The right to freedom comes under one of the fundamental rights. It is enshrined in the Indian Constitution. It is important to understand what rights are and what they entail. This subject is a major in Politics and Electives of the UPSC Civil Service Examination Program. Six fundamental rights that are mentioned in the constitution […]
Amendment In Schedule III under Companies Act 2013 Schedule III to Companies Act, 2013 (hereafter referred to as the Schedule) was modified vide notification dated March 24, 2021 to enhance various additional disclosure requirements while preparing the financial statements of a company. These amendments are applicable to audit reports issued in respect of accounting years commencing on […]
Insolvency & Bankruptcy Code, 2016 (IBC) was notified on May 28, 2016 and by December 2016 majority of provisions of IBC was implemented. With its enactment an altogether new insolvency regime that is proactive, incentive compliant, market led, and time-bound, came into existence in India.
The Hon’ble Supreme Court of India in Ghanashyam Mishra and Sons Private Limited v. Edelweiss Asset Reconstruction Company Limited & Ors. [Civil Appeal No. 8129 of 2019 with WP (Civil) No. 1177 of 2020 and Civil Appeals No. 1550-1554 of 2021] held that, once resolution plan under the Insolvency & Bankruptcy Code, 2016 (IBC) is […]
Relaxation of Timeline for Filing Forms Related to Creation or Modification of Charges Due to the covid 19, the pandemic ministry has provided some sort of relief to aid stakeholders by cutting down the time frame as follows: Applicability: CHG 1 and CHG 9 first case: Creation/modification made before 01.04.2021 but the due date for […]
Remuneration to Non Executive and Independent Director (NED & ID) after 18th March 2021 ♦ Non- Executive and Independent Director brings governance, transparency, independent and fair view in the Board and they are much needed in a company having losses. However Section 197 of the Companies Act, 2013 (CA 13), provided that the company can […]
Central Scrutiny Centre (CSC)—Under MCA Effective from 23 March 2021 Ministry of Corporate Affairs (MCA) had issued a Notification on March 18, 2021 which shall be effective from March 23, 2021 notifying as follows: Link of the notification https://taxguru.in/company-law/mca-establishes-central-scrutiny-centre-carrying-out-scrutiny-stp-e-forms.html 1. MCA vide power u/s 396 (1) & (2) of the Companies Act, 2013 (CA 13) […]
Three Circulars by MCA dated May 03, 2021 in view of the difficulties arising to resurgence of Covid-19 1. Relaxation of Time in filing and levy of additional fees in filing of certain forms by the company and LLP MCA issued a General Circular No. 06/2021 dated May 03, 2021, relaxing the time and additional […]
What is Cryptocurrency? Cryptocurrency is a Digital currency that can be exchanged online for goods and services,but uses an online ledger with strong cryptography to secure online transactions. Cryptocurrencies work using a technology called Blockchain. There are more than 4,000 cryptocurrencies in existence but Bitcoin has a large lead as compared to any other cryptocurrency. Bitcoin is […]
Corporate Social responsibility (CSR) is continuing commitment by businesses to integrate social and environmental concerns in their business operations. On April 1, 2014, India became the first country to legally mandate corporate social responsibility.
