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corporate law


Nidhi Companies to apply to the Central government for updation of their status in Form NDH-4

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..

Posted in news |   490 Views


MCA is looking to engage the services of Young Professionals (YPs) on a contract basis for different posts

F. No.2/1/CDMPS/R&A (Part-II)  Government of India Ministry of Corporate Affairs  (R&A Division) Ministry of Corporate Affairs is looking to engage the services of Young Professionals (YPs) on contract basis. Details of the posts and terms & conditions as well as period of engagement, eligibility, experience, etc. are as under:- 1. Name of post Young Professional-I Young Professional-II ..

Posted in news |   56 Views


Procurement from and Payment to the MSEs by CPSEs goes up phenomenally in the last six months

Procurement from and Payment to the MSEs by CPSEs goes up phenomenally in last six months Almost two and half time rise in Procurement & Payment between May & October, 2020 from about Rs. 2300 crore to about Rs. 5000 crore Against monthly procurement, the ratio of monthly payments also on rise from about 76% in May to about 80 % in October The ratio of monthly pendency of payment comes down from about 24% to about 20% during the period Ministry of Micro, Small & Medium En..

Posted in news |   143 Views


Buyback of Shares as per Companies Act 2013 and its latest Amendments

Through this article, I intend to summarize relevant provisions relating to Buy-Back of Shares as per Companies Act 2013 and its latest Amendments. I. Power of company to purchase its own securities Sec 68 (1) A company can purchase its own shares out of- Free reserves The securities premium account The proceeds of the issue of any shares or other specified securities   2. No Company shall purchase its own shares or other specified securitie..

Posted in articles |   576 Views


Standard Operating Procedure (SOP) for Processing FDI Proposals

.auto-style1 { text-align: center; } No. 1/8/2016-FDI Policy Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion 9th November, 2020 Standard Operating Procedure (SOP) for Processing FDI Proposals I. Online Filing of Application 1. Proposals for foreign investment in sectors/activities requiring Government approval as per the Consolidated FDI Policy dated 15.10.2020, as amended from time to time (FDI Policy) and Foreign..

Posted in news |   356 Views


EPFO issues clarification over contributory members and establishment data

Employees’ Provident Fund Organisation (EPFO), an statutory organisation under Labour and Employment Ministry, has stated that an article was published in a section of  media on 18.11.2020 under the caption “EPFO subscribers, firms down in Oct”. In this regard, EPFO has categorically clarified that the information contained in the article is incorrect and unsubstantiated. The article published claims a decline of 30,800 contributing establishments with EPFO in October f..

Posted in news |   645 Views


Consequences for non-payment of outstanding Annual Listing Fees for FY 2020-21

Listed Companies - Be Alert !! NSE and BSE both vide Circular Ref No: NSE/CML/2020/53 and notice no. 20201106-39 dated 06.11.2020, respectively has issued circular stating Action(s) to be initiated against listed companies for non-payment of outstanding Annual Listing Fees (“ALF”) for Financial Year 2020-21. This Circular has been issued to: The Company Secretary / Compliance Officer (To all Companies who have not paid Annual Listing Fees) The following action shall ..

Posted in articles |   560 Views


EPFO facilitates multiple options for submission of Digital Life Certificate by EPS pensioners

All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension . In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to submit their DLC, close to their home or at their door step. JPP submitted through all these modes/agencies are equally valid. In additio..

Posted in news |   453 Views


Concept Of Own Risk Solvency Assessment (ORSA)

The insurance companies being a financial institution prone to various types of risks. They are treated as custodians to the funds of the general public and hence to serve its policyholders properly they have to manage and mitigate various types of risk. These companies are taking risks of the general public in lieu of payment of a small amount of premium. Unless insurance companies manage their risks, they will not be in a position to effectively deliver their values to the customer and stay af..

Posted in articles |   411 Views


Concept of Reinsurance & Risk Management

Insurance companies generally take risks of insured in return for the premium. We know that these insurance companies are also prone to various types of risks. Since they are engaged in Financial Services and hence risks related to financing is huge in the modern scenario. These risks increase more and more after the liberalization of our economy. So, one of the most important acts of these insurance companies is to serve its Policyholders by safeguarding itself from various types of risks.&n..

Posted in articles |   337 Views


SEBI - Non-compliance provisions & Penalty Chart related to continuous disclosures

Overview Securities and Exchange Board of India (SEBI) vide Notification/Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2020/231 dated 13th November 2020, has published non-compliance with provisions related to continuous disclosures in the exercise of the powers conferred under sections 11(1) and 11A(2) of the SEBI Act, 1992 read with Section 9 and 21 of Securities Contracts (Regulation) Act, 1956. The Circular is issued to All Recognized Stock Exchanges All Depositories All issuer..

Posted in articles |   413 Views


How to Register a CA Firm Online? A Step by Step Guide

CA firms handle the Accounting, Auditing, Tax Consulting, Transaction Advisory, etc of a multitude of businesses. It wouldn't be an exaggeration to say that CA firms are extremely vital components of business transactions all over the globe. As far as the functioning of a CA firm is concerned, it is quite comprehensible. For a limited period of time companies hire chartered accountants from these firms as employee(s) to audit their financial transactions. However, setting up a CA firm in ..

Posted in articles |   1490 Views


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