Corporate Law Articles

MSME Scheme- Eligibility, Benefits and Registration Criteria

CA. Aagya Singhai 03 August 2020 at 10:47

The MSME(Micro, Small, and Medium Enterprise) definition has undergone a change in the recent past under Aatma Nirbhar Bharat Scheme

Guidelines for Conducting Board meeting through VC or OAVM

Sai Ratnakar Annam 30 July 2020 at 10:17

MCA further relaxes the requirement of holding Board meetings with the physical presence of directors under section 173 (2) read with rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 for approval of the annual financial statements, Board's report, etc.

Conducting AGM by means of VC / OAVM- Summary of Circulars by MCA

M M Sheth 29 July 2020 at 10:12

Companies have been allowed to conduct their AGM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) during the calendar year 2020.

FAQs on eForm DIR-3 KYC

CA Shubhi Khandelwal 29 July 2020 at 10:10

Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.

Introduction of PAS-6 in Corporate System

CS Pankaj Grover 28 July 2020 at 17:43

The introduction of PAS-6 by the Ministry of Corporate Affairs is for the purpose of reconciliation of the share capital audit report on a half-year basis.

Insights of Rule 9A and e-Form PAS-6

CS Ekta Maheshwari 28 July 2020 at 10:38

It is mandated for all the unlisted Public companies to issue the securities in dematerialized form only, vide its notification dated 10th September 2018, wherein Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014, was inserted.

Holding of AGM via VC or OAVM

CS Ekta Maheshwari 27 July 2020 at 12:20

An Annual General Meeting (AGM) is a gathering of all the shareholders and the Board of Directors of a Company. It is mandated by the law to hold the AGM at least once in a year to protect the interest of the shareholders.

Filing of e-form by company with MCA

CA Rishi Goyal 27 July 2020 at 10:07

For the compliance of provisions of Companies Act, 2013, there is a requirement of filing E-Form at web portal of the Ministry of Corporate Affairs (MCA). MCA is notifying provisions and E-form on regular basis accordingly Company and officers are required to file E-form with MCA.

Section 162 of the Companies Act, 2013- Appointment of Directors to be voted individually

Pooja 25 July 2020 at 14:54

The appointment of directors is done in the General meeting of the Company by passing Ordinary Resolution.

AGM Ordinary & Special Resolutions - Drafts

CS Lalit Rajput 23 July 2020 at 10:44

Annual General Meeting (AGM) has been defined under Section 96 of the Companies Act, 2013. It can be considered as an annual gathering of Directors and Shareholders / members of the Company to discuss the future of the Company and also company's overall performance is analyzed.