COMPANY LAW

Effect of new Rule 12A – Companies (Share Capital and Debentures) Rules, 2014

The term –Ease of Doing Business is popular nowadays and under this ‘Ease of Doing Business (EODB)’ several amendments are being made to the legislative framework for corporates by the MCA (Ministry of Corporate Affairs). In the same spirit MCA has notified Companies (Share Capital & Debentures) Amendment Rules, 2021, making it easier for the companies to close the offer period for Rights Offer within as minimum as 7 days… Read More »Effect of new Rule 12A – Companies (Share Capital and Debentures) Rules, 2014

Updates on Corporate Social Responsibility Amendment Rules, 2021

The MCA (Ministry of Corporate Affairs) has amended the Companies (Corporate Social Responsibility Policy) Rules, 2014 via notification on 22nd January, 2021. It should be noted that the MCA has brought vital changes in the Companies (Corporate Social Responsibility) Rules, 2014 (‘the Rules’) by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. Ministry of Corporate Affairs has issued Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, in order to… Read More »Updates on Corporate Social Responsibility Amendment Rules, 2021

Procedure for Removal of Director by Shareholders

The main role of a director /manager of any company is to manage a firm in such a way as to maximize the benefits to its shareholders, whilst ensuring that the company reckons with all applicable laws, rules & regulations. A director in the firm plays a vital role. He/she is liable for executing and determining the company’s policy. Apart from this, there are several critical operations that directors are… Read More »Procedure for Removal of Director by Shareholders

How to Apply for Directors’ Disqualification without Reviving Strike-Off Company?

Disqualification of directors can refer a situation in which a person is restricting from holding the office of director in any company. Under disqualification, a person cannot be appointed as a director in any company in a specified time period. Before going to details first you need to understand the term Director of the company. A Director can be any person who acts on behalf of the company as the… Read More »How to Apply for Directors’ Disqualification without Reviving Strike-Off Company?

Related Party Transaction | Section 188 | Companies Act, 2013

The related-party transaction refers to a deal which made between 2 parties who are joined either by a pre-existing business relationship or by the common interest. Companies oft find business deals with parties with whom they are familiar or have a common interest. Though related-party transactions are legal themselves, they may frame conflicts of interest or lead to other illegal situations. Public companies need to disclose these transactions. Under the… Read More »Related Party Transaction | Section 188 | Companies Act, 2013

ESOP Vs Sweat Equity Shares

Sweat Equity Shares is commonly known as equity shares issued by a company to its employees or directors at a discount or for consideration other than cash. In other term, it refers to the allotment of equity shares to employees as compensation for the efforts & hard work they provided in the growth and success of the company. The issuing of “sweat equity” can help the company to attract and… Read More »ESOP Vs Sweat Equity Shares

All About DIR KYC-3

Director Identification Number also known as DIN, refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. DIN is earned by filing a form known as e-Form DIR-3, which was initially a single-time process to be carried out by the one who wishes to become a director in one or more than one company. Important… Read More »All About DIR KYC-3

AGM Through VC or Other OAVM For FY 2019-20

According to Companies Act, 2013- section 96, companies need to hold their Annual General Meeting (AGM) within a period of six months from the date of closing of the financial year (FY). The company who are going to hold their first AGM will be held within a period of nine months from the date of closing of the financial year (FY) of that company. The MCA (Ministry of Corporate Affairs)… Read More »AGM Through VC or Other OAVM For FY 2019-20

ROC Compliance-DPT 3 & MSME 1

DPT-3 form is a one-time return form of loans that need to be filed by a company that has outstanding loans not treated as deposits. According to the latest Ministry of Corporate Affairs (MCA) Amendments, it is mandatory for all the companies excluding the Government Companies to file a onetime return for the outstanding receipts of money which are the loan of the company but are not considered deposits. How… Read More »ROC Compliance-DPT 3 & MSME 1

Mandatory Reporting of Loan by all Companies

MCA vide notification dated 22nd Jan 2019 came with two additional reporting where it wants to know the information about outstanding receipt of money or loan by a company.  DPT 3 is a return of deposits that companies need to file to enounce the information about deposits and/or outstanding receipt of loan or money other than deposits. One-time Reporting – Every Company is needed to submit a onetime return for… Read More »Mandatory Reporting of Loan by all Companies