September 20, 2017     by bsamrishindia.com
Companies Act 2013 (New Act) brought in many changes. One such change is the concept of uniform Financial Year. Companies Act 1956 (Old Act) defined Financial Year in Section 2(17) as: "Financial Year" means, in relation to any body corporate, the period in respect of which any....
August 5, 2017     by Anupama
  In the light of easing FDI policies a recent step taken by Government of India is to abolish 25 year old FIPB . The proposed mechanism i.e. applicable from year 2017-18, has been introduced to make India a far more investor-friendly destination and to reduce....
August 3, 2017     by Srishti Luthra
  Over the years, the concept of ‘Majority Rule and Minority rights’ has been a matter of great controversy. It is evident from the principle laid down in ‘Foss v Harbottle’ that the will of the majority shall hold and even the Courts refuse to interfere in the....
August 2, 2017     by Sanjoli Singh
Over 1.62 lakh companies have not been carrying out business activities for long have been deregistered and a series of action against such shell companies have been taken, said the Minister of Finance, Mr. Arun Jaitely. Registrar of Companies (ROC), by the virtue of power....
July 13, 2017     by Sanjoli Singh
CHARGING SECTION As per Section 131 of the Companies Act, if it appears to the directors of a company that— (a) the financial statement of the company; or (b) the report of the Board, do not comply with the provisions of section 129 (Financial....
July 4, 2017     by Akshay Kapoor
The Companies Act, 2013 has prescribed various E-form(s) for intimating major events of the Company such as director changes, annual filing of financial statements, increasing the capital, allotment of securities etc, under the respective Rules made therein. However, no separate....
July 3, 2017     by Mayank Verma
Since the day Companies Act, 2013 was majorly notified, i.e. 01st April, 2014, it was widely criticised for being not business friendly and for being too restrictive. With the present Government’s resolve towards ease of doing business in India, several measures have been....
July 3, 2017     by Anupama
FLA (Foreign Liabilities and Asset) Return under FEMA (Foreign Exchange and Management Act, 1999) is Annual Return required to be submitted by all the India resident companies, Partnership firms, Branches or Trustees which have received FDI and/ or made overseas investment in....
May 29, 2017     by Simratjeet Kaur
  There can be many modes of closing an LLP. Strike off, Voluntary Liquidation or filing for bankruptcy are few options depending upon the facts. If the LLP is not doing any business or never did any business after incorporation, it is advisable to follow an easy process of....
May 29, 2017     by bsamrishindia.com
  It is mandatory to appoint a Managing Director in case of Listed Companies and the Public limited companies having paid up share capital of INR 100 million (~1.55 m USD). Many Indian subsidiaries of foreign companies follow the general practice of appointing....
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