Corporate Law Articles

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

Provisions relating to Acceptance of Fixed deposits

G S Rao 08 January 2014 at 12:05

Introduction: Companies normally raise funds through issue of Equity/preference shares, debentures, commercial papers and inter corporate loans. Fixed deposits are also one of the instruments available to a company to raise funds to meet its short te

CRM Strategy for the CA firm

Anurag 08 January 2014 at 12:05

Executive Summary The world around us is witnessing a spate of changes. The forces of globalisation, internationalization of business, outsourcing and competition from alternate service providers/offerings have led firms to dispense with the age-old

Role of Auditor in the New Companies Act

Varun kumar 08 January 2014 at 12:04

As per the Company 2013, the auditor's responsibility has been enhanced to a great extent and the manner of appointing him has also been changed, when compared to companies Act, 1956. We here discuss briefly abou

Acceptance of Deposits under New Companies Act, 2013

RAJIB MOHANTY 06 January 2014 at 12:52

The Companies Act, 2013 (2013 Act) was assented by the President of India on 29 August 2013 and published in the Official Gazette on 30 August 2013. The New Act is expected to facilita

Compounding of offence in Company Law 1956

sachin pathak 02 January 2014 at 13:06

621. OFFENCES AGAINST ACT TO BE COGNISABLE ONLY ON COMPLAINT BY REGISTRAR, SHAREHOLDER OR GOVERNMENT(1) No Court shall take cognizance of any offence against this Act, which is alleged to have been committed by any company or any officer thereof, exc

Section 135 of Companies Act-2013 CSR

CA. Jagdish Sitapara 02 January 2014 at 13:05

Corporate Social ResponsibilityUnder The Companies Act - 2013 Section 135 Applicability: Every company having:-Net worth of ` 500 crore or more, orTurnover of ` 1000 crore of more, or Net profit of ` 5 crore or more,During any financial year shall c

Income Tax on Buyback of Shares

sudhir.kochhar 31 December 2013 at 13:33

What do you mean by Buy Back of shares?ANSWER: Concept of Buy-Back of SharesThe concept of buy-back is a recent one so far as India is concerned. The Companies Amendment Act, 1999 introduced the concept of buy-back of shares.Buy-back of share

Dividend provisions - Critical analysis

CA Nitesh Kumar More 24 December 2013 at 13:20

Section 205 of the Companies Act 1956 read with Article 85 of Table A deals with payment of Dividend Section 123 of the Companies Act, 2013 provides for declaration of Dividend. and Table F of article 80 of Articles of Association provide

Corporate Governance - Best Board Practices

Sundharesan Jayamoorthi 24 December 2013 at 13:20

BOARD PROCESS The word Board Process has been mentioned in several places in the Companies Act 2013 (The Act), but it is important to identify and discuss this term in two sections, which is in section 149 that deals with