Corporate Law Articles

Appointment of CEO as per Companies Act 2013

Tanuj Chandra Saxenaa 13 December 2021 at 08:47

A Chief Executive officer(CEO) is the most senior corporate, executive, or administrative officer in charge of managing an organization especially an independent legal entitysuch as a company or non-profit institution.

Scrutinizer report as per Companies Act 2013

Tanuj Chandra Saxenaa 13 December 2021 at 08:36

A scrutinizer is a person who observes any process which requires rigorous oversight, either to prevent the occurrence of corruption or genuine mistakes. It is most commonly known as part of voting in an election, where the scrutinizer observes the counting of ballot papers, in order to check that election rules are followed.

Applicability and Requirements of E-Form MGT 15

Tanuj Chandra Saxenaa 11 December 2021 at 17:09

As per Section 121 (1) of the Companies Act, 2013 every listed public company has to file MGT 15 (Report on Annual General Meeting) in less than 30 days from the completion of the Annual General Meeting.

Dormant Status for Company

Pooja 11 December 2021 at 15:32

The Companies act 2013 has introduced new provision called Dormant Company. This concept is also known by profession as Asset Shielding Concept.

LEI (Legal Entity Identifier) code for Companies in India | An analysis

Ishita Ramani 11 December 2021 at 12:43

The LEI was created to help control counterparty risk by allowing the identification and linkage of parties to financial transactions. Its purpose is to make systemic risk measurement and monitoring easier and more cost-effective, as well as to assist more cost-effective compliance with regulatory reporting requirements.

Section 177 of Companies act 2013: Whistle blower policy

Tanuj Chandra Saxenaa 11 December 2021 at 09:45

Companies considering the interest of all its well-wishers, who want to report genuine concerns within the organization, implements the Vigil Mechanism/Whistle Blower Policy.

Change of registered office of a LLP

Tanuj Chandra Saxenaa 10 December 2021 at 15:03

The partners need to check the LLP agreement, in case it provides for the procedure for shifting the registered office of the LLP. In case no procedure is prescribed, obtain consent of all partners regarding change of registered office.

Conversion of Sole - Proprietorship into private limited company

Tanuj Chandra Saxenaa 10 December 2021 at 11:08

A Sole Proprietorship is a business entity that is wholly owned and controlled by an individual, it is a good form of business for individuals who want to start small but as business grows it necessitate converting it into some greater form for greater advantages.

Legal Provisions for Checklist and Closure of LLP or Strike off of an LLP

Tanuj Chandra Saxenaa 10 December 2021 at 11:01

Rule 37 of the Limited Liability Rules, 2009 deals with the striking off name of Defunct LLP. Defunct means those LLPs which are not functioning or not operating.