REGISTRATION OFFICES AND FEES (Companies Act, 2013)
Posted Date : 21-Jan-2014 , 12:15:48 pm | Posted By
Dulichand Kushwaha
REGISTRATION OFFICES (SECTION 396):
For exercising powers and discharging functions conferred on the Central Government under this Act, the Central Government shall by notification establish such number of offices at such places as it thinks fit, specifying their jurisdiction.
The ...
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Category : Corporate Law |
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Five key points about India
Posted Date : 17-Jan-2014 , 08:37:41 am | Posted By
Surendra Kumar Dash
The five key points that all companies must know if they have business interests in India are as follows
1. What is the 2 per cent requirement?
The act requires that companies set up a CSR board committee, which must consist of at least three directors, one of whom must...
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Category : Corporate Law |
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REGISTERED VALUERS AND VALUATION (Companies Act, 2013)
Posted Date : 16-Jan-2014 , 03:25:27 pm | Posted By
Dulichand Kushwaha
REGISTERED VALUERS (SECTION 247):
Where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities, goodwill, or any other assets or any liability or net worth of a company, it shall be valued by a Registered Valuer and appointed by the Audit committee o...
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Category : Corporate Law |
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CONSTITUTION OF NATIONAL COMPANY LAW TRIBUNAL (Companies Act, 2013)
Posted Date : 16-Jan-2014 , 03:19:16 pm | Posted By
Dulichand Kushwaha
DEFINITIONS (SECTION 407):
These definitions are self explanatory. There are two classes of members to the National Company Law Tribunal; Judicial Members and Technical Members. The Tribunal shall be headed by the President while the Appellate Tribunal by Chairperson.
CONSTITUTION OF...
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Category : Corporate Law |
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ONE PERSON COMPANY
Posted Date : 15-Jan-2014 , 12:42:22 pm | Posted By
MOHIT KUMAR
Background of this concept :-
First of all In 2004 Govt. constituted Expert Committee under the chairmanship of Dr. JJ Irani for the recommendation on company Law matters .One of recommendation was recognition of OPC in our New Company Law Bill . That Committee had considered various ...
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Category : Corporate Law |
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LOAN TO DIRECTORS (AS PER COMPANIES ACT 2013)
Posted Date : 13-Jan-2014 , 02:14:56 pm | Posted By
Surendra Kumar Dash
LOAN TO DIRECTORS (AS PER COMPANIES ACT 2013)
Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 replaces the old section 295 of the Companies Act, 1956 which provides for loans to directors.
This section now applies to all companies includi...
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Category : Corporate Law |
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BOOKS OF ACCOUNTS (Companies Act, 2013
Posted Date : 11-Jan-2014 , 07:20:44 pm | Posted By
Dulichand Kushwaha
The Financial Statements of a company is most important document until recent past, when non – financial reporting started to gain its momentum. This is a reporting of growth in business in monetary units.
BOOK OF ACCOUNTS (SECTION 128):
Every company shall prepare an...
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Category : Corporate Law |
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RESOLUTION, MINUTES AND REPORT (Companies Act, 2013)
Posted Date : 11-Jan-2014 , 07:14:13 pm | Posted By
Dulichand Kushwaha
RESOLUTION (SECTIONS 114):
The Companies Act, 2013 does not define resolution. Resolution is a formal statement of a decision or expression of opinion put before or adopted by an assembly. This may be ordinary resolution or special resolution.
Ordinary Resolution:
Where proper not...
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Category : Corporate Law |
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PROXIES, VOTES AND POLLING (Companies Act, 2013)
Posted Date : 11-Jan-2014 , 07:12:46 pm | Posted By
Dulichand Kushwaha
Proxies are one of the beauties of corporate legislations. Proxies have their important in corporate decision making through voting and polls.
PROXIES (SECTION 105):
Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another...
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Category : Corporate Law |
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PREPARING GENERAL MEETING (Companies Act, 2013)
Posted Date : 11-Jan-2014 , 07:11:45 pm | Posted By
Dulichand Kushwaha
NOTICE OF MEETING (SECTION 101):
A General meeting of a company may be called by giving not less than clear twenty – one days’ notice either in writing (i.e. in paper form) or through electronic mode.
If consent is given in writing or by electronic mode by not less than...
