COMPANY LAW Applicability of Cash Flow Statement, CARO (2016 & 2020) & Internal Financial Control Applicability of Cash Flow Statement: – According to Section 2(40) of Companies Act, 2013, The Financial statements of a company include Cash Flow Statement. Cash Flow Statement is governed by The Companies (Accounting Standards) Rules, 2006 (AS 3) and The … Read More →
COMPANY LAW: Benefits of MSME cum GeM Registered Business in India: MSME cum GeM Registered Business in India play an important role in building Self Reliant India. Based on recommendation of the Group of Secretaries, the Hon’ble Prime Minister of India decided to set up dedicated e-marketplace for different goods and services businesses in India. … Read More →
COMPANY LAW: Highlights of Speech by FM Dated 13.05.2020 – Covid-19 Highlights of Speech by Finance Minister Dated 13.05.2020 in the Matter of Covid-19 Central Armed Police Forces (CAPFs) canteens to sell only indigenous products from 1st June, 2020; The economic package aims to spur growth and make India self-reliant based on 5 pillars- Economy, … Read More →
COMPANY LAW Conversion from Public to Private Company under Companies Act, 2013 Introduction: As per the Companies Act, 2013 mainly there are two types of companies: -Private Company -Public Company Private Company is defined in section 2(68) of the Companies Act, 2013 “is a business company owned either by non-governmental organizations or by a relatively … Read More →
COMPANY LAW Types of Companies under Companies Act, 2013 INTRODUCTION: The article aims to elaborate each type of Company as governed under Companies Act, 2013 (CA, 2013). The Act provides for types of companies that can be promoted and registered under the Act. Firstly what does company mean? As per section 2(20) of the CA, … Read More →
COMPANY LAW Compliance Calendar for Public Companies for FY 2020-2021 under Companies Act, 2013 Table below contains Compliance Calendar for the Public Companies for the financial year (FY) 2020-2021 (April 01, 2020- March 31, 2021) under Companies Act, 2013 and explains when and which Company Law Form Needs to be submitted with ROC, Section under … Read More →
COMPANY LAW Share Transfer under Companies Act, 2013 Share transfer means transfer of ownership rights in shares from one person to another. Though the securities or other interest of any member in a public company shall be freely transferable, such transfer mandatorily involves the Compliance of Companies Act, 2013 and the Indian Stamp Act. The … Read More →
COMPANY LAW 8 Special Measures under Companies Act, 2013 & LLP Act No additional fee: No Additional Fee shall be charged for late filing during a moratorium period from 01st April to 30th September 2020, in respect of any document, return, statement etc., required to be filed in the MCA-21 Registry. (MCA may come with … Read More →
COMPANY LAW Appointment of Independent Director in Public Company Appointment of an Independent Director Call and convene meeting of Nomination and Remuneration Committee. The Nomination and Remuneration Committee of the Company shall with a due diligence select and recommend an Individual to be appointed as an Independent Director after ensuring that there is appropriate balance … Read More →
COMPANY LAW Restrictions on loans given by Nidhi Companies With the increase in demand of credit in the country, the Ministry of Corporate Affairs came up with the concept of Nidhi Company wherein the word Nidhi means ‘treasure’ with the object of cultivating the habit of thrift and saving amongst its members, receiving deposits from, … Read More →