Companies Act 1956 had never been a pain for the listed companies, with them being overly concerned with complying with the Listing Agreement and SEBI. However, the advent of Companies Act 2013 has brought a paradigm change in the scope and importanc
SECTION 188 RELATED PARTY TRANSACTION Section No - 188 of Companies Act 2013About - Related Party TransactionsApplicable on - Private and Public limited comp
Introduction:Section 121 of the Companies Act,2013 and Rule 31 of Companies (Management and Administration) Rules,2014 deals with Report on Annual General Meeting. This is the new provision introduced by the Companies Act ,2013, which mandates the re
Key Highlights on Corporate Social Responsibility under Companies Act, 2013Abbreviations:1. CSR Corporate Social Responsibility 2. CSRP Corporate Social Responsibility PolicyImportant Points:1. CSR committee needs to be constituted if
Companies Act, 2013A review and immediate actions required Sr. No Particulars Section Action to be taken Time limit 1. Changes in letterhead, bills etc Section 12(3) Pri
Detailed provisions of depositExisting Deposits: Where the deposit accepted by the company before the commencement of this Act, the amount of such deposit or part thereof or any interest due thereon remains unpaid on such commencement or becomes due
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
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
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
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