Corporate Law Articles

Can Banks freeze inoperative SB and CD Accounts, return cheques issued and stop access to ATM service?

Shivaprasad Laxman Chhatre 30 August 2022 at 12:27

In this article, I have attempted to highlight a few related aspects like recklessness at Integrated Ombudsman's office.

Procedure for striking off company under fast track exit under Sec 248 of Companies Act 2013

anang shandilya 30 August 2022 at 08:51

A Company eligible to apply for striking off its name needs to apply to Registrar of Companies in Form STK-2

Ailing Micro, Small and Medium Enterprises of India

Harsh Gupta 29 August 2022 at 16:42

The role of MSMEs in employment generation, entrepreneurship, exports and innovation is well understood. Only problem is, in most parts, it 'only' remains understood. Prime issues ailing the MSMEs in India largely remain unappreciated and unattended. And therein lies the problem!

CSR Compliances as per New Rules

Affluence Advisory 29 August 2022 at 13:33

The Companies Act, 2013 (the Act) introduced the mandatory provisions of CSR and accordingly Section 135 of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 ["CSR Rules"] framed thereunder govern CSR in India.

MCA V-3 Portal Companies

CS Divesh Goyal 29 August 2022 at 10:54

Majorly covered Charges, Deposit and Directors KYC

Case Study on Competition Act, 2002

FCS Deepak Pratap Singh 29 August 2022 at 08:48

The Preamble of Competition Act, 2002 provides that "An Act to provide, keeping in view of the economic development of the country, for the establishment of a Commission to prevent practices having adverse effect on competition, to promote and sustain competition in markets

Can banks freeze a customer's account for non-compliance with Re-KYC (KYC review)?

Shivaprasad Laxman Chhatre 29 August 2022 at 08:41

Neither RBI on its own can direct, a partial or total freeze of Re-KYC due (non-compliant) bank account nor it can delegate such authority to any bank/branch to impose such a freeze. RBI has formally confirmed that the directions it had given in Sept 2014 were applicable before the amendment on 20th April 2018.

Penalty for non-maintenance of registered office

Affluence Advisory 27 August 2022 at 11:38

Every Company should maintain its registered office pursuant to Section 12 of the Companies Act, 2013.

Case study on Companies Act, 2013

FCS Deepak Pratap Singh 27 August 2022 at 08:57

The author highlights a case study on Companies Act, 2013

Physical Verification Of Registered Office by ROC

CS Divesh Goyal 26 August 2022 at 08:55

As per the MCA notification dated 18thAugust 2022 Government has notified the Companies (Incorporation) Third Amendment Rules, 2022. As per the amended rules MCA has added a new Rule i.e.25B- Physical verification of Registered office of the Company. This rule came to complete the Section 12(9) of Companies Act, 2013.