Vide the Companies (Incorporation) Amendment Fifth Rules, 2016 dated 29th December 2016, INC-2 is deprecated and INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs and Companies… Read More »
Eligibility Letter u/s 139(1) of the Companies Act, 2013 [ Illustrative Formats of acceptance letters to be submitted by the incoming auditor u/s 139(1) of the Companies Act, 2013 (the formats are illustrative only and not mandatory ) : Ethical Standards Board of ICAI ] Illustrative Eligibility Letter u/s 139(1) of the Companies Act, 2013… Read More »
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 26th December, 2016 G.S.R. ….(E).- In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013… Read More »
General Circular No 16/2016 F. No. 1/28/2013-CLV Government of India Ministry of Corporate Affairs 5th floor, A’ wing, Shastri Bhavan, Dr. R.P.Road, New Delhi – 110001. Dated 26th December, 2016 To All Regional Directors, All Registrar of Companies, All Stakeholders. Subject : Removal of names of companies from the Register of Companies – clarification regarding… Read More »
(To be published in the Gazette of India, Extra-ordinary, Part II, Section 3, Sub-Section (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th December, 2016 S.O. (E),-in exercise of the powers conferred by sub-section (3) of Section 1 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints… Read More »
Major policy initiatives and achievements of the Ministry of Corporate Affairs (MCA); MCA entrusted with the responsibility to administer the Insolvency and Bankruptcy Code, 2016 (Code);The Insolvency and Bankruptcy Board of India (IBBI) established; Stabilization of the Cost Records and Audit Rules Year End Review – 2016 Ministry of Corporate Affairs Following are the… Read More »
Directors -Meetings and Resolutions Dossier of 100 resolutions required during Board and Committee meetings. Book takes a comprehensive approach to understand the requirements of the office of a director, his roles, responsibilities, liabilities in the light of the relevant sections, decided cases and the applicable Secretarial Standards, when it comes to procedural aspects like board… Read More »
Procedure to remove a Director of Company The shareholders of a company can remove any director through ordinary resolution before the expiry of his tenure, except any director appointed by the Tribunal for prevention of oppression and mismanagement under Section 242 and a director appointed under the principle of proportional representation under Section163 of the Companies… Read More »
Contribution to Political Parties Contributions to political parties are governed by Section 182 of the Companies Act, 2013. A company that is not a Government company and which is in existence for at least last three financial years may contribute up to 7.5% of its average net profits during the last three years to a… Read More »
National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure) Paperback – 2016 Link to Buy National Company Law Tribunal (NCLT) & National Company Law Appellate Tribunal (Practice & Procedure) Chapter I Historical Background of National Company Law Tribunal (NCLT)/National Company Law Appellate Tribunal (NCLAT) Chapter II Constitution of National… Read More »