Corporate Law Articles

Small company under Co. Act 2013

CS DHANAPAL 31 January 2014 at 12:33

The concept of Small Company has been introduced for the first time by the Companies Act, 2013. The Act identifies some companies as small companies based on their capital and turnover. Most of the exemptions provided to a small company

Board's Report - Enhanced role under Co. Act, 2013

CS DHANAPAL 31 January 2014 at 12:32

INTRODUCTION Section 134 of the Companies Act, 2013 casts a responsibility on the Board of Directors to prepare a report containing details as discussed below and this report needs to be annexed to the Financial Statements which are laid before the m

Single Member Company its features and more

Dhawal Jain 31 January 2014 at 12:31

SINGLE MEMBER COMPANY In India, the advent of framework suitable for existence of corporations existed since the enactment of the Companies Act, 2013. Despite codifying the structure for a private limited and public limited company Ind

New Sections Enforced

sachin pathak 31 January 2014 at 12:30

As per the commencement notification Effective from 12.09.2013 for the new Companies Act 2013 the following 98 sections and 75 definitions from Section 2 have been enforced by MCA. This is just the list of all such section with reference of pervious

Declaration and Payment of Dividend under Co Act, 2013

shikha tiwari 29 January 2014 at 12:52

Declaration and payment of Dividend AccountUnder Companies Act, 2013.The Provisions governing declaration and distribution of dividend by a company are provided under companies Act 2013 And the Rules made there under including the Companies (Transfer

Class Action Suit under Companies Act 2013

Suryah SG 25 January 2014 at 15:33

IntroductionThe Companies Act, 2013 introduces some important changes to the company law regime in India. One such feature is a Class Action. The provision governing Class Action is set out under Section 245 of the Companies Act, 2013 which falls und

It sounds interesting - One Person Company

Aalok Chhaperwal 16 January 2014 at 12:59

Under the existing Company Law framework, a private limited company is required to have a minimum of two shareholders and two Directors. But The Companies Act, 2013 passed by the Lok Sabha provides for the concept of a One Person Company (OPC) in Ind

The Companies Act, 2013 - Provisions relating to Directors

G S Rao 15 January 2014 at 11:02

Introduction: The Board of Directors is an important body elected by the shareholders which acts as agent of shareholders. The Board is collectively responsible for making policies for good governance and efficient running of the company. The Compani

Companies to have uniform Financial Year under Co Act

Ankur Garg 15 January 2014 at 10:59

Dear professional Colleagues, The Companies Act 2013, which has partially replaced Companies Act, 1956, by introducing certain new provisions related to corporate law. The Companies Act 2013 partially made effective w.e.f. September 12, 2013, and int

Loans to directors sec 185 (295 of old act)

sachin pathak 09 January 2014 at 14:03

Loan to directors, etc. (Section 185 refer old act Section 295)This section was commenced on 12 September 2013. It is form the old Section 295 of the Companies Act 1956185. (1) Save as otherwise provided in this Act, no company shall, directly or ind