Nidhi company are governed by section 406 of Companies Act 2013 and Companies (Nidhi Companies) Rules, 2014. Today we will look into the incorporation procedure and documents required for incorporation of NIDHI company. Points to remember: 1. A NIDHI company is always incorporated as public company. 2. NIDHI company can only accept deposits or provide […]
This Article aims to analyse the concept of ‘directorial entrepreneurialism’ in India through the analysis of the only available literature on it which is the case of ‘Vaishnav Shorilal Puri vs Kishor Kundan Sippy’ decided by the Bombay High Court
In this article, we discuss the importance and relevance of minute legal aspects of conducting valid company board meeting. For this, the landmark case of Dr. T.M. Paul v. City Hospital Pvt. Ltd, 1998 has been used. This case highlights how minute irregularities can lead to major legal consequences and ultimately lead to invalidity of meetings.
Holding of AGM Through VC by A Private Limited Company Given the difficulties faced by the stakeholders on account of the threat posed by COVID-19, the Ministry of Corporate Affairs (MCA) have issued a circular (No.20/2020) on 5th May 2020 for allowing the conduct of Annual General meeting through video conferencing (VC) or other audiovisual means (OAVM). The Companies […]
The Ministry of Corporate Affairs introduced several schemes {Companies Fresh Start Scheme, 2020 (CFSS) General Circular No. 30/2020, LLP settlement Scheme 2020 General Circular No. 31/2020, Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 General Circular No. 33/2020 and Clarification on holding of […]
Once you had decided to start your own business, you need three things, Well worth Business Idea, Capital, and a Company. So if you had already chosen the best business Idea, not its time to decide on the Type of Company for your business. 1. Proprietorship Registration: This is the oldest and traditional form of […]
On 24th September 2020, the Reserve Bank of India placed on its website a Working Paper titled ‘Inflation Forecast Combinations – The Indian Experience’ under the Reserve Bank of India Working Paper Series. The Paper has been authored by Joice John, Sanjay Singh, and Muneesh Kapur, from RBI though the views expressed were their personal […]
HC Setting aside the disqualification of director and reactivating the director identification number (DIN) and digital signature certificate (DSC) The Hon’ble HC of Delhi in the case of Sandeep Agarwal & Anr. Vs. Union of India & Anr set aside the disqualification of the Directors and ordered for reactivation of their respective Director Identification Number […]
The Telecom major Vodafone won a long pending case against the Indian government in an international court over Rs.22, 000 crore in retrospective tax dispute. Let’s take a look at what happened; Facts of the Case: The main companies involved were as under: HTIL Hutchison Telecommunications International Ltd (Hong Kong). It was the seller and earner of […]
It is stated that company can file Form DPT-3 till 31st December, 2020 without any additional fee, however, it has to be filed a FORM CFSS-2020 after closure of scheme.
