corporate law

Nidhi Companies  to apply to the Central government for updation of their status/ declaration as Nidhi Company in Form NDH-4 in accordance to  amended provisions of the Companies Act and Nidhi Amendment Rules 2019 In order to make regulatory regime for Nidhi Companies more effective and also to accomplish the objectives of transparency & investor friendliness in corporate environment of the country, the Central Government has recently amended the provisions related to NIDHI..

Udyam Portal , a roaring success with enterprises, crosses 25 lakh registrations Even as the new Udyam Registration Portal (https://udyamregistration.gov.in) has evoked enthusiastic response amongst stakeholders, the requirement for registering on the portal have been further simplified by the government. The objective of the portal is to provide a single-page registration, consume less time and simplify processes of  registering any enterprise under MSME. The definition and details, ..

Government of India  National Financial Reporting Authority  7th Floor, Hindustan Times House,  Kasturba Gandhi Marg, New Delhi  Dated 8.3.2021  No. NF-12035/1/2021  To,  1. All Ministries / Departments of Government of India,  2. All State Governments / Union Territory Governments  3. RBI / Government Financial Institutions / Regulatory Bodies / Public Sector Undertakings / Statutory Bodies / Other Government Institutions  Su..

Government of India  National Financial Reporting Authority  7th Floor, Hindustan Times House,  Kasturba Gandhi Marg, New Delhi  Dated 08.03.2021  No. NF-12035/1/2021  To,  1. All Ministries / Departments of Government of India,  2. All State Governments / Union Territory Governments  3. RBI / Government Financial Institutions / Regulatory Bodies / Public Sector Undertakings / Statutory Bodies / Other Government Institutions  ..

The Ministry of Corporate Affairs (MCA) administers the Companies Act, 2013 (the Act), Limited Liability Partnership Act, 2008 and Insolvency and Bankruptcy Code, 2016. There is no provision for weeding out the Companies in the Act. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today. However, the Minister further stated that during the current financial year 2020-2021 i.e. from t..

Preamble Many professionals differ in their views for a Question as to 'Whether a Limited Liability Partnership can accept loan or deposit from an individual'? Some professionals are of the opinion that LLP can take loan/Deposit from individuals and some other says 'No'. This is an approach to remove the ambiguity. Whatever I state hereunder is my opinion and I request the reader to read corresponding Act and seek answer for the question stated above. Applicable statues for..

CORPORATE SOCIAL RESPONSIBILITY UNDER THE COMPANIES ACT, 2013 For conducting its business activities, a company exploits various resources of society and the environment. Corporate Social Responsibility (CSR) is an act of incorporating social and environmental concerns into the business model of the company. CSR has always been a topic of discussion in all forums. To achieve the intent of CSR policy, the Indian scenario called for a rethink of strategy. The amendments, being technical in n..

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section  Government of India  Ministry of Corporate Affairs  Notification  New Delhi, 5th March, 2021    S.O.  (E).- In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2017 (1 of 2018), the Central Government hereby appoints the day of  05 March, 2021 as the date on which the provisions of clause (i) of section 23 of t..

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]  GOVERNMENT OF INDIA  MINISTRY OF CORPORATE AFFAIRS  NOTIFICATION  New Delhi, O5-March, 2021  G S R (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely: -    1. ..

[To be published in the Gazette of India, Extraordinary, part II, section 3, sub-section (i)]  GOVERNMENT OF INDIA  MINISTRY OF CORPORATE AFFAIRS  NOTIFICATION  New Delhi, 5th March, 2021  G.S.R-(E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Management and Administration) Rules, 2014, namely:- ..

CBT meet on 4th March, first time in Srinagar after extension EPF Act in the UTs Consequent upon implementation of EPF & MP Act, 1952 in the UTs of J&K and Ladakh w.e.f. 31st October, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishments covered under the erstwhile JK PF Act as well as the employees of newly covered establishments. EPFO has set up Regional Offices at Srinagar, Jammu and facilitation center at L..

The 228th meeting of Central Board of Trustees, EPF was held today in Srinagar, Jammu & Kashmir under the chairmanship of Shri Santosh Kumar Gangwar, Union Minister of State for Labour & Employment(Independent Charge),Vice-Chairmanship of Shri Apurva Chandra, Secretary(L&E) and the Member Secretary Shri Sunil Barthwal, Central P F Commissioner. The Central Board recommended 8.50% annual rate of interest to be credited on EPF accumulations in members' accounts for the financi..