Corporate Law Articles

FAQs on Signing of Financial Statements Post COVID-19

Tanuj Chandra Saxenaa 28 November 2021 at 18:11

In the series of FAQs in this article, we have considered the critical issues around financials of a company under the Act and LODR vis-à-vis COVID-19 and have provided certain check points that the directors and the management need to adopt

Applicability of AS 3: Cash Flow Statements

Tanuj Chandra Saxenaa 28 November 2021 at 18:10

Cash flow statements are to be prepared by all companies but the act also specifies a certain category of companies which are exempted from preparing the same. Such companies are One Person Company (OPC), Small Company and Dormant Company.

What are the ROC Compliances under the Companies Act?

Taxblock 27 November 2021 at 09:24

Companies Act, 2013 provides for compulsory annual filing for all the company which are incorporated under Companies Act, 2013 or any other previous act and for all LLP under Limited Liability Partnership Act, 2008. The filing with ROC can be done once in a year or on the happening of any event.

Overview of Virtual Meeting

Taxblock 27 November 2021 at 09:24

A meeting held totally by means of either Video conferencing or other audio-visual means is known as Virtual Meeting.

Overview of Related Party Transactions

Taxblock 27 November 2021 at 09:23

The meaning of the word 'Related Party' is given under Section 188 of the Companies Act, 2013

Overview of Limited Liability Partnership

Taxblock 26 November 2021 at 09:34

OVERVIEW OF LIMITED LIABILITY PARTNERSHIPDEFINITION:LLP is a corporate business vehicle that enables professional expertise and entrepreneurial initiative to co..

Overview of General Meeting

Taxblock 26 November 2021 at 09:34

A meeting may be generally defined as a gathering or assembly or getting together of a number of persons for transacting any lawful business. There must be at least two persons to constitute a meeting.

Overview of intercorporate loans

Taxblock 26 November 2021 at 09:32

Section 186 of the Companies Act, 2013 deals with the loans and investments by the companies

Oppression And Mismanagement Under Companies Act

Taxblock 25 November 2021 at 09:30

The word 'Oppression' is not defined under the Companies Act, 2013. Oppression is the movement made by the authority in unjust manner against the party who gave his consent.

Loan to and from directors u/s 185

Taxblock 25 November 2021 at 09:30

Section 185 of the Companies Act, 2013 states that no company is allowed to make, advance any loan, that includes the loan to constituted by a book debt to, or provide any guarantee or give any security related any loan