Company Law Board

Prosecution Architecture Under The Companies Act 2013

Foreword Mechanism For Criminal Proceedings Under The Present Companies Act 1956 Generally at the time of scrutinizing the Balance Sheet and Other Financial Statements of the Company, if Registrar of Companies come across any lapses on part of the Company in recording the transactions and financial irregularities etc. and observed provisions of Companies Act 1956… Read More

Tags: Central GovernmentCompanies ActCompanies Act 1956Company Law BoardRegistrar of CompaniesSecurities & Exchange Board of IndiaSerious Fraud Investigation OfficeSFIO

Right Of First Refusal: A Contractual Restriction On Transfer Of Shares

Introduction Among various provisions of incorporating documents such as shareholder™s agreement in a corporation, an item will often appear labeled ROFR / Right of First Refusal. ROFR is a contractual right that obliges the selling shareholder not to sell its shares in the company to a third party without offering his shares to another party… Read More

Tags: Companies Act 1956Company Law BoardCorporationDelhi High CourtPre-emption rightRight of First RefusalROFRShareholders' agreement

MCA Clarification on applicability of Section 185 of Companies Act 2013 and Section 372A of the Companies Act, 1956

CLR Editorial Notes: After some of the Companies Act 2013 Sections were notified, the Ministry of Corporate Affairs received several suggestions and representations regarding the notification of Section 185 of Companies Act 2013 (which deals with loans to Directors - and which corresponds to Section 295 of the Companies Act, 1956). This comes at a… Read More

Tags: Board of directorsCompanies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryGovernmentMCANew DelhiSection 185 of Companies Act 2013

CLB Order regarding Constitution of benches for the purpose of Exercising and discharging the Board’s power and functions

File No. 10/43/2005-CLB GOVERNMENT OF INDIA COMPANY LAW BOARD Paryavaran Bhawan, 3rd Floor, B-Block, C.G.O. Complex, Lodhi Road, New Delhi - 110 003 Dated: 25/09/2013 ORDER   The Companies Act, 2013 received the assent of the President of India on 29.08.2013 and was notified in the Gazette of India on 30.08.2013. Towards its implementation, 98… Read More

Tags: Companies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryIndiaLodhi RoadNew Delhi

Amendments in Company Law Board Regulations,1991 in relation to Companies Act 2013

File No. 10/36/2001-CLB GOVERNMENT OF INDIA COMPANY LAW BOARD Paryavaran Bhawan, 3rd Floor, B-Block, C.G.O. Complex, Lodhi Road New Delhi - 110 003 Dated:25/09/2013 ORDER In exercise of the powers conferred by sub- section (4B) and sub-section (6) of Section 10(E) of the Companies Act, 1956 (1 of 1956) read with Regulation 4 of the Company… Read More

Tags: Companies ActCompanies Act 1956Company Law BoardCorporate Affairs MinistryIndiaInstitute of Chartered Accountants of IndiaNew DelhiRegistrar of Companies

NCLT will take over and re-hear all CLB cases, in which verdicts have been reserved

The advent of the Companies Act 2013, has provided a new lease of life for many judgments which have been reserved by the Company Law Board. Under the Companies Act 2013, National company Law tribunals will be taking over the hearing of all cases related to Company Law. It has come to the notice that… Read More

Tags: Companies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryMadras High CourtNCLTSupreme Court

“Mergers & Acquisitions In the New Era of Companies Law” – Assocham Conference

Overview The new Company Bill 2012 promises to bring easy and efficient way of doing business in India, better governance, improves levels of transparency, enhance accountability, inculcating self compliance and making corporate socially responsible. Some of the key changes to look for are in merger/de-merger processes, cross border mergers, fast track mergers between small companies… Read More

Tags: ASSOCHAMBusinessCompany Law BoardCorporate Affairs MinistryCorporate lawIndiaMergers & AcquisitionsNew Delhi

Ministry of Corporate Affairs issues Companies (Removal of Difficulties) Order, 2013

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated __] Government of India Ministry of Corporate Affairs ORDER New Delhi, the 20th September 2013 S.O. (E). - Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President… Read More

Tags: Central GovernmentCompanies ActCompanies Act 1956Companies Act 2013Company Law BoardCorporate Affairs MinistryIndiaNew Delhi

Company Board (Group ‘B’ Post- Section Officer) Recruitment Rules, 2013

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Shastri Bhawan, 5th floor, A-Wing New Delhi -110001 NOTIFICATION New Delhi the 15TH March, 2013. G.S.R. - In exercise of the powers conferred by the proviso to article 309  of the Constitution and in supersession of… Read More

Tags: Central GovernmentCompany Law BoardDepartmental AssistantGazette of IndiaGovernment of IndiaMinistry of Corporate AffairsNew DelhiUnion Public Service Commission

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