Companies Amendment (Bill) 2017 Companies Amendment (Bill) 2017 was passed after incorporating certain notable amendments. The major amendments include definitions and clarification of certain terms in Section 2. Omission of provisions relating to Time limit 0f 270 days for certain filings, forward dealing and insider trading, doing away with the requirement of approval of the […]
Condonation of Delay Scheme, 2018 Under Condonation of Delay Scheme all companies registered in India including private limited company, one person company, limited company, section 8 company, and others are required to file the annual return with the Ministry of Corporate Affairs each year.
Conversion from Limited Company to Private Limited Company Do you want to change your limited company to private limited company? There are many companies looking for change limited company to private limited company. The main reasons are the relaxations available to a private company. However, there are some legal bindings related to the conversion of […]
How can we close business running in the name of LLP? To avail the hybrid benefits of Corporate Body and Partnership firm, an entity known as Limited Liability Partnership is introduced by Limited Liability Partnership Act, 2008. None organization structure is left without any set-backs or limitations. Hence, considering the limitations the Partners of LLP […]
When all directors are disqualified – How to appoint a new director While there is confusion prevailing over What next after disqualification of Directors- How to appoint a new director ? MCA is yet to come out with any official clarification on it. There are many companies which are affected due to the steps were […]
The Key Financial Statements of a Business Understanding Financial Statements of a Company Would you like to do business without an idea of where it’s going? It’s like shooting without aiming. Even if you believe that your business is doing great, and your earnings are going up, you need financial statements. The objective of financial […]
MCA Limits Layering of Subsidiaries by Companies The Ministry of Corporate Affairs (‘MCA’) on September 20, 2017 notified the proviso to Section 2(87) of the Companies Act, 2013 (‘Act’) and the Companies (Restriction on the number of layers) Rules, 2017 (‘Layering Rules’). Prior to said notification, the restriction on the numbers of subsidiaries as specified […]