Corporate Law Articles

Issues with sudden notification of 98 sections of the Act

Aalok Chhaperwal 22 October 2013 at 12:35

The Ministry of Corporate Affairs notified 98 sections of the Companies Act, 2013 on 12th September. Although notification of 98 sections of New Act is welcome but MCA has notified these sections when only a part of the draft rules made live for pub

Significance of Minutes of meetings and principles to be observed while drafting: Part-II

G S Rao 21 October 2013 at 16:53

Introduction: In my previous article (Part-I), a detailed analysis was made of the provisions of Section 118 of the Companies Act,2013(The Act,2013 or Act )and rules applicable to maintenance of minutes in electronic form. The topic of minutes wil

Sole Member/Nominee of a One Person Company (OPC)

Navin K Mishra 18 October 2013 at 12:30

OPC shall have one Member (Sole Member) and a Nominee (a person who shall; in the event of death or incapacity of original sole Member to contract; become the Member of OPC).

Provisions of Companies Act 2013 (Along with Draft) Relating to Audit & Auditors

CS DHANAPAL 17 October 2013 at 11:43

Companies Act, 2013 has been published in the official gazette for public information and will become applicable once the Ministry of Coprorate Affairs (MCA) notifies it. Accordingly, MCA has notified 98 sections of the Act on 12th September 2013 fo

The Companies Act, 2013- Provisions relating to Minutes of Meetings: Part-I

G S Rao 16 October 2013 at 13:05

Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifies the operation of all sections and finalizes the Rules which are now on displ

Step wise Registration process of Partnership Deed

CA Chirag Chauhan 09 October 2013 at 12:30

Step wise Registration process of Partnership Deed in Maharashtra and challenges A partnership deed is a written agreement between two or more partners willing to undertake business jointly. It consist of all the terms & condition agreed by th

The Companies Act, 2013- provisions relating Appointment of Directors

G S Rao 08 October 2013 at 11:40

Introduction: In my previous article, a detailed coverage was given to provisions relating to Independent directors. It is more appropriate and useful to give coverage to the left out parts relating to appointment of Directors and significant cha

PPP - Public Private Partnership /Profit for Private Partner

Nikhil Kaushik 04 October 2013 at 11:56

PPP Public Private Partnership or Profit for Private Players?? Role of Drafting A few days ago a friend at CaClubIndia asked a query for improving drafting skills. I delved on his query before formulating my response to it. In our profes

XBRL Financial Statements - Requirements in India

CA sawan kumar 04 October 2013 at 11:55

The following class of companies have to file their Balance Sheet, Profit and Loss Account and other documents as required under section 220 of the Companies Act, 1956 with the Registrar using the Extensible Business Reporting Language (XBRL) taxono

Related Party Transaction, Caluse 188 of New Company Bill

CA Dhruva Kalamanji 04 October 2013 at 11:55

Related Party Transaction Clause 188 of the New Company Bill, 2012 vis--vis Section 297 of Companies Act, 1956. When the company bill, 2013 has received the consent of the president in the month of August it replaced the