MCA vide its Circular 12/2020 dated 30th March, 2020, has come out with Scheme “Companies Fresh Start Scheme, 2020” in order to facilitate the Companies registered in India to make a fresh start on a clean slate. Applicability-All defaulting companies which has made a default in filing of any of the returns, statements, documents etc. It also included the late falling of return. Reli......

                                           “Valuating a business is part art and part science” -Warren Buffet This quote by Warren Buffet in itself defines Valuation as a blend......

Filing of Charges - Harsh on late risers MCA vide the notification dated 31.07.2019 notified the Companies Amendment Act, 2019. Apart from some sections, most of them are applicable retrospectively w.e.f. 2nd November, 2018. The norms regulating the filing of Charges have been accordingly modified and the new set of additional fee and the timelines are stringent than the previous ones. As per Se......

Dear Professional Colleagues, "SEBI is of the view that Stricter Compliances are required for better Corporate Governance." SEBI constituted the Kotak Committee (the Committee) under the chairmanship of Mr. Uday Kotak (executive vice-chairman and managing director of Kotak Mahindra Bank) in June 2017. This Committee was framed with the motive to strengthen the Corporate Governance of the Li......

MCA on 29.12.2017 came out with a notification introducing CODS i.e. Condonation of Delay Scheme, 2018 (the Scheme) for defaulting companies, giving them an opportunity to file their overdue documents as specified in the scheme and thereafter applying for condonation of Delay under this Scheme along with a payment of Rs. 30,000 filing fee, within the time frame as mentioned in the Scheme. This who......

In April 2016, RBI (“the Bank”) released the consultation paper proposing the regulatory norms for Peer-to-Peer (P2P) lending platforms. Recently on 24th August, 2017; RBI specified them as a form of Non Banking Financial Institutions by emphasising on the fact that apart from the easy access that they offer, P2P platforms can also bring down interest rates in comparison to the informa......

Limitation Act: denotation The 'Law of Limitation' prescribes the time-limit for different suits within, which an aggrieved person can approach the court for redress or justice. They are imposed by law, primarily the Limitation Act. The concept of limitation is related with the fixing or prescribing of period for barring legal actions. Limitation means a prescribed time limit according to statu......

Dear Professional Colleagues,As we know that with the enactment of The Companies Act 2013 (“the Act”), the profundity of the appointment of Independent Director was recognized towards a Good Corporate Governance, which was not there in the Companies Act 1956. The Section 149 and Schedule IV prescribed under the Act deal with all the Appointment Criteria, Qualification and Manners of ap......