Corporate Laws
Declaration for Commencement of Business (Form INC-20A)
The penalty related to non-compliance is very high because many shell companies are engaged in the incorporation process without following the guidelines.
Corporate Laws
Return to the Registrar in respect of declaration u/s 90 of Companies Act
In accordance with Section 90 of the Companies Act, 2013, a company had to submit a form called BEN-2 to the Registrar of Companies as a declaration.
Corporate Laws
Amendments in Filing of Annual Returns by an OPC
The benefits of the modifications removing Form MGT-9 and replacing it with Form MGT-7A can be considered as a positive step.
Corporate Laws
Role of Intermediaries in Capital Markets
Intermediaries are SEBI has devised protocols to ensure that the chance of fraud or deception is minimized at every stage.
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
Form for Removal of Disqualification of Directors [Form DI-10]
Introduction: Directors are considered to be officers of a company who manages the affairs of the company. They are registered under the Companies Act and appointed by the company for the direction and management of the company’s business. They may work in the roles of agents, managing partners, or trustees. Read more…