Company Law

Definition of Holding Company BARE ACT LANGUAGE As per Section 2(46) “holding company”, in relation to one or more other companies, means a company of which such companies are subsidiary companies; De...

Conversion of Public Limited Company into Private Limited Company Keeping in view the relaxations provided to a Private Company, many public companies have converted into Private Companies or in the p...

The Institute of Company Secretaries of India has notified the following secretarial standards under section 118 of the Companies Act 2013. (i) SS-1 : Meetings of the Board of Directors and (ii) SS-2...

The Prime Minister's Office has asked the corporate affairs ministry to "resolve issues" that have held up the formation of the National Company Law Tribunal (NCLT), as it impacts India's ranking in t...

Introduction: In exercise of the power, the Central Government issued Companies (Cost Records and Audit) Rules, 2014, on 30th June 2014. Subsequently Government issued Companies (Cost Records and Audi...

The Secretarial Standard 1 seeks to prescribe a set of principles for convening and conduct of Board Meetings. The principles enunciated in this Standard are equally applicable to the meetings of Comm...

Key Changes / Clarification / new requirements under Secretarial Standard 1 & 2 Sending Notice, Agenda, Resolution by Circulation and Minutes of Board Meeting under SS-1-Secretarial Standard on Meetin...

Introduction- In its undying spirit and persistent endeavour to ensure high corporate governance standards, the Ministry of Corporate Affairs (“MCA’’) vide letter no.1/3/2014/CL/I dated April 10, 2015...

The Institute of Company Secretaries of India has notified the following secretarial standards under section 118 of the Companies Act 2013. (i) SS-1 : Meetings of the Board of Directors and(ii) SS-2 :...

With the introduction of the revamped Company Law, changes have been brought about in quite a few areas of interest. We’re focusing on the changes in depreciation in this article. Schedule XIV of the...

Uses, Relevance & Importance of Common Seal- Companies Act, 2013 Introduction- As we all know that a Company being an artificial person does not have a physical presence, it acts through its Board of...

Introduction According to Wikipedia the term Auditing is defined as a systematic and independent examination of data, statements, records, operations and performances (financial or otherwise) of an en...

A Company is a separate legal entity different from its members. So, its affairs are generally done by Board of Directors. The Board of directors provides a road map within its limited power for the p...

Dividend: As per Section 2(35) of Companies Act, 2013 defines the term as including any interim dividend. Dividend is basically the share of profit distributed among shareholders. Ordinary meaning of...

The Central Government in consultation with the Institute of Chartered Accountants of India, constituted under the Chartered Accountants Act, 1949 (38 of 1949) came up with the Companies (Auditor’s Re...

In this Article we have compiled depreciation rates Under Companies Act 2013 under Written Down Value (WDV) Method and as per Straight Lime method (SLM). We have also compiled Changes to Schedule II-...

The MCA has issued Companies (Auditor’s Report) Order,2015. It shall come into force on the date of its publication in the Official Gazette. [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PAR...

File No. 5/3/13-CL.V Government of India Ministry of Corporate Affairs General Circular No. 06/2015 Dated 9th April, 2015 Subject: Clarification under sub-section (7) of section 186 of the Companies A...

F. No. 1/5/2013-CL-V Government of India Ministry of Corporate Affairs General Circular No. 07/2015 Dated: 10th April, 2015 Subject: Remuneration to managerial person under Schedule XIII of the Compan...

Apr 11, 2015 MCA vide order dated 10th April, 2015 in suppression of Companies (Auditor's Report) Order, 2015 has issued Companies (Auditor's Report) Order, 2015 and it shall be applicable to the foll...