Corporate Law Articles

Key Takeway from LLP (Amendment) Act, 2021

CS Divesh Goyal 19 August 2021 at 17:39

The objective of the de-criminalization exercise is to remove criminality of offences from business laws where no malafide intentions are involved.

LLC Incorporation in Delaware, USA

Ishita Ramani 19 August 2021 at 09:22

LLC has credibility and limited liability that one can generally sough in a corporation, flexibility and pass-through taxation that are the main characteristics of a partnership.

Annual Compliance Applicable to Public Limited Company

Neha Rajan Redekar 18 August 2021 at 14:32

Public limited companies are listed on the stock exchange where it's share/stocks are traded publicly. Let us discuss the Annual Compliances applicable to a Public Ltd. Company in all 4 quarters.

Availment of ITC on Corporate Social Responsibility (CSR)

jaskamal singh 17 August 2021 at 08:54

CSR shall not be treated as a gift or free supply. ITC on CSR should be availed since the same can be treated as incurred in the course and furtherance of Business.

Arbitration under MSMED Act

CS Lalit Rajput 16 August 2021 at 09:13

Where the conciliation fails under the provisions of the Act, MSEFC shall either take up the dispute for arbitration or refer it to any institution providing alternate dispute resolution services.

Whether, strike off allowed before filing of INC 20A

CS Divesh Goyal 15 August 2021 at 16:29

Can companies file e-form STK-2 for strike off without filing of e-form INC 20A in case the company has not conducted business since Incorporation? Let us discuss.

How to Strike off a Company within 1 year of Incorporation?

CS Divesh Goyal 14 August 2021 at 16:30

If a company has not started any business since incorporation and promoters want to strike off within a year of incorporation, whether they can file STK-2 for strike-off? Let us discuss.

Addition in Disclosure of Financial Statement

CS Divesh Goyal 14 August 2021 at 09:11

MCA is increasing stringency in compliances and adding numerous additional disclosures in Financial Statements, Directors Report and Audit Report. The main purpose behind these amendments is to ensure more transparency.

How to take loan, before filing of INC 20A?

CS Divesh Goyal 14 August 2021 at 09:11

Can a company accept loan from Directors or any other person before the filing of INC 20A for general purposes like Opening of Bank Account, preliminary Expenses etc? Let us discuss.

MCA amends disclosure norms in financial statements (Schedule III)

CS Lalit Rajput 12 August 2021 at 09:43

MCA, vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.