Corporate Law Articles

Repayment of deposits u/s 74 of the companies act

ANMOL JHA 11 February 2015 at 10:30

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 74 of the Companies Act,2013, provides that any deposit accepted before the commencement of the Companies Act,2013, needs to b

Fast track exit mode for defunct companies under section 560

Sahil Jolly 10 February 2015 at 10:56

Fast Track Exit mode for Defunct Companies under section 560 of the Companies Act 1956 A number of Companies registered under the Companies Act 1956 are inoperative since incorporation or commenced business but became inoperative or defunct later on

Lagaan - Is it CSR or GSR?

Sundharesan Jayamoorthi 07 February 2015 at 13:13

In the guise of Corporate Social Responsibility (“CSR”) the Government is delegating the social work in the hands of corporate; is CSR becoming a Government Shirking Responsibility (“GSR”). It is difficult to believe and compr

Critical issues under provisions of Section 149 of Companies Act, Independent Directors

APARNA.R 07 February 2015 at 11:17

Applicability: All listed Companies Every other public Company havingPaid up share Capital of Rs.10 crore or more OrTurnover of Rs.100 crore

Private Placement under Co. Act,2013

CS M.Kurtrala Nathan 07 February 2015 at 11:17

Section 42 of the Companies Act,2013 and Rule 14 of Companies (Prospectus and Allotment of Securities )rules ,2014 deals with Private Placement."Private placement" means any offer of securit

Independent Directors | An analysis

CS MOHIT SALUJA 05 February 2015 at 10:33

Independent Director is the one who does not have any material or pecuniary relationship with the companyIndependent Directors as per reading of section 149(6)Section 149 (6) An independent director in relation to a comp

Financial Statement,Board Report under Cos Act,2013

CS M.Kurtrala Nathan 04 February 2015 at 10:26

Section 134 of the Companies Act,2013 and Rule 8 & 9 of the Companies (Accounts)Rules,2014 deals with the Financial Statement and Board Report.Signing of the Financial Statement: The financial statement, including consolidated financial statement

Aaj ka Robin hood- CSR is it inclusive or exclusive?

Sundharesan Jayamoorthi 03 February 2015 at 10:41

A recent headline in a financial daily “Zuck slams Cook: If you cared, your products would be cheaper”. This statement may sound mean, but can mean that no entrepreneur should play the role of a modern day Robin hood. The entrepreneur sho

Frequently Asked questions on CSR

APARNA.R 03 February 2015 at 10:41

FAQ on Corporate Social responsibility as per Companies Act, 2013:1. Whether salaries paid to regular CSR staff and volunteers can be factored into CSR project cost.Ans: Yes, the above will become a part of CSR expenditure.2. Under what conditions th

Companies Amendment Bill 2014

CS DHANAPAL 28 January 2015 at 10:52

Companies Act, 2013 (Act) which was notified on 29.08.2013 has brought about enormous changes in almost every sphere of Corporate Compliance, Management and Administration. Out of 470 sections in the Act, 283 sections and 22 sets of Rules correspondi