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...
Articles of Association regulates the internal management of the company and specifically defines the power of its officers. The Supreme Court further stated that Articles is a contract between the company and its members and between the members inter se which governs the ordinary rights and obligations incidental to membership of the company.
So, we are again at the close of the financial year 2020-21 and across our responsibility as an auditor of expressing our opinion on true and fair view of the financial statements. As a statutory auditor we are expected to check the compliances with respect to Companies Act,2013.
Corporate Social Responsibility (CSR) checklist as per CSR Policy Amendment Rules, 2021 explains nature of Compliance as required CSR Policy Rules, 2014, Due date of Compliance, Description of CSR Compliance and Remarks related to Compliance. Article also contains Format for the Annual Report on CSR Activities to Be Included in the Board’s Report Corporate Social […]
A glance towards latest reforms in corporate social Responsibilty -The concept of Corporate Social Responsibility (CSR) is introduced in India by the Companies Act, 2013, initially this concept was voluntary but The Companies (Amendment) Act, 2020 and Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 imposed mandatory requirement upon companies to comply with CSR obligations. […]
Paying off part of the shares out of capital in excess of wants so as to enable the holders of the remaining shares in effect to acquire the interest of those paid off and become the only shareholders;
The Companies (Accounts) Amendment Rules, 2021: MCA has vide its notification dated 24.03.2021, notified the Companies (Accounts) Amendment Rules, 2021. Effective from the 1st day of April, 2021. The analysis of amendment notification dated 24.03.2021 is as follows: Amendment to Rule 3: Post-Amendment, in Rule 3, in sub-rule (1) the proviso shall be inserted: (1) […]
Brief: The following article explains the provisions of Fast Track Mergers, its advantages, steps involved & details of forms need to be filed for a fast-track merger. 1. APPLICABLE PROVISIONS UNDER COMPANIES ACT, 2013: i. Section 233 of the Companies Act, 2013 ii. Rule 25 of TheCompanies (Compromises, Arrangements, and Amalgamations) Rules, 2016 2. WHAT […]
Summary/ Gist of Amendments to Companies (Accounts) Rules, 2014 -Insertion of a Proviso in Rule 3(1)- To mandate Accounting software having audit trail feature of every transaction -Insertion of 2 clauses in Rule 8(5)- To add more matters to be included in Board report Effective Date of Companies (Accounts) Amendment Rules, 2021- 1 April, 2021 […]
Gist of Amendments -Omission of a clause of Rule 11 of of Companies (Audit and Auditors) Rules 2014 -Insertion of 3 clauses to Rule 11 with an intent to add more matters to Auditors report Effective Date of Applicability of Companies (Audit and Auditors) Amendment Rules 2021 – 1 April, 2021 Rule 11- Other Matters […]
Non Adherence to Secretarial Standards lands Companies in a soup ;ROC imposes penalty The Companies Act, 2013 has entered into a maturity phase as its inception is over seven years. Secretarial Standards were introduced to plug in the gap that the Act did not provide for as a measure of good Corporate Governance. Yet, the […]
