Corporate Law Articles

Addition in Disclosure of Financial Statement

Posted by CS Divesh Goyal 18 August 2021 3624 Views

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 Strike off a Company within 1 year of Incorporation?

Posted by CS Divesh Goyal 18 August 2021 4497 Views

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.

Whether, strike off allowed before filing of INC 20A

Posted by CS Divesh Goyal 18 August 2021 2601 Views

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.

Arbitration under MSMED Act

Posted by CS Lalit Rajput 18 August 2021 1665 Views

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.

Availment of ITC on Corporate Social Responsibility (CSR)

Posted by jaskamal singh 18 August 2021 5052 Views

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.

MCA Monthly Due Date Tracker - August 2021

Posted by CS Lalit Rajput 12 August 2021 8549 Views

If the due date of any form given in this article falls between 1st April 2021 to 31st July 2021, then those forms can be filed without additional fees, till 31st August 2021.

FAQs on Declaration of Commencement of business

Posted by CS Divesh Goyal 12 August 2021 11792 Views

A declaration is filed by the directors in e-form Form No. INC-20A within 180 days from the date of incorporation of a company with ROC, indicating that all subscribers have paid their value of shares to the MOA.

FAQs on Dividend

Posted by CS Divesh Goyal 12 August 2021 3578 Views

Dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors. They may be paid out in cash or in the form of additional stock.

Process of alteration in object of company

Posted by CS Divesh Goyal 12 August 2021 2689 Views

A company can alter its object clause by way of addition, deletion, modification, substitution, or in any other way by convening a board meeting as per Section 173 and SS-1.

BSE Guidance Note for Companies Undergoing CIRP

Posted by CS Lalit Rajput 12 August 2021 2193 Views

Point 16 was inserted in Para A of Schedule III of LODR Regulations w.e.f. May 31, 2018, which mandated disclosures at various stages by companies undergoing CIRP.