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Corporate Law Articles


Filing of Balance Sheet in XBRL Format and practical aspects

  CS Ankur Srivastava    12 August 2011 at 16:01

FILING IN XBRL FORMAT AND ITS PRACTICAL ASPECTS As such, following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:-



Company Law Settlement Scheme 2011: First Comes First!!

  Pankaj Pendse    10 August 2011 at 12:53

Ministry of Corporate Affairs vide its latest General Circular No.59/2011 has introduced a Company Law Settlement Scheme 2011 ( hereinafter referred as CLSS 2011) to regularize the belated filings of the documents with the Ministry of Corporate Affa



How Many House Properties an NRI Can Own or Hold in India?

  CA. Anuj Gupta    09 August 2011 at 11:36

Foreign Exchange Management Act,1999 under section 6(3)(i)grants permission to RBI to prohibit,restrict or regulate acquisition or transfer of immovable property in India, by a person resident outside India. RBI pursuant to powers conferred under se



SARFAESI Act'2002: Boon For Banks Curse for Borrower

  CA. Vikash Dwivedi    03 August 2011 at 11:37

THE SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSESTS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 SARFAESI Act, as the name of the act suggests, deals with 3 matters: Securitisation [Sec 2 (1) (z)] Reconstruction of Financial Asset [Sec



Can NRI or PIO Remit Sale Proceeds of Inherited Immovable Property

  CA. Anuj Gupta    01 August 2011 at 15:27

Sale proceeds of any immovable property inherited by NRI / PIO from a person resident in India can be remitted abroad subject to a ceiling of USD one million per financial year subject to production of documentary evidence in support of inher



Prevention of Money Laundry Act 2002 : A Synopsis

  CA. Vikash Dwivedi    28 July 2011 at 12:17

Introduction Money laundering is beomcing a pervasive cocept may it be Developed country or Developing country. to curb this more and more countries now bringing suspicious transations unders the leagal scanner. Moeny is Behind all ill acts and wis



Inter company loans and investments

  *RENU SINGH *    28 July 2011 at 12:17

The provisions of section 370 and 372 have been combined with sec 372 A



Can Resident Indians incorporate a Company/LLC outside India

  CA. Anuj Gupta    27 July 2011 at 10:56

I am being asked this query on almost daily basis by my friends and colleagues and all of them are of view that incorporation of Companies/LLC outside India is permitted in FEMA by RBI under Liberalised Remittance Scheme ,2004. To get the answer of



Provision of Section 58A and Applicability to Private Co

  kalpesh    20 July 2011 at 13:45

IMPLICATION AND SUMMARY OF SECTION 58A TO PRIVATE COMPANIES:-



CLB granting injunctions under section 397/398?

  Durga Rao    14 July 2011 at 15:13

Section 397/398 of the Companies Act, 1956 guarantees a right to the minority to approach the Company Law Board or the Tribunal seeking preventive and some remedial measures against the majority in the Company when there is an Oppression an