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Articles Category : Corporate Law
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 | Comments : 2 | Hits : 705

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 | Comments : 0 | Hits : 705

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 | Comments : 0 | Hits : 316

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 | Comments : 0 | Hits : 791

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 | Comments : 0 | Hits : 760

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 | Comments : 0 | Hits : 725

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 | Comments : 0 | Hits : 2022

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 | Comments : 0 | Hits : 744

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 | Comments : 0 | Hits : 573

PROVISIONS FOR AUDITOR AND ABOUT AUDIT IN NEW COMPANIES BILL
Posted Date : 19-Aug-2013 , 01:31:40 pm | Posted By CA GOURAV MURARKA

APPOINTMENT OF AUDITOR: Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting....

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Category : Corporate Law | Comments : 1 | Hits : 1418

How To Incorporate a Corporate Entity in India?
Posted Date : 10-Aug-2013 , 12:38:27 pm | Posted By Vinay Sharma

A corporate entity in India is governed by provisions of The Companies Act 1956 (The Act). The Act permits primarily two kinds of Companies –   a) Private limited Company b) Public limited Company   Both are companies with limited liabilities; owned by shareholders & gove...

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Category : Corporate Law | Comments : 0 | Hits : 1288

Important Features Of The Companies Bill, 2012
Posted Date : 09-Aug-2013 , 11:41:06 am | Posted By Vinay Sharma

Important Features Of The Companies Bill, 2012   The Parliament has passed the historic Companies Bill 2012, moved by Shri Sachin Pilot, Minister of Corporate Affairs. The Bill was passed by the Rajya Sabha here today which had already been passed by the Lok Sabha many months ago (in December...

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Category : Corporate Law | Comments : 0 | Hits : 458

RECENT SEBI NORMS FOR BUY BACK OF SHARES
Posted Date : 29-Jun-2013 , 08:07:56 pm | Posted By CA Ramesh K Chhajer

Securities market regulator SEBI in a board meeting on Tuesday decided to tighten corporate share buyback norms and increase disclosure norms for preferential issues, and came up with guidelines for angel funds as part of forming alternative investment fund regulations.   It also approved the...

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Category : Corporate Law | Comments : 0 | Hits : 316

Legal Requirements for Formation of A Hindu Undivided Family (HUF) :-
Posted Date : 20-Jun-2013 , 02:40:35 pm | Posted By Vikash Kumar Jha

Legal Requirements for Formation of A Hindu Undivided Family (HUF) :- 1) CAPITAL & MEMBERS : – For A HUF to be created , major requirements are the capital and persons. Capital can be in the form of ancestral property, assets gifted by relatives and friends, or received by the HUF thro...

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Category : Corporate Law | Comments : 0 | Hits : 442

COUNCIL GUIDELINES FOR CONVERSION OF CA FIRMS INTO LLPs
Posted Date : 17-Jun-2013 , 06:58:49 pm | Posted By Gaurav Dhamija

The Institute of Chartered Accountants of India has finally issued guidelines for conversion of CA firms into LLPs and constitution of separate LLPs by the practicing Chartered Accountants in the decision dated 14 July, 2011, which are applicable for conversion of CA firms into LLPs or formation of ...

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Category : Corporate Law | Comments : 0 | Hits : 489

File Your Roc Returns Before You Get Notice From MCA
Posted Date : 16-Jun-2013 , 02:13:39 pm | Posted By Vinay Sharma

File Your Roc Returns Before You Get Notice From MCA   File Your ROC Returns Before You Get Notice from MCA. Recently Ministry of Corporate Affairs (MCA) is inquiring by sending notices to companies, as to  whether a company is still continuing its business operation or not.&nbs...

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Category : Corporate Law | Comments : 0 | Hits : 921

ROC / MCA Fees rate Chart for Filing of Forms
Posted Date : 16-Jun-2013 , 09:09:46 am | Posted By Vimmi

As we all know MCA has increasedadditional fee to be levied for delays in filing Forms other than Form 5 wef 05.12.2010 vide General Circular No: 4/2010, Dated the 22nd November, 2010.   Rate of Additional Fees for delay in Filing of ROC forms is as follows :-   Period ...

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Category : Corporate Law | Comments : 1 | Hits : 3337

List of Exchange Control Manual Forms
Posted Date : 11-Jun-2013 , 05:30:05 pm | Posted By Gaurav Dhamija

  Form  Index Title  A1-ACU Payment through Asian Clearing Union (Imports) A1-FC Remittance in Foreign Currency (Imports) A1-NRB Transfer of Rupees to the Account of a Non-resident Bank (Imports) A2 Remittance...

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Category : Corporate Law | Comments : 0 | Hits : 302

List of Useful forms for LLP
Posted Date : 11-Jun-2013 , 05:26:08 pm | Posted By Gaurav Dhamija

  Description  e-Form with Instruction kit  Application for reservation or change of name Form 1 Incorporation document and subscriber’s statement Form 2 Details in respect of designated partners and part...

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Category : Corporate Law | Comments : 0 | Hits : 471

Liabilities of The Members in the Event of Winding Up of a Company:-
Posted Date : 11-Jun-2013 , 12:31:50 pm | Posted By Vikash Kumar Jha

Liabilities of The Members in the Event of Winding Up of   a Company:- As per the section 426 of the Company Act 1956, in the event of winding up of a company every present and past members shall be liable to contribute to the assets of the company to a sufficient amount: - &nbs...

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Category : Corporate Law | Comments : 0 | Hits : 418

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