Corporate Law Articles

Key Managerial Personnel

Posted by CS Divesh Goyal 21 March 2015 25574 Views

KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195

Provisions related to dividend as per IT Act & Co Act, 2013

Posted by MONIKA MANNAN 19 March 2015 25582 Views

Section 115-O(1) Of the income tax act provides that every domestic company required to pay dividend distribution tax in addition to income tax on any amount declared, distributed or paid by way of dividends (whether interim or otherwise), whether o

Section 92 - An identity crisis for promoters

Posted by Sundharesan Jayamoorthi 18 March 2015 19564 Views

Section 92 –An Identity Crisis for Promoter 92 of the Companies Act, 2013 (“Act”) require all companies including private companies to list out details in the prescribed format containing particulars as they stood on the close of t

Section 403 of Companies Act - Professionals Be Aware

Posted by Sundharesan Jayamoorthi 16 March 2015 65511 Views

Companies Act 2013 (the Act) can be one legislation that can be contrary to the most popular slogan Ease of doing business in India, it has led many corporates and professionals to re-think and re-define this slogan. With too many weird

Wake up call for companies in the month of March

Posted by CS Divesh Goyal 14 March 2015 33171 Views

The Companies needs to ensure Compliance of following provisions during financial year, 2014115 under New Companies Act, 2013. The below list is not exhausted list and every Company needs to check the applicability of other provisions of the Companie

Pay reduced PF administrative charges

Posted by Member (Account Deleted) 14 March 2015 41272 Views

Pay reduced PF administrative chargesReduction in Rate of Administrative Charges from 1.10°/o to 0.85°/o of the pay:The Ministry of Labour and Employment, Government of India, has issued a notificationNo. S.O. 323(E) and S.O. 324(E) both dated 02.02.

Section 143 of Co. Act, 2013

Posted by MANSHI BAID 14 March 2015 45078 Views

POWER AND DUTIES OF AUDITOR AND AUDITING STANDARDSSEC 143(1): This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company

Companies Act, 2013- Sec 447 & 448 - Fraud

Posted by CA Sripriya K 12 March 2015 58358 Views

1.Introduction Aspect Intent Result Punishment Sec 447 fraud in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position comm

Independent Directors- How much independent in India?

Posted by Ca Jai Prakash Agarwal 12 March 2015 12448 Views

The concept of independent directors is very holy concep

Cash flow statement (CFS) is mandatory

Posted by SAMEER AHMED 11 March 2015 83090 Views

Earlier Company act 1956 didnt include cash flow statement in the Defination of Financial statement,However as per New Company Act 2013, the Cash flow statement shall to prepare.As per Sec 2(40) for financial statement in relation to a