Corporate Law Articles

Suggestions in relation to certain sections of companies Act, 2013

Snehal Parikh 05 February 2016 at 11:42

Important points in relation to notes to accounts of financial statements under revised schedule VI or suggestions in relation to certain sections of companies Act, 2013The Company should disclose as per revised schedule VI following information in

Ind AS 103 on business combination

P.R. Sethuraman 01 February 2016 at 10:29

�Comb� as everybody knows is used to untangle, arrange smooth out, straighten and neaten the hair by drawing the comb through it. Therefore, the �comb�, in the context of �Business combi

Director Identification Number (DIN)

VARUN BEDI 30 January 2016 at 10:57

It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act,

Fast track exit for companies

VARUN BEDI 29 January 2016 at 11:02

FAST TRACK EXIT MODEMinistry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 in time bound ma

Chronicle of added capital-deposits

sachin bhola 28 January 2016 at 11:20

Chronicle of Added Capital-DepositsIn ordinary parlance a Deposit is money placed with some other entity to be used for some specific purpose at a later point of time.Companies used to borrow money to liquidate their short term as well as long term f

Applicability of CSR to Charitable Companies

Dilip K Raina 27 January 2016 at 11:18

With the passage of Companies� Act 2013 a mandatory responsibility under section 135 was cast on companies to spend 2% of the net profit as calculated under section 198 of the Companies Act on the activities listed therein and being social and

Compounding of offence

CS Divesh Goyal 20 January 2016 at 13:53

Brief background:The compounding provision in the Act were inserted by the Companies Amendment Act, 1988 on the recommendation of the 1SACHAR COMMITTEE as amended by the Companies (Amendment) Act, 2000. It was felt that leniency is required in the ad

Role of audit committee in related party transactions

CS DHANAPAL 20 January 2016 at 10:40

*Changes relating to omnibus approval came into effectUnder the Companies Act, 2013, the whole concept of related party transactions has been capsulated in a single section, namely Section 188 which combines the erstwhile Sections 314 and 297 of the

Secretarial Standard-2

CS Shivam Singhal 19 January 2016 at 10:50

APPLICABILITY & EFFECTIVENESS- Applicable on Every Company (except OPC) at the time of conduct any type of General Meeting/ Meeting of Debenture-holders/ Meeting of Creditors & effective from 01st July, 2015.AGM-1. The Board shall every year,

Reporting of fraud by auditors under companies act 2013

CS DHANAPAL 19 January 2016 at 10:50

Under Section 143 of the Companies Act 2013, every auditor of a company shall have a right of access at all times to the books of account and vouchers of the company, whether kept at the registered office of the company or at any other place and shal