Corporate Law Articles

Case study on Companies Act

FCS Deepak Pratap Singh 14 September 2022 at 10:28

Amiysam Ltd. is an unlisted public company, registered under GST, incorporated since 2010, with seven directors on its board, and is engaged in the manufacturing and selling of chemical products through its several units across the country. It also exports its chemical products to certain European & Middle East countries

Case Study - The Customs Act, 1962

FCS Deepak Pratap Singh 12 September 2022 at 08:48

Dalmia & Associates, a practicing CA firm, submitted its application to ICAI for carrying out the bank audit for nationalized banks. After following the designated procedures and approvals required for appointment of bank auditors, the firm was appointed as branch auditor of Eastern Bank of India, a public sector bank headquartered in Kolkata.

What constitute an arbitration agreement?

FCS Deepak Pratap Singh 10 September 2022 at 09:48

Arbitration is most favored and less expensive Dispute Resolution Process. The secrecy maintained during arbitration proceedings and autonomy to the parties to choose arbitrators and place of arbitrations makes it more acceptable.

FAQs: DIR-3 KYC filing of MCA V3 Portal

CS Divesh Goyal 08 September 2022 at 09:02

In this editorial author shall discuss the FAQ's in relation to DIR-3 KYC filing of MCA V-3 Portal. As w.e.f. 31st August, 2022 DIR-3 KYC/ Web form has been shifted from V2 portal to V3 portal.

Incorporation of subsidiary of foreign company

vidhi jhalani 08 September 2022 at 08:47

Although foreign owned subsidiary has to follow more rules and regulations (applicable laws in India) as compared to Indian owned companies. Before proceeding further get a look into the basic terminology as per Indian Law.

How can Non-US Residents Apply for a Bank Account for an LLC?

Member (Account Deleted) 07 September 2022 at 13:50

Non-US residents can open an LLC bank account in the US. Although, applying for an LLC bank account as a non-US resident can be a bit tricky. However, it is still possible to do so by following a few simple steps.

Sphere of Section 146

CS Dharmesh Vankar 07 September 2022 at 08:51

There are many untouched provisions of the Companies Act, 2013 ("the Act") wherein not much emphasis or clarification has been furnished by the appropriate authority or any respected professional. Section 146 of the Act is one of them.

Amendments to Companies Rules 2014

Poojitha Raam Vinay 06 September 2022 at 08:39

Ministry of Corporate Affairs vide its notification dated 5th August 2022 has amended the Companies (Accounts) Rules, 2014 regarding availability of books of account and other relevant books and papers maintained in electronic mode at all times and also details of person in control, if service provider is located outside India.

Case study on SEBI (SAST) Regulations 2011

FCS Deepak Pratap Singh 05 September 2022 at 14:31

Irrespective of acquisition or holding of shares or voting rights in a target company, no acquirer shall acquire, directly or indirectly, control over such target company unless the acquirer makes a public announcement of an open offer for acquiring shares of such target company in accordance with these regulations.

Section 186 of the Companies Act, 2013 - Need for a judicial review in certain areas

Ramaswami Kalidas 05 September 2022 at 12:39

As compared to its predecessor clause, the present Act is inflexible for several reasons. For one any loan/investment made into a wholly owned subsidiary will be included for the purpose of determining the thresholds prescribed.