Articles by CS Binit Thakur

Exploring the Legality: Interest-Free Loans from Parent Companies to Wholly Owned Subsidiaries

CS Binit Thakur 05 April 2024 at 08:38

The matter at hand involves the permissibility of a company extending an interest-free loan to its Wholly Owned Subsidiary Company, as governed by the provisions of Section 186 of the Companies Act, 2013. The key considerations and relevant provisions are summarized below.

Can LLPs Engage in Financing Activities? RBI's Approval Holds the Key

CS Binit Thakur 03 April 2024 at 14:11

Can LLPs do financing activity? If an LLP wishes to run non-banking financial activity, then it is required to obtain prior approval from the Reserve Bank before starting the business.

An overview on MSME - Revised Structure and benefits of MSME Registration

CS Binit Thakur 18 May 2020 at 10:42

The MSME registration scheme has no statutory basis. Units would normally get registered to avail some benefits, incentives, or support given either by the Central or State Govt. Benefits available under the MSMED Act.

Eligibility of CSR expenditure through a registered trust on school

CS Binit Thakur 29 April 2020 at 10:55

CSR is intended for spending on welfare areas for which the government claims to lack funds and requires assistance. Yes, Corporate can claim Contribution given to a School though any trust and/or Corpus of trust for the purpose of promoting education.

Law and Procedure for Fast Track Mergers and Amalgamations

CS Binit Thakur 18 February 2020 at 10:17

Law and Procedure for Fast Track Mergers and Amalgamations

Treatment of unspent amount of CSR

CS Binit Thakur 07 December 2018 at 10:56

Recently CSR Cell, Ministry of Corporate Affairs stared circulating notices to call for information u/s 206 of the Companies Act, 2013 regarding compliance

Shifting of Registered Office of Company

CS Binit Thakur 23 October 2017 at 10:56

Background/Extract of Companies Act, 2013.As per provisions of Section 12 of Companies Act, 2013. A company shall, on and from the fifteenth day of its incorpor..

Matters prohibited to be taken up through video conferencing under Companies Act 2013

CS Binit Thakur 05 August 2017 at 11:05

MATTERS THAT ARE PROHIBITED IN A BOARD MEETING CONDUCTED THROUGH VIDEO CONFERENCING AND MATTERS THAT ARE PROHIBITED TO PASS THROUGH CIRCULAR RESOLUTIONS.

Steps for incorporation of a company under new Companies Act

CS Binit Thakur 24 August 2016 at 10:51

An application has to be made with the Ministry of Corporate Affairs, DIN cell, New Delhi, electronically, in form no. DIR-3, for application for allotment of DIN.