All decision taken by the Board of Directors have to be documented by passing Board Resolutions. The proceedings of every Board Meeting along with the various resolutions passed are recorded in the form of Board minutes. Section 118 of the Companies Act, 2013 provides the detailed procedure for maintenance of minutes. At any point of […]
Meaning And Importance Of Certified True Copy (Ctc) Read More »
Introduction The concept of “Convertible Notes” was first introduced vide Ministry of Corporate Affairs’ notification dated June 29, 2016 by way of amendment to the definition of Deposits. It is basically aimed to provide financing to a start-up company till it raises Series-A funding, with a simple and easy compliance procedure and without the requirement
Issue Of Convertible Notes By Start Up Companies Read More »
The Ministry of Corporate Affairs has been initiating various steps to identify companies which are registered under the Companies Act but are not performing any business activities. One of those, was the action taken by the authorities to strike-off names of lakhs of Companies from the official records for not carrying out business activities which
Active Company Tagging Identities And Verification(ACTIVE) For All Companies (INC-22A) Read More »
BENEFICIAL INTEREST I. Background: The concept of beneficial ownership refers to having a beneficial interest in any property, goods including securities. A beneficial interest is “that right (in the form of profit, benefit or advantage) which a person has in a contract made with another (third party)”. Beneficial interest is often referred to in matters
Analysis and disclosures on holding Beneficial Interest under Companies Act, 2013 Read More »
We have sent out quiet a few mailers intimating you about the daily penalty imposed by the regulator for delay in Annual filings which will result in a huge financial burden on the company. We now want to highlight a few more practical issues faced in the process. Requirements for Annual Filings as per the
Daily Penalty Imposed For Delay In Annual Filing and Consequences For Non-filing Read More »
The Hon’ble President has given his assent for promulgation of the Companies Amendment (Ordinance), 2018 with effect from Friday 2nd November, 2018 with a dual objective of promoting ease of doing business and better corporate compliance. The key highlights of Companies (Amendment) Ordinance, 2018 for Corporates are as summarised below. The amendments mainly aim to bring about:
Companies (Amendment) Ordinance, 2018 – Highlights Read More »
INTRODUCTION India has already marked its presence as one of the fastest growing economies of the world. It has been ranked among the top 10 attractive destinations for inbound investments. Since 1991, the regulatory environment in terms of foreign investment has been consistently eased to make it investor-friendly. India, with a young skilled workforce, high
Setting Up Business in India – An Overview Read More »
1. Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017 The Reserve Bank of India vide its notification FEMA.385/2017-RB dated March 03, 2017 has made the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000
Foreign Exchange Management (FEMA) Read More »
I. Introduction: The Maternity Benefit Act, 1961 regulates the employment of women in factories, mines, the circus industry, plantations and shops or establishments employing ten or more persons, for certain periods before and after child-birth and provides for maternity and other benefits. The 44th Session of Indian Labour Conference (“ILC”), had recommended for enhancing maternity
Maternity Benefit (Amendment) Act, 2017 Read More »
