Corporate Law Articles

FAQs on Fast Track Exit Mode

Posted by Guest 06 July 2011 7626 Views

What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 19

A Compliance Note: Loan to Directors (Section 295)

Posted by Pankaj Pendse 04 July 2011 47929 Views

Section 295 of the Companies Act deals with the pros & cons while giving loan to directors. The section states that No public Company can without the prior approval of the Central Government give any loan to or g

Conversion of Section 25 companies

Posted by CS Bijoy 01 July 2011 21792 Views

Conversion of Section 25 companies Introduction: Section 25 companies are those companies which are formed not for making profit but their main intention is to promote commerce, art, science, religion, charity or any other useful object related to

Mandatory Demat : An Overview

Posted by Pankaj Pendse 28 June 2011 20069 Views

Ministry of Corporate Affairs vide its recent circular No 17/143/2011-CL.V dated 6.6.2011 is considering to issue Companies (Dematerialization of Certificates) Rules, 2011. The key highlights of the said regulation will be... 1.

Fast Track Exit Mode for Defunct Companies

Posted by CS Ankur Srivastava 26 June 2011 19081 Views

Initially Ministry had issued Easy Exit Schemes to give an opportunity to the defunct Companies to get their name strike off from the records of ROC.

A Brief note on MCA's Green Initiative Circulars

Posted by Pravin Gupta CS 23 June 2011 22066 Views

MCAS Green Initiative; In order to save trees and environment by cutting down the consumption of costly paper habits, the Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing pap

Holding of Board Meetings through Electronic Mode

Posted by Vivek Sethia 22 June 2011 18238 Views

Finally, Indian Corporate regulators have recognized the mode of holding the company meetings through electronic mode. Going forward meetings held through such mode shall now be duly accepted and recognized in court of law. The Ministry of Corpor

A Brief Note on Mandatory Annual filing in XBRL format

Posted by Pankaj Pendse 21 June 2011 60479 Views

A Brief Note on Filing Annual Financial Statements in XBRL Format Background: Ministry of Corporate Affairs (MCA) vide its General Circular No 09/2011 has

Filing of Balance Sheet and Profit and Loss Account in XBRL

Posted by CS Ankur Srivastava 11 June 2011 50433 Views

Filing of Balance Sheet and Profit and Loss Account in XBRL Format As such, now following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:- Listed Companies and their subsidiaries;

Compliance of Provisions of the Companies Act, 1956 and Rule

Posted by Sonakshi 04 June 2011 18635 Views

In order to ensure corporate governance and proper compliances of provisions of Companies Act, 1956, the Ministry of Corporate Affairs has decided that from 3rdJuly, 2011 all the Companies will have to file their updated Balance Sheet and Profit &