Corporate Law Articles


Analysis: The Delhi Goods And Services Tax (Amendment) Bill, 2021

  CS Tanveer Singh Saluja    02 August 2021 at 18:51

The Delhi Assembly on 30th July 2021, passed the Delhi Goods and Services Tax (Amendment) Bill, 2021, which is aimed at smoothening the taxpaying process, strengthening accountability and minimizing room for tax evasions.



Extract of Annual Return in Form MGT-9 for FY 2020-21 & Onwards

  Brajesh Kumar    31 July 2021 at 15:57

Form MGT-9 is an extract of the annual return which contains details of the Company for one Financial Year and is annexed to the Board's Report of the Company.



Securities Contracts (Regulation) (Second Amendment) Rules, 2021

  CS Tanveer Singh Saluja    31 July 2021 at 12:49

The MoF has notified a new set of rules to add sub-rule (6) in rule 19A of the Securities Contracts (Regulation) Rules, 1957 to provide an exemption to listed PSUs.



Cabinet approves amendments to LLP Act

  CS Lalit Rajput    31 July 2021 at 10:08

The Cabinet on 28th July 2021 approved amendments to the LLP Act for decriminalizing offences under the law as the government looks to improve ease of doing business and encourage start-ups.



Unpaid Dividend Account And IEPF Provisions - Section 124 Of The Companies Act, 2013

  Neha Rajan Redekar    31 July 2021 at 09:42

Where a dividend has been declared by a company but has not been paid or claimed within 30 days from the date of the declaration by any shareholder then it shall be transferred to an “Unpaid Dividend Account”.



Annual Return on Foreign Liabilities and Assets (FLA Return)

  CS Divesh Goyal    31 July 2021 at 09:39

FLA is an Annual Return on Foreign Liabilities and Assets that is required to be filed by Indian Companies and LLPs. It is mandatory under FEMA 1999 and is to be filed by July 15 every year.



Difference between Right issue | Private Placement | Preferential Allotment

  CS Divesh Goyal    31 July 2021 at 09:38

Rights issue is an invitation to existing shareholders to purchase additional new shares. Private placement is the sale of stock shares to pre-selected investors. Preferential allotment involves bulk allotment of fresh issue of shares at a pre-determined price.



Whether a company can give loan to director or whole time director?

  CS Divesh Goyal    31 July 2021 at 09:38

It is clear that Companies can give a loan to their Managing Director/ WTD without any restriction under Section 185. However, as per Section 186, it is not mandatory to charge interest on such a loan.



IBC- Hefty Monetary Penalties to be imposed by an IP Agency

  CS Lalit Rajput    30 July 2021 at 13:00

In order to ensure that insolvency professionals remain compliant with the letter and spirit of IBC, IBBI has issued a circular on 'Monetary Penalties to be imposed by an Insolvency Professional Agency'.



Process of Extension of AGM (Annual General Meeting)

  CS Divesh Goyal    30 July 2021 at 11:27

Every company other than an OPC shall in each year, hold in addition to any other meetings, a general meeting as its annual general meeting within a period of six months, from the date of closing of the FY.




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