Corporate Law Articles

Fast Track Exit u/s 560 of Companies Act, 1956

Komal Tiwari Pandey 24 August 2015 at 10:00

Background:The Companies which are not carrying on business activities or operations for more than a year they can opt for Fast Track Exit mode from the records of the Registrar of Companies. Fast Track Exit mode for defunct companies u/s 56

Conversion of public limited company into private limited company

CS Divesh Goyal 24 August 2015 at 09:59

Keeping in view the relaxations provided to a Private Company, many public companies have converted into Private Companies or in the process of such conversion. Through this brief write up an attempt has been made to unlock the technicalities related

Major initiatives on improving "Ease of Doing Business" in India

Parth Sharma 21 August 2015 at 10:07

The Government of India has taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficien

Issue of Sweat Equity Shares under Companies Act, 2013

Sudish Kumar Gupta 20 August 2015 at 10:21

Dear Readers/ Professional Members,Greetings for the day..Section 54 of the Companies Act, 2013 corresponds to section 79A of the Companies Act, 1956 and seeks to provide that on fulfilling certain conditions, a Company may issue sweat equity shares

Acceptance of deposit from members in case of private limited company

CS Divesh Goyal 20 August 2015 at 10:21

BACKGROUND:Loans are the major source of funding for most of the Companies apart from their Share Capital. Companies borrow from various sources like banks and various other financial institutions. Whereas,Public Limited Companies borrow from mass pu

Overview of tax implication of CSR expenditures

SAGA 19 August 2015 at 10:33

Introduction1.1.1 The Finance Act, 2014 has brought a very radical & far reaching

Process for conversion of OPC into private limited company

CS Divesh Goyal 18 August 2015 at 16:45

BACKGROUND:The Introduction of One Person Companyinto the legal system is a move that wouldencourage the entrepreneurs enters intocorporate world. This will not only enableindividual capabilities to contribute economicgrowth, but also generate employ

CSR - Some Concerns

Dilip K Raina 18 August 2015 at 10:04

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 in n

Incorporation of Limited Liability Partnership

Sneha 17 August 2015 at 10:27

IntroductionLimited Liability Partnership (LLP) is a separate legal entity which has the benefits of �Limited Liability�. It is governed and registered under the Limited Liability Partnership Act, 2008 and the rules made thereunder. Sm

An overview on XBRL

Parth Sharma 17 August 2015 at 10:27

What is XBRL eXtensible Business Reporting Language (XBRL) A more advanced form of XML. (XML reporting is already being used by the Income-tax Department in India.) It is a revolutionary format for financial reporting process for both preparers and