COMPANY LAW Declaration and Payment of Dividend under Companies Law SECTION 123 TO 127 OF COMPANIES ACT, 2013 READ WITH THE COMPANIES (DECLARATION AND PAYMENT OF DIVIDEND) RULES, 2014 DIVIDEND- SECTION 2(35) Where in simple words, dividend can be defined as the sum of money paid by a company, to its shareholders, out … Read More →
LLC COMPANY LAW ICAI FAQs on Modified LLP Settlement Scheme, 2020 Revised Frequently Asked Questions on LLP Settlement Scheme, 2020 issued by the Ministry of Corporate Affairs, Government of India on 4th March, 2020 and modified as on 30th March, 2020 The Ministry of Corporate Affairs has provided a one-time opportunity to the LLPs to … Read More →
COMPANY LAW List of 76 forms allowed to be filed under CFSS-2020 & LLPSS-2020 List of 76 forms which can bee filed with MCA under Fresh Start Scheme, 2020 (CFSS -2020) and Modified LLP Settlement Scheme, 2020 (LLPSS-2020) and which are eligible for additional fees waiver. MCA has released a list of 76 forms which … Read More →
COMPANY LAW Remuneration to Non-executive Directors and Independent Directors in case of absence or Inadequacy of Profits One of the major amendment proposed by the Companies (Amendment) Act, 2020 (at present, it is bill) is with regard to remuneration to independent director and non-executive directors in Case of Absence or Inadequacy of Profits. In this … Read More →
COMPANY LAW Valuation by Registered Valuers under IBC, SEBI & Company Law Registered Valuer is a new concept introduced by Section 247 of the Companies Act, 2013 to regulate the valuation of the various assets and liabilities related to a Company and to standardized the procedure of Valuation in line with International Valuation Standards. Before … Read More →
COMPANY LAW Companies Fresh Start Scheme 2020 (CFSS-2020) Companies Fresh Start Scheme, 2020 (CFSS-2020) -The Ministry of corporate affairs issued a scheme known as Companies fresh start Scheme 2020 (CFSS-2020). -This Scheme provides immunity to stakeholders who unable to file specified documents including annual filing to ROCs. -CFSS-2020 also grant immunity for any prosecution or … Read More →
COMPANY LAW LLP Settlement Scheme, 2020: Highlights Introduction The Limited Liability Partnership (LLP) is seen as an alternative corporate business vehicle that gives the advantages of Limited Liability yet permits its individuals the flexibility of sorting out their inward structure as an organization in light of a mutually arrived agreement. Attributable to flexibility in its structure and … Read More →
COMPANY LAW Transfer of shares by way of GIFT: Article explains Key provisions relating to transfer of shares by way of GIFT, Provisions on Transfer of Shares, Procedure for transfer of shares by way of Gift, Documents required to be prepared and Other key provisions relating to the transfer of shares by GIFT. In general … Read More →
COMPANY LAW FAQs on Filing CAR Form With MCA FAQs on filing Form CAR (Company Affirmation of Readiness towards COVID-19) As all of you are aware that Ministry of Corporate Affairs (MCA) issued advisory on preventive measures to contain spread of COVID-19 to all Chairman, Managing Director and Chief Executive Officer. With respect of it, … Read More →
COMPANY LAW Proportional Representation Principle for Appointment of Directors | Section 163: Section 163 – Option to adopt Principle of Proportional Representation for Appointment of Directors (Chapter XI) As per the company’s laws, the appointment of directors in a company is usually done through simple majority by passing a resolution in the General … Read More →