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Corporate Law News


Amendments made to Insolvency and Bankruptcy Regulations 2017

   09 February 2018 at 11:18

Amendments made to the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.Amendments come into force since yesterday after their publication in the Gazette of India;The Amendmen

Posted in Corporate Law  5 comments |   4989 Views


Status of reactivated DINs under condonation of delay scheme

   15 January 2018 at 11:16

Stakeholders of Condonation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivation’ of the DINs in respect of disqualified Directors has been complete

Posted in Corporate Law |   2700 Views


Reengineer the process of allotment of DIN

   09 January 2018 at 11:04

It is proposed to reengineer the process of allotment of DIN by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) in companies. DIR-3 (Application for Director Identification Number) would

Posted in Corporate Law |   2880 Views


Relaxation in the provisions of MAT for insolvent companies

   08 January 2018 at 11:06

Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 The existing pr

Posted in Corporate Law |   2640 Views


29403 companies registered as LLP in India in 2016-17

   06 January 2018 at 12:51

The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include

Posted in Corporate Law |   2148 Views


Registrar of Companies removed names of 2,26,166 defunct companies in 2017

   06 January 2018 at 12:51

The Government has initiated campaign against black money, wilful defaulters and erring directors. There are a number of registered companies that are facing action from authorities after the demonetisation.Prior to demonetisation, 16,08,637 number o

Posted in Corporate Law |   2337 Views


Reactivation of DIN for disqualified directors in progress

   05 January 2018 at 11:10

Stakeholders of Condonation of Delay Scheme (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivating’ the DINs in system in respect of disqualified Directors is in progress an

Posted in Corporate Law |   6306 Views


Companies (Amendment) Bill 2017 becomes an Act receives President's Assent

   04 January 2018 at 12:00

The Companies (Amendment) Bill, 2017 was passed by Lok Sabha on July 27, 2017 and by Rajya Sabha on December 19, 2017 and, now, on 3rd January 2018the bill has become an Act subsequent to receiving the President�s assent.With this latest amendm

Posted in Corporate Law |   7548 Views


Amendments to Insolvency and Bankruptcy law

   03 January 2018 at 11:13

Sub: Amendments to (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate

Posted in Corporate Law |   3198 Views


Properties of struck off companies from ROC cannot be used

   23 December 2017 at 11:05

Properties of struck off companies from RoC can�t be used, operated, transferred or alienated in any mannerThe Central Government has drawn the attention of all the concerned States and Union Territories (UTs) towards the fact that so far, 2,2

Posted in Corporate Law |   4116 Views