Company Law

RBI vide its circular no DNBR (PD) CC No.021/03.10.001/2014-15 dated 20th February 2015 issued guidelines on private placement of Non-Convertible Debentures (NCDs) (maturity more than 1 year) by NBFCs...

MCA vide notification dated 16th February 2015 in consultation with National Advisory Committee on Accounting Standards, has issued the Companies (Indian Accounting Standards) Rules, 2015. The gist of...

According to section 2(85), a company may be treated as a ‘small company’ if it meets either of the conditions provided therein i.e. paid-up capital or turnover, thereby making the other limit unrestr...

MCA vide it circular no 2/2015 dated 11th February 2015 has extended the last date of filing Form CRA-2 without any penalty/late fee upto 31st March, 2015. Please take note that form CRA-2 has to be f...

Private companies will no longer have to wait for a certificate of commencement to start business operations. The government has done away with this requirement, taking another step to ease doing busi...

The Company Law Board has vide its order dated 28th January 2015, amended the Company Law Board Regulations 1991. The detail of the said amendment is outlined as below: Amendment in Regulation 4(3) Th...

MCA vide notification dated 19th January 2015 has amended the Companies (Appointment and Qualification of Directors) Rules 2014 and the Companies (Corporate Social Responsibility Policy) Rules 2014. T...

eForm DPT-3- Return of deposits eForm DPT-3 is required to be filed pursuant to rule 16 of the of the Companies (Acceptance of Deposits) Rules, 2014 which are reproduced for your reference. Rule 16: R...

eForm MGT-15 for filing Report on Annual General Meeting eForm MGT-15 is required to be filed pursuant to section 121(1) of the Companies Act, 2013 and Rule 31(2) of Companies (Management and Administ...

Notice of situation or change of situation or discontinuation of situation,of place where foreign register shall be kept eForm MGT-3 is required to be filed pursuant to section 88(4) of the Companies...

Procedure for appointment of Company Secretary under Companies Act, 2013 Definition of Company Secretary: COMPANY SECRETARY: As per Section 2 sub section 24 of Companies Act, 2013 Company Secretary‖ o...

♣ Following are the steps for the calculation of Depreciation on existing Asset: 1. Find out useful life as per new schedule 2. Calculate already expired useful life 3. Difference of above two 4. Take...

Related party transactions (RPT) is one of the important section in Companies Act,2013 which have been in highlight since its notification due to its overwhelming provisions. MCA has issued many circu...

Executive Summary The Ministry of Corporate Affairs (MCA) has issued General Circular No. 04/2015, Dated: 10/03/2015 on the clarification of Loans and Advances to employees under Section 185 and 186 o...

Section 8 of Companies Act, 2013- Formation of companies with charitable objects, etc. OBJECTIVES: Objectives of Company proposed to be formed under this Section should be to promote commerce, art, sc...

Q. Relevant provision of the companies act? As per companies act, 1956 sec 621A was applicable for compounding of offences and as per companies act, 2013 section 441 is applicable. Q. Which offences c...

ALTERATION IN ARTICLE OF ASSOCIATION Section – 13 read with rule 29 of Companies (Incorporation) Rules, 2014 Any Company who is intending to make any change to the Article of Association (AOA) of its...

The Companies needs to ensure Compliance of following provisions during financial year, 2014-15 under New Companies Act, 2013. The below list is not exhausted list and every Company needs to check the...

The only section pertaining to the issue of debentures is section 71 (read with Rule 18 of Companies Share Capital and Debentures Rules,2014). I would like to share the some of important issues I came...

The question that where to use the definition of interested director arises while reading section 174 and 184. Interestingly the term “interested director” is used only once in entire Companies Act an...