SECTION 68 OF THE COMPANIES ACT, 2013 POWER OF COMPANY TO PURCHASE ITS OWN SECURITIES NOTIFIED DEBT TO CAPITAL AND FREE RESERVES RATIO FOR GOVERNMENT COMPANIES WHICH CARRY ON NON-BANKING FINANCE INSTITUTION ACTIVITIES AND HOUSING FINANCE ACTIVITIES ORDER [F.NO.01/04/2013 CL-V(PT-II)], DATED 10-3-2016 In exercise of the powers conferred under the proviso to clause (d) of… Read More »
Online Rulings/ Judgments of Company Law Board Orders of the Company Law Board pronounced from the year 2010 onwards under various sections of the Companies Act, 1956 & 2013, are available through on-line access on its website namely www.clb.gov.in. At present, there is no plan to include Company Law Board under the e-courts as the… Read More »
NOTIFICATION [F.NO.01/04/2013 CL-V (PART-II)], DATED 10-3-2016 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Share Capital and Debentures) Rules, 2014, namely:— 1. (1) These rules may be called… Read More »
Carry Forward of Unspent CSR Funds The Ministry of Corporate Affairs in its circular dated 12th January 2016, has clarified that, the Board of the Company is free to decide whether any unspent amount from out of the minimum required CSR expenditure is to be carried forward to the next year. This provision is uniformly… Read More »
Investigation of Corporate Frauds by SFIO To investigate corporate frauds of serious and complex nature the Government has set up a Serious Fraud Investigation Office (SFIO). The SFIO established vide Government of India’s Resolution No. 45011/16/2003-Admn-I dated 02-07-2003, has been notified under sub-section (1) of Section 211 of the Companies Act, 2013, vide Government of… Read More »
NOTICE INVITING COMMENTS ON THE DRAFT RULES W.R.T. REVIVAL AND REHABILITATION OF SICK COMPANIES RELATED PROVISIONS UNDER THE COMPANIES ACT, 2013
Companies Act 2013 to be amended to facilitate Ease of Doing Business A Bill shall be introduced in the current Budget session of the Parliament in order to amend the Companies Act 2013. While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that this will remove… Read More »
Issue : What is the relevant date upto which workmen’s dues in winding up need to be calculated ? Held On the relevant date upto which workmen’s dues in winding up need to be calculated, it is to be noted that under Section 445(3) of the Companies Act, 1956, the contract of the Company (in… Read More »
Notice inviting comments on the draft Companies (Cost Records and Audit) Amendment Rules 2016.
Policy for Adequate Autonomy to Companies In its endeavour to ease the process for FDI applications, Government launched a new secured FIPB website namely http://fipb.gov.in in 2015. Website offers increased portfolio services to applicants in an efficient manner and also allows more transparent way of business to keep applicant informed on the current status of… Read More »