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 : 1392

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 : 1276

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 : 453

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 : 294

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 : 418

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 : 483

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 : 909

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 : 3332

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 : 297

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 : 467

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 : 398

Posted Date : 28-May-2013 , 04:43:36 pm | Posted By Vikash Kumar Jha

The registration of LLP has been made compulsory under the Act. A LLP has to register itself with the Registrar of Companies (“ROC”). Following are the main steps while incorporating a LLP:   1.       LLP requires at least 2 Designated Partners (...

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Category : Corporate Law | Comments : 0 | Hits : 329

Posted Date : 28-May-2013 , 01:13:46 pm | Posted By Vikash Kumar Jha

Benefits Under the Scheme of ESIC       An interesting feature of the ESI Scheme is that the contributions are related to the paying capacity as a fixed percentage of the workers’ wages, whereas, they are provided social security benefits accord...

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Category : Corporate Law | Comments : 0 | Hits : 297

Posted Date : 23-May-2013 , 06:58:09 pm | Posted By Vikash Kumar Jha

These docu required to submit with the performa of coverage for EPF and ESIC along with list of employees.  1. A copy of Memorandum and Articles of Association and the certificate of incorporation issued by the Registrar of Companies, in the case of Public and Private Ltd. Companies....

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Category : Corporate Law | Comments : 0 | Hits : 721

Posted Date : 21-May-2013 , 02:45:21 pm | Posted By Rohit Gattani

Topics to be discussed:- 1.      Reasons for payment of compensation 2.      Compensation to whom 3.      Amount of compensation 4.      Prohibition of compensation   1.   ...

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Category : Corporate Law | Comments : 0 | Hits : 272

Posted Date : 08-Mar-2013 , 05:17:07 pm | Posted By CA Swati Acharya

  Announcement Revision in the criteria for classifying Level II non-corporate entities 1. The Council of the Institute with a view to harmonise the differences between the Accounting Standards issued by the ICAI and the Accounting Standards notified by the Central Government und...

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Category : Corporate Law | Comments : 0 | Hits : 283

Posted Date : 06-Mar-2013 , 06:30:15 pm | Posted By CA Swati Acharya

  SME’s IPO Definitions (a) “Main Board” means a recognized stock exchange having nationwide trading terminals, other than SME exchange; (b) “nominated investor” means a qualified institutional buyer or private equity fund, who enters int...

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Category : Corporate Law | Comments : 0 | Hits : 663

Posted Date : 25-Feb-2013 , 05:28:23 pm | Posted By CA Anil Kumar Jain

  INTRODUCTION   Copyright is a legal term refers to protecting a creator’s work. It is a type of intellectual property that provides exclusive publication, distribution, and usage rights for the creator. This means whatever content is created cannot be used or publish...

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Category : Corporate Law | Comments : 0 | Hits : 510

Posted Date : 22-Feb-2013 , 04:52:42 pm | Posted By Vinay Sharma

What is XBRL?   XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business in...

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Category : Corporate Law | Comments : 1 | Hits : 673

Posted Date : 15-Feb-2013 , 01:44:56 pm | Posted By Vinay Sharma

The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006. As such, all the existing and intending Directors have to obtain DIN within the prescribed time-frame as ...

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Category : Corporate Law | Comments : 0 | Hits : 2095