law - In India, Foreign Direct Investment (‘FDI’) inflows have been witnessing increase every year. Similarly, Indian companies are going global by investing abroad in the recent past. The importance of FEMA compliances is indispensable considering the fact there are penal consequences in case of non-compliances. The purpose of this arti...
Read MoreCompany Law - 1. Under Indian foreign exchange regulations, general permission is available for transfer of shares / convertible debentures between non-residents (NR) and Indian residents (IR) by way of gift or sale under private arrangement. Further, a non resident (other than non-resident Indian (“NRI”) and overseas corporate bodies (“OCB”) m...
Read MoreCompany Law - Its best for Entrepreneurs having dormant or defaulting LLPs, which are actually not working and upon which there is accruing penalty, to get their LLPs struck off by using the above procedure and get relief from heavy penalties of the Ministry....
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