Companies Act 2013 - Page 342

Reg. Private company exemption from internal financial control reporting

General Circular No. 08/2017 (25/07/2017)

Stakeholders have drawn attention of this Ministry to the serial no. 5 of notification No. G.S.R. 583(E) dated 13th June, 2017 which states that requirements of reporting under section 143(3)(i) of the Companies Act, 2013 shall not apply to certain private companies as mentioned therein and have sought clarification w.r.t. the financial y...

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MCA constitutes 2 two Committee to review 10 year old and above cases

No. 16/37/2017 -Legal (25/07/2017)

Constitution of two Review Committee (s) for reviewing the 10 year old and above cases of different regions and in office of SFIO for withdrawal of prosecution. The Committees would review and recommend the details of cases in which prosecutions are required to be withdrawn including the reports submitted by the Regional Director (s)...

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Summary of exemptions to private companies under Companies Act, 2013

Exemptions to Private companies under Companies Act, 2013 in a nutshell is given below for ready reference of the Professionals. This article is written with an intention to give the readers a one page look at the exemptions to private companies under the Companies Act, 2013. I hope it proves to be useful to all […]...

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Posted Under: Company Law |

Summary of MCA Notifications issued during June 2017

No. I-27011/2/2017-Coord.

Three notifications under section 462 of the Companies Act, 2013[CA-13] have been issued after laying of such notifications in draft form before both houses of These notifications provide exemptions from the provisions of the CA-13 to respective companies (viz. Private companies, Government companies and charitable companies) as per recom...

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Amendment Companies Act, 2013- June-July, 2017

In this Flash editorial, the author referring amendment (i.e. in Rules, Sections, Circulars, Notifications) issued by Ministry of Corporate Affairs in the Month of June – July, 2017. This is article no. 246 of the series of editorials written by the author on corporate laws...

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Posted Under: Company Law |

13 FAQ’s On Merger and Amalgamation

Which companies are allowed to merge? Companies Act, 2013 does not prescribe any eligibility requirements of companies for the merger. However, it prescribes several questions which will be answered in further lines. ...

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Posted Under: Company Law |

SPICe Simplified Proforma For Incorporating Company Electronically

Ministry of corporate affairs came up with the new concept that incorporation of a new company with in one day. It is simplified procedure (SINGLE WINDOW FORM) to incorporate new company with Name reservation, DIN, PAN, TAN & CIN. In global scenario Now, It is easy way to startup business within single day....

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Posted Under: Company Law |

Companies (Meetings of Board and its Powers) Second Amendment Rules 2017

F. No.1/32/2013-CL-V-Part (13/07/2017)

(e) Any director who intends to participate in the meeting through electronic mode may intimate about such participation at the beginning of the calendar year and such declaration shall be valid for one year :...

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Entrenchment of Article of Association under Section 5 of CA 2013

Entrenchment of Article of Association is required in case where we want to specifically enforce the applicability of certain actions, which cannot be overridden until and unless supported by supermajority or a referendum or in order to protect the interest of minority shareholders, where the consent of minority party is required to overr...

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Posted Under: Company Law |

Brief Overview of Secretarial Audit

Secretarial audit defined under Companies Act, 2013. It is Compliance of various applicable laws under companies act or any other act, rules, regulation and Procedure. Secretarial audit will be helpful to the Promoters, Independent & Non- Independent Directors, government authorities & regulators, Investors, stakeholders, Creditors and ma...

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Posted Under: Company Law |

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