The Ministry of Corporate Affairs vide its notification dated 24th March 2021 has amended the Companies (Accounts) Rules, 2014, in the exercise of the power conferred under section 139 along with Section 469 of the Companies Act, 2013 and the…
Section 23 and section 45 of Companies (Amendment) Act, 2020
The Ministry of Corporate Affairs vide its notification dated 24th March 2021 issued the commencement of Section 23 and Section 45 of the Companies (Amendment) Act, 2020. Notification: http://www.mca.gov.in/Ministry/pdf/CommencementNotification_24032021.pdf Section 23 of the Companies (Amendment) Act, 2020 seeks to amend…
Corporate Restructuring an approach to Expand Business
Section 230 to 240 of the Companies Act, 2013 contains provisions of ‘Compromises, Arrangements, and Amalgamations’, that covers: Compromise or arrangements, Mergers and amalgamations, Demergers, Corporate Debt Restructuring, Fast track mergers (process for small companies/holding subsidiary companies), Takeovers, Cross border…
Restriction On Non-Cash Transactions Involving Directors
Section 192 of Companies Act 2013 seeks to provide the manner in respect of regulation of arrangements between a company and its directors in regard to the acquisition of assets for consideration other than cash. This clause furnishes that such…
Fast Track Mergers
Mergers and amalgamations are the processes of amalgamation of two or more entities/companies through inorganic means.It is a time-consuming process for all companies irrespective of their size, net worth, and turnover.This procedure wascomplex and timetaking for all stakeholders involved in…
Secretarial Audit & Company Secretary In Practice
Secretarial Audit was initiated by MCA under section 204 of the Companies Act, 2013read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Secretarial Audit is a process by which the compliances with the provisions of various laws and…
Holding Of Annual General Meetings Through Video Conferencing: Part-2
The Ministry of Corporate Affairs has vide notification dated 05th May 2020 has relaxed the provisions of conducting the Annual General Meeting (AGM) by allowing conducting AGM through Video Conferencing or other Audio-Visual Means. The ministry has published the below…
Easing Of Filing Of Forms For Creation Or Modification Of Charge
The Ministry of Corporate Affairs has vide its notification dated 17thJune 2020 (General Circular No. 23/2020) introduced the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013and further amended…
Alternative Dispute Resolution
Alternative dispute resolution (ADR) as its name suggests the alternative way to resolve your disputes. So, ADR refers to a variety of processes that help parties resolve disputes without a trial. Typical ADR processes include arbitration,mediation,neutral evaluation, and collaborative law. …
Buy Back Of Shares
Provision of Buy Back is covered under section 68, 69, and 70 of the Companies Act, 2013 and Rule 17 of Companies (Share Capital & Debenture) Rules, 2014 The maximum amount of Buy back by the company: Under the provisions…