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INVESTOR EDUCATION AND PROTECTION FUND (IEPF) – A step in the right direction
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘Principle Rules’) were implemented by MCA on September 05, 2016 wherein it laid down the detailed procedure for transfer of unclaimed dividend and underlying shares...
Annual Report
The Annual Report (AR) gives a synoptic view of the organizational structure, functions and activities of the Company undertaken during the previous financial year. The AR is a yearly publication by the company by the end of the financial year and is sent to the...
Content of Board’s Report as per Companies Act, 2013
A board report is an essential document produced by the board of directors of a Company incorporated under Companies Act detailing the requirements of Indian Corporate Laws say, Companies Act, 2013, SEBI (LODR) Regulations, 2015 and various other laws. It explains the...
Notices Issued by Registrar of Companies in Form STK-1
The Registrar of Companies (ROC) has initiated the process of issuing the notice in Form STK-1 u/s 248 of Companies Act, 2013 to companies which are not carrying any business or operation for a period of immediately preceding two financial years, but has filed their...
Ready Reckoner to keep pace with Companies Amendment Act, 2017
The Companies Law Committee (“CLC”) was constituted by the Ministry of Corporate Affairs (MCA) in 2015 to submit recommendations on the functioning of Companies Act, 2013. The intent of the amendment act was facilitating ease of doing business in India, better...
Dormant Company under Companies Act, 2013
Background Under Companies Act, 1956, a company which does not submit its Annual Filings for three consecutive years would be declared as dormant company. However, there was no specific provision for the same. But now under Companies Act, 2013, recognition has been...
Private Placement under Companies Act, 2013- Revised Provisions
The Companies Amendment Act, 2017 revised assent of President on January 3, 2018. The Central Government can appoint different dates for enforcing different provisions of Companies (Amendment) Act, 2017. The Ministry of Corporate Affairs (MCA) vide notification dated...
Proposed Amendment in Re-classification of Shareholders
The provisions for re-classification of shareholders are detailed in Regulation 31A of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 [SEBI LODR Regulations] while Companies Act is silent on the same. Regulation 31A of SEBI LODR Regulations...
Form DIR-3 KYC: A new step to weed out fictitious directors
A new step has been taken by ministry for updating database of directors registered and ensuring that only genuine individuals are responsible for running the affairs of business. A new E-Form DIR-3 KYC has been introduced under new Rule 12A, vide the Companies...
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