Articles by CS Divesh Goyal

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

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