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 : The Companies Act, 2013 and related rules now require most public and private companies to issue and transfer securities only in d...
Company Law : The Companies Law Amendment Bill, 2026 proposes major reforms in corporate governance, compliance, and digital regulation. This ar...
Company Law : This guide explains the complete legal procedure for shifting a company’s registered office within the same state but under a di...
Company Law : Section 56 of Companies Act, 2013 requires execution of a proper instrument of transfer for transfer of interest of a member in a ...
Corporate Law : The article explains how digital adjudication systems, virtual hearings, and online compliance platforms are reshaping India’s c...
Company Law : Provisional list of audit firms of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2025; fines apply fo...
Company Law : ICSI recommended restoring public access to basic company master data without mandatory login requirements. The representation sta...
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
Company Law : The issue is ambiguity in filing authority during liquidation. ICSI has requested clarity to enable liquidators to maintain statut...
Company Law : The initiative addresses inefficiencies in the current filing system and proposes consolidation and automation. It highlights a sh...
Income Tax : In a commercial suit regarding specific performance, High Court had allowed a Civil Revision Petition by setting aside the order o...
Company Law : The Madras High Court permitted Nidhi companies to submit fresh replies against NDH-4 rejection orders and directed authorities to...
Company Law : Legal Analysis and Narrative Brief: Dale and Carrington Investment Pvt. Ltd. and Another v. P.K. Prathapan and Others (Supreme Cou...
Company Law : Bombay High Court held that writ petition cannot be entertained in the face of availability of alternative remedy of approaching t...
Company Law : The case examined whether Tribunal approval was required for extending preference share redemption. It was held that such extensio...
Company Law : ROC Pune held that procedural lapses in a private placement involving one investor formed part of a single integrated transaction ...
Company Law : ROC Pune penalized a start-up company and its officers for delayed filing of e-Form MGT-14 relating to a Special Resolution under ...
Company Law : ROC Pune penalized a company and its directors for delayed filing of e-Form PAS-3 relating to private placement allotment under Se...
Company Law : ROC Pune penalized a company and its directors for utilizing private placement funds before filing return of allotment under Secti...
Company Law : ROC Mumbai-II imposed penalty under Section 450 after a company incorrectly mentioned the AGM date in Form AOC-4 XBRL. The order h...
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 […]
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 […]
