Corporate Law Articles

Section 139 - Appointment of Auditors

Saurabh Toshniwal 09 June 2014 at 11:57

Chapter X - Audit & Auditors (Section 139 to Section 148)Section 139 (Appointment of Auditors) Appoint at first annual general meeting who shall continue up to conclusion of 6th AGM Ratification by members at every AGM Written consent from Aud

Comprehensive Agenda Items of First Board Meeting in FY 2014

Ankur Garg 09 June 2014 at 11:57

Dear All, It is a fact that various new provisions / compliance have been prescribed by Companies Act, 2013. Some of these compliances are such where no transition period has been given. For example Section 12(3) and particularly clause (c) which req

Loan To Director - Simplified

CA Gaurav Mittal 06 June 2014 at 13:46

SECTION 185 & 186 OF COMPANIES ACT, 2013 SIMPLIFIEDPRACTICAL ASPECTS WITH EXAMPLES The section 185 of CA,2013 was notified on 12th September 2013 and was applicable from that day itself. If there is any deviation from the conditions laid under t

Company Act,2013 - Auditor - Part II

CA Chirag 06 June 2014 at 13:45

Rotation of AuditorsNewly enacted Companies Act, 2013 comes with a unique feature of Rotation of Auditors. No company can appoint an auditor for a period of more than five consecutive years.The said period of five years is of ten years in case where

Maintenance and Inspection of documents in electronic form.

CS M.Kurtrala Nathan 05 June 2014 at 12:36

Section 120 of the Companies Act,2013 and Companies (Management and Administration)Rules,2014 deals with the Maintenance and Inspection of documents in electronic form.Any document, record, register, minutes, etc are - (a) required to be kept by a co

Karniti Part-39: Now You Can Create Modiji Like One Person Company

CA Umesh Sharma 03 June 2014 at 16:26

Arjuna (Fictional Character): Krishna, Recently one person has shown that nothing is Impossible and created history, that person is Current Prime Minister of India Mr. Narendra Modi

Useful Interpretations about Companies Act, 2013- Part-1

Ankur Garg 03 June 2014 at 11:36

Dear Professional Colleagues, During the process of decoding new provisions and stipulations of Companies Act, 2013, I have observed below mentioned interpretations about few important topics which affect our day to day corporate working. This write

Acceptance of Deposits - Simplified (With Help of Examples)

CA Gaurav Mittal 02 June 2014 at 11:13

ACCEPTANCE OF DEPOSITSection 73 to 76 Simplified The companies Act 2013 by way of Section 73 to 76 has bought many changes in respect of Acceptance of deposits by company and the changes are applicable are on Private Limited Companies also. To unders

Power of company to Purchase its own securities (Buy-Back)

CS M.Kurtrala Nathan 02 June 2014 at 11:13

Section 68 of the companies act 2013 and Companies (Share capital and Debentures) Rules,2014 deals with the power of company to purchase its own securities.Sources of Buy Back:A company may purchase its own shares or other specified securities out

List of Resolutions to be filed with ROC in form MGT.14

Ankur Garg 31 May 2014 at 11:52

Dear Professional Colleagues, An attempt has been made from my side, through this brief write up, to list out the resolutions and Agreements which are required to be reported to ROC through filing of form-MGT.14 as desired by Section-117 of the Compa