Corporate Law Articles

Sec 164 and 167 of the Companies Act, 2013 - Directors Disqualification And Vacation Of Office

Neha Rajan Redekar 27 August 2021 at 17:58

Disqualification of directors can be grouped into two parts - Disqualification at the time of appointment (Personal Disqualification) and Disqualification for re-appointment (Corporate Default).

MCA | FAQs on Corporate Social Responsibility (CSR) dated 25th August 2021

CS Lalit Rajput 26 August 2021 at 09:55

MCA has notified the amendments in Section 135 as well in the CSR Rules on 22nd January 2021 with an aim to strengthen the CSR ecosystem, by improving disclosures and by simplifying compliances.

Highlights of the amendments passed in the LLP Act, 2008 through the LLP (Amendment) Act, 2021

Shree 24 August 2021 at 12:31

The Act has converted certain offences into civil defaults. It has also defined small LLP, provides for the appointment of certain adjudicating officers, and establishment of special courts.

Concept of soft and hard market cycles under insurance

FCS Deepak Pratap Singh 24 August 2021 at 09:28

In a soft market, buyers have more bargaining and negotiation power while in a hard market the negotiation power of buyers is less as they are not in a position to quote their terms and conditions.

Restrictions imposed on travel abroad under Section 5(3)(F) of IBC, 2016

FCS Deepak Pratap Singh 24 August 2021 at 09:27

DRT does not have power to impound the passport of an individual and impose restrictions on his travel abroad. Any restriction of travel abroad will be violative of Articles 21 and 14 of the Constitution of India.

All about CARO 2020

Tanuj Chandra Saxenaa 24 August 2021 at 09:27

CARO 2020 is a new concept for the issue of audit reports in case of statutory audits of companies under the Companies Act, 2013. It is applicable for all statutory audits commencing on or after 1st April 2020.

Some Facts Related To Consequential Loss (Fire) Policy Or Loss Of Profit Policy

FCS Deepak Pratap Singh 24 August 2021 at 09:27

Any interruption in business operations caused by fire or other special perils, resulting in a financial loss of various kinds is called consequential loss.

Incorporation of Incubators - Business Entrepreneurship

Tanuj Chandra Saxenaa 24 August 2021 at 09:27

Under the Atal Innovation Mission, the Government is setting up Atal Incubation Centres in the public and private sector as well as scaling up Established Incubation Centres.

Composition Of Board Of Directors And Board Committees

Neha Rajan Redekar 23 August 2021 at 14:51

As per the provisions of section 149(1) of the Companies Act, 2013, every company shall have a Board of Directors consisting of individuals as directors.

Development Initiatives by Govt. for MSME & SSI

CS Lalit Rajput 23 August 2021 at 09:35

Government has announced various relief measures for several sectors under the AatmaNirbhar Bharat Abhiyan and has taken a number of initiatives to support the MSME Sector in the country.