Corporate Law News

The Total Number of Companies in the Official Registry Crosses 13 Lakh

17 July 2013 at 12:12

The total number of companies in the official Registry of the Ministry of Corporate Affairs has crossed the 13 lakh mark. As on 31.05.2013, there were 13.21 lakh companies in the Registry. Of these, as many as 2.6 lakh companies have been closed for

Posted in Corporate Law | 4 comments | 12309 Views

Name availability guidelines, 2011 - Registration of Electoral Trusts as Companies under Section 25 of the Companies Act, 1956

01 July 2013 at 12:14

General Circular No. 12/2013 28.06.2013 Name availability guidelines,2011 - Registration of Electoral Trusts as Companies under Section 25 of the Companies Act,1956

Posted in Corporate Law | 11970 Views

Power of ROCs to obtain declaration/ affidavits from subscribers/first directors at the time of incorporation

30 May 2013 at 12:06

Power of ROCs to obtain declaration/ affidavits from subscribers/first directors at the time of incorporation

Posted in Corporate Law | 3 comments | 23613 Views

Corporate Social Responsibility and the Existing Companies Law

01 May 2013 at 10:48

There is no provision for Corporate Social Responsibility (CSR) spending by companies in the existing Companies law i.e. Companies Act, 1956. However, the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. Giving this informati

Posted in Corporate Law | 4 comments | 17901 Views

New Norms for XBRL Filing

30 April 2013 at 17:50

New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of 2,90,39 and 2,57,86 companies respe

Posted in Corporate Law | 1 comments | 21333 Views

Special Task Force Constituted in the SFIO to Investigate-The Affairs of Certain Chit Fund Companies

26 April 2013 at 11:51

The Ministry of Corporate Affairs has taken note of the misuse by certain “Chit Fund Companies” who have raised huge sums of money from the public at large. The State Governments are the appropriate authorities for regulation of such c

Posted in Corporate Law | 6312 Views

Monetary Ceilings of Salaries for the Corporate Sector including CEOS and CFOS

23 April 2013 at 12:06

There are no monetary ceilings of salaries laid down in the Companies Act,1956 for personnel serving in the corporate sector including CEOs, CFOs and Directors thereof. Giving this information in written reply to a question in the Rajya Sabha toda

Posted in Corporate Law | 14493 Views

Provision for Corporate Social Responsibility

23 April 2013 at 12:02

Under Companies Act, 1956 there is no provision for Corporate Social Responsibility (CSR) but the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. This Clause states that every company having net worth of Rs. 500 crore or mor

Posted in Corporate Law | 15255 Views

Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs

11 April 2013 at 10:39

Relaxation of additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs-reg Circular No 08/2013 Dated : 10-04-2013

Posted in Corporate Law | 11529 Views

Competition Commission of India - Amendments to the Combination Regulations

06 April 2013 at 12:09

The Competition Commission of India (CCI) has amended the Combination Regulations with a view to further simplify the filing requirements and bring about greater certainty in the application of the Act and the Regulations. The provisions of the Co

Posted in Corporate Law | 9144 Views