Corporate Law Articles

Allotment of new name to existing company

CS Divesh Goyal 02 August 2021 at 19:04

MCA has issued two notifications on 22nd July 2021, Commencement of Section 4 of Companies (Amendment) Act, 2021 and Companies (Incorporation) Fifth Amendment Rules, 2021 effective from 1st September 2021.

Company Law Due Date Calendar - August 2021

CS Divesh Goyal 02 August 2021 at 18:54

Mark your calendars with these twelve due dates that lie in the month of August 2021 under the Companies Act 2021.

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.