The Companies Act 2013 is a crucial legislation in India governing the incorporation, functioning, and management of companies. Learn about the key provisions, compliance requirements, and legal framework under the Companies Act 2013.
Company Law : Understand Section 186 of the Companies Act, 2013, covering company loans, investments, and compliance requirements, including boa...
Company Law : Key compliance duties for company directors under the Companies Act, 2013, including disclosures, declarations, KYC, and meeting a...
Company Law : Learn the process and benefits of converting a Limited Liability Partnership (LLP) into a Private/Public Company under the Compani...
Company Law : Learn about the rights issue of shares under Companies Act 2013. Explore the process, key points, and steps for issuing shares to ...
CA, CS, CMA : Highlights from August 5-11, 2024: Income Tax exemptions, GST updates, SEBI guidelines, and RBI monetary policy changes....
Company Law : Explore the latest status of the MCA21 e-Governance program, Certified Filing Centres in Haryana, impact on corporate filings, and...
Company Law : Govt. of India's recent measures to enhance corporate governance, prevent fraud, and ensure effective CSR practices. Insights on r...
Company Law : Discover how C-PACE accelerates the company exit process from 2 years to under 90 days, streamlining operations and reducing backl...
Company Law : Discover the latest data on Goa-based companies struck off and revived, plus insights on related amnesty programs from the Ministr...
CA, CS, CMA : ICSI appreciates Budget 2024 for its focus on women, youth, farmers, MSMEs, regulatory infrastructure, sustainability, digital gov...
Company Law : Delhi High Court held that timelines under Regulation 35A of the CIRP Regulations, 2016 for filing avoidance application are direc...
Income Tax : Associated Chambers of Commerce And Industry of India Vs Deputy Commissioner of Income Tax & Ors. (Delhi High Court) Delhi Hig...
CA, CS, CMA : Read the full NCLT judgment/order on Union of India Vs CA. Ramaiah Nataraja. Bengaluru CA barred from statutory auditor role for c...
Company Law : Explore the Calcutta High Court's decision in Uphealth Holdings, INC. Vs Dr. Syed Sabahat Azim & Ors. regarding the applicability ...
Company Law : Read the full NCLT judgment where Zee Entertainment Enterprises Limited sought to withdraw its merger with Sony Groups, impacting ...
Company Law : Easy Funds Finance Pvt Ltd and directors penalized for failing to file Annual Returns and Financial Statements. Total penalties am...
Company Law : MCA imposes penalties on Agrilife Technologies Pvt Ltd for delayed filing of e-Form MGT-14 under Section 117 of Companies Act, 201...
Company Law : Registrar of Companies penalizes Paramount Dye Tec Limited for not disclosing trading activity in its MOA, violating Section 4(1)(...
Company Law : MBL Infrastructure Ltd. faces scrutiny under Section 90 of the Companies Act for non-compliance. Details on adjudicating officer's...
Company Law : Nalam Mahalir Nidhi Ltd. fined ₹4 lakh for failing to file e-form INC-22. Penalty details and appeal process outlined by Coimbat...
The power to borrow monies is an inherent power with corporate entities for the purposes of company. This power is to be exercised in terms of provisions of Companies Act, 1956/2013 and Memorandum and Articles of Association of the company. However, in case of companies registered under section 25 of the Companies Act, 1956 or […]
In view of implementation of Ind AS 116, ‘Leases ’applicable from the financial year 2019-20, and amendments in other Ind ASs, CSR Rules etc (applicable from FY 2019-20 & 2020-21), Ind AS XBRL taxonomy has been amended for financial reporting purposes.
Running a company smoothly is a difficult task! Handling finances and meeting various statutory compliances is no exception. Post – incorporation, a company must comply with various mandatory compliances under different laws. In case of non-compliance, strict penalties, interest, fines, and fees are imposed. As a quick reference, I have broadly listed major legal compliances […]
Deposits, its implication, exemption & penal Provision Under Companies Act, 2013 Deposits refer to accepting of loans and advances by a company from its member or from public subject to certain terms and condition which are required to be fulfilled as per the Companies Act, 2013. Deposit Excludes: – 1. Any amount received from Central […]
Applicable Provision: Section 161(1) of Companies Act of 2013r/w Rules of Companies (Appointment and Qualification of Directors) Rules of 2014. As per Section 161(1), ‘Articles of a company may confer on its Board of Director such power to appoint Additional Director. A person who has failed to be appointed through general meeting shall not be […]
E-Form ADT-1 is required to be filed pursuant to Section 139 and 140 of the Companies Act, 2013 (‘CA, 2013’) and pursuant to Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014. It is notable that the first Auditor shall be appointed in the company by Board of Director under Section 139(6) or 139(7) […]
MCA Releases List of 53 Forms eligible for Additional Fees Waiver pursuant to General Circular No. 06/2021 and General Circular No. 07/2021 Dated: 03/05/2021. List is been Updated by MCA as under First List of 10 Forms on 13th May 2021 Second List of 18 forms on 22nd May 2021 (Inclusive of above) Third List […]
REMOVAL OF AUDITOR BEFORE THEIR TERM:- Provisions Under Companies Act, 2013– Pursuant to the Provision of Section 140(1) of the Companies Act, 2013 read with Rule 7(1) of Companies (Audit and Auditors) Rules, 2014 The auditor appointed under section 139 may be removed from his office before the expiry of his term only by a […]
Applicable Provisions: Section 203 of Companies Act of 2013 r/w Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules of 2014 What they have to Say: Every Listed company and every other public company having a paid-up share capital of Rs. 10 Crore or more shall have whole-time key managerial personnel comprising of: […]
SECTION-185 ⇓ LOAN, GUARANTEE OR PROVIDING SECURITY TO DIRECTORS, ETC. OBJECTIVE OF SECTION 185 ⇓ To Prevent the directors from using their undue influence in obtaining Loan From their Own Company either for themselves or for their relatives or partners. APPLICABILITY OF SECTION 185 ⇓ This Section Shall be Applicable to ALL COMPANIES Except:- Certain […]
