Corporate Law Articles

A Compliance Note: Loan to Directors (Section 295)

Pankaj Pendse 04 July 2011 at 12:00

Section 295 of the Companies Act deals with the pros & cons while giving loan to directors. The section states that No public Company can without the prior approval of the Central Government give any loan to or g

Conversion of Section 25 companies

CS Bijoy 01 July 2011 at 13:38

Conversion of Section 25 companies Introduction: Section 25 companies are those companies which are formed not for making profit but their main intention is to promote commerce, art, science, religion, charity or any other useful object related to

Mandatory Demat : An Overview

Pankaj Pendse 28 June 2011 at 12:37

Ministry of Corporate Affairs vide its recent circular No 17/143/2011-CL.V dated 6.6.2011 is considering to issue Companies (Dematerialization of Certificates) Rules, 2011. The key highlights of the said regulation will be... 1.

Fast Track Exit Mode for Defunct Companies

CS Ankur Srivastava 26 June 2011 at 13:02

Initially Ministry had issued Easy Exit Schemes to give an opportunity to the defunct Companies to get their name strike off from the records of ROC.

Circular Resolution Written Resolution

Vivek Sethia 26 June 2011 at 13:02

Passing of a Board Resolution by Circulation under Companies Act, 1956 of India Provisions Applicable Section 289 read with Regulation 81 of Table A of Schedule I. Provisions in Brief Whatever act is required to be done by the Boar

User Guide on Paying MCA21 Fees Via NEFT

CA KRISHNA KUMAR DARUKA 25 June 2011 at 20:17

Introduction: Currently MCA21 payments are allowed via Credit Card, Internet Banking & Physical Challan. The Ministry has authorized 5 banks (Indian Bank, HDFC, ICICI, PNB and SBI) for collection of MCA21 fees, which means that only the accoun

A Brief note on MCA's Green Initiative Circulars

Pravin Gupta CS 23 June 2011 at 12:28

MCAS Green Initiative; In order to save trees and environment by cutting down the consumption of costly paper habits, the Ministry of Corporate Affairs has taken a Green Initiative in the Corporate Governance by allowing pap

Holding of Board Meetings through Electronic Mode

Vivek Sethia 22 June 2011 at 12:59

Finally, Indian Corporate regulators have recognized the mode of holding the company meetings through electronic mode. Going forward meetings held through such mode shall now be duly accepted and recognized in court of law. The Ministry of Corpor

A Brief Note on Mandatory Annual filing in XBRL format

Pankaj Pendse 21 June 2011 at 13:15

A Brief Note on Filing Annual Financial Statements in XBRL Format Background: Ministry of Corporate Affairs (MCA) vide its General Circular No 09/2011 has

Filing of Balance Sheet and Profit and Loss Account in XBRL

CS Ankur Srivastava 11 June 2011 at 12:33

Filing of Balance Sheet and Profit and Loss Account in XBRL Format As such, now following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:- Listed Companies and their subsidiaries;