Section 143 Powers & Duties of Auditor under Companies Act, 2013
Posted Date : 07-Jan-2015 , 03:57:50 pm | Posted By
Anjana
Section 143 Powers and Duties of auditors and auditing standards (Relevant Rule 11, 12, 13 of The Companies (Audit and Auditors) Rules, 2014)
Auditor have right to access – books of accounts and vouchers of the co. and all its subsidiaries, if any, in relation to Consolidation of F.st. - ...
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Category : Corporate Law |
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LOOPHOLE IN SEC 139(2) NEEDS TO BE PLUGGED
Posted Date : 21-Nov-2014 , 10:38:04 pm | Posted By
Hemant
LOOPHOLE IN SECTION 139 OF THE COMPANIES ACT, 2013
The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part of the erstwhile Companies Act. The noble int...
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Category : Corporate Law |
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NACAS vis-a-vis NFRA
Posted Date : 12-Nov-2014 , 09:17:59 am | Posted By
Hemant
NACAS OF COMPANIES ACT 1956 Vis-à-vis NFRA OF COMPANIES ACT 2013 (National Advisory Committee on Accounting Standard vis-à-vis National Financial Reporting Authority) As a corporate professional one should be equipped with the knowledge of the bodies set up under the company la...
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Category : Corporate Law |
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Latest News on Auditor Appointed & Correction Procedure
Posted Date : 05-Nov-2014 , 10:23:07 am | Posted By
Abhishek Kumar
Hello Professionals,
As we know there have been continuous going changes in Compliance of Co Act 2013. This time MCA has done before some days by" NOTIFYING" Form ADT-1 for Auditor’s Appointment w.e.f. 20th October 2014.
Earlier we were submitting Form GNL- 2 for Auditor&rs...
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Category : Corporate Law |
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List of resolutions to be filled in MGT-14
Posted Date : 12-Oct-2014 , 08:45:35 pm | Posted By
CA. KUMAR ASHUTOSH
*Form MGT-14 requires filing for following below mention Resolutions:*<a href="http://www.shopfifa15.co.uk/">Shop FIFA 15</a>
1. Section- 8: For a company...
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Category : Corporate Law |
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Related Party Transaction under New Regime
Posted Date : 04-Oct-2014 , 02:53:27 pm | Posted By
Ankit Mangla
Related Party Transaction under New Regime Requirement of the Companies Act, 2013
A.Following are the Related parties as per section 2(76)
i. Director / Key Managerial Personnel and their Relatives
ii. Firm in which Director or Manager or relative is a partner
iii. Private limited com...
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Category : Corporate Law |
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Companies (Appointment & Qualification of Directors) Amendment Rules, 2014
Posted Date : 23-Sep-2014 , 10:22:48 pm | Posted By
Nimisha
The Ministry of Corporate Affairs has issued a notification w.r.t. Companies (Appointment & Qualification of Directors) Amendment Rules, 2014 dated 18th September, 2014. The effect of the amendment made in Companies (Appointment & Qualification of Directors) Rules, 2014 are as follows:
&nbs...
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Category : Corporate Law |
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Article on Right issue of shares under Companies Act-2013
Posted Date : 12-Sep-2014 , 08:48:23 pm | Posted By
Csdiveshgoyal
PROCESS TO RAISE CAPITAL FOR UNLISTED COMPANIES UNDER NEW COMPANIES ACT-2013, GOYAL DIVESH & ASSOCIATES
1. PROCEDURE FOR ALLOTMENT OF RIGHT ISSUE OF SHARES:
Call a Board meeting by issue notice of meeting. (Draft Format Attached)
Approve right issue including "letter ...
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Category : Corporate Law |
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PROCESS FOR DORMANT COMPANY
Posted Date : 05-Sep-2014 , 05:41:37 pm | Posted By
CA. KUMAR ASHUTOSH
PROCESS TO GET STATUS OF DORMANT UNDER COMPANY ACT- 2013
Section-455 of Companies Act, 2013 talks about a New Provision Calls “DORMANT COMPANY”. This concept was not there in Companies Act, 2013. Another Name of this concept by Professionals is “ASSET SHIELDING CONCEP...
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Category : Corporate Law |
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E-Voting as per Companies Act 2013
Posted Date : 08-Jul-2014 , 04:35:22 am | Posted By
Kashif Ali
E-VOTING AS PER COMPANIES ACT 2013
General meetings of companies are held at their registered offices and it is not possible for every member specially a members holding minor shares to travel upto the registered office of the company and participate in the general meeting of the company. &n...
