Company Law - Corporate Law Reporter

FAQs on Secretarial Standards issued by ICSI effective from 1st July, 2015

Some important questions and answers prepared after ICSI webcast on Secretarial Standards- 1. If co. is giving notice in June month for its board meeting going to held in july so will SS be applicable for that meeting?? Ans:- No as SS will be applicable w.e.f 01.07.2015 2. What is serial no. of board meeting?… Read More

SEBI eased the public issue norms reduces timeline to boost market

Capital market regulator Securities and Exchange Board of India (Sebi) on Tuesday halved the time required between listing and closing of an initial public offering (IPO) to six days. Currently, the IPO timeline is trade (T)+12 (where T is the last day of the issue), which will be reduced to T+6 for all public issues… Read More

Secretarial Standards to be in force w.e.f 1st July, 2015

The Institute of Company Secretaries of India (ICSI) had vide ICSI Notification No.1 (SS) of 2015 dated 23rd April, 2015, as published in the Gazette of India Extraordinary Part III Section 4, issued the Secretarial Standards on ˜Meetings of the Board of Directors™ [SS-1] and ˜General Meetings™ [SS-2] [collectively referred to as the Secretarial Standards].… Read More

Secretarial Standard -1 as issued by ICSI

Secretarial Standard prescribes a set of principles for convening and conducting Meetings of the Board of Directors and matters related thereto. This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board. The principles… Read More

Secretarial Standard -2 as issued by ICSI

Secretarial Standard-2 seeks to prescribe a set of principles for the convening and conducting of General Meetings and matters related thereto. This Standard also deals with conduct of e-voting and postal ballot. This Standard is applicable to all types of General Meetings of all companies incorporated under the Act except One Person Company (OPC) and… Read More

Company law amendments will improve ease of doing business

The fresh amendments to the Companies Law will go a long way in improving ease of doing business as commented by the Institute of Chartered Accountants of India. The institute also welcomed the government's decision to set up an expert committee "to look into nitty-gritty and iron out creases". The proposed panel will also look… Read More

Sebi enhances vigil for money laundering through stock market

The Securities and Exchange Board of India has found hundreds of entities to have devised such unauthorised schemes to launder black money and evade taxes and is currently probing many other such cases. To check laundering of black money through stock market platform, regulator has enhanced its vigil for the entities engaged in such illicit trades… Read More

New CSR policy to boost water & sanitation sector

MUMBAI: The new amendment made by the Modi Government in the Companies Act is expected to facilitate faster channelisation of Rs 20,000 crore CSR budget, a major chunk of which will go into clean water and sanitation sector, which is in focus due to Swachh Bharat Abhiyan. "The latest amendment in the Companies Act 2013… Read More

High-level committee to look at more changes in Companies Act

Another round of amendments to Companies Act 2013 are in the pipeline after the government eased a host of provisions of the comprehensive law enacted by the previous UPA government that was seen by many experts as draconian in its penal provisions. Provisions related to intercorporate loans, managerial remuneration, independent directors, insolvency and SMEs are… Read More

Government panel to suggest ways to monitor CSR works

NEW DELHI: The government has set up a high level panel to suggest a framework to assess CSR activities done by corporates under the companies law. Certain class of profitable companies are required to shell out at least 2 per cent of their three-year average annual net profit towards Corporate Social Responsibility (CSR) activities. The… Read More

Sebi to soon come out with crowd-funding norms to help young entrepreneurs

Capital market regulator Sebi is expected to come out soon with crowd-funding norms to help young entrepreneurs and small groups of people raise funds. This would provide another avenue for new-age companies to mop-up funds after Sebi approved a new alternative trading platform for Internet start-ups to tap the capital markets. While it is still… Read More

Ease of doing Business in India help companies to take startup as private companies

The recent relaxations in the Companies Act, 2013, notified by the ministry of corporate affairs (MCA) for private sector, such as issue of share capital to reduced compliance burden, has caught the attention of budding entrepreneurs. As a minimum share capital is no longer required at the time of incorporation, rather than opting for other… Read More

MCA likely to notify Form INC-4, 1,29 and Form 4LLP w.e.f. 24th June, 2015

The Ministry of Corporate Affairs has come up with the General news that version of Form INC-4, INC-1, INC-29 and Form 4LLP are likely to be notified with effect from 24th June, 2015. So, all the stakeholders are requested to plan accordingly and file the necessary e-forms. Read More