Corporate Law Articles

Liquidation and winding up under companies act

Taxblock 25 November 2021 at 09:30

Liquidation process is the last stage where a creditors can recover their money from the company.

Overview of Fundings in startups

Taxblock 24 November 2021 at 09:39

Funding is an extremely important consideration for meeting the preliminary expenses for start-ups at initial stage. The first round of funding, popularly known as seed funding forms the basis of the start-up fundraising.

Whether it is necessary to start construction of new house after the date of sale of original assets for claiming exemption u/s 54F

FCS Deepak Pratap Singh 24 November 2021 at 09:38

As the impugned issue is squarely covered in favour of the assessee by the above decision of the honourable High Courts, we hold that assessee has purchased a house property i.e. a new asset and is entitled to exemption u/s 54F of the act

Summons issued u/s 50(2) & (3) of PMLA, 2002 cannot be quashed in Writ Proceedings

FCS Deepak Pratap Singh 23 November 2021 at 09:27

Summons issued under provisions of Section 50(2 ) & (3) of PMLA,2002 cannot be quashed in Writ proceedings

Loans And Investment By Company - Section 186 Of The Companies Act, 2013

Neha Rajan Redekar 22 November 2021 at 09:49

Section 186(2) of the Companies Act, 2013 provides that no company shall directly or indirectly Give any loan to any person or other body corporate; Give any gu..

Original Assured Rights under Re-Insurance Contract

FCS Deepak Pratap Singh 22 November 2021 at 09:49

Re-insurance is one the important instrument of risk financing and risk sharing.

Overview of Directors in a Company Meeting

Taxblock 22 November 2021 at 09:49

According to Section 149 of the Companies Act, 2013 the Board of Directors of each company shall comprise of only individuals. That means, body corporate, firm or association shall not be appointed as a director.

Overview of Board Meeting

Taxblock 22 November 2021 at 09:48

In case of One Person Company, Small Company, Dormant Company or private company which is a start-up, at least one meeting shall be conducted in each half of the calendar year and the minimum gap between these two meetings shall be at least 90 days.

All about DIR-3 KYC & FAQs

CS Lalit Rajput 20 November 2021 at 09:49

MCA (Ministry of Corporate Affairs) issued the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 and The Companies (Registration Offices and Fees) Fourth Amendment Rules, 2019 on 25th July 2019 on "DIR-3 KYC".

Overview of Board Committee

Taxblock 20 November 2021 at 09:47

The board of directors of the top 100 listed entities, determined on the basis of market capitalization, as at the end of the immediate previous financial year shall make a Risk Management Committee.