companies act 2013

Strike off of Company Without Filing of Annual Returns

(1) Power of Registrar to Remove Name of Company from Register of Companies.  As per section 248 of Companies Act 2013, the registrar of Companies may remove name of company from Register of Companies if:- (a) a company has failed to commence its business within one year of its incorporation.(b) a company is not carrying …

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Corporate Compliance Calendar for January, 2021

Corporate Compliance Calendar for January, 2022

This article contains various Compliance requirements for the Month of January, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations. ”Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ compliance” Compliance …

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All about Related Party Transactions – Part 3 (Voting and Approval))

Voting (Sec 188, Sec 184) The basic question anyone can raise now is that “Can a Related party vote?” If yes, in what circumstances? Listed Companies – RPs can’t vote (whether party to transaction or not) All Material RPTs shall require approval of the shareholders through a resolution (Regulation 23) Unlisted Public Companies – If …

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All about Related Party Transactions – Part 2 (Determination & Approval)

Determination of Related Party Transactions Related Party Transaction in the context of companies means transaction between the company and its related parties. Every transaction with related party is related party transaction, however, approval mechanism may be different and situational. Transactions with related parties need not always be disadvantageous to the parties concerned. The concern arises …

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All about Related Party Transactions – Part 1 (Definition Part)

Framework Companies Act – Sections 177 & 188 SEBI (LODR) – Regulation 23 Accounting – AS 18, Ind AS 24 What is a Related Party? (Answered as per Companies Act) Individual Sense :- Director, Relative of Director KMP, Relative of KMP Director (and his/her relative) of Holding Company (Except Independent Director) KMP (and his/her relative) …

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Comprehensive guide to Loans under Companies Act , 2013 (Including Deposits)

Company is an artificial person created by Law. Two human agencies, through which a company acts, are members of the company and Board of directors. The Board is a managerial body to whom is entrusted the whole management of the company. It is constituted by the members. Directors are accountable to the members as much …

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Vacancy At National Financial Reporting Authority (NFRA) https://www.livelaw.in/job-updates/legal-jobs-managerassistant-manager-vacancy-at-national-financial-reporting-authority-nfra-187092

Breaking: NFRA Issues Consultation Paper for Removing Compulsory Audit of Micro, Small & Medium Companies (MSMCs)

A preliminary analysis has been done by National Financial Reporting Authority (NFRA) on the key financial parameters of the companies registered in India from their MCA-21 filings and it is found that the fees paid to auditors by a large majority of Micro, Small and Medium Companies (MSMCs) are way below what an audit, when …

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