-
Section 188 of the Companies Act, 2013 updated as per Companies (Amendment) Act, 2015
RELATED PARTY TRANSACTIONS Section 188 of the Companies Act, 2013 read with Companies(Meetings of Board and its Powers) Rules, 2014 (Updated as per Companies (Amendment) Act, 2015) Sub section (1) of...
-
Depreciation Under Schedule II of Companies Act, 2013
1. What will be carrying cost and carrying life of the asset, if a company purchased it as second hand asset from another? Reply: a) Please note that carrying cost will be the historical cost or the a...
-
Constitution of Companies Law Committee by MCA
F. No. 2/19/2011-CL-V Ministry of Corporate Affairs Government of India ‘A’ Wing, 5th Floor, Shastri Bhawan New Delhi – 110 001 Dated 04th June, 2015 ORDER Subject : – Constitution of Companies Law Co...
-
MCA constitutes Companies Law Committee
MCA has constituted a Companies Law Committee with the following mandate: To make recommendations to the Government on issues arising from the implementation of the Companies Act, 2013 and To examine...
-
Effective date of enforcement of Companies (Amendment) Act, 2015 and Subsequent amendment in Rules.
Ministry of Corporate affairs vide notification dated 29th May, 2015 has hereby appointed 29th May, 2015 as the date on which all the provisions of Companies (Amendment) Act, 2015 shall come into forc...
-
A brief note on Depreciation As Per Schedule II of Companies Act 2013
Schedule II to the Companies Act, 2013 requires depreciating the asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its r...
-
Companies no longer required to file e-form INC-21 with ROC
The requirement of filing declaration by a company before commencement of business or exercising its borrowing powers has been dispensed with under the Companies (Amendment) Act, 2015. Accordingly com...
-
Resolutions requiring filing of MGT-14
BOARD RESOLUTION REQUIRED TO BE FILE WITH ROC IN FORM MGT-14 S. No. LIST OF BOARD RESOLUTION REQUIRED TO BE FILE WITH ROC IN FORM MGT-14 A. To issue securities, including debentures, whether in or out...
-
Changes in Stamp Duty Rates for MOA & increase in authorized share capital in some states
Stamp duty in the State of Rajasthan for change in authorized share capital of a company is changed vide Notification ‘F.4 (15)/FD/Tax/2014-60′ dated 14th July 2014 by the Finance (Taxation) Departmen...
-
How to respond to Show Cause Notice under section 266G of the Companies Act 1956
As per Section 266C of the Companies Act 1956, “No individual, who had already been allotted a Director Identification Number under Section 266B, shall apply, obtain or possess another Director Identi...
-
Companies (Share Capital and Debentures) Second Amendment Rules, 2015
Government of India Ministry of Corporate Affairs Notification New Delhi Dated the 29th May, 2015 G.S.R. (E). – In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Co...
-
Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015
Government of India Ministry of Corporate Affairs Notification New Delhi, the 29th May, 2015 G.S.R. (E). – In exercise of the powers conferred under sub-section (1) of section 123 read with section 46...
-
Companies (Incorporation) Second Amendment Rules, 2015
Government of India Ministry of Corporate Affairs Notification New Delhi Dated the 29th May, 2015 G.S.R. _ (E). – In exercise of the powers conferred by section 7 read with sub-sections (1) and (2) of...
-
Companies (Registration of Charges) Amendment Rules, 2015
Government of India Ministry of Corporate Affairs Notification New Delhi Dated the 29th May, 2015 G.S.R. (E). – In exercise of the powers conferred by sections 77, 78 and 79 read with sub-sections (1)...
-
Companies (Registration Offices and Fees) Second Amendment Rules, 2015
Government of India Ministry of Corporate Affairs Notification New Delhi Dated the 29th May, 2015 G.S. R. – In exercise of the powers conferred by section 399 read with sub-sections (1) and (2) of sec...
-
Registration and Satisfaction of Charges under Companies Act, 2013
Charge is the security given for securing the loan or debentures. Security can be provided wither by way of Mortgage/Pledge/Hypothecation. There are two types of Charges a) Fixed Charge:- Fixed charge...
-
Companies Amendment Act, 2015: Major and other changes
Analysis of Companies Amendment Act, 2015 The Companies Act is considered to be the ‘Gita’ for the Indian corporate world; it is the basic piece of legislation that shapes the way in which business is...
-
Summary of Amendment vide Companies (Amendment) Act 2015
The Companies (Amendment) Bill 2015 was recently passed in Rajya Sabha on 13th May 2015 and was passed in Lok Sabha on 17.12.2014. Bill got assent of the president on 25.05.2015 and got published in o...
-
Activities eligible for CSR expenditure
Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows: 1. Eradicating hunger, poverty and malnutrition, promoting preventive health ca...
-
Major Initiatives & Achievements of Ministry of Corporate Affairs
Following are the major initiatives and achievements of the Ministry of Corporate Affairs in the last one year. – Furthering ease of doing business – Companies Act, 2013: o 16 amendments in the Compan...