Companies Act 2013 - Page 20

Disclosure requirement in compliance of IndAS 19

Disclosure requirement in compliance of IndAS 19 for Listed & Unlisted Companies, Scheduled Commercial banks, Insurer & NBFC In Indian context, Companies needs to comply with Accounting Standards notified under Section 133 of Companies Act 2013 to prepare the Financial Statements at the end each Financial Year. Ensuring th...

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Posted Under: Corporate Law |

Reverse Merger in India

Seeing the importance Reverse Mergers are getting in recent years, it is clear that in the time to come, it would become one of the most preferred methods of public listing all over the world. Both developed and developing countries are realizing that reducing time and cost are the best ways for companies to gain a competitive advantage o...

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Posted Under: Corporate Law |

Independent director- New Era of Data Bank & Online Proficiency test

Independent directors have a crucial role to play for keeping good governance practices. In order to ensure the basic literacy of company law, securities law and accountancy among Independent directors and to boost Corporate Governance standards in India, the Govt. has decided to introduce online proficiency self-assessment test for Indep...

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Posted Under: Corporate Law |

Recent amendments related to Filing of DIR-12 of Inactive Companies

MCA has recently issued Companies (Incorporation) Eighth Amendment Rules, 2019 on 16th October, 2019 As per Notification mentioned above there is amendment in Rule 25A i.e. Active Company Tagging Identities and Verification (ACTIVE). As per notification in Rule 25A in sub rule (1) proviso IV for the point III following  shall be substitu...

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Posted Under: Corporate Law |

MCA started identifying Directors Disqualified U/s. 164(2)( a) to take action

Important Update on ‘Identification and flagging of Disqualified Directors u/s 164(2) ( a) of the Companies Act, 2013 Please note that the Registrars of Companies (ROCS) are in process of identification and flagging of directors disqualified under section 164(2)(a) of Companies Act, 2013 for their default of non-filing of financial ...

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Posted Under: Corporate Law |

Registration of NGO under Section 8 of Companies Act, 2013

Steps for Registration of Registration of NGO under Section 8 of Companies Act, 2013- 1. Reserve Name under RUN: First steps while registering any type of NGO is selection of name. It should be identical/unique (you can use Noun instead of adjective while choosing name) from others and don’t forgot to use Foundation, Forum, Association,...

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Posted Under: Corporate Law |

Regional Director, New Delhi to have Jurisdiction over UT of J&K & Ladakh

Notification No. S.O. 3957(E) (30/10/2019)

MCA notifies revised Jurisdiction of  Regional Director, North Region Directorate, Headquarter at New Delhi to States of Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Uttarakhand and Union territories of Chandigarh, Jammu and Kashmir, Ladakh and National Capital territory of Delhi. Ministry of Corporate Affairs Notification New Delhi...

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ROC Jammu-Jurisdiction of Adjudication of Penalties-UT of J&K & Ladakh

Notification No. S.O. 3956(E) (30/10/2019)

Registrar of Companies-cum‑ Official Liquidator, Jammu have Jurisdiction for Adjudication of Penalties under Companies (Adjudication of Penalties) Rules, 2014, over Union territory of Jammu and Kashmir and Union territory of Ladakh. Ministry of Corporate Affairs Notification New Delhi, the 30th October, 2019 S.O. 3956(E)._ In exercise o...

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ROC Jammu has Jurisdiction of UT of JK and UT of Ladakh

Notification No. S.O. 3955(E) (30/10/2019)

Registrar of Companies Jammu shall have jurisdiction in respect of Union territory of Jammu and Kashmir and Union territory of Ladakh, for the purpose of registration of companies and discharging the functions under the Companies Act, 2013. MINISTRY OF CORPORATION AFFAIRS NOTIFICATION New Delhi, the 30th October, 2019 S.O. 3955(E).— In ...

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Managerial Remuneration provisions under Companies Act, 2013

Although there are many laws governing wages of blue collar workers, there is no specific law for remuneration or salary of top managerial level personnel. The Managerial personnel are generally paid on the basis of their experience and their worth to management, so their remuneration package are generally high and consist of other perqui...

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Posted Under: Corporate Law |

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