Company Law

Key Managerial Personnel -Section 203 read with rule 8 of Companies (appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL i...

Applicability of Section 185 / 186 of Companies Act, 2013 Section 185 provides for loans to Directors etc. (Corresponds to Section 295 and 296 of the 1956 Act) and Section 186 provides for loans and i...

The Companies Act, 2013 has prescribed a new set of meeting known as exclusive meeting by Independent Directors to assign more responsibility and powers to Independent Directors. However, not much cla...

General Circular No.03/2015 F. No. MCA21/272/2014 Dated: 03rd March 2015 Subject: Clarification relating to filing of e-form D1R-1 1 & D1R-12 under the Companies Act, 2013- regarding. This Ministry ha...

In this write-up, I have discussed the procedure and other things pertaining to buy-back of equity shares of an unlisted public company which is covered under section 68, 69 and 70 of the Companies Ac...

Punishment to Company: If any of the provisions of Sec 139 to Sec 146 is contravened then the company shall be punishable with a fine which shall not be less than Rs. 25,000.00 but which may extend to...

SECTION 148 OF THE COMPANIES ACT 2013- COST AUDIT Where the Central Govt (CG) is of the opinion that the cost records of such class of companies engaged in the production of such goods and providing s...

Buy Back means repurchase by a company of its own shares in order to reduce the number of shares in the market. Buy Buck is exercised either to increase the value of shares or to eliminate the threats...

Statutory Auditor -Services Not to be Rendered, AGM Attendance & Signing Audit Report SEC 144 OF THE COMPANIES ACT 2013 AUDITOR NOT TO RENDER CERTAIN SERVICES A person who is appointed as an auditor o...

Rules Governing the eForm- eForm GNL-4 is required to be filed pursuant to Rule 10 of the Companies (Registration offices and Fees) Rules, 2014 which are reproduced for your reference. Rule 10: Proced...

Report of Board of Directors should be ‘ATTACHED’ to the Balance Sheet laid before the AGM. A directors’ report is intended to explain to shareholders, the company’s affairs, including its subsidiarie...

WHAT IS SECRETARIAL AUDIT?‘ ‘Secretarial Audit’ is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules,...

Form CRA-2- Form of Intimation of appointment of cost auditor by the company to Central Government) Part I – Law(s) Governing the eForm CRA-2 eForm CRA-2 is required to be filed pursuant to section 14...

SEC 143(1) : This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company , whether kept at the regis...

Earlier the Ministry of Corporate Affairs (‘MCA’) had released various e-Forms by the Companies (Registration Offices and Fees) Amendment Rules, 2014 vide Notification No. G.S.R. 297(E) dated 28 April...

With accounting having become the global language of business, the convergence with International Financial Reporting Standard (‘IFRS’) is the need of the hour as an economic imperative for India. The...

The Ministry of Corporate Affairs (‘MCA’) has released the Companies (Removal of Difficulties) Order, 2015 dated 13 February, 2015 to remove the difficulties faced in giving effect to the provisions o...

Section 184 of the Companies Act, 2013 deals with the disclosure of interest by a director. It provides that every director shall at the first meeting of the Board in which he participates as a direct...

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION Date- 24th February, 2015 G.S.R.. (E) .— In exercise of the powers conferred under sub-section (1) of section 123 read with section 469 o...

Government of India Ministry of Corporate Affairs Notification Dated- 24th February, 2015 G.S.R..(E).- In exercise of the powers conferred by sections 396, 398, 399, 403, and section 404, read with su...