SECTION 3 OF COMPANIES ACT 2013
Posted Date : 30-Oct-2015 , 02:15:22 pm | Posted By
Manshi Baid
SECTION 3 OF COMPANIES ACT 2013 READ WITH THE COMPANIES (INCORPORATION) RULES , 2014
FORMATION OF COMPANY TYPES OF COMPANIES -------
Public Company --- At least 7 persons
Private Company --- At least 2 persons
One Person Company – Only one person with a person as...
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Category : Corporate Law |
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SECTION 189 OF THE COMPANIES ACT 2013
Posted Date : 28-Oct-2015 , 11:29:27 am | Posted By
Manshi Baid
SECTION 189 OF COMPANIES ACT 2013 READ WITH SECTION 184 , SECTION 188 OF THE COMPANIES ACT 2013 AND RULE 16 OF THE COMPANIES (MEETING OF BOARD AND ITS POWER ) RULES 2014
REGISTER OF CONTRACTS OR ARRANGEMENTS IN WHICH DIRECTORS ARE INTERESTED
APPLICABILITY : This section appli...
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Category : Corporate Law |
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Limits Based Provisions with Consequences On Non-Compliance under the Companies Act, 2013
Posted Date : 27-Aug-2015 , 11:14:27 pm | Posted By
GOVIND NARAYAN SHARMA
LIMITS BASED PROVISIONS WITH CONSEQUENCES ON NON-COMPLIANCE UNDER COMPANIES ACT, 2013
...
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Category : Corporate Law |
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ONE PERSON COMPANY AND HOW IT IS REGISTERED?
Posted Date : 15-Aug-2015 , 12:55:38 pm | Posted By
Sayam Rastogi
One Person Company
One Person Company is a new type of business entity in India introduced through the Companies Act, 2013. One Pe...
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Category : Corporate Law |
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Depreciation under Schedule II of Companies Act 2013
Posted Date : 04-Aug-2015 , 11:04:16 am | Posted By
Prabhash Choudhary
I analyzed schedule II of Companies Act 2013 along with guidance note issued by ICAI for depreciation and in my opinion understated points are need to be considered for the purpose of calculation of depreciation for the financial year 2014-15:
1. If useful life of an asset has b...
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Category : Corporate Law |
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AUDITOR RESPONSIBILITY UNDER COMPANIES ACT 2013
Posted Date : 27-Jun-2015 , 11:00:44 pm | Posted By
Srishti
The New Companies Act, 2013 has been enacted with Presidential assent on 29 August,2012. 282 sections out of 470 sections have been notified till date and it is expected that once the rules are in place remaining provisions shall also be enforced by the year end. The draft rules have also been place...
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Category : Corporate Law |
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XBRL BECOMING ALL PERVASIVE!
Posted Date : 19-Jun-2015 , 12:13:39 pm | Posted By
Soniya
XBRL is an electronic format for communication of business and financial data which is revolutionizing business reporting around the world. The standardization in-built in the XBRL documents provides significant benefits in the preparation, analysis and communication of business information. XBRL pr...
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Category : Corporate Law |
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All Information about INC 29 - Integrated Incorporation Form
Posted Date : 12-Jun-2015 , 02:03:43 pm | Posted By
Jainam Shah
Introduction to Form:
On the occasion of World Labor Day, Ministry of Corporate Affairs (MCA) introduced a major reform for entrepreneurs in India. Effective May 1st, incorporation of a new business will require only one form to be filled, against 5 earlier.
This new form is known as INC-29, and i...
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Category : Corporate Law |
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Section 188 of Companies Act 2013 - Related Party Transactions
Posted Date : 10-Jun-2015 , 05:35:23 pm | Posted By
Manshi Baid
SECTION 188 OF COMPANIES ACT 2013 - RELATED PARTY TRANSACTIONS The definition of Related Party is given in Clause (76) of section 2 of Companies Act 2013 . This section provides that a related party for a company are :-
A director or his relative
A key managerial personnel or...
