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 Ministry of Corporate Affairs (MCA) has amended Schedule III of the Companies Act, 2013 on 24th March, 2021. Schedule III provides general instructions for preparation of Financial Statement of a company classified under Division I (Indian GAAP) and Division II & III (Ind AS). Amendments under Division I (Indian GAAP) are covered below: MCA […]
Section 245 of the Companies Act, 2013 covers the provisions of class action suit. Basically, the provisions of class action suit safeguards the interest of the members/ depositors against the prejudicial/ unlawful/ wrongful conduct of the company/ directors/ any other related person. Introduction of class action suit under company law- Class action suit was notified […]
The Ministry of Corporate Affairs (MCA) has issued a notification (Companies (Accounts) Amendment Rules, 2021), that every company which uses accounting software for maintaining its books of account shall use only the accounting software where there is a feature of recording audit trail of each and every transaction, and further creating an edit log of […]
Article explains Conditions for Voluntary Striking Off of Company, Important Points for Striking Off of Companies In India, Restrictions on Filing for Application of Striking Off and Mandatory Documents to be Filed with Application of Striking Off under Companies Act 2013 read with Companies (Removal of Name of Companies from the Register of Companies) Rules, […]
Companies Act 2013 (Section wise fines & penalties) SL No. Section Matters Fines/penalties 1 Section 4(5) Reservation of Name – After reservation of name , if information given is not correct then: if the company has not been incorporated, the reserved name shall be cancelled and the person making application under sub-section (4) 1 lakh […]
PPT explains about Incorporation of Company through Spice+ under Companies Act, 2013. Incorporation is the legal process used to register or form a corporate entity or company. A corporation is the resulting legal entity that separates the firm’s assets and income from its owners and investors. In India the Incorporation (or registration) of a business is governed […]
Procedure for Increase in the Authorised Share Capital (In Case of Private Limited Company) As per section 61 of the Companies act, 2013 a limited company having a share capital may, by passing an ordinary resolution in a general meeting, alter the capital clause of its Memorandum of Association; provided authority to alter is given […]
Detailed analysis of changes brought in by ministry of corporate affairs in Schedule III of Companies Act 2013; dated 24th March 2021 – Balance Sheet Section 467 of the companies act 2013, gives powers to the central government to alter any of the regulations, rules, tables, forms, and other provisions contained in any of the […]
The Ministry of Corporate Affairs, Government of India, issued notifications dated 24th March, 2021 to amend Schedule III to the Companies Act, 2013 (hereinafter referred to as ‘the Act’); Companies (Accounts) Rules, 2014 and Companies (Audit and Auditors) Rule, 2014 to enhance the disclosures required to be made by the Company in its Financial Statements, […]
Indian Trusts have no central law; Indian Societies have different legal and institutional frameworks from state to state while Section 8 companies have one uniform law across the country – Companies Act, 2013. It is this robust Act that regulates the formation, management and accountability of a Section 8 Company, thus making it more closely regulated and monitored than trusts and societies, and recognized all over the world.
