Category - Company Law

Easy Exit scheme extended till 30th April, 2011

Download Notifications Easy Exit scheme circular     Read More

Companies – Issue of Share Certificate Rules 1960

Companies - Issue of Share Certificate Rules 1960 Read More

ICAI e Journal March, 2011

Download the eJournal from Institute of Chartered Accountants of India for March, 2011 ICAI e Journal - March-2011 Read More

Tag: ICAI

Allotment of DIN Process Simplified

Company Law : Section 266B of the Companies Act, 1956 - Director Identification Number The MCA vide Notification dated March 26, 2011 has issued the Companies (Director IdentificationNumber) Amendment Rules, 2011 (Rules) whereby the process for obtaining a Director IdentificationNumber (DIN) has been simplified. In terms of the Rules all applications for DIN will be… Read More

Procedure for change in Registered Office

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Tag: checklist

Stamp duty implications arising out of an issuance and transfer of debentures of an unlisted company

[2010] 98 CLA (Mag.)  5 Sidharrth Shankar ¢ Vatsal Gaur As part of any transaction involving issuance of debentures by a company, or transfer of debentures of a company, a crucial question which often arises is as to determination of the stamp duty payable on such issuance or transfer of debentures. The answer to this… Read More

Directors™ vicarious liability for dishonor of company cheque Landmark judgment of Supreme Court

[2010] 98 CLA (Mag.)  1 By Dr. K R Chandratre In this article Dr. K R Chandratre, Practising Company Secretary ; Past President, Institute of Company Secretaries of India, discusses standard penal provision which fastens vicarious liability on the directors of the company for offences committed by the company in the light of the landmark… Read More

Oppression/Mismanagement Matter following within the purview of MOU

Any issue relating to a matter which falls under the purview of the memorandum of understanding (˜MoU™) between the parties is not within the purview of the Company Law Board and cannot be entertained in a proceeding under section 397/398. Companies Act, 1956 Section 397/398 Oppression/Mismanagement Petition for relief against Issue relating to a matter… Read More

Tag: Oppression and Mismanagement

Default in filing Annual Return

Sections 159 and 168 Offence and prosecution Default  in filing annual return Prosecution of director who resigned before default took place How far tenable Where the director resigned from his post, his resignation was accepted and was communicated to the Registrar of Companies prior to the default of non-filing annual return took place, he cannot… Read More

Restoration of defunct company

Section 560 Defunct company Restoration of Whether it is a mandatory requirement for the Registrar  to send notice to the company before striking off name from register If the name of the company is struck off  from the register of companies without notice under sub-section (6) of section 560, the Registrar of Companies is required… Read More

Tag: Defunct company

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