Loan to Director: Section 185 of the Companies Act
Section 185 of the Companies Act 2013: Loan to Directors Section 1[185 (1): No company shall, directly or indirectly, advance any loan, including any loan represented by...
Company Law
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MCA extends Companies Fresh Start Scheme, 2020, and LLP Settlement Scheme
The Ministry of Corporate Affairs ( MCA ) has extended the Companies Fresh Start Scheme, 2020 till December 31st 2020 due to the COVID-19 pandemic....
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Manner of Selection of Independent Directors and Maintenance of Databank of Independent Directors
Manner of Selection of Independent Directors and Maintenance of Databank of Independent Directors Section 1[150(1) of the Companies Act 2013 Subject to the provisions contained...
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Section 128 of the Companies Act, Books of Account, etc., to be kept by Company
Section 128 (1) of the Companies Act 2013: Every company shall prepare and keep at its registered office books of account and other relevant books...
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AGM due date extended by 3 Months for all companies
The Ministry of Corporate Affairs(MCA) notified the extension of time for holding Annual General Meeting (AGM) for Financial Year 2019-20 which ended on 31 March,...
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Need for Rotation of Directors | Section 152 | Companies Act, 2013
Section 152 of the Companies Act,2013 is applicable on only: – Public Company Private Limited Company which is a subsidiary of a public company (Deemed Public Company) As...
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Disclose separately in the Annual Report: Research & Development Activities Relate to COVID-19 new vaccine, drugs and medical devices
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2020 G.S.R. 526(E).—In exercise of the powers conferred by section 135 and sub-sections (1) and...
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FILING OF STATEMENT OF DEVIATION OR VARIATION IN XBRL MODE BY COMPANIES
Notice No. – 20200721-13 | Notice Date: 21 Jul 2020 Category: Circulars Listed Companies | Segment: Equity Subject: FILING OF STATEMENT OF DEVIATION OR VARIATION IN...
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Updated Contact Number of MCA Helpdesk from 17/07/2020 onwards
MCA has released Updated Contact Number of Helpdesk from 17/07/2020 onwards for queries related to Company Name Availability and Company Incorporation and for queries related to Company or...
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Articles, Company LawCorporate Social Responsibility, Corporate Social Responsibility (CSR)- Brief analysis, Corporate Social Responsibility – Amendment – Section 135, CSR, CSR under Companies Act 2013- Concept Applicability Provisions Penalty, Section 135 of the Companies Act 2013, What is new under Section 135 of Companies Act 2013
Corporate Social Responsibility: Section 135 of the Companies Act 2013
Section 135(1): Applicability & CSR Committee of the Board: (a) Applicability: The CSR provision is applicable on every company, which meets the below mentioned criteria...