Posted Date : 26-Jun-2011 , 02:10:36 am | Posted By Anuradha

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Category : Corporate Law | Comments : 0 | Hits : 2730

Posted Date : 15-Jun-2011 , 10:33:49 am | Posted By Rohit

The Ministry of Corporate Affairs, in supersession of its earlier circular No. 9/2011 dated 31.03.2011, has mandated for following companies to file Balance sheet and Profit and loss Account along with Directors’ and Auditors’ Report for the year 2010·11 onwards by using XBRL t...

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Category : Corporate Law | Comments : 2 | Hits : 1554

Posted Date : 15-Jun-2011 , 10:16:09 am | Posted By Jay Raithatha

  MCA Directs Regional Directors to Initiate Inquiry Against Those Practicing Professionals Who Certified the Particulars Furnished by Listed Companies    The Ministry of Corporate Affairs has directed its Regional Directors to initiate inquiry against those practicing ...

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Category : Corporate Law | Comments : 0 | Hits : 1106

Posted Date : 06-Jun-2011 , 09:33:29 pm | Posted By Anjali Arora

Auditors and company secretaries who have made false or incorrect certification will face penalties, including cancellation of their licences, said an official at the ministry of corporate affairs (MCA).   “The ministry, which has entrusted professionals such as chartered and c...

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Category : Corporate Law | Comments : 2 | Hits : 1133

Posted Date : 05-Jun-2011 , 10:25:48 am | Posted By Avinash Bansal

  Circular issued by Ministry of Corporate of Affairs Dated 01st Jun, 2010 on compliance of provisions of Companies Act, 1956 and Rules made there under (effective from 3rd July, 2011).   If any Companies makes default in submission of their up...

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Category : Corporate Law | Comments : 0 | Hits : 1800

Posted Date : 03-Jun-2011 , 07:01:18 am | Posted By CA. SANAT PYNE

  Introduction: - Directors are agents of the Company in transactions they enter into on behalf of the Company, though they are not agents for individual shareholders or members. A director may be an employee, a servant or even a "worker" of the Company. He occupies the posi...

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Category : Corporate Law | Comments : 0 | Hits : 858

Posted Date : 02-Jun-2011 , 01:36:31 am | Posted By CA. SANAT PYNE

  A company can be closed by adopting the following ways:-   (A) Strike off a company under Section 560 : Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register...

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Category : Corporate Law | Comments : 0 | Hits : 1127

Posted Date : 31-May-2011 , 09:26:18 pm | Posted By CA.Khurana Vivek

1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the sta...

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Category : Corporate Law | Comments : 2 | Hits : 1154

Posted Date : 26-May-2011 , 02:40:24 am | Posted By CA. SANAT PYNE

  What is a Digital Signature Certificate (DSC)? The Information Technology Act, 2000 provides for use of Digital Signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically. This is the only secure a...

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Category : Corporate Law | Comments : 0 | Hits : 833

Posted Date : 24-May-2011 , 06:52:58 am | Posted By CA. SANAT PYNE

  How to Incorporate a New Limited Liability Partnership             A Limited Liability Partnership may be incorporated as per the procedure explained below:   User Registration   Register yourself o...

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Category : Corporate Law | Comments : 0 | Hits : 2290

Posted Date : 24-May-2011 , 05:39:36 am | Posted By CA. SANAT PYNE

  NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP) 1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue i...

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Category : Corporate Law | Comments : 0 | Hits : 1016

Posted Date : 19-May-2011 , 12:56:24 am | Posted By CA. SANAT PYNE

  What is an Annual General Meeting? An Annual General Meeting, commonly referred to as an AGM, is a formal meeting which is held once a year. It is a legal requirement for voluntary organisations that have company status. It is good practice for charities to have an AGM to a...

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Category : Corporate Law | Comments : 0 | Hits : 1154

Posted Date : 18-May-2011 , 06:51:45 am | Posted By CA. SANAT PYNE

  HOW TO  CALCULATE DEPRECIATION FOR ARRIVING AT NET PROFITS FOR PURPOSES OF MANAGERIAL REMUNERATION   1.                 Not that depreciation has to be calculated strictly in accordan...

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Category : Corporate Law | Comments : 0 | Hits : 2503

Posted Date : 12-May-2011 , 04:46:44 am | Posted By Madhu Kiran

The Way to answer the case study   Friends, previously in our exams ICAI use to give “direct question in company law and auditing” like “Explain the main characteristics of the Company?” But now the question paper pattern is totally changed… Now ICA...

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Category : Corporate Law | Comments : 0 | Hits : 1036

Posted Date : 12-May-2011 , 01:05:16 am | Posted By CA. SANAT PYNE

PARTNERSHIP firms to LLP the precondition for conversion for your partnership firm are: * Partnership should be a registered under Indian partnership Act 1932 * All the partners of existing firm should compulsorily become the partners of LLP * Minimum 2 partners as Designated Partners...

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Category : Corporate Law | Comments : 0 | Hits : 680

Posted Date : 12-May-2011 , 01:04:23 am | Posted By CA. SANAT PYNE

PRIVATE LIMITED COMPANY to LLP Preconditions for conversion * The company should be registered under Companies Act, 1956 * There should not be any security interest subsisting on the assets of the company at the time of application * Partners of LLP should comprise all the shareholders ...

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Category : Corporate Law | Comments : 0 | Hits : 1367

Posted Date : 12-May-2011 , 12:54:26 am | Posted By CA. SANAT PYNE

DOCUMENTS / FORMS REQUIRED TO BE FILED WITH ROC AND FILING FEE DETAILS: FILING FEE is as per Schedule X to the Companies Act,1956reproduced at the end of this Guidelines. A. Document / Form Required to be filed for Names Availability (Before Incorporation):   ...

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Category : Corporate Law | Comments : 0 | Hits : 1630

Posted Date : 10-May-2011 , 06:27:12 am | Posted By CA. SANAT PYNE

  Procedure for holding EGM       1.  Convene Board Meeting ...

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Category : Corporate Law | Comments : 0 | Hits : 1078

Posted Date : 06-May-2011 , 04:25:31 am | Posted By CA. SANAT PYNE

Comparison between PARTNERSHIP  and LLP   Category Partnership LLP Prevailing Law Partnership is prevailed by ‘The Indian Partnership Act, 1932’ and...

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Category : Corporate Law | Comments : 0 | Hits : 957

Posted Date : 06-May-2011 , 01:05:01 am | Posted By CA. SANAT PYNE

  1. What are the steps for offline eFiling? 1. Select a category to download an eForm from the MyMCA portal (with or with out the instruction kit. 2. At any time, you can read the related instruction kit to familiarise yourself with the procedures(you can download the instruction ...

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Category : Corporate Law | Comments : 0 | Hits : 1637