Corporate Law Articles

Process Incorporation of Foreign Subsidiary/WOS

CS Divesh Goyal 24 July 2021 at 09:16

Discussing the Provisions of the Companies Act, 2013 w.r.t the Incorporation of a Subsidiary of a Company Incorporated Outside India or a Wholly Owned Subsidiary of a Company incorporated outside India.

AGM extension by top 100 listed entities by market capitalization

CS Lalit Rajput 24 July 2021 at 08:55

SEBI has extended the timeline for conducting the AGM by Top 100 listed entities by market capitalization. Such entities shall hold their AGM within a period of six months from the date of closing of the FY for 2020-21.

All about Foreign Liabilities and Assets (FLA)

Manju Laur 24 July 2021 at 08:55

Foreign Liabilities and Assets is an Annual Return that is to be submitted by all those Indian Resident Companies which have received FDI and/or made Investment Overseas in the PYs.

Amendment in Schedule III & Auditors Report, Directors Report

CS Divesh Goyal 23 July 2021 at 09:37

By these amendments, MCA has increased stringency in compliances and has added numerous additional disclosures in Financial Statement, Directors Report and Audit Report.

Event Date for CFSS

CS Divesh Goyal 23 July 2021 at 09:36

The due date for filing of E-form CFSS is 30 June 2021 for all the Companies. If a Company fails to file the CFSS Form, it will lose the immunity granted to it by the CFSS Scheme.

Remuneration to Non-Executive & Independent Director

CS Divesh Goyal 23 July 2021 at 09:36

Subject to the provisions of section 197, a company having profits in a financial year may pay remuneration to a managerial person or persons or other directors not exceeding the limits specified in such section.

Everything about NDH-4

CS Divesh Goyal 23 July 2021 at 09:36

MCA has introduced a new form NDH-4 i.e. Declaration of Nidhi. The requirement of filing of NDH-4 is mentioned in section 406 of Companies Act, 2013 and rule 3A, 23A and 23B of Nidhi Rules, 2014.

All about Director Identification Number (DIN)

Manju Laur 23 July 2021 at 09:13

A unique identification number is issued by the Central Government to a person who intends to be a Director in a new company or an existing company. That UIN is called Director Identification Number.

Amendments to Stamp Duty on Transfer of Shares

CS Divesh Goyal 22 July 2021 at 09:25

The amendments propose a uniform system for the collection and payment of stamp duty on the issue and transfer of securities. Let us decode the stamp duty on issue and transfer of shares in both physical as well as Demat form.

Merged Definition of a Listed Company in Section 2(52) of the Companies Act, 2013

CS Divesh Goyal 22 July 2021 at 09:16

MCA has liberalized the definition of listed companies under the Companies Act to give compliance relief to public limited companies and private limited companies having listed debt securities.