Articles by CS Divesh Goyal

Comparison of CARO reporting as per Companies Act, 2013 and Proposed Caro (2016)

CS Divesh Goyal 23 April 2016 at 11:59

Comparison of CARO reporting as per Companies Act, 2013 and Proposed Caro (2016)The Ministry had set-up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor�s Report unde

Deemed public company - Subsidiary of Public Limited Companies

CS Divesh Goyal 22 April 2016 at 10:49

A. History:The Companies Act, 1956 provides for two kinds of Companies: Private and Public. However, prior to amendment of the Act in the year 2000 by Companies (Amendment) Act, 2000 w.e.f. 13th December 2000, one more type of Companies prevailed, i.

Provisions relating to MD / WTD as per companies act, 2013

CS Divesh Goyal 21 April 2016 at 11:05

SECTIONS INVOLVED:Section 152(2): Save as otherwise expressly provided in this Act, Every Director shall be appointed by the company in general meeting.Section 170(2): A return containing such particulars and documents as may be prescribed, of the di

Appointment & continuation of managerial personnel above the age of 70

CS Divesh Goyal 18 April 2016 at 16:47

Provision:As per 196(3) No company shall appoint or continue the employment of any person as managing director, whole-time director or manager who is below the age to twenty-one years or has attained the age of seventy years:Provided that appointment

Fraud Reporting

CS Divesh Goyal 18 April 2016 at 11:51

Financial fraud is a phenomenon that haunts everyone alike. Not only does it mean loss of an asset for the one who has been at the receiving end of a fraud, it has the capability of shaking the roots of

Procedure for the closure of the LLP Suo Moto

CS Divesh Goyal 15 April 2016 at 11:24

In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, , it can make an application to the Registrar of Companies for declaring the company as defunct and removing t

Whether dividend can be paid in kind?

CS Divesh Goyal 09 April 2016 at 12:36

Provision: As per Section 123(5) of Companies Act, 2013 Dividend not be payable except in cash.Dividend: Section 2(35) of the Companies Act, 2013 simply states that "Dividend Includes Any Interim Dividend&

Amendment in Provisions of Section 185 as per Companies (Amendment) Bill, 2016

CS Divesh Goyal 22 March 2016 at 11:16

Amendment Provisions Loan to Director: New Section 185 (1) � Any director of Company, or of a Company which is its Holding Company or

Recommendation for deposits

CS Divesh Goyal 22 February 2016 at 10:59

Proposed recommendations of The Companies Law Committee for Deposits under Companies Act, 2013Definition of Deposit:The Committee considered the suggestion for making the definition of deposit less restrictive, but felt that adequate prescriptive pow

Duties and obligations of the recognized stock exchanges

CS Divesh Goyal 10 February 2016 at 10:45

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)RegulationDUTY TO DISSEMINATION ON WEBSITE: (Regulation 92)INFO TO BE PUBLISHED: Recognized Stock Exchange upon receipt of the following below mentions from