corporate law

Ministry of Corporate Affairs issues notification for constitution of the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT); Hon’ble Justice S.J. Mukhopadhaya, Judge (Retd.), Supreme Court of India joins as the Chairperson of the NCLAT while Hon’ble Justice M.M. Kumar, Judge (Retd.) joins as the President ..

Companies (Corporate Social Responsibility Policy) Amendment Rules, 2016   PFA the attached file to know more in details/stron..

The requirement of appointment of woman director emanates from Section 149 of Companies Act, 2013.  SEBI has mandated that listed companies to appoint one woman director on its board.  Companies can appoint any woman as director who is not otherwise disqualified for appointment as a director in terms of requirements of the Companies Act, 2013 and such a di..

The report of Companies Law Committee (CLC) was submitted on 01/02/2016 vide which the Committee had suggested changes in 78 sections of Companies Act, 2013 not including the consequential amendments in other sections of the Act. The Government has accepted most of the recommendation of the Committee and accordingly, the Companies (Amendment) Bill, 2016, was introdu..

The Indian Institute of Corporate Affairs (IICA), a body established under the Ministry of Corporate Affairs had launched a certificate programme for CSR in the year 2014, for preparing professionals for CSR through a nine months programme –‘IICA Certificate Programme (ICP) in CSR’. In the first batch 169 participants, of which 60 were corporate sp..

The status as on March 31, 2016 for the listed companies that have not complied with the requirement of appointing woman director on their Board is as under:     ..

Companies Law Committee (CLC) constituted by Government to look into issues arising out of implementation of Companies Act, 2013 has in its report made recommendations to ease private placement procedures laid down under Section 42 of the Companies Act, 2013. Simplified procedures are recommended for all private placements irrespective of the type of company. The CL..

No cases of frauds are lying pending since long in the Office of Registrar of Companies (RoCs) and Regional Director.  Cases involving serious fraud are sent to SFIO without any undue delay. The number of cases sent to SFIO and the prosecutions filed in the last three years:   table border="1" cellpadding..

Orders of the Company Law Board pronounced from the year 2010 onwards under various sections of the Companies Act, 1956 & 2013, are available through on-line access on its website namely www.clb.gov.in.  At present, there is no plan to include Company Law Board under the e-courts as the Board will stand dissolved on..

Government has taken action against any company for non-initiation of any action on the complaints of their investors. Investors’ complaints received in the Ministry and its field offices are forwarded to the concerned companies for remedial action. In case the company fails to redress the grievance of the complainant and/or is found to be in violation of the ..

The Number of Companies registered under the Companies Act during the year 2014-15 is 64,395. The number of Companies listed  in stock exchange during the year 2014-15 is 66.   The total authorised capital of public and private limited companies registered during the year 2014-15 is Rs.8,826.80 crore and 22,953.93 crore respectively.   The ..

The Companies Law Committee was constituted (Annexure-I) in fulfillment of an assurance made by the Corporate Affairs Minister during discussion on Companies (Amendment) Bill, 2014 in the Rajya Sabha in response to the concerns raised by Members in Rajya Sabha as well as for addressing issues raised by various stakeholders regarding the Companies Act, 2013. ..

After commencement of various provisions of the Companies Act, 2013 and rules thereunder, various issues received from Industry Chambers and stakeholders were examined in consultation with stakeholders. In order to address the issues received, certain rules have been amended. The compliance norms, wherever changed have been done keeping in view the need to strike a balance between regulatory re..

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, gave its approval for moving of the following Official Amendments in the Companies (Amendment) Bill, 2014 :-    i. Do..

  The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the change in the definition of a ‘Private Sector Company’ in the guidelines for financial support to Public Private Partnerships in Infrastructure under the Viability Gap Funding Scheme (VGF Scheme). This has been done to remove any ambiguity in inter..