Corporate Law Articles

Understanding Section 185 of Companies Act, 2013

Sumit Talreja 20 May 2015 at 10:50

Understanding Section 185Section 185 of the Companies Act, 2013 is the replacement section of 295 of the Companies Act, 1956. Upon a perfunctory glance at the section, the key points of departure from the old act is wiping out of Central Government&r

Company law notifications since the commencement of Co. Act, 2013

Amit Dharmani 20 May 2015 at 10:48

1. General Circular No. 07/2015 - Clarification whether a managerial person appointed in accordance with such provision of Schedule XIII of Earlier Act may receive relevant remuneration for the period as approved by the company in a

All about independent directors

Sitansh Magia 20 May 2015 at 10:48

INDEPENDENT DIRECTOR (ID):The term is defined in sec 149(5). In nut shell, a person qualifies for being appointed as the ID if (a) he is not the Promoter or related to the promoters of the company, its holding co., subsidiary companies or associate c

"My fair lady" for Chartered accountants firms

Rajat Mohan 20 May 2015 at 10:48

IntroductionAppointment of statutory auditor has always been an eye-popping issue under the Companies Act, 1956. Lawmakers have always given a great significance to these provisions in order to maintain the integrity, objectivity and unbiasedness o

The Companies (Amendment) Bill, 2014

Amit Dharmani 19 May 2015 at 10:54

The details of the amendments are as under:1. Requirement of minimum paid- up share capital for private and public companies is proposed to be omitted. (For ease of doing business)In terms of section 2(68) and 2(71) of the Companies Act, 2013, privat

Snapshot of changes in operative provisions by the Companies (Amendment) Act, 2015

Sitansh Magia 18 May 2015 at 10:35

The Companies (Amendment) Bill, 2015 - Proposed changes The Companies (Amendment) Bill, 2015 is on the anvil of becoming a reality now. This will reduce many procedural requirements. All proposals seem to be favourabl

Clarification on applicability of secretarial standards

VIGNESH SC BOSE 15 May 2015 at 10:55

Secretarial Standards on General / Board meeting � Clarification - Considering the date of effectiveness of Secretarial Standards from 1st July, 2015, the Institute clarifies that these Secretarial Standards shall apply to Board Meetings and Ge

Audit Committee under Section 177 of Companies Act,2013

CS M.Kurtrala Nathan 14 May 2015 at 11:00

Audit Committee under Section 177 of Companies Act,2013CS M. KurthalanathanSection 177 of the Companies Act,2013 and Rule 6 and 7 of Companies (Meetings of Board andits Powers) Rules,2014 deals with the Audit Committee.Applicability of Audit Committe

Changes in Companies Act

gourav singh 12 May 2015 at 10:20

Page 1 of 9Dear All,As you all know, The Companies Act 2013 has been notified and made applicable from thefinancial year 2014-15. The 2013 Act introduces significant changes in the provisions related toFinancial Statements, Disclosure Norms, Complian

E Form INC 29 - A commendable initiative by MCA

Sudish Kumar Gupta 11 May 2015 at 10:25

Dear Members,In India, before coming into effect Companies (Incorporation) Amendment Rules, 2015, there was only one route for incorporating a company. Earlier Incorporation of a Company starts from taking Director Identity Number (DIN) and Digital s