Corporate Law Articles

Regulatory Framework: Liability of Independent Directors

Affluence Advisory 22 March 2023 at 06:49

An independent director shall be held liable, only in respect of such acts of omission or commission by the listed entity which had occurred with his [/her] knowledge, attributable through processes of the board of directors, and with his [/her] consent or connivance or where he [/she] had not acted diligently with respect to the provisions contained in these regulations.

Notices issued for Non-Maintenance of Cost Records u/s 148 of Companies Act

CMA Navneet Kr Jain 20 March 2023 at 09:10

Ministry of Corporate Affairs, Government of India has notified the amendment in the Companies (Accounts) Rules, 2014 which mandates the directors to report on requirement and the maintenance of cost records under section 148 of the Companies Act 2013.

All about Producer Company

ACS Shahbaz Khan 20 March 2023 at 08:54

In the Companies Act 2013, a Producer Company is defined as a company that is formed and registered under the Companies Act, with the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, and export of primary produce of its members or import of goods or services for their benefit.

MCA V3 Portal: Name Change of the Company

CA Ramanujan Sharma 20 March 2023 at 08:54

In this article author has tried to explain the procedure to be followed for Change of name of the Company (Change of name MCA v3 portal) while filing form RUN (Reserve Unique Name), Form MGT 14 and Form INC 24 in a brief and simplified manner

Form MGT-7: An Overview

Ishita Ramani 17 March 2023 at 08:53

MGT-7 is an electronic form issued by the Ministry of Corporate Affairs for all companies for filing the data of their income and expenditure for the particular year.

One Person Company: An Overview

Y Ramakrishnan 16 March 2023 at 14:42

One Person Companies (OPCs) in India are a unique type of corporate entity that was introduced in the Companies Act, 2013. The concept of OPCs was introduced with the objective of promoting entrepreneurship and providing a simpler form of business structure for individuals.

Facts you need to know about Bike insurance

CS Pankaj Khanna 15 March 2023 at 15:56

Bike protection is a sort of protection that gives monetary insurance to bicycle proprietors against misfortunes that might happen because of unforeseen occasions like burglary, mishaps, or harm caused to outsider property. In India, bike insurance coverage for at least third parties is required.

Section 8: NGO Company Details

ACS Shahbaz Khan 15 March 2023 at 08:51

Section 8 companies, also known as Non-Profit Organizations (NPOs), are a type of company registered under Section 8 of the Companies Act, 2013.

Q&A Series: Directorship in Companies

FCS Deepak Pratap Singh 14 March 2023 at 11:11

Ajay Oza was a director in several companies and was barred from being appointed or reappointed as a director for a term of five years under Section 164(2)(a) due to a failure by one of the firms to file annual returns and financial statements for the financial year 2015-17

Startup India seed fund scheme by government

CA Rishi Goyal 14 March 2023 at 08:52

For boosting startups of country, The Startup India initiative has been taken by Government of India to build robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to entrepreneurs on 16th January, 2016.