Corporate Laws
Amendments in filing Annual Returns by the One-Person Companies
The goal of revealing the company’s annual return year after year, is to guarantee that the company’s business operations are transparent.
Corporate Laws
Impact of SEBI allowing Direct Market Access to Retail Investors
The Direct Market Access facility has been hailed by many as they believe that this decision is path-breaking and is much needed.
Corporate Laws
Reforms in Dividend Distribution Tax
A dividend is the distribution of income by company to its shareholders. It is derived from the Latin word ‘Dividendum’, means to be a share.
Bare Act Analysis
Cognizance of an offense U/S 138 of the NI Act, 1881
Section 138 of the Act deals with the dishonor of cheques. It has no concern with the dishonor of other negotiable instruments.
Corporate Laws
Notice of Resignation by the Auditor [Form ADT-3]
If the auditor no longer wishes to work for the company for any reason, he may submit a letter of resignation to the company.
Corporate Laws
Form for Submission of Documents with The Registrar [Form GNL-2]
The purpose of the form is to ensure that the company is enabled to file a certain type of documents with the Registrar of companies.
Corporate Laws
Form for Filing Report on Annual General Meeting [Form MGT-15]
The Companies Act of 2013 mandates holding of an AGM to review the financial performance, the appointment of an auditor, and other matters.
Corporate Laws
Nidhi Company under Companies Act, 2013
Introduction: A Nidhi is a type of non-banking financial company (NBFC) that was formed to receive and lend money to its members only, for their mutual benefit. It aims to encourage the habit of thrift and savings among its members. So only the enrolled members can deposit and lend loans Read more…
Corporate Laws
Notice of Order of the Court or any Other Competent Authority [INC-28]
Introduction: On February 17, 2020, The Ministry of Corporate Affairs (MCA), issued procedures regarding filing documents in the MCA-21 registry, where it emphasized that a Resolution Professional (RP), Insolvency Resolution Professional (IRP), or a liquidator has been appointed for a company under the Insolvency and Bankruptcy Code of 2016. This Read more…
Corporate Laws
Application for Grant of License Under Section 8 (Form INC-12)
Introduction: In India, the notion of a non-profit organization is extremely old. It was formerly governed under Section 25 of the Companies Act of 1956, which is why it was known as a Section 25 Company. Non-profit making companies are covered by Section 8 of the Companies Act 2013, as Read more…
Corporate Laws
Application for Requesting Refund of Fees Paid [Form REFUND]
Introduction: The Ministry of Cooperate Affairs has launched its digital portal for easing out the process of legal and corporate compliance. All the compliances mentioned in the Companies Act, 1956, New Companies Act, 2013, and Limited Liability Partnership Act, 2008, can be adhered to using this portal. It has services Read more…
Corporate Laws
Application to the Registrar for Striking off the name for an LLP
Introduction: LLP[1] stands for Limited Liability Partnership, which combines the advantages of a corporation with the flexibility of a partnership. Regardless of changes in partners, the LLP can continue to exist. It has the ability to form contracts and possess property in its name. The LLP is a separate legal Read more…