About the client: R&A Associates has advised and assisted the client for buy-back of shares. The client is primarily engaged in the business of industrial packaging and manufacture of strap, stretch, protective packaging, packaging tools and equipment that are used to apply in bulk packaging materials. Our Association and work– We have been associated with […]
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Background: A Director is responsible for controlling, managing and directing the affairs of a Company and faces the risk of disqualification, if he/she fails to fulfill the legal responsibility prescribed under Companies Act, 2013 (Act). A detailed note on Director disqualification, consequences and process of removal of disqualification is mentioned below. Director Disqualification as per
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About the client: R&A Associates advised and assisted the client for shifting of its registered office from one state to another. The client is primarily engaged in the business of railway track engineering, manufacturing of concrete sleepers, undertaking contracts for infrastructure project development and construction work. Our Association and work– We have been associated with
Background: Section 232(6) of Companies Act, 2013 specifies that the scheme under this section shall clearly indicate an appointed date from which it shall be effective and the scheme shall be deemed to be effective from such date and not at a date subsequent to the appointed date. The language of Section 232(6) of Companies
About the client: R&A Associates has been providing Corporate Secretarial services to a Listed Entity (“Client”). The client is primarily engaged in property development, civil construction contracts and infrastructure projects development and construction work. Our Association and work– We have been associated with the client and rendered the following services: Ensuring compliances as per the
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Brief on Independent Directors (IDs) Databank The Ministry of Corporate Affairs (MCA) has notified Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2019 dated 01st December 2019 which mandates all the existing and aspiring Independent Directors to register themselves in the databank. Ministry of Corporate Affairs (MCA) in association with Indian Institute
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Merger is a legal consolidation of two entities into one as a result of which the ownership, risk, assets, liabilities and functions are also consolidated. The term Merger is not defined in any Act. A merger usually takes place when a smaller company folds into a larger one through exchange of shares or cash. But
NEW ERA OF COMPLIANCE MONITORING MCA STARTED USING ARTIFICIAL INTELLIGENCE (AI) TO MONITOR COMPLIANCE UNDER THE COMPANIES ACT, 2013/1956. The AI driven mechanism called MCA Compliance Monitoring System (MCA-CMS) is now functional. Introduction The present Indian Government is highly determined to improve India’s ranking in the world bank list of ease of doing business. In
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Introduction: Small Companies are basically the companies with limited amount of investment and having the privilege of special status under the Companies Act, 2013. The concept of “small company” has been introduced for the first time by the Companies Act, 2013. The Act identifies some companies as small companies based on their capital and turnover
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The Ministry of Corporate Affairs (MCA) recently introduced the concept of Active Company Tagging Identities and Verification (ACTIVE) which required filing of new e-Form INC- 22A effective from February 25, 2019. Companies which complied with the requirement were tagged as ACTIVE and Compliant while the Companies which did not comply with the requirement were tagged
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