Corporate Law Articles

The new concept of Small LLP

CA Puja Sharma 05 March 2022 at 17:33

The main objective behind the introduction of this new class of LLP is to aid small LLP businesses in the ease of doing business in India. The Government has taken various steps in recent years to ease out the difficulties faced by the businesses in India.

Statutory and Tax Compliance Calendar - March 2022

CA. Mohit Kumar 01 March 2022 at 16:40

This Article contains compliance requirement under various statutory Act for which due date falls in the month of March 2022. The due dates are very crucial for compliances of the statutory provision under various act in order to avoid penalty, interest or late fee.

Impact assessment and related methodologies

FCS Deepak Pratap Singh 28 February 2022 at 08:43

As you are aware that an "Impact Assessment "is study and a process of identifying the consequences of current or proposed action. It is the process of identifying the anticipated or actual impacts of a development, intervention on those social, economic and environmental factors which the intervention is designed to affect or may inadvertently affect.

Concept of "Actuary" & "Actuarial Risks"

FCS Deepak Pratap Singh 26 February 2022 at 08:51

As you are aware that an "Actuary "plays an important part in the insurance sector and he/she is well decorated and trusted professional. Actuaries analyse the financial costs of risk and uncertainty.

Consumer dispute resolution through mediation under Consumer Protection Act,2019

FCS Deepak Pratap Singh 26 February 2022 at 08:51

As you are aware that the Consumer Protection Act, 1986 is serving consumer fraternity since last three decades. This act has been promulgated to protect the interest of consumers from Unfair Trade Practices and fraudulent trade practices adopted by market players. The Act, 1986 is a three-tier redressal system having appellate jurisdictions.

Self Proficiency Test for Independent Directors

Neethi V. Kannanth 25 February 2022 at 14:03

As per section 150(1), an independent director can be selected from the data bank containing the names, addresses and qualifications of persons. Such persons should also be eligible and willing to be appointed as an Independent Director.

Whether financial creditor of holding Co. considered as FC of subsidiary if subsidiary given loan security

FCS Deepak Pratap Singh 25 February 2022 at 08:58

The case essentially deals with a third-party mortgage extended by the Corporate Debtor for a loan taken by its holding company, wherein the Corporate Debtor mortgaged its property for such borrowing.

Future prospects should be paid even in case of notional income - Motor Vehicles Act,1988

FCS Deepak Pratap Singh 25 February 2022 at 08:58

In the recent case passed by the three-judge bench of the Supreme Court on 5 January 2021, the court granted future prospects even in cases of national income.

What is INC-20A Business Commencement Form?

InstaFiling Team 24 February 2022 at 09:05

INC-20A is a Declaration for Commencement of Business form. According to the new section 10A(1)(a), of the Companies Act, 2013, and Rules 23A of the Companies (Incorporation) Rule 2014, it is imperative for a director of an incorporated company to file an INC 20A form with the Registrar of Companies (RoC).

Comparison between CARO 2020 and CARO 2016

Neethi V. Kannanth 23 February 2022 at 11:39

From the Financial year 2021-22, CARO 2020 is replacing CARO 2016. What is the difference between CARO 2020 and CARO 2016? Is there any additional reporting requirement under CARO 2020? All these questions are answered here