Search Results for: Companies Act of 2013

NCLAT getting clogged up; Appellate body has no competition regulation professional

Tribunals have been predicted as a solution to judicial delays and a tool to harness fee-effectiveness, accessibility, expedited functioning, professional understanding and freedom from technicalities getting used as pace-breakers. Nevertheless, fact seems pretty unique as a long way as opposition appeals are worried. The Indian competition adjudicatory shape includes the Competition Commission of India (CCI) … Continue reading “NCLAT getting clogged up; Appellate body has no competition regulation professional”

Supreme Court stays NCLT order allowing government to take control of Unitech

New Delhi: The Supreme Court on Wednesday stayed an order of the National Company Law Tribunal (NCLT) that allowed the government to take control of troubled builder Unitech Ltd by suspending its board. “NCLT should not have passed the order. We direct the stay of the order dated 8 December,” said Chief Justice Dipak Misra. The … Continue reading “Supreme Court stays NCLT order allowing government to take control of Unitech”

Bombay High Court’s order on Disqualification of Directors

Whether disqualification of directors for non-filing of financial for a continuous period of three years from FY 2014, 2015 & 2016 tantamount to retrospective effect of Companies Act, 2013? Bombay High Court in its order dated October 12, 2017, gave clarity on following observations pertaining to Section 167(2) (a): 1) Non-filing of financial for FY … Continue reading “Bombay High Court’s order on Disqualification of Directors”

Amendments by MCA in filing of documents and forms in XBRL

Ministry of Corporate Affairs (MCA) vide its notification dated 6/11/2017 regarding the amendments in Rule 3 i.e. filing of documents and forms in extensive business reporting language (XBRL). As per Rule 3 of XBRL Filing, filing of financial statement has been substituted. But after the amendment Rule 3, the ground plan of companies required to … Continue reading “Amendments by MCA in filing of documents and forms in XBRL”

CSR Provisions – Obligation or Opportunity in the context of Corporate thinking

With the introduction of Corporate Social Responsibility provisions, many corporate consider this provision to be a burden on them. Many of them believe that the business set up by them is for the betterment of their own and their successors and when the Society’s welfare comes into picture, they say that govt.

What is Producer Company Registration and Its Benefits

Producer Company means a corporate body having objects or activities as specified under the Act. It consists of a group of people involved in the production of primary produce or having one or more objectives relating to primary produce.