Company’s Act

Company Act

The Parliament of India defines Company Act as a statutory law which; regulates formation of a company, its rules/association with members/directors & its dissolution. In India, it was first passed in the year 1913 with the acceptance of the Companies bill, but being older to more than 50 years it was later amended to Company’s Act 1956.

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How to Manage Sandwich Leave with your Company?

Productivity in any organization entirely depends on the performance and dedication of the manpower involved in it. Employees working long hours are entitled to a few leaves including weekly, monthly, and some casual leaves on account of Public holidays. Some…

Soundtrack Registration

In India, a sound that is graphically represented by a succession of musical notes with or without words can be protected under the Trademark Act. The registration of a sound under the Trademark Act will depend on if the sound…

Protection of Unregistered Mark

A Trademark means a mark/ sign or symbol which distinguishes the goods or services of one person/organization from those of others. Trademark ensures that your unique brand name and the attached brand value are well protected.  In this competitive era,…

Everything you should know about Inter Corporate Loan

Any company is authorized to provide loans, investments, guarantees,s, and securities, to other companies or corporate bodies but having full consent of the board or that of the shareholders. Here, we would talk about the different provisions that Section 186…

STEPS FOR ALTERATION OF SHARE CAPITAL?

Before jumping into the clause, let’s initially know, What is ALTERATION OF SHARE CAPITAL? Alteration of Share Capital literally translates to the alteration in the current structure of the capital pertaining to a firm. A company is allowed to alter…

Labour Law Compliances

The Corporate Sector is obliged to follow some mandatory rules and regulations made for the labour class. These set of rules and guidelines are based on the rights and the constitutional duties of employers specified in the Concurrent List of…

Companies Fresh Start Scheme 2020 – as announced by MCA

Ministry of Corporate Affairs (MCA) has now come up with relief for all law-abiding Companies, who defaulted in any of their previous filings with Registrar of Companies (ROC). Ministry for all default adjustments of companies has introduced Companies Fresh Start…

Joint Venture: Formation & Agreement

A Joint Venture Agreement is a contract between two or more parties who want to do business together for a period of time. Instead of creating a formal partnership or new legal entity, a contractual  JV allows the parties to…

One Person Company Registration

To opt for a business format like One Person Company is a refinement option in business a sole proprietor. By forming a One Person Company, a single promoter of business gains full authority and the opportunity to run his own business single-handedly. One…

Registration Mistakes By Entrepreneurs & Start-ups

With any opportunity before getting too far, it is essential that you go through small things first, then take big steps with the right foot. To have a new start-up on board, everything must be on time and well planned….

Government Approves More Amendments in the Companies Law: Decriminalization, Offences

In 2019, the Companies law was amended in July to tighten the corporate social responsibility (“CSR”) norms and to assure that the Act preserves strict action on non-compliant entities.   In the same year in November, Government appointed a high-level panel to…

Inter- corporate Loans and Investments by Companies

Section 186 of the Companies Act, 2013 guides all about the provisions related to inter-corporate loans and investments which a company is permitted to do. For companies, it specifies all rules, limits, conditions, and procedures to undergo before extending any…

Conversion of Partnership to Company – Procedure, Rules & Tax Effect.

Due to a rise in regulatory policies for ease of doing business for companies and announcement of a special reduction in the corporate tax rate through the Taxation Laws (Amendment) Ordinance, 2019, many leading entrepreneurs and firms are opting to…

My company is denying me of maternity leave, what can I do

Female Maternity Leave Allowance (FMLA) is a central right provided by the government to female . A female employee applying for FMLA to the employer cannot be denied her right if an application for it, is placed in a well-framed…

Can a company deduct one’s salary for Saturday and Sunday based on a sandwich rule as per the labour laws in India?

Employees in India are entitled to get a certain number of leaves every year besides from national holidays and festivals as per distinct labour laws and legislation. Labour laws in India specify the rights, duties, and responsibilities of both employers…

How many months of salary can a company legally hold if someone resigns without giving a proper notice period ?

The government through various Central and State legislation gives rights and resolved matters relating to employment, payment of wages and other allied matters. No rigid rules are there to govern employment in India, different legislations available for different categories of…

Does Registration Under Shop Establishment Act And Udyog Aadhaar Mean Once And The Same Thing?

Establishments in India varies with respect to investment, size, and output. There are some entities which are engaged in commercial activities, some in entertainment products, some in manufacturing & productivity while some in the rendering of services. Each of them…

Section 92 – Annual Return filling provisions for the companies and expected ordinance amendments

The Companies Act,2013 – Section 92 compiles provisions for mandatory annual return filling by all companies registered under the Act. Filling of annual returns by companies under this section includes annual reporting of company financials, shortcomings of the meetings held,…

Which Type of Company form Should be Registered For Online Selling?

There is no specific form of business determined in the law for setting up an e-commerce business in India. However, it is a necessity for every entrepreneur to know what all legal provisions he deemed to get fulfilled with respect…

Related Party Transaction (overall Understanding) Section 188 of the Companies Act 2013

According to international financial reporting standards, an entity is termed as related party as per following criteria: Highly influenced by a Key Management Personnel (KMP) or relative. Any firm wherein partner is director/manager or his relative Any public venture wherein…

Working on NPA Recoveries by Banks

On July 02, 2012, RBI published a Master circular (RBI/2012-13/39 DBOD.No.BP.BC.9/21.04.048/2012-13) stating the meaning of NPA. As per circular: NPA (Non-performing Asset), includes a leased asset which becomes non-­ performing when it ceases to generate income for the bank. NPA…

Why are companies a better form of business?

Why are companies a better form of business? It’s because of the below mentioned characteristic features that the Companies turn out to be a better form of business Limited Liability The primary benefit of undertaking business in the form of…

Distinction Between A Public Company And a Private Company

Following are the main points of difference between a Public Company and a Private Company :- 1. Minimum Paid-up Capital : A company to be Incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000, whereas…

Guidelines For Companies Annual Return

Guidelines For Companies Annual return. Every company shall prepare the annual return in the MGT-7 containing the  following particulars : Its registered office, principal business activities, particulars of its holding, subsidiary and associate companies; Its shares, debentures and other securities…