We are aware of the destruction that the Coronavirus / COVID – 19 has caused to the global economy. Day to day lives of Humans around the globe has changed by 360 degrees. The pandemic challenges the Board of Directors to safely travel and to conduct meetings during these times. April – September are the months of high importance for professionals where approval of previous year Book......

The Ministry of Corporate Affairs with intent to foster the growth of Corporate Governance across the Boards has introduced slew of amendments in the Companies Act, 2013 and rules made thereunder by introducing the much-awaited proficiency examinations for the Independent Directors (ID) on 22.10.2019. The idea is to improve corporate literacy and to make the ID’s aware of their duties, role......

Background: With intent to e-verify the presence of registered offices of the Companies the MCA has come up with an amendment to the Companies Act, 2013. The MCA vide its Notification dated 21.02.2019, inserted a new Rule, i.e. Rule 25A after Rule 25 in the Companies (Incorporation) Rule, 2014. The new rule desires that the Companies must provide details to confirm the Geographical Presence......

After a play of hiding and seek for nearly 6 months the Significant Beneficial Ownership (SBO) Rules makes a comeback. The MCA vide its notification dated 08.02.2019 has revised the SBO rules. The Rules will be effective from the date of their publication in the Gazette of India. You may keep a track on the same via http://egazette.nic.in To recap the Ministry of Corporate Affairs (MCA) by its no......

Dear Professional Colleagues, The MCA vide its notification dated 10th September 2018 has notified the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018. The notification provides that Every Unlisted Public Company shall have to issue the SECURITIES only in dematerialized form and facilitate dematerialization of all its existing securities. The Changes have bee......

The Article is in continuation to my previous article published on this website and deals with various FAQ’s on the Form DIR 3 KYC. I have tried to incorporate as many FAQ as possible in this Article. If you have any further query you may please comment below.   A. What’s the Effective date of Notification? Ans: The Notification is effective from 10th July 2018.   B. Wha......

Dear Professional Colleagues, The Ministry of Corporate Affairs by its notification dated 5th July 2018 has notified the “Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018”. The rules require that "EVERY PERSON HOLDING DIN MUST GET HIS KYC UPDATED WITH THE MINISTRY OF CORPORATE AFFAIRS WITHIN DUE DATES PROVIDED IN THE RULES." This Article deals with ......

Dear Professional Colleagues, A giant step has been taken by the Ministry of Corporate Affairs (MCA) by its notification dated 13/06/2018, notifying the Companies (Significant Beneficial Owners) Rules, 2018 along with Section 90 of the Companies Act, 2013 as amended by the Companies Amendment Act, 2017 to eradicate money laundering, avoidance and evasion of laws and rules and regulations by compa......

CS Sanjeevani is my effort to give you “the CS Students” some valuable tips to perform better at your upcoming examinations. This article deals with Advanced Company Law and Practice – CS Professional: CS Rahul Harsh  There is a Common complaint from the Professional Level Students that even after writing their best answers at the Adv. Company Law Examinations they do not g......

Dear Professional Colleagues, Most of the Sections of the COMPANIES AMENDMENT ACT, 2017 are NOW APPLICABLE. In this Article, the Author has made an attempt to SIMPLIFY the TOP 25 NEW & AMENDED Provisions of the Companies Act, 2013 by the COMPANIES AMENDMENT ACT, 2017. SL. NO. SECTION NAME SECTION NO. SIMPLIFIED PROVISIONS / AMENDMENTS 1. NAME AVAILABILITY ......

The ICSI has issued the Revised Secretarial Standards which has been approved by the Central Government under Section 118(10) of the Companies Act, 2013 and are effective from October 1st, 2017. The Revised SS-1 & SS-2 shall replace the existing Secretarial Standards which are applicable till 30.09.2017. This article is a comparative analysis of both the Existing as well as the Revised Secre......

At the stroke of the midnight hour, when the world sleeps, INDIA WILL AWAKE TO WELCOME G.S.T ! “Long years ago we made a tryst with destiny, and now that time comes when we shall redeem our pledge, not wholly or in full measure, but very substantially. At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom. A moment comes, which comes but rarely in h......

The Demonetisation of Rs 500 and Rs 1,000 notes has resulted in serpentine queues outside banks and ATMs to exchange notes and even withdraw necessary funds for daily expenses. But there are ways to reduce your dependency on paper money. As the country is now marching towards Digital Economy and changing the way we transact on day to day basis. It is important that we know the basics about What Pa......