DISSECTING THE DEPOSITS UNDER THE COMPANIES ACT, 2013

The Author made an attempt to simplify the understanding of the concept of Deposits under the Companies Act, 2013.

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S. 59 of IBC and Voluntary Liquidation under Companies Act

The Hon’ble NCLAT has held that the jurisdiction exercised by the Adjudicating Authority is vested in it and cannot be termed improper. Despite being of the view that the claim initially left out by the Respondent No.1 was payable, the Liquidator proceeded to reject the same without any justifiable reason which cannot be supported.

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ECONOMICS OF CSR: A GLOBAL PERSPECTIVE AND ANALYSIS OF INDIA

While everyone agrees that businesses are an integral and the most binding factor of the economy, there emerged multiple opinions as to the extent of responsibility of businesses. Do the businesses have responsibility beyond merely complying with laws? Do businesses have any additional moral or social obligation to commit resources to the welfare of society?

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COMPANIES FRESH START SCHEME, 2020

Frequently Asked Questions on Companies Fresh Start Scheme, 2020

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E-Form DIR-3KYC – Annual Filing

E-Form DIR-3KYC – Annual Filing The Ministry of Corporate Affairs introduced the e-Form DIR-3KYC whereby “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial

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SIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA

SIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA   [sg_popup id=”347″ event=”hover”][/sg_popup] The Ministry of Corporate Affairs (MCA) notified rules for determining Significant Beneficial Ownership in a Company with an aim to tackle shell companies and eliminate the same. This is not an initiative from the MCA, but globally this was felt as

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SECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017:

SECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017: BACKGROUND As we are already aware, Government of India enacted Companies (Amendment) Act, 2017 (“Amendment Act”) on the suggestions made by Company Law Committee (CLC) and notified the same in the official gazette on May 7, 2018 to

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MCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013

MCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs (MCA), vide its notification dated December 18, 2018, issued the Companies (Incorporation) Fourth Amendment Rules, 2018 to insert the following three Rules: Rule 23A – Declaration at the time of commencement of business

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PRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS

PRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS The two concepts of private placement and preferential allotment seem to be similar and we end up landing in confusion. Companies fulfil their funding requirements through various ways, it may be through raising of fund by way of loans or it may opt for issue of equity shares,

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NFRA: AUDIT SUPER REGULATOR – A QUICK GLANCE THROUGH THE RULES

NFRA: AUDIT SUPER REGULATOR – A QUICK GLANCE THROUGH THE RULES Here ends the wait of 5 long years which kept the entire corporate world, in general and the audit firms, in particular anxious and curious. National Financial Reporting NFRA (NFRA) is constituted with effect from October 1, 2018 and sub-sections (2), (4), (5), (10),

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