Corporate Law Articles
A Compliance Note: Loan to Directors (Section 295)
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
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
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
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.
A Brief note on MCA's Green Initiative Circulars
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
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
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
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;
Compliance of Provisions of the Companies Act, 1956 and Rule
In order to ensure corporate governance and proper compliances of provisions of Companies Act, 1956, the Ministry of Corporate Affairs has decided that from 3rdJuly, 2011 all the Companies will have to file their updated Balance Sheet and Profit &
FAQs on Refund Process
How to get refund of excess /incorrect roc fees paid for availing MCA 21 services 1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make mu
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