Corporate Law Articles

Requirements for Incorporation of Private limited Company

Sowmya krishna 13 January 2016 at 13:44

Requirements for Company IncorporationFor Filing Name Availability (Form INC 1) Number of Promoters. Provide DIN, PAN Xerox of both sides, and Address proof Xerox of all promoters. Email ID, Phone number (landline if available, mobile number) of appl

Concept of one person company

CS Shivam Singhal 13 January 2016 at 10:33

OPC- Section 2(62) of Companies Act, 2013 provides that �One Person Company� means a Company which has only one person as a Member.CHARACTERISTICS OF OPC-1) Natural Person + Indian Citizen + Resident in India = Incorporate an OPC/ Nominee

Analysis on related party transcations

CS Shivam Singhal 12 January 2016 at 11:00

RELATED PARTY- As Per Section 2(76) of the Companies Act, 2013, Related Party meansa) A directorb) Relative of directorc) KMPd) Relative of KMPe) A Firm, in which a director, manager or his relative is a Partnerf) A Private Company in which a directo

Analysis on Deposits under companies act, 2013

CS Shivam Singhal 11 January 2016 at 16:09

DEPOSIT- Section 2(31) of Companies Act, 2013 provides that Deposit Includes any receipt of money by way of deposit or loan or in any other form by a company, but does not include-a) Any amount received from C.G/ S.G/ L.A/ S.Ab) Any amount received f

Corporatization & demutualization of stock exchanges in India

deepak kumar srivastava 11 January 2016 at 10:38

EXISTING STRUCTURE OF THE STOCK EXCHANGE IN INDIA A Stock Exchange is an organized market for purchase and sale of listed Industrial and financial securities. Securities traded on Stock Exchanges include shares and debentures of Public Limited Compan

Secretarial Standard 1- A bird's view

sachin bhola 11 January 2016 at 10:37

The whole Secretarial Standard I is divided into following eight parts: 1. Convening a meeting 2. Frequency of meeting 3. Quorum 4. Attendance 5. Chairman 6. Passing of resolution by

Process of condonation of delay

CS Divesh Goyal 09 January 2016 at 12:46

Series- 119 PROCESS OF CONDONATION OF DELAY IN CREATION/MODIFICAITON/SATISFACTION OF CHARGECHARGE:Section 77 states that Companies are required to register ALL TYPES OF CHARGES, with ROC within 30 days of

Techniques of fraud reporting By auditors

CS SIDDHARTHA BANIK 08 January 2016 at 17:18

Companies Act, 2013 has introduced provisions for detecting fraud at the grassroots level by forcing accountability to the Auditors of the Company. Accordingly Central Government notifies the Companies (Audit and Auditors) Amendment Rules, 2015 by a

Omnibus approval for related party transaction

CS Divesh Goyal 08 January 2016 at 10:17

In case of Companies Act, is the board required to approve all related party transactions from audit committee?[1] The Companies Act 2013 prescribes that a company needs approval of the audit committee on all related party transactions and subsequent

The thrust of corporate meetings

sachin bhola 08 January 2016 at 10:17

Assume a situation where company wants to appoint a new director or wants to increase its share capital. Now the question arises how company can give effect to the proposed business because company being an artificial entity cannot act on its own. Bo