Corporate Law News

Relaxation in the provisions of MAT for insolvent companies

08 January 2018 at 11:06

Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 The existing pr

Posted in Corporate Law | 2652 Views

29403 companies registered as LLP in India in 2016-17

06 January 2018 at 12:51

The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include

Posted in Corporate Law | 2163 Views

Registrar of Companies removed names of 2,26,166 defunct companies in 2017

06 January 2018 at 12:51

The Government has initiated campaign against black money, wilful defaulters and erring directors. There are a number of registered companies that are facing action from authorities after the demonetisation.Prior to demonetisation, 16,08,637 number o

Posted in Corporate Law | 2388 Views

Reactivation of DIN for disqualified directors in progress

05 January 2018 at 11:10

Stakeholders of Condonation of Delay Scheme (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivating’ the DINs in system in respect of disqualified Directors is in progress an

Posted in Corporate Law | 6336 Views

Companies (Amendment) Bill 2017 becomes an Act receives President's Assent

04 January 2018 at 12:00

The Companies (Amendment) Bill, 2017 was passed by Lok Sabha on July 27, 2017 and by Rajya Sabha on December 19, 2017 and, now, on 3rd January 2018the bill has become an Act subsequent to receiving the President�s assent.With this latest amendm

Posted in Corporate Law | 7593 Views

Amendments to Insolvency and Bankruptcy law

03 January 2018 at 11:13

Sub: Amendments to (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate

Posted in Corporate Law | 3261 Views

Properties of struck off companies from ROC cannot be used

23 December 2017 at 11:05

Properties of struck off companies from RoC can�t be used, operated, transferred or alienated in any mannerThe Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far, 2,2

Posted in Corporate Law | 4158 Views

Achievements of Ministry of Corporate Affairs during 2017

22 December 2017 at 12:01

True to the motto on Ministry of Corporate Affairs (MCA) website of �Empowering Business, Protecting Investors� and its function as Regulator, Integrator, Facilitator and Educator, Ministry of Corporate Affairs was actively and affirmativ

Posted in Corporate Law | 3324 Views

Major policy initiatives and achievements of MCA in 2017

22 December 2017 at 12:01

Major policy initiatives undertaken and achievements made by the Ministry of Corporate Affairs during the year 2017.Major thrust on checking the menace of black money by striking-off more than 2 lakh shell companies from the Register of Companies

Posted in Corporate Law | 2178 Views

Insolvency Professionals to act as Interim Resolution Professionals

18 December 2017 at 10:56

Insolvency Professionals to act as Interim Resolution Professionals or Liquidators (Recommendation) Guidelines, 2017Provisions in the Insolvency and Bankruptcy Code, 20161. Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires

Posted in Corporate Law | 2403 Views