CHAPTER XIII: APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL
CHAPTER XIIIAPPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNELOFTHE COMPANIES ACT, 2013In the series of Comparative Analysis on the Companies Act, 2013 with the Companies Act, 1956 second chapter in...
View ArticleCORPORATE SOCIAL RESPONSIBILITY (CSR): UNDER COMPANIES ACT, 2013
Ministry of Corporate Affairs (MCA), has notified via notification dated 27th February, 2014, Section 135 and Schedule VII of the Companies Act, 2013 shall be applicable form 1stApril, 2014 and the...
View ArticleRelated Party Transaction Under the Companies Act, 2013
Related Party TransactionUnder the Companies Act, 2013Applicability of the SectionApplicable on both private and public company w.e.f 1st April, 2014 as per the MCA notification dated 26th March, 2014....
View ArticleONE PERSON COMPANY UNDER COMPANIES ACT, 2013
One Person Company (OPC): means a company which has only one person as a member. An OPC will be a private company for the provisions of this act.Formation/ Registration: No. of Members: One Member....
View ArticleCONVERSION OF PRIVATE COMPANY INTO ONE PERSON COMPANY
(1) A private company other than a company registered under section 8 of the Act having paid up share capital of fifty lakhs rupees or less or average annual turnover during the relevant period is two...
View ArticleRESOLUTIONS TO BE FILED WITH THE ROC
As per the new act not only the special resolutions or resolutions specified under section 192 of the Companies Act, 1956 but also the resolutions passed by the Board of both public as well as private...
View ArticleAnnual Return Format for Financial Year ended on or before 31st March, 2014
MCA has issued clarification on applicability of Annual Return format for the financial year ended on 31/03/2014. As per the clarification for the F.Y. ended before 01/04/2014 format of Annual Return...
View ArticleThe Companies (cost records and audit) Rules, 2014
Dear Professionals,The much awaited The Companies (cost records and audit) Rules, 2014 has been notified. For applicability of cost record Companies has broadly classified into four categories i.e.(A)...
View ArticleCLARIFICATION ON RELATED PARTY TRANSACTIONS
Ministry of Corporate Affairs has issued clarification on transactions/ matters following under section 188 (Related Party Transactions). It has clarified that: 1. For non-voting by the interested...
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498A: THE GLORIOUS CRIME???
photo by : http://www.freeclassifieds.in/classified-ad-41810.htmlIn recent past, I came out of theater with a thousand questions in my mind after watching “Daawat-E-Ishq”. Surely, all the girls are not...
View ArticleTHE COMPANIES (AMENDMENT) BILL, 2014
The Companies (Amendment) Bill, 2014 has been passed by Lok Sabha. This bill brings out the amendments to clear the practical difficulties and to promote the Commerce & Industry. The key...
View ArticleChecklist for Issue of Non-Convertible Debentures: Unlisted Company(Companies...
Please note as per the provisions of the Companies Act, 2013; for issue of Non-Convertible Debentures (NCDs) whether it be private company or public company if the securities (which includes...
View ArticleCONVERSION OF PRIVATE COMPANY INTO ONE PERSON COMPANY
To avail the advantages of One Person Company, many of the Corporates are willing to convert their small Private companies into One Person Company (OPC). The conversion will reduce the compliance...
View ArticleExtension for filing CRA-2 for Appointment of Cost Auditor
By Circular http://mca.gov.in/Ministry/pdf/General_Circular_02_2015.pdf MCA has further extended the time limit for filing CRA-2 for Appointment of Cost Auditors upto 31/03/2015.
View ArticleCONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY UNDER COMPANIES ACT, 2013
Sr. NoPurposeAttachmentsRemarks 1.Hold a meeting of its Board of directors to consider and approve the proposal for:· Conversion of public company into private company.·...
View ArticleMCA CLARIFICATION ON LOANS TO EMPLOYEES
MCA has clarified that loans and/or advances made by the companies to their employees, other than the managing or whole time directors (which is governed by section 185) are not governed by the...
View ArticlePRIVILEGES AVAILABLE TO OPC
Section PRIVILEGESSection 149The Company can have a minimum one and maximum 15 directorsSection 3The Company can be formed with a single memberSection 2(40)Cash flow statement is not mandatory part of...
View ArticleESI Checklist
Employees' State Insurance ActSr. No.ParticularsDetails1Applicability1. the Act is applicable to non-seasonal factories employing 10 or more persons.2.the Scheme has been extended to shops, hotels,...
View ArticleAPPOINTMENT AND QUALIFICATIONS OF DIRECTORS UNDER THE COMPANIES ACT, 2013
CHAPTER XIAPPOINTMENT AND QUALIFICATIONS OF DIRECTORSOFTHE COMPANIES ACT, 2013The Companies Act, 2013 is the new companies act 98 sections of this has been notified and are applicable from 12...
View ArticleCHAPTER XII: MEETINGS OF BOARD AND ITS POWERS
CHAPTER XIIMEETINGS OF BOARD AND ITS POWERSOFTHE COMPANIES ACT, 2013In the series of Comparative Analysis on the Companies Act, 2013 with the Companies Act, 1956 second chapter in the series is Chapter...
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TYPE OF BUSINESS ENTITIES IN INDIA
BUSINESS ENTITIES IN INDIA:Indian business sector is basically divided into organized and unorganized business entities. Organized sector is one which is under the direct control of Reserve Bank of...
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Legal Roll Over of India
Knock ! Knock!!!Who is There????Companies Act, 2013Knock ! Knock !!!Who is There???SEBI (LODR) Regulations 2015Knock ! Knock!!Who is There!!Direct Tax Code…Seems like its some party time, so many...
View ArticleAnnual Filing 2017-18
Ministry of Corporate Affairs extended the last date of filing financial statement and annual return for financial year 2017-18 by the Companies without any additional fee till 31stDecember, 2018 vide...
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All about ESOP for employees
Start-up culture is at its’ boom in India. Start-up attracts Venture Capital (VC) or Private Equity (PE). VC/PE investment sometimes requires hiring specialists. For Start-ups, it’s not easy to offer...
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REGISTRATION OF CHARGES
APPLICABILITY OF SECTION: Applicable on both private and public company w.e.f 1st April, 2014 as per the MCA notification dated 26th March, 2014.Amendment 29th May, 2015 via notification no. G.S.R....
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