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Category : Corporate Law |
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MCA NEWS LETTER SUMMARY
Posted Date : 01-May-2015 , 12:16:07 pm | Posted By
Soniya
Auditor Obligations on Internal Financial Controls: A new Rule 10A has been inserted in the Companies (Audit and Auditors) Rules, 2014 in the context of Section 143(3)(i), to make it obligatory for the auditor to make a statement about existence of adequate internal financial controls system and it...
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Category : Corporate Law |
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Sction 3 of Companies Act 2013
Posted Date : 18-Apr-2015 , 05:51:02 pm | Posted By
Manshi Baid
SECTION 3 OF COMPANIES ACT 2013
READ WITH THE COMPANIES (INCORPORATION) RULES , 2014
FORMATION OF COMPANY
TYPES OF COMPANIES -------
Public Company --- At least 7 persons
Private Company --- At least 2 persons
One Person Company – Only one person with a person as Nomin...
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Category : Corporate Law |
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0 | Hits : 1059 |
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Management and administration under Co. Act, 2013
Posted Date : 23-Feb-2015 , 05:30:29 pm | Posted By
Vivek Parakh
Provisions related to Management and Administration – Part 4 Minutes of proceedings of general meeting, meeting of board of directors and other meeting and resolution passed by postal ballot
A separate minute book shall be maintained for each type of meeting namely:
General meeting of m...
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Category : Corporate Law |
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Management and Administration under Co. Act 2013 - Part-3
Posted Date : 21-Feb-2015 , 04:28:54 pm | Posted By
Vivek Parakh
Provisions related to Management and Administration – Part 3
Voting through electronic means
Listed Co. or Company having 1000 or more shareholders shall provide the facility to vote at general meetings by electronic means.
Procedure to be followed:
Notices of meetings shall be ...
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Category : Corporate Law |
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Management and Administration under Co. Act 2013 - Part-2
Posted Date : 13-Feb-2015 , 08:05:03 pm | Posted By
Vivek Parakh
Provisions related to Management and Administration – Part 2
Provisions: (Section 100 to 107, read with Companies (Management and Administration) Rules, 2014
Calling of Extra Ordinary General Meeting (EGM)
EGM may be called in 2 ways: a) By Board and b) On Requisition.
Board ma...
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Category : Corporate Law |
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Change Object Clause
Posted Date : 09-Feb-2015 , 12:36:13 pm | Posted By
Dhroov Rajput
Change in Object Clause
Memorandum of Association contain details of object of company and other details of company. MOA & AOA are made when a company incorporate, this MOA & AOA Contain details of company such as object’s, directors or company registered...
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Category : Corporate Law |
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ROC FORM AOC - 5 - NOTICE OF ADDRESS AT WHICH BOOKS OF ACCOUNT ARE KEPT
Posted Date : 20-Jan-2015 , 03:42:56 pm | Posted By
Soniya
MCA introduces e-Form AOC – 5 for intimating place of maintenance of books of accounts w.e.f. January 17,2015. According to Section 128 of the Companies Act, 2013 every company shall prepare and keep at its registered office books of account and other relevant books and papers and financial s...
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Category : Corporate Law |
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Amended Cost Records and Audit Rules
Posted Date : 09-Jan-2015 , 01:51:52 pm | Posted By
Vivek Parakh
Ammendment in Companies (Cost Records and Audit) Rules, 2014 Salient Features
The Companies are required to maintain Cost Records if turnover exceeds Rs. 35 crores or more during immediately preceding Financial Year in respect of the products and services specified.
The New Cost Au...
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Category : Corporate Law |
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Section 138 of The Companies Act, 2013 (Internal Audit)
Posted Date : 08-Jan-2015 , 11:07:01 am | Posted By
Anjana
Section 138: Internal Audit (Relevant Rule 13 of The Companies (Accounts) Rules, 2014)
Applicable to:
Listed Co. Unlisted public Co. having: i.Paid Up Sh. Capital >= 50 Cr. in preceding FY ii.Turnover >= 200 Cr. in preceding FY iii.O/S Loans from banks or P...
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Category : Corporate Law |
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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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