Have you ever fallen in love with a Book?

Dear Professional Colleague: Thank you for your overwhelming response to the previous 3 editions of Corporate Law Referencer (CLR), making us one of the leading books on Companies Act, 2013 in India. We are glad to announce the release of the 4th edition of Corporate Law Referencer – the latest book on Companies Act, 2013,… Read More

Tags: Book on Companies Act 2013, CLR, Corporate Law Referencer

Process for registration of Registered Valuers

Process to be followed for registration as Registered Valuer with the Authority under the Companies (Registered Valuers and Valuation) Rules, 2017 The Central Government notified the commencement of section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18th October, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017… Read More

Brief Note on Condonation of Delay Scheme (CODS), 2018

  Brief Note on Condonation of Delay Scheme (CODS), 2018   Definition Defaulting company means a company which has not filed its financial statements or Annual returns as required under the Companies Act, 1956 or Companies Act, 2013, as the case may be, and the Rules made thereunder for a continuous period of three years.… Read More

Corporate Insolvency Resolution Process: A New Recovery Mechanism for Operational Creditors

Corporate Insolvency Resolution Process: A New Recovery Mechanism for Operational Creditors  Background The Insolvency and Bankruptcy Code, 2016 (the Code) provides for a specialized forum to oversee insolvency and liquidation proceedings for individuals, firms and corporates.  The code also recognizes National Company Law Tribunal (NCLT) as the Adjudicating Authority for the purpose of Insolvency and… Read More

Tags: Corporate Insolvency Resolution Process, IBC, Insolvency and Bankruptcy Code

Critique on Unpublished Price Sensitive Information- Kotak Committee report on Corporate Governance

A committee has been constituted by SEBI under the Chairmanship of Mr. Uday Kotak (“Kotak Committee”), whereby certain amendments have been proposed to the Indian legislations for listed companies. After careful deliberations, a report has been submitted by the Kotak Committee on Corporate Governance dated October 5, 2017 (“Report”). The purpose of the Report is… Read More

Sexual harassment of women at workplace in the light of recent legislative changes

Introduction: The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (‘The Act’) has adopted the definition as envisaged by the SC in the Vishaka Judgment[1] and any unwanted act which is sexual in nature constitutes to be an act of sexual harassment at work place. It includes any act, conduct or… Read More

Avail tax deductions under Section 80C to Section 80G

The Income Tax department of India offers tax deductions which help everyone to save tax legally by appropriately making use of the service. It is pretty essential that you invest in more than one avenue as you want to avail better returns with less tax burden. There are various ways in which tax deductions can… Read More

Tags: current fd interest rates, FD interest, Fixed Deposits, highest fd interest rates, Tax saving FD

Voluntary Winding Up: Dawn of the new regulations

Introduction The winding up process leads to dissolution of the corporate entity from its existing stature of a functioning body to a dormant one. Majorly it is done to unburden the corporate entity of the debts it has previously incurred from various stakeholders, which it can’t repay under the normal functioning of its day to… Read More

Bombay HC judgement on Promotion or increase in salary in a private-establishment

(A)      BRIEF FACTS: A.1      Petitioner is a registered company under the Companies Act and is publishing daily newspapers from Nagpur. Petitioner-company is an industry within the meaning of Section 2(j) and respondent is a workman under section 2 (s) of the Industrial Disputes Act, 1947. Instant petition takes an exception to the judgment and order passed… Read More

Tag: High Court; Labour Law; Employees' increment

Procedure for payment of Stamp Duty on Share Certificates in Delhi

Allotment of Securities S. NO. PARTICULARS DETAILS 1. Allotment within 60 days Allotment shall be done within 60 days of receipt of application money. 2. If not allotted within 60 days, refund in next 15 days If allotment is not done within 60 days then refund the whole application money within next 15 days. 3.… Read More

Comparative analysis of existing SS-1 with revised SS-1

COMPARATIVE ANALYSIS Article No. REVISED SS-1 (w.e.f. October 01, 2017) EXISTING SS-1 (w.e.f. July 01, 2015) 1.2.2 A Meeting may be convened at any time and place, on any day. A Meeting may be convened at any time and place, on any day, excluding a National Holiday. 1.2.2 (No such Provision) A Meeting adjourned for want of… Read More

9 reasons why you should set-up a Compliance Framework for your organisation

Dear Professional Colleague: I am sure that you will agree with me that the Compliance environment in India seems to suddenly have caught momentum. Many old laws are being repealed to give way to the new age laws like Companies Act, 2013 (CA2013), Prevention of Sexual Harassment of Women at Workplace Act, Maternity Benefit (Amendment)… Read More

Tags: Compliance, Compliance Framework, Compliance Management, Regulatory compliance

Amendment to Company Incorporation Rules: Shifting of registered office

SHIFTING OF REGISTERED OFFICE OF COMPANY Ministry of Corporate Affairs has issued the notification to further amend the Companies (incorporation) Rules, 2014 (hereinafter referred to as the principal rules) namely: the Companies (incorporation) Second Amendment Rules, 2017.   They shall come into force on the date of their publication in the official gazette http://www.mca.gov.in/Ministry/pdf/CompaniesIncorporationSecondAmendmentRules2017.pdf RULE 28: Shifting… Read More