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Category : Corporate Law |
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Converting A Company Into A LLP
Posted Date : 29-May-2014 , 01:51:59 pm | Posted By
Gaurav Mittal
Converting A Company Into A LLP
YOUR KNOW HOW ON HOW TO CONVERT A COMPANY INTO A LLP
With the mammoth number of provisions, penalties, statutory compliances and various restrictions imposed on the Private Limited Companies it is now advisable to form a LLP instead of a company and to con...
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Category : Corporate Law |
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Resolutions and Agreements to be filed with ROC - Companies Act 2013
Posted Date : 26-May-2014 , 04:03:48 pm | Posted By
CA GOURAV MURARKA
Dear Friends,
The Companies Act 1956 required certain resolutions and agreements to be registered with ROC in e-form 23 within 30 days from the date of passing or entering into it. Section 192 was the relevant section under the Companies Act 1956, which required the following resoluti...
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Category : Corporate Law |
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Penalties on Auditors under New Companies Act 2013 (Section 147)
Posted Date : 20-Apr-2014 , 09:24:47 am | Posted By
Vimmi
If the auditor has contravened any of his duties, he shall be punishable as below:
• required to refund the remuneration
• pay damages to the company, statutory bodies/authorities or any other person for losses arising as a result of incorrect or misleading statements in his au...
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Category : Corporate Law |
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Companies Act: Roaring time for small investors
Posted Date : 15-Apr-2014 , 08:15:43 am | Posted By
May I Help You.
Can a corporate fraud, such as the one unearthed at Satyam Computer Services, have a positive outcome for investors? The answer is yes. The scam’s magnitude and the delay in detecting it had the regulators sit up and take notice.
The new Companies Act 2013, which has taken effect from Apr...
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Category : Corporate Law |
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Companies Acceptance of Deposit Rules
Posted Date : 04-Apr-2014 , 09:46:53 am | Posted By
Namrata
Companies Acceptance of Deposit (Section 73 to Section 76 of the companies Act 2013)
283 sections of the Companies Act 2013 have been made effective now. Private Companies have also been brought under the purview of the compliances of Companies Act 2013. Earlier private companies were allowed to ...
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Category : Corporate Law |
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New Forms on MCA
Posted Date : 03-Apr-2014 , 11:40:26 am | Posted By
CA GOURAV MURARKA
39 new forms from 14/04/2014 plz read the same
First new form name is given then its purpose is mentioned and corresponding old forms details which we use to file
1. INC-1 Application for reservation of name – old form 1A
2. &...
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Category : Corporate Law |
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Independent Directors- Under the Companies Act, 2013
Posted Date : 25-Feb-2014 , 08:58:53 am | Posted By
Vimmi
In India, the gravity of Independent Directors (referred as “ID’s”) was recognized with the introduction of corporate governance. The Companies Act, 1956 (referred as “the Act, 1956”) do not directly talks about ID’s, as no such provision exists regarding the comp...
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Category : Corporate Law |
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INFORMATION AND STATISTICS (Companies Act, 2013)
Posted Date : 24-Jan-2014 , 01:03:18 pm | Posted By
Dulichand Kushwaha
POWER OF CENTRAL GOVERNMENT TO DIRECT COMPANIES TO FURNISH INFORMATION OR STATISTICS (SECTION 405):
The Central Government may by order companies generally or any company or class of company to furnish any information or statistic with regard to constitution or working of the company within...
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Category : Corporate Law |
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NIDHI COMPANIES (Companies Act, 2013)
Posted Date : 24-Jan-2014 , 12:57:40 pm | Posted By
Dulichand Kushwaha
Section 406 deals with Nidhi companies.
“Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and whi...
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Category : Corporate Law |
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SPECIAL COURTS AND MEDIATION & CONCILIATION PENAL (Companies Act, 2013)
Posted Date : 24-Jan-2014 , 12:37:50 pm | Posted By
Dulichand Kushwaha
ESTABLISH OF SPECIAL COURT (SECTION 435):
The Central Government may for the purpose of providing speedy trial of offences under this Act, by notification establish or designate Special Courts.
A Special Court shall consist of a single judge appointed by the Central Government. The...
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Category : Corporate Law |
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