Corporate Law Articles

Dividend under Companies Act, 2013

gautam singh 17 May 2016 at 10:53

INTRODUCTION1. Clause (35) of section 2 of the Companies Act, 2013 (�the Act�) defines dividend as �dividend includes any interim dividend�. Therefore, all provisions under Chapter VIII of the Act and under the Companies (Decl

Highlights and Analysis on Companies (Amendment) Bill 2016

Bhavik Gala 16 May 2016 at 10:50

BACKGROUNDThe Companies Act, 1956 was the principal legislation governing the company law in India for more than six decades. It was then replaced by a new legislation, Companies Act, 2013 (hereinafter referred to as �Act��) in the

CSR Reporting - Creating a liability for an asset

Sundharesan Jayamoorthi 14 May 2016 at 10:59

Section 135 of the Companies Act, 2013 (Act) deals with the provisions of Corporate Social Responsibility (CSR) and requires every company that comes under the purview of the mandatory spend to spend on CSR in that financial year. The Guidance note o

CSR Reporting - Spend, under spend, over spend & no spend

Sundharesan Jayamoorthi 12 May 2016 at 10:33

Section 135 of the Companies Act, 2013 (Act) deals with the provisions of Corporate Social Responsibility (CSR) andrequires every company that comes under the purview of the mandatory spend to spend on CSR in that financial year. There is no provisio

One Person Company (OPC) - All about it

CA Prakhar Jain 11 May 2016 at 11:51

BASIC CONCEPT The concept of an entity called a One Person Company (OPC) has been introduced by the Companies Act, 2013. Earlier, a company involved at least 2 persons to begin with. In such a company, a single person is the sole shareholder of the c

Meeting compliance of private limited company

Member (Account Deleted) 10 May 2016 at 11:01

Introduction All about Private Limited Company Definition Meetings Business to be transacted Form Filing Time Frames Documentation Process and Procedures Checklist for bare minimum compliance Act and Secretarial StandardsDefinition of Private Company

CSR Reporting - From a line item to a paragraph

Sundharesan Jayamoorthi 09 May 2016 at 10:52

The dilemma in Corporate Social Responsibility (CSR) is not in choosing to spend or how much to spend; it is all about reporting and how much to report. The statutory auditors are faced with this dilemma while reporting on CSR for companies. The resp

Key aspects of Related Party Transactions

Ashish Kumar Gupta 07 May 2016 at 12:32

RELATED PARTY TRANSACTIONS Key aspects of Related Party Transactions :- As per section 188 of the Companies Act, 2013, all the Related Party Transactions mentioned in sub-section (1), require the prior consent of

Name approval guidelines for companies under companies act, 2013

CS Divesh Goyal 02 May 2016 at 10:32

In old Companies Act, 1956 Ministry had issued name availability guidelines by way of (Companies (Name Availability) Rules, updated in 2011). In the new Companies Act, 2013 name availability guidelines for Company are given under Rule 8 of the Compan