ROC - Page 7

Use of Key Words in the Proposed Names of companies and minimum Authorised Share Capital Required

The minimum authorised capital for Private Limited Company – Rs.1,00,000/-, For Public Limited Company -Rs.5,00,000/- For the use of some key words as part of name, the minimum authorised capital is given  below: 1. Corporation : 5 Crores...

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Posted Under: Company Law |

Companies having links with Satyam under SFIO scanner

The net is being cast wider with every company that has done a transaction  with Satyam now coming under the scanner of the Serious Fraud Investigation Office (SFIO), which got permission to probe Satyam’s transactions with as many as 250 companies. All the companies will have to divulge information regarding the nature of their b...

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Posted Under: Company Law |

SFIO will investigate Satyam Fraud Case

The ministry of corporate affairs ordered investigation into the Satyam scandal by the Serious Frauds Investigation Office (SFIO), a multi-functional investigating agency that has representations from the ministry of home affairs, Enforcement Directorate and the Intelligence department....

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Posted Under: Company Law |

Now E- Form 23AC Can Be Filled In Without Getting SRN of Form 23B – Instruction Kit Revised

Now e- form 23AC can be filled in without getting SRN of form 23B The Ministry of Corporate Affairs (Ministry) has revised e-form 23AC effective from 28th September 2008 wherein filling in SRN of 23B was made compulsory. In many a cases, it was reported by our members that SRN of form 23B was not available which ultimately resisted to fil...

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Posted Under: Company Law |

Company Disputes May Soon Be Settled Out Of Court

In a bid to check the rise in court cases against corporate houses for company law violations, the government is set to give more powers to its officials to deal with such offenses out of court. The framework proposed in the new company law envisages that company disputes should not be dragged to the court....

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Posted Under: Company Law |

Period of preservation of accounts or for which books are required to be maintained

Companies Act, 1956 -· A company is required to maintain its books of account and vouchers for a period of 8 years immediately preceding the current year. · A s. 25 company is required to maintain its books of account and vouchers for a period of not less than 4 years. · The books and papers of the Amalgamated/Transferor Company must b...

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Posted Under: Company Law |

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