Corporate Law Articles

Insistence with Companies Act 1956: A Step Backward

Arijit Ghose 26 November 2013 at 11:30

The November 18th announcement made by ICAI seeking attention of those appearing for Nov, 2014 is definitely a step backward. After the entire Hullabaloo, post November 5th when CA final students were shell shocked to find themselves staring at the P

Different Committees as per the Companies Act, 2013

Vandana J Doshi 21 November 2013 at 12:21

The historic Companies Bill which had received the Presidents assent on 29th August, 2013 became the Companies Act, 2013, (hereinafter the new Act) by notification in the Official Gazette, on 30th August, 2013. Furthermore, the M

Audit and Auditors under the Companies Act, 2013 & Draft Rules

P ESWARAMOORTHY 18 November 2013 at 12:33

There is a huge tremendous Change in new Provisions under the Companies Act, 2013 with respect to Auditors as compared to the old Companies Act, 1956. The new Act intents to improve Corporate Governance and to further strengthen regulations. The Onu

An insight into Corporate Social Responsibility (CSR)

CA Abhishek Malpani 12 November 2013 at 21:56

Corporate Social Responsibility CSR as they are popularly known is after all the human face of business. Conceptually it recognises the solemn duty the business owes to the society. In a way it stands for

Transparency in Corporate Restructuring along with Ambiguity

Mohit 11 November 2013 at 13:05

With robustness and Transparency which New Companies Act offers, it has also bought lot of ambiguity and unnecessary issues which needs to be clarified by MCA. The New Act has introduced many new concepts as compared to the existing Act and made mate

The Companies Act, 2013 - Provisions relating to related Party disclosures

G S Rao 09 November 2013 at 16:01

Introduction: The Companies Act, 2013(the Act or New Act) aims at enhancing Corporate Governance by clearly defining the duties of directors and fixing additional responsibilities and defining the attributes and role of independent directors to

Intercorporate Loans/Investments+Co types - Summary

CA Chiranjiv Kumar 09 November 2013 at 13:03

Are provisions of inter-corporate loans and investments applicable only to public company?Yes.What are the conditions for making Inter-Corporate loans and investments?1. Approval of board.2. Unanimous resolution passed in board meeting.Is there any c

Corporate Social Responsibility - Highlights

Ashima chachra 09 November 2013 at 13:03

Corporate Social Responsibility (CSR) new hot topic introduced by Companies Act, 2013.Many times we have heard about CSR but what exactly it is let us now understand. What is CSR ? As a layman if we explain it t

Companies will not be able to receive share app money in cash

CA Nitesh Kumar More 08 November 2013 at 11:30

Penalty upto 2 crores: Private/Public Ltd. Co. will not be able to receive share application money in cash, utilize share application money for business & will have to open separate a/c for share application Many of the private limited compani

The Role of corporate governance in coping with Financial Crisis, Corporate Scandals and Failures

CS Suhita Mukhopadhyay 08 November 2013 at 11:30

Corporate greed & corruption witnessed in the Rs. 1.76 lacs crore 2G scam, which involved many large businesses last year only got bigger this year with a host of other cases grabbing the limelight. Be it the much bigger Rs.1.86 lacs coal scam,