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Amounts received by private companies from their members, directors or their relatives before 1st April, 2014 will not be treated as deposit
General Circular No. 5 dated 30-3-2015 After the notification of section 73 & 74 of the Companies Act 2013 there was huge uncertainty among the Corporates specifically private companies as to whether...
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Process for making application with CLB for extension of time period for repayment of Deposit under Companies Act, 2013
Process Of Filling Of Application With Company Law Board For Extension For Time Of Repayment Of Deposit REPAYMENT OF DEPOSIT: As per Section 74(1)(b) Every company which have deposit as on 1st April,...
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FAQs on Fast Track Exit Scheme
With the advent of Companies Act, 2013, the compliances of Companies have increased especially in case of Private Companies. Many people who have incorporated companies but are not doing any business...
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Benefits available to small companies under Companies Act, 2013
There are two categories of Private Limited Company for compliances purpose: A. Small Company B. Non- Small Company SMALL COMPANY: Let’s first discuss what is Small Company: INTRODUCTION: The concept...
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Amendment of Company Law Board Regulation 1991 : Extension of time to repay deposits by Companies
F. No. 10/36/2001-CLB GOVERNMENT OF INDIA Company Law Board Ministry of Corporate Affairs Paryavaran Bhawan, 3rd Floor, B-Wing. Lodhi Road, New Delhi 110003. Dated 28th January, 2015 ORDER In exercise...
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Companies Act, 2013 and Auditing Check list
1) RESOLUTION: As per section 117 every Company shall file resolution and agreement with ROC in MGT-14 within 30 days from the date passing of such resolution. We can divide in four category of such r...
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Analysis of E-Voting Rules
Comparative Analysis of E-Voting Rules – Old Vs New Particulars Old Rule 20 New Rule 20 Remarks Applicability Earlier, the provisions of Rule 20 were applicable from April 1, 2014 but MCA vide circula...
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Repayment of Deposits on or before 31.03.2015 in case of Private Companies
As the month of March is on its end, most of the companies which have taken loan earlier under the companies act 1956 and have filed DPT-4 in this Financial year declaring that the companies has such...
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Analysis of Section 74 of Companies Act, 2013 in the context of Private Companies
Section 74- Contrary view on Loan taken before 31.03.2014 Section 74- Contrary view on Loan taken before 31.03.2014 from directors, their relatives and members of a private company including the amoun...
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Companies Act, 2013 and Punishment to auditors
A. Contravention of Provision of Section 139-146: (Attendance in General Meeting): If any provisions of this Section contravene then: Penalty on Company: The company shall be punishable with fine whic...
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Time and Venue of Meetings under Companies Act 2013
1. Annual general meeting (Section 96) : Time of Meeting : Every AGM shall be called during business hours, i.e., between 9 a.m to 6 p.m on any day that is not a National holiday. Venue of Meeting: It...
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Companies (Share Capital and Debentures) Amendment Rules, 2015 –Analysis
1. IntroductionMinistry tweaks Companies (Share Capital and Debenture) Rules, 2014 with an intent to further the ease of doing business which is much welcomed by the industry. Positive relaxations in...
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E Voting Process Revamped
Companies (Management and Administration) Amendment Rules, 2015Ministry comes out with extensively revamping the process of E-voting in General Meeting (GM) by substituting Rule 20 of Companies (Manag...
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Appointment of Women Directors Listed Companies: Time Limit 31.03.2015
Appointment of Women Directors – compliance with clause 49 (II) (A) (1) of Listing agreement and Section 149 of Companies Act, 2013 As you are well aware that SEBI vide its circular dated 17th April,...
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Voting though electronic means -MCA notifies revised Rules
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION Date- 19th March, 2015 G.S.R. (E).- In exercise of the powers conferred by section 108 read with sub-sections (1) and (2) of section 469...
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Companies (Share Capital and Debentures) Amendment Rules, 2015
Government of India Ministry of Corporate Affairs Notification Dated 18th March, 2015 G.S.R. (E).- In exercise of the powers conferred under sub-clause (ii) of clause (a) of section 43, sub-clause (d)...
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Analysis of Recent Amendments by MCA
MCA vide various notifications has amended rules under the Companies Act 2013. The details of the amendment is outlined below: 1. Amendment in the Companies (Meetings of Board and its Powers) Rules, 2...
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Clarification relating to filing of e-form DIR-11 & DIR-12 under the Companies Act, 2013
MCA vide General Circular No. 3/2015 dated 3rd March, 2015 has issued clarification after receiving representations from stakeholders regarding difficulties faced due to deactivation of Digital signat...
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Clarification with regard to loans and/or advances to employees made u/s 185 & 186 of the Act
MCA vide General Circular No. 04/2015 dated 10th March, 2015 has issued clarification regarding applicability of provisions of section 186 of the Companies Act, 2013 relating to grant of loans and adv...
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MCA introduces Form GNL-4 for filing addendum for rectification of defects or incompleteness
MCA vide notification dated 24th February, 2015 has made amendment in Companies (Registration Offices and Fees) Rules, 2014 through Companies (Registration Offices and Fees) Amendment Rules, 2015 and...