Sections 94(1) and 117(1) of the Companies Act 2013 and the rules established thereunder require a company to file MGT-14 with the Registrar of Companies (RoC). Private corporations, on the other hand, are immune from filing Board Resolutions. For subjects mentioned in section 179(3) of the Firms Act 2013 read with rule 8 of the […]
By amending the definition of a small business and the setting up or incorporation rules for one-person firms in India, the Union Budget 2021-2022 has the most influence on the Company Act of 2013.
Existing definition: a small company is defined as a corporation that is not a public business and meets […]
The Companies Act of 1956 was no longer serving up to be of use in the current economic and corporate scenario of India. The government hence, introduced the Companies Act 2013, in an attempt to refresh the antiquated laws and introduce much-needed reform. The new Act was also brought into the mix […]
Compliances of Private Limited Company is the parliamentary act through which all the legal working of the companies may conduct its business activities by following some specific rules and regulations prescribed under the Companies Act 2013. The government can strike off the names of the companies who are going […]
Companies Act Section 2(68) states that a company with the minimum paid-up share capital of one lakh rupees or higher as may be prescribed, is said to be a Private Company. It provides that:
Companies Amendment Act 2017 (An Act to further Amend Companies Act, 2013) received the assent of the President of India on 3rd January, 2018. Further on 26th January, 2018 Ministry of Corporate Affairs has notified the enforcement of the provisions of Section 1 and Section 4 of the Amendment Act, 2017. Moreover, Ministry of Corporate Affairs […]
