Corporate Law Articles

Changes in boards report

Posted by CS Vasudev Sharma 18 February 2015 20498 Views

CENTURY ENKA LIMITED Comparative Ananlysis of Directors Report as per companies act, 2013 and 1956 Sr.No. Companies Act, 2013 Companies Act, 1956 1 Business/ Financial Highlights Business/ Financia

Sec 138 - companies act, 2013- compulsory internal audit

Posted by CA Sripriya K 18 February 2015 135869 Views

Introduction and Old Vs New Section 138 of the Companies Act deals with Internal Audit of Companies. This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accounta

Dormant Companies - Sec- 455

Posted by CA Sripriya K 17 February 2015 24095 Views

Dormant Companies - Sec- 455 In certain cases, Companies are formed only for the purpose of holding certain assets or IPR or for a future project and such companies do not have routine accounting transactions. Further, it is also likely that certain

Section 73&76 of companies act not mandatory

Posted by ANMOL JHA 16 February 2015 28905 Views

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 2(31) of the Companies Act,2013, defines deposit and according to the definition all receipts of money by a company have been

Repayment of deposits u/s 74 of companies act, 2013

Posted by Raghavendra Chakravarthy 14 February 2015 23628 Views

Dear professional colleagues, Firstly I wish to thank Mr. Anmol Jha for bringing out this controversial topic to enlighten the professionals. I am herewith posting my understandings and comments, fo

Further issue of share capital u/s 62 CA,2013- Part-II

Posted by CS M.Kurtrala Nathan 13 February 2015 15413 Views

Section 62 of the Companies Act,2013 deals with the Further Issue of share capital to Employees under Employee Stock Options Scheme and to any persons on preferential basis. In my previous article (Part I), I have discussed about the Issu

Further issue of share capital u/s.62 of co. act, 2013- Part-I

Posted by CS M.Kurtrala Nathan 12 February 2015 21601 Views

A company (including Private company) having a share capital can increase its subscribed capital by issue of further shares to persons who are holders of equity shares of the company in pr

Repayment of deposits u/s 74 of the companies act

Posted by ANMOL JHA 11 February 2015 40820 Views

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 74 of the Companies Act,2013, provides that any deposit accepted before the commencement of the Companies Act,2013, needs to b

Fast track exit mode for defunct companies under section 560

Posted by Sahil Jolly 10 February 2015 24679 Views

Fast Track Exit mode for Defunct Companies under section 560 of the Companies Act 1956 A number of Companies registered under the Companies Act 1956 are inoperative since incorporation or commenced business but became inoperative or defunct later on

Lagaan - Is it CSR or GSR?

Posted by Sundharesan Jayamoorthi 07 February 2015 20352 Views

In the guise of Corporate Social Responsibility (“CSR”) the Government is delegating the social work in the hands of corporate; is CSR becoming a Government Shirking Responsibility (“GSR”). It is difficult to believe and compr