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.
Read MoreS. 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.
Read MoreCOMPANIES FRESH START SCHEME, 2020
Frequently Asked Questions on Companies Fresh Start Scheme, 2020
Read MoreSIGNIFICANT 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
Read MoreSECTION 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
Read MoreMCA 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
Read MorePRIVATE 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,
Read MoreNFRA: 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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