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Category : Corporate Law |
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GENERAL MEETINGS (companies act, 2013)
Posted Date : 11-Jan-2014 , 07:10:06 pm | Posted By
Dulichand Kushwaha
A company may have many kinds of meetings; general meetings are one among them. In very simple terms, a meeting of general body may be called general meeting. General meeting comprises of all general members of an organisation that is company in our case.
A general meeting may be Annual...
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Category : Corporate Law |
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ISSUES RELATED TO MANAGERIAL REMUNERATION (Companies Act, 2013)
Posted Date : 10-Jan-2014 , 06:51:30 pm | Posted By
Dulichand Kushwaha
CALCULATION OF PROFIT (SECTION 198):
In computing the net profit of a company in any financial year credit shall be given for:
(a) bounties; and
(b) subsidies received from any Government;
received from any government or public authorities un...
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Category : Corporate Law |
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REMOVAL OF NAME OF COMPANIES (Companies Act 2013)
Posted Date : 10-Jan-2014 , 06:48:54 pm | Posted By
Dulichand Kushwaha
Life always started to death. Company can be created and wind up. Sometimes, Idea of a company conceives, but fail to take life.
POWER OF REGISTRAR TO REMOVE NAME (SECTION 248):
Notice for Removal of Name by the Registrar:
The Registrar may send a notice to the company and all its director ...
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Category : Corporate Law |
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FOREIGN COMPANIES: CAPITAL AND OTHER MATTERS (Companies Act, 2013)
Posted Date : 10-Jan-2014 , 06:46:28 pm | Posted By
Dulichand Kushwaha
PROSPECTUS OF FOREIGN COMPANY (SECTION 387):
This provision is applicable to foreign companies, and there is no difference whether the company has or has not established or when formed will or will not establish a place of business in India. No person shall issue, circulate or distribute in...
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Category : Corporate Law |
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Steps to Start a Sole Proprietorship
Posted Date : 09-Jan-2014 , 09:31:30 pm | Posted By
Surendra Kumar Dash
Steps to Start a Sole Proprietorship
Starting a sole proprietorship is very simple as compare to other form of companies.
Unlike to LLP or any other private or public companies; in sole proprietorship you do not need to file an application to ROC.
If we consider ...
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Category : Corporate Law |
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Registration in Employee Provident Fund
Posted Date : 01-Dec-2013 , 11:24:51 pm | Posted By
Sagar Gupta
REGISTRATION UNDER EMPLOYEES’ PROVIDENT FUNDS
Provident Fund scheme was started by few concerns even before the enactment of the act. The government in 1952 framed this act for the benefit and welfare of the employees. This act is applicable to employees drawing pay not more than Rs. ...
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Category : Corporate Law |
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EMPLOYEES
Posted Date : 29-Nov-2013 , 07:08:58 pm | Posted By
Sagar Gupta
EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952
Provident Fund scheme was started by few concerns even before the enactment of the act. The government in 1952 framed this act for the benefit and welfare of the employees. This act is applicable to employees drawing pay not mo...
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Category : Corporate Law |
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Loans to Directors/Group Companies under the provisions of Companies Act 2013
Posted Date : 20-Nov-2013 , 12:17:11 pm | Posted By
Arun Bhatia
Note on Loans/Advances to Directors of a Company or to entities in which such directors are interested covered under section 185 of the Companies Act 2013 with effect from 12/09/2013
1. With effect from 12/09/2013, no Company (including a Private Company)...
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Category : Corporate Law |
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CONSITUTION OF NATIONAL FINANCIAL REPORTING AUTHORITY: A NEW
Posted Date : 05-Nov-2013 , 06:32:16 pm | Posted By
Manoj Lamba
CONSITUTION OF NATIONAL FINANCIAL REPORTING AUTHORITY: A NEW ACCOUNTING & AUDITING REGULATOR
(Section 132 of Companies Act-2013)
Who will constitute NFRA ?
The Central Government may, by notification, constitute a National Financial Reporting Authority to provide for matters...
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Category : Corporate Law |
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Penal Provisions for financial fraud under the Companies Bill 2012
Posted Date : 28-Aug-2013 , 04:52:01 pm | Posted By
SANDIP SARKAR
Punishment for fraudulently inducing persons to invest money
The Companies Bill, 2012 seeks to ensure better corporate governance
. Private placement has been defined to mean “any offer of securities or invitation to subscribe securities to a select group of person by a compa...
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Category : Corporate Law |
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