Corporate Law Articles

Cognizance to Ind-AS in India by introducing new CA 2013

Vivek Sharma, ACA 20 February 2015 at 19:17

Introduction: India has principally agreed to the implementation of Ind -AS by revamping Schedule VI of Companies Act 1956 being the first constructive step in the journey. Many of the new insertions and amendments in Companies Act 2013

Companies act, 2013- Sec 139- Rotation of auditors

CA Sripriya K 19 February 2015 at 10:47

No listed company or a company belonging to such class or classes of companies shall appoint or re-appoint:- An individual For more than one term of five consecutive years An audit firm For more than two terms

Changes in boards report

CS Vasudev Sharma 18 February 2015 at 10:29

CENTURY ENKA LIMITED Comparative Ananlysis of Directors Report as per companies act, 2013 and 1956 Sr.No. Companies Act, 2013 Companies Act, 1956 1 Business/ Financial Highlights Business/ Financia

Sec 138 - companies act, 2013- compulsory internal audit

CA Sripriya K 18 February 2015 at 10:28

Introduction and Old Vs New Section 138 of the Companies Act deals with Internal Audit of Companies. This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accounta

Dormant Companies - Sec- 455

CA Sripriya K 17 February 2015 at 10:42

Dormant Companies - Sec- 455 In certain cases, Companies are formed only for the purpose of holding certain assets or IPR or for a future project and such companies do not have routine accounting transactions. Further, it is also likely that certain

Section 73&76 of companies act not mandatory

ANMOL JHA 16 February 2015 at 10:16

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 2(31) of the Companies Act,2013, defines deposit and according to the definition all receipts of money by a company have been

One Person Company - An Introduction

CA Sripriya K 14 February 2015 at 12:04

Section 3 of the Companies Act deals with the Formation of Companies. The corresponding section of the erstwhile Act was Section 12 – Mode of forming incorporated Company.

Repayment of deposits u/s 74 of companies act, 2013

Raghavendra Chakravarthy 14 February 2015 at 12:04

Dear professional colleagues, Firstly I wish to thank Mr. Anmol Jha for bringing out this controversial topic to enlighten the professionals. I am herewith posting my understandings and comments, fo

In "Shell" fish Co.! making most of shell companies!

Kunal R. Sarpal 13 February 2015 at 11:11

This one is for the start-up guys or the veterans who want to steer clear of the pains of starting a Company from the scratch.To lay down the steps for you, forming a Company, Listing it, getting all the licensing for it, building its goodwill, getti

Further issue of share capital u/s 62 CA,2013- Part-II

CS M.Kurtrala Nathan 13 February 2015 at 11:10

Section 62 of the Companies Act,2013 deals with the Further Issue of share capital to Employees under Employee Stock Options Scheme and to any persons on preferential basis. In my previous article (Part I), I have discussed about the Issu