Corporate Law Articles

Penalty and punishment for auditors

Posted by CS Divesh Goyal 23 March 2015 19047 Views

PENALTY & PUNISHMENT ON AUDITORSUNDER COMPANIES ACT, 2013 A. Contravention of Provision of Section 139-146: (Attendance in General Meeting): If any provisions of this Section contravene then: Penalty on Company: The company shall be punishable wi

Women Director-Countdown Begins

Posted by Guest 23 March 2015 9775 Views

Companies Act, 2013 along with Companies (Appointment and qualification of Directors) Rules, 2014 had made it mandatory for the following class of companies to have at least one women director in their Board: a) All Listed Companies b) Every Public

Key Managerial Personnel

Posted by CS Divesh Goyal 21 March 2015 25579 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 25584 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 19566 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 65512 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 33173 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 41274 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 45081 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 58359 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