Ministry of corporate affairs came up with the new concept that incorporation of anew company with in one day. It is simplified procedure (SINGLE WINDOW FORM)to incorporate new company with Name reservation, DIN, PAN, TAN & CIN. Inglobal scenario
The Code has come into effect in phases from 05.08.2016 to 15.12.2016. Some provisions are yet to come into effect.
Today the number of startup concerns are quite increasing. The percentage of legal challenges faced by a startup is also proportionately increasing. Startups focus more on building their business and brand. Unfortunately, they ignore the legal compon
Changing Facet of Law relating to Liability of Bankers
Compliance is a word that is resonating in the corporate world in recent times, more so after the debacle of an instant noodles brand last year. The Food Safety and Standards Authority of India (FSSAI) banned them for higher lead and MSG content. The
ESOPs BY FOREIGN HOLDING TO THE EMPLOYEES OF ITS INDIAN SUBSIDIARYList of Prescribed Compliances- Under FEMA and Companies Act, 2013A) Compliances Under FEMA:In compliance of Master Circular on Direct Investment by Residents in Joint Venture (JV) / W
The Ministry of Corporate Affairs (MCA), in exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 vide Notificat
IntroductionNidhi Companies are getting famous day by day in India as they are the cheapest way to register a Non Banking Financial Company (NBFC) in India. In India, NBFC's are governed by Reserve Bank of India (RBI) and need the net worth of
Section 168 of the Companies Act, 2013 (hereinafter referred to as "The Act") lays down the provisions relating to resignation of a director from his office. Section 165 of the Act,
Fast Track Exit (FTE) is one of the quick ways to shut down a company, when it is non-operational over a period of time.
IntroductionIt is a matter of great consternation that the Department of Company Affairs is working overtime to book companies for alleged violations of the provisions of Section 135 of the Companies Act, 2013(hereinafter the “Act”).Show cause Notice
Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016The Insolvency and Bankruptcy Board of India has issued the Notification on Insolvency and Bankruptcy Board of India. These Regulations shall come into force on 29th
Registration Process of Private Limited CompanyWHAT IS COMPANY?A company is a kind of business structure or a business organization. The company has been evolved from sole proprietorship business structure to partnership type of business and after th
Movies and companies have a huge influence on our lives today. While movies impact the popular choice of attire, language and behaviour, in the case of companies their influence is equally strong but only subtle. Not just for impact, but even in thei
Two is company�, a popular saying is no longer appropriate, after the enactment of the Companies Act, 2013, at least in the business world. With the introduction of One Person Companies (OPCs) any one individual can, on their own, form a compan
4R�s form the basis for enforcement of any law; Companies Act, 2013, is no exception. Registration, the first R give the registrant a right which is denied to others. Company law too requires registration for giving registrants the benefit of l
A Case Study Of India’s Enron
Companies Act, 2013, gives freedom to the Companies to do anything, which is legal and in the interest of stakeholders but with the approval of authority or by intimating authority in a manner as may be prescribed by the act.In Companies Act, 2013, s
A board of directors is the body elected or appointed members which looks upon the functioning of the government.
All about OPC and its advantages