The MCA recently announced an amendment in Schedule VII of the Companies Axt 2013. Along with the National Relief Fund, now PM CARES Fund will also come under Schedule VII
For interpreting the term 'undertaking', we shall look into the case laws under the erstwhile section 293 (1)(a) of the Companies Act 1956 [Section 180 (1)(a) of the Companies Act 2013]
The term Chairman is not defined under the Companies Act, 2013 (Act). As per the relevant regulations of Article of Association (AOA) of the Company and relevant Sections casts various powers, obligation and functions for the chairman.
Appointment of Independent Director in Public Company
Passing of Resolution by Circulation under Companies Act, 2013
Appointment of Managing Director under Company Law
The Entrenchment of Articles of Associations
BSE SME listing eligibility norms revised due to COVID 19
The Govt. of India has enacted the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which was notified on 2nd October, 2006 to deal with the definition of MSMEs. The Enterprises are defined in terms of Investment in Plant and Machinery/ Equipment by both Manufacturing & Service Sector.
The definition of MSMEs has been changed by the FM, the investments and turnover limits have increased as per the new definition of MSMEs.
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