I do get a lot of questions from the business owners who had incorporated their ventures but never filed any Annual returns so far, either due to less / NIL business or were not aware of the Compliance procedures, asking how to close down the business or negotiate for lesser fees with the Registrar which […]
Reference: Circular number. 07/2014 dated 01.04.2014 by Ministry of Corporate Affairs. Dissemination of Information with regards to provisions of the Companies Act, 2013 as notified till date vis-à-vis the corresponding provisions of the Companies Act 1956. The Ministry of Corporate Affairs had notified 98+1 sections on 12.09.2013 and 183 sections w.e.f 01.04.2014 of the Companies […]
As we delve deeper into understanding the Companies Act 2013, it is also important to understand the definitions of some of the Company law terms. Following table describes the terms defined by the Companies Act 2013 (as notified by the Government on 01.04.2014). Section Title Definitions Clause (1) Abridged prospectus “Abridged prospectus” means a memorandum […]
Roll out plan of various forms under the Companies Act, 2013 and continuance of forms under the provisions of Companies Act, 1956 In order to facilitate the completion of notified sections, Ministry of Corporate Affairs has planned a staggered roll out of various forms. It has been decided to waive fees for all event based […]
The most awaited New Companies Act,2013 is being rolled out /will be in effect starting from April 1′st, 2014 – according to the notification issued by Ministry of Corporate Affairs, dated 26th March, 2014. Following 183 sections or part thereof of Companies Act 2013 mentioned there-under will become applicable from April 1′st, 2014 and corresponding provisions […]
In this article I will try to give some insights on the Procedural aspects like remittance, issuance of shares and Reporting/Compliance to RBI (Reserve Bank of India), with the help of a case study. Each subscriber to the Memorandum of Association (MoA) of the company (Private or Public), after its incorporation shall be required to deposit minimum subscription money (i.e. […]
After hearing enough rambling on FDI’s and its urgent need to stop Indian rupee fall, one is very curious to know about FDI (Foreign Direct Investment) and trying to understand what qualifies as FDI and what routes are available for them to invest in our country. FDI as the name suggests, it is an investment […]
UPDATED : MCA has issued a Fresh Notification as on 26th March,2014. New sections or part thereof, of Companies Act 2013 mentioned there-under will become applicable from April 1′st, 2014 and corresponding provisions of Companies Act, 1956 cease to have effect from that date. Click here to know the details. According to the notification issued by MCA […]
On 30th August, 2013, the “Ministry of Law and Justice”, published the “Companies Act, 2013″ in the “The Gazette Of India”. Download a copy of the Companies Act 2013, as Published in “The Gazette of India”. Source : The Gazette Of India No related posts present.
Companies Bill, 2012 (Act No. 18 of 2013) has been assented today (30th August, 2013) by Hon. President of India. Here is the Backgrounder on the same. (Backgrounder Source: ICSI website). No related posts present.
Rajya Sabha passed the Companies Bill, 2012 on 8th August, 2013. It was earlier passed by Lok Sabha on December 18, 2012. Now it will be presented before the President for approval after which it will come into force. The new Law will be a progressive and futuristic law which promises improved corporate governance norms, […]
Before taking a look at the Wholly Owned Subsidiary (WOS) Formation Procedure, would like to describe some basics. What is WOS (Wholly Owned Subsidiary) ? When one company is 100 % owned by another company, it is called Wholly Owned Subsidiary of the company who has made 1oo % investment in it. e.g. ABC Pvt. […]
Understanding the Limited Liability Partnership (LLP) limitations / disadvantages would help the entrepreneur get the additional perspective of this structure. The entrepreneur needs to understand these things quite in details as it may create various stumbling blocks, which may delay breakthrough related to Start-up growth. Here in this article we would explore some of the […]
This is with reference to Annual filing of LLP (Form 8 and 11) for the financial year-end 31st March, 2013 with Registrar of Companies. The Ministry of Corporate Affairs has issued general notice for filing Form-8 (Statement of Account & Solvency) for the Financial Year ended 31-03-12 last year which is as follows: Notice for filing […]
Flexibility in LLP Structure and in its unique appeal has helped many entrepreneurs to leverage its inherent positiveness and make it as the first choice of their start-up structure. In the earlier article LLP for Start-up/SMEs we delved into the basics of LLP’s structure and in continuation of that , we dig deeper into various other aspects […]
LLP (Limited Liability Partnership) has its own advantage when compared to the traditional partnership and the Private Limited, as it picks the best of these two structures in one solid viable package. It tackles various challenges that entrepreneur faces when using a traditional partnership structure. The main focus of any Start-up is to keep the recurring cost […]
Importance of Annual Filing with RoC for a Private Limited Company **** Updated as on 17th October 2013 **** Updates : Since I am getting lot of queries/comments asking for the calculation of Last date of AGM or Last date of filing of accounts, I would like to explain the steps/logic to come up with those […]
The trend of starting up a new business in India is quite catching up, not in scale or pace that’s been seen in Silicon Valley. We see patterns wherein many want to start/build something new – working executives who have acquired enough skill sets and experience, along with a group of friends or freshers who […]
Due to technical issues arising after transition from TCS to Infosys, MCA has issued a Circular regarding relaxation of additional fees & extension of the last date in filing various forms. This move is really satisfactory for all the Stakeholders!! Circular No. 3/2013 Subject: Relaxation of additional fees and extension of last date in filing […]
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Recently one of my clients wanted to know if a particular Company is genuine i.e. registered with MCA (Ministry of Corporate Affairs) since he heard they were involved in some kind of fraud/scam related to Network/Chain marketing & wanted to know the details of the Directors of that Company as well. Since there is a […]