Corporate Law Articles

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.

MOA and AOA of a Company under Companies Act - Memorandum of Association

Taxblock 20 November 2021 at 09:47

The Memorandum of Association is a document that specifies the constitution of a company and hence it is the foundation on which the company’s structure is built.

Constitution, Restriction and Powers of the board

Taxblock 19 November 2021 at 09:41

Section 149 of the Companies Act, 2013 states minimum and maximum number of the director that shall be in the company. The minimum number of directors in a private limited company is 2, for public limited it is 3 and for an OPC its1.

All about shifting of registered office of company

Priya Aggarwal 19 November 2021 at 09:41

Section 12(4) of the Act says Notice of change in situation of RO shall be given to the ROC in the same form within 30 days (60 days in case of IFSC Companies) of such change.

Appointments, Roles, Responsibilities of Company Secretaries in India and its removal

Taxblock 19 November 2021 at 09:41

The main role of CS in an organization is auditing the company's tax returns maintaining and, keeping books of accounts, advising the board of directors regarding the financial and legal risks of the company and ensuring that the company complies with statutory and legal regulations.

Alteration in charter documents of the company - Alteration of memorandum of association

Taxblock 19 November 2021 at 09:40

The name of the company can be changed by passing special resolution and with written approval of Central Government. Approval of Central Government is not required if the change relates to only addition or deletion of word Private to the name of the company.

Bad Bank - A remedy for the NPA Illness

CA Ranganatha Achar K 15 November 2021 at 15:30

In the Budget for FY 2021-2022, Finance Minister Mrs. Nirmala Sitharaman announced that an Asset Reconstruction Company Limited (ARC) and Asset Management Company (AMC) will be set up to deal with the stressed assets of the public sector banks.

Everything About E-Form MSME-1

CS Divesh Goyal 15 November 2021 at 10:47

In this editorial author shall discuss about each aspect of MSME-1 form.MSME-1 form first time introduced by MCA notification dated 22 January 2019.

Minority being the victim need to be protected - Prevention of Oppression and Mismanagement

CA. (Dr.) Rajkumar Satyanaraya 14 November 2021 at 11:57

This Article mainly deals with the oppression and mismanagement. The Companies Act, 2013 under Chapter XVI covering Sections 241 to 246 deals with Oppression and mismanagement and Class Action. Further provisions for class action are provided under Section 245 and 246. We have a separate article on class action.