Corporate Law Articles


Procedure for acceptance of deposits from members

Posted by Varad Khambete 29 November 2014 25770 Views

Dear All,Sec. 73 to 76 of the Companies Act, 2013 (CA13) & related rules govern provisions regarding acceptance of deposits by companies. I have prepared a note on procedure for acceptance of depo



Loan to director u/s 185 of Companies Act, 2013

Posted by CA SONIYA AGARWAL 28 November 2014 28266 Views

Section 185 of the Companies Act, 2013 provides for loans to directors.Section 185 now applies to all companies including private companies.A Company shall not directly or indirectly advance any loan or give any guarantee or provide security to any



Loophole in section 139 of the Co. Act, 2013

Posted by CA HEMANT SHARMA 22 November 2014 47410 Views

LOOPHOLE IN SECTION 139 OF THE COMPANIES ACT, 2013The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part



NACAS vis-a-vis NFRA

Posted by CA HEMANT SHARMA 13 November 2014 22772 Views

NACAS OF COMPANIES ACT 1956 Vis--vis NFRA OF COMPANIES ACT 2013(National Advisory Committee on Accounting Standard vis--vis National Financial Reporting Authority) As a corporate professional one should be equipped with the knowledge



Adoption of MOA & AOA

Posted by CS Divesh Goyal 13 November 2014 24770 Views

AMENDMENT IN MAIN OBJECTS, IF THE COMPANY IS CARRYING ANY BUSINESS COVERED UNDER OTHER OBJECTS IN THE MEMORANDUM OF ASSOCIATION. 1. PROVISIONS FOR OBJECT CLAUSE UNDER COMPANIES ACT - 1956 As per Section 13 of the Companies Act, 1956 the Object Clause



Procedure of conversion of private ltd. company into LLP

Posted by Nisha Sharma 13 November 2014 123688 Views

PREREQUISITES 1. No-Pending of E-forms filed by Company.2. No Charges should subsist at MCA site3. One financial year must over4. Update filing of all forms and returns5. Update - income tax filings. 2. PROCEDURE a. Board Resolution regarding Change



Internal Audit under the new Companies Act 2013

Posted by Tulasi S Sastri 11 November 2014 51942 Views

Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor? Since Internal Audit has been given statutory recognition (under Section 138 of the Act), and has been made mandatory for certain categori



Allotment of Equity Shares as per Companies Act, 2013

Posted by CA.Sangam Aggarwal 08 November 2014 78401 Views

The allotment of shares in preferential basis involves the following:PROVISIONSApplicable Sections & Rulesa. Sec.62(1)(c);b. Section 42; c. Rule 14 of Companies (Prospectus & Allotment of Securities) Rules



How to prevent instances of Fraud in Organizations? Some true stories

Posted by Tulasi S Sastri 05 November 2014 19879 Views

Under the new Companies Act 2013, in the Internal Financial Controls, to be instituted by the Board of Directors, one of the requirements is Preventing Frauds and Errors. In this context, I wish to share with you some true



Changes in auditor appointment

Posted by CA Vikas Garg 01 November 2014 43726 Views

Hello Frnds,As we know there are continuous going changes on Compliance of Co Act 2013. This time MCA has done before some days " NOTIFY" Form ADT-1 for Auditor Appointment w.e.f. 20th October 2014.Before notify this form we were submitti




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