Corporate Law Articles

Key amendments in Companies Act, 2014

MAYANK 19 December 2014 at 16:23

KEY AMENDMENTS IN COMPANIES ACT, 2014 BY THE COMPANIES (AMENDMENT) BILL, 2014 Companies Act, 2013 was notified after a long period on 29th August, 2013. The Companies Act inbounds the strength of business. The Companies are base of financial structur

The Slumdog Millionaire - CSR adding value to society or the NGO

Sundharesan Jayamoorthi 16 December 2014 at 10:57

Effective April 1, 2014, there is a provision in the legislation that mandates a CSR spend. This has created a sudden hype and all my friends who have small NGOs and are presently doing a good job over the last few years are in a fix. These existing

Procedure of resignation of director

CS Divesh Goyal 13 December 2014 at 13:15

Section 168, the Companies Act, 2013: Resignation of directors Corresponding sections of the Companies Act, 1956: None this is a newly introduced section. DIRECTORS RESIGNATION UNDER COMPANIES ACT, 2013:- 1. The Director intending to resign shall s

Unless otherwise provided in the Articles

Varad Khambete 12 December 2014 at 13:31

List of sections under the Companies Act, 2013 where the liberty is given to the Company to add the given provisions in its Articles.In the Companies Act, 2013, at several places one will find wording like Unless the articles of the company ot

Phir bhi dil hai Hindustani - CSR is it an Entry in Accounts or into Heart

Sundharesan Jayamoorthi 09 December 2014 at 11:18

PhirbhidilhaiHindustaniCSRisitanEntryinAccountsorintoHeartsArticlebyjsundharesan,boardmentor&complianceguru1Corporate Social Responsibility (CSR) is contributing a portion of the profits of acompany for a cause, after April 1, 2014 it seem

Compliances for listed company under Co. Act - 2013

CS Divesh Goyal 08 December 2014 at 11:12

LISTED COMPANY COMPLIANCES Series-30 2 (52) Listed Company means a company which has any of its securities listed on any Recognized stock exchange; 23. (1)A Public Company may issue securities (c) Through a rights issue or a bonu

Draft exemption notifications on private limited company

CA Nitesh Kumar More 05 December 2014 at 10:50

1. Comments: In case of Private Ltd Companies, its holding, subsidiary or an associate company or other subsidiary of its holding company will not be treated as related party. Chapter I, sub-clause (viii) of clause (76) of section 2 shall not apply

Procedure for acceptance of deposits from members

Varad Khambete 29 November 2014 at 10:42

Dear All,Sec. 73 to 76 of the Companies Act, 2013 (CA13) & related rules govern provisions regarding acceptance of deposits by companies. I have prepared a note on procedure for acceptance of depo

Loan to director u/s 185 of Companies Act, 2013

CA SONIYA AGARWAL 28 November 2014 at 10:32

Section 185 of the Companies Act, 2013 provides for loans to directors.Section 185 now applies to all companies including private companies.A Company shall not directly or indirectly advance any loan or give any guarantee or provide security to any

Loophole in section 139 of the Co. Act, 2013

CA HEMANT SHARMA 22 November 2014 at 11:33

LOOPHOLE IN SECTION 139 OF THE COMPANIES ACT, 2013The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part