Articles

Offence: As per section 3(38) of General Clauses Act, 1897 “Offence” shall mean any act or omission made punishable by any law for the time being in force. Compounding of offence: In today’s Corporate world, good governance means to comply with all the provisions of Corporate laws. Non compliance will result in penalties or penalties […]

INTRODUCTION Companies Act, 2013 has unveiled a new era in the Indian Corporate Sector which places more reliance on disclosure norms rather than on approvals. One such area is “related party transactions” which is covered under Section 188 of Companies Act, 2013. As per Ministry of Corporate Affairs Notification dated 26th March, 2014, section 188

Introduction The term video conferencing has become prevalent conference solution in the global business world today. Regardless of where you are, it allows you to have ‘face-to-face’ interaction with any one, any time and is cost-effective. Keeping in pace with the new technology, the Ministry of Corporate Affairs permitted companies to conduct Board Meetings through

INTRODUCTION: Minutes, are notes or the instant written record of a meeting or hearing. It serves as a record or as an important source of information. People referring to it, assume it to be correct on the face of it. There is a statutory obligation on the Corporates under Companies Act, 2013 to record the

It is that time of the year, which comes once in every five years, where every political party in India is seen competing with each other to woo the public for votes. The amount of money spent on canvassing by each political party is undoubtedly huge. There are many sources from where the political parties

We all are aware that a Company being an artificial person does not have a physical presence. Therefore, it acts through its Board of Directors for carrying out its activities and for entering into various agreements. The Company uses Common Seal as its Signature. Here, comes the role of “Common Seal”. Definition of Common Seal:

Introduction: The extant Foreign Direct Investment (‘FDI’) regulations, permit 100% FDI under the automatic route for trading companies engaged in the activity of Cash & Carry Wholesale Trading/ Wholesale Trading (hereinafter referred to as ‘Wholesale Trading’). However, earlier, this term was not specifically defined in the FDI policy. In 2010, the Government of India, through

Introduction The Companies Act, 2013 has not only removed the deficiencies in the earlier Act, but also introduced some new concepts. One of those is to make Companies realize their obligations towards the Society of which they are an important part of by spending some prescribed part of their earnings. This has been done by

Introduction: 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 for the purpose of providing certain relief/exemptions to these companies. Most of the exemptions provided to a small company are same as that

INTRODUCTION The crowning of the Companies Act, 2013 (“new act”) is all ready to rule & reign the territory with everlasting superseding powers but the stick of administration has still not been completely passed into its hand, as still there are sections which needs to be notified so as to reign the entire region with