Budget 2021’s Impact on the Companies Act of 2013: Recent Updates

By |2021-06-17T07:31:14+00:00June 17th, 2021|Categories: Budget|Tags: , , , |

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. Changing the definition of a small company  Existing definition: a small company is defined as a corporation that is not a public business and meets the following [...]

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MGT-14: Compliance, STP, Penalty and Download

By |2020-03-16T09:21:40+00:00April 29th, 2019|Categories: Company Articles|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Form MGT-14 was introduced in the Companies Act 2013. The purpose was that certain resolutions need to be filed with the Registrar of Companies, after the passing of the same at a Board meeting or the one held by Shareholders/Creditors of the company. As per Section 117(3), a copy of every resolution or any agreement, together with [...]

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Exemptions Private Limited Companies are Entitled to under Companies Act, 2013

By |2021-02-01T11:12:46+00:00October 29th, 2018|Categories: Company Articles|Tags: , , , , , , , |

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 to deploy ease of [...]

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Compliances of a Private Limited Company

By |2021-07-02T06:48:30+00:00August 23rd, 2018|Categories: Private limited|Tags: , , , , , , , |

Overview 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 forward without following the compliances as well [...]

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What is Companies Act Section 2(68)

By |2021-07-01T08:54:26+00:00August 21st, 2018|Categories: Company Articles|Tags: , , , , , , |

INTRODUCTION 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: there is a restriction in transferring its shares its members are limited to two hundred, except in One Person Company prohibits [...]

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Summary of Sections Notified Under Companies Amendment Act 2017

By |2021-07-01T08:55:22+00:00July 31st, 2018|Categories: Company Articles|Tags: , , , , , |

Introduction 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 [...]

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