Corporate Law Articles

NACAS vis-a-vis NFRA

CA HEMANT SHARMA 13 November 2014 at 10:21

NACAS OF COMPANIES ACT 1956 Vis--vis NFRA OF COMPANIES ACT 2013(National Advisory Committee on Accounting Standard vis--vis National Financial Reporting Authority) As a corporate professional one should be equipped with the knowledge

Adoption of MOA & AOA

CS Divesh Goyal 13 November 2014 at 10:20

AMENDMENT IN MAIN OBJECTS, IF THE COMPANY IS CARRYING ANY BUSINESS COVERED UNDER OTHER OBJECTS IN THE MEMORANDUM OF ASSOCIATION. 1. PROVISIONS FOR OBJECT CLAUSE UNDER COMPANIES ACT - 1956 As per Section 13 of the Companies Act, 1956 the Object Clause

Procedure of conversion of private ltd. company into LLP

Nisha Sharma 13 November 2014 at 10:20

PREREQUISITES 1. No-Pending of E-forms filed by Company.2. No Charges should subsist at MCA site3. One financial year must over4. Update filing of all forms and returns5. Update - income tax filings. 2. PROCEDURE a. Board Resolution regarding Change

Internal Audit under the new Companies Act 2013

Tulasi S Sastri 11 November 2014 at 10:55

Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor? Since Internal Audit has been given statutory recognition (under Section 138 of the Act), and has been made mandatory for certain categori

Allotment of Equity Shares as per Companies Act, 2013

CA.Sangam Aggarwal 08 November 2014 at 11:27

The allotment of shares in preferential basis involves the following:PROVISIONSApplicable Sections & Rulesa. Sec.62(1)(c);b. Section 42; c. Rule 14 of Companies (Prospectus & Allotment of Securities) Rules

How to prevent instances of Fraud in Organizations? Some true stories

Tulasi S Sastri 05 November 2014 at 10:39

Under the new Companies Act 2013, in the Internal Financial Controls, to be instituted by the Board of Directors, one of the requirements is Preventing Frauds and Errors. In this context, I wish to share with you some true

Changes in auditor appointment

CA Vikas Garg 01 November 2014 at 12:06

Hello Frnds,As we know there are continuous going changes on Compliance of Co Act 2013. This time MCA has done before some days " NOTIFY" Form ADT-1 for Auditor Appointment w.e.f. 20th October 2014.Before notify this form we were submitti

Right issue of shares under Companies Act, 2013

CS Kundan Mishra 29 October 2014 at 11:05

RIGHT ISSUE OF SHARES FOR PRIVATE AND PUBLIC UNLISTED COMPANIES UNDER COMPANIES ACT, 2013- SEC-62- CS KUNDAN KR MISHRA INTRODUCTION:A rights issue is directly offered to all existing shareholders of the Company in proportion to their current holding

Appointment of key Managerial personnel under Section 203 of the Companies Act,2013- Some perspectives

Guest 29 October 2014 at 10:40

Much water has flowed down the bridge since the substantive provisions in the Companies Act, 2013 (herein after referred to as the Act) became operational from April 1,2014.The Act has been a subject of wide spread criticism from the

Appointment of Women Director: A step towards empowerment of women in the corporate world

Bhavya Gunashekar 28 October 2014 at 10:39

The principle of gender equality has been enshrined in the Indian Constitution in its preamble, fundamental rights, fundamental duties and directive principles of state policy, but despite such unambiguous equal rights given to both men and women Ind