The Process of conversion of loan into equity is an easy and practical method to raise capital without immediate investments. For Conversion of Loan into Equity Companies is required to comply with provisions of section 62(3) of the Companies Act, 2013. Phase-1 : Compliance before issue of Debentures or acceptance of Loan Company shall pass a Board Resolution (BR) in Board Meeting fo......

The Ministry of Corporate Affairs on March 30, 2020, has introduced the “Companies Fresh Start Scheme, 2020” to provide relief to law abiding companies in the wake of COVID 19. It reduces financial burden on them and giving them an opportunity to make a “fresh start”. Provisions of Companies Fresh Start Scheme, 2020 (CFSS-2020) Duration: The scheme shall be valid for 6 M......

MCA (Ministry of Corporate Affairs) issued New Rules 25 A of Companies (Incorporation) Rule 2014 under which New Form has been introduced i.e. Form INC-22A. http://www.mca.gov.in/Ministry/pdf/CompaniesIncorporationAmendmentRules_21022019.pdf Detailed Analysis of Newly inserted Rules 25A is as follows: Applicability of E-Form INC-22A (Active): Every Company incorporated on or before 31st Dec......

Introduction:   The Ministry of Corporate Affairs has Re-introduced the Concept of Commencement of Business Certificate. In Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014. Company registered on or after 02 November 2018 are required to file Declaration for Commencement of Business with Registrar of Companies. Every Compan......

(All Provision in Relation to LLP Incorporation Changed with Amendment Rules 2018) New Process of Incorporation: Name Reservation - Step 1: Login MCA Website. Step 2: After Login Click on “RUN-LLP” Note:                 DSC/DIN/DPIN  is not required for filling of RUN. Fees: Fees for Filling of Name through RUN i......

Dear Professional Colleagues,Strike Off provides an opportunity to Defunct Company get their name struck off from the Register of Company (ROC). There are 2 Modes of Striking off: By ROC itself under Section 248(1) of Companies Act 2013; and By way of filing an application by Company under Section 248(2) of Companies Act 2013. Section 248(2) - Strike off By ROC Suo Moto: ROC may r......

The Highlight of the Article: The important amendments and comparisons have been highlighted and made for reference and a better understanding as per revised secretarial standards.Secretarial Standard is applicable to the Meetings of Board of Directors of all Companies incorporated under the Act except: One Person Company (OPC) under section 2 (62) in which there is only one Director on its Bo......