Corporate Law Articles

The relevant Accounting Standards relating to Borrowing Costs are the following:- a. INDAS 23 b.IAS 23 c.AS 16 There is no major difference between INDAS 23 and IAS 23.Therefore, the following descriptions relate to both INDAS 23 and IAS 23. Statements of Profit and loss and other Compreh..

The offer shall be made by notice: specifying the number of shares offered and limiting a time not being less than 15 days and not more than 30 days from the date of the offer within which the offer, if not accepted, shall be deemed to have been declined The offer shal..

Unique Document Identification Number (UDIN) Guidelines The Council of the Institute of Company Secretaries of India hereby issues the following guidelines as per the Company Secretaries Act, 1980 as amended by the Company Secretaries (Amendment) Act, 2006:-These Guidelines may be called t..

About Rule(s): Ministry of Corporate Affairs (MCA), Government of India wide notification dated 05th September, 2019 has amended the National Financial Reporting Authority Rules, 2018, (NFRA Rules). These rules may be called the National Financial Reporting Authority (Amendment) Rules, 2019 {NFRA..

Corporate Social Responsibility (CSR): Corporate social responsibility refers to the initiative and contribution of an enterprise towards the economic, environmental and social welfare of the general community. In this article, we look at some of the major aspects of CSR committees and its Meetings ..

In the year 2017, Ministry of Corporate Affairs by taking the ambit of Section 248 which talks about 'Power of Registrar to remove name of company from register of companies' struck off more than 2 lakh companies which were not filing its returns for the last many years and the Government wa..

1. Compliance requirement under Income Tax act, 1961 Applicable Laws/Acts Due Dates Compliance Particulars Forms/(Filing mode) Income Tax Act, 1961 07.09.2019 Due date for deposit of Tax..

PROCEDURE FOR SEEKING EXTENSION OF DATE FOR HOLDING OF ANNUAL GENERAL OF THE COMPANY Section 96 of the Companies Act, 2013 provides that every company other than a one-person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elaps..

The attestation of a Company Secretary (CS) on a certificate or any such document is of immense value since it usually signifies that the CS, in his professional opinion, has ensured that there is no misrepresentation by the entity issuing/submitting such a document. It was being observed tha..

Simplification of process for Incorporation of Section 8 Companies: A 'limited company' registered under Companies Act, 2013 or under any previous company law may convert itself into a company licensed under Section 8 of the Companies Act, 2013.   1. The company shall make an a..