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Articles by CS Divesh Goyal

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Proposed recommendations of The Companies Law Committee for Small Companies

  CS Divesh Goyal    09 February 2016 at 09:49

As we are aware that on 1stFebruary 2016, Ministry of Corporate Affairs uploaded the report of Companies Law Committee on its website. In this post, we will discuss recommendations of the committee related to Small Companies / Private Limited Compan



Compounding of offence

  CS Divesh Goyal    20 January 2016 at 13:53

Brief background:The compounding provision in the Act were inserted by the Companies Amendment Act, 1988 on the recommendation of the 1SACHAR COMMITTEE as amended by the Companies (Amendment) Act, 2000. It was felt that leniency is required in the ad



Process of condonation of delay

  CS Divesh Goyal    09 January 2016 at 12:46

Series- 119 PROCESS OF CONDONATION OF DELAY IN CREATION/MODIFICAITON/SATISFACTION OF CHARGECHARGE:Section 77 states that Companies are required to register ALL TYPES OF CHARGES, with ROC within 30 days of



Omnibus approval for related party transaction

  CS Divesh Goyal    08 January 2016 at 10:17

In case of Companies Act, is the board required to approve all related party transactions from audit committee?[1] The Companies Act 2013 prescribes that a company needs approval of the audit committee on all related party transactions and subsequent



Related Party Transaction Under SEBI (Listing Obligation & Disclosure Regulation)

  CS Divesh Goyal    07 January 2016 at 10:30

All the requirements and conditions to be fulfilled in case of related party transactions have been altered to be in line with the provisions of Companies Act, 2013. This is the provisions of SEBI (LODR), which are applicable with immediate eff



Non-Convertible Debt Securities & Non-Convertible Redeemable Preference Shares

  CS Divesh Goyal    17 December 2015 at 10:53

Securities and Exchange Board of India (�SEBI�) in terms of power conferred under SEBI Act, 1992 notified Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (�Listing Regulatio



Requirements w.r.t subsidiary of listed entity

  CS Divesh Goyal    14 December 2015 at 16:18

SEBI LISTING REGULATIONS (LODR)�CORPORATE GOVERNANCE REQUIREMENTS WITH RESPECT TO SUBSIDIARY OF LISTED ENTITY�CONDITIONS With Respect to Subsidiary of Listed Entity:I. Board of Director:At least one Independent Director of Listed Company



Shifting of registered office from one state to other

  CS Divesh Goyal    08 December 2015 at 16:58

Meaning of Registered Office: A registered office is the official address of a company to which all official letters and reminders will be sent by any person, any government or non government or regulatory body. In terms of Section 7 of the Companies



Annual filing under companies act 2013

  CS Divesh Goyal    07 December 2015 at 17:40

After Completion of one year of Companies Act, 2013 now it is the high time for the members to start work on Annual Return (MGT-7) and Director Report. The last date for E-filling of company�s Annual Returns and balance Sheet under Companies Ac



Appointment of auditor in case of non-ratification of auditor

  CS Divesh Goyal    04 December 2015 at 10:22

Provision of Ratification of Auditor: {First Provision of 139(1)}Act Language: The Company shall place the matter relating to such appointment for Ratification by members at every Annual General Meeting.Rule 3(7) Proviso: Appointment of Statutory Au