The MCA vide a notification dated January 19, 2015 has made changes to the Companies (Corporate Social Responsibility Policy) Rules, 2014. The copy of the notification available on the MCA Website is an unpublished copy and the same will come into effect upon its publication in the official gazette. Previously, the board of directors of... Continue Reading →
Companies Act (Amendment) Bill, 2014: An update
In our previous post, we discussed the changes proposed to be brought about by an amendment to the Companies Act, 2013. At the time the text of the Amendment Bill had not been circulated and information was only available through a Press Release. The draft bill is now in the public domain and can be... Continue Reading →
Companies (Amendment) Bill, 2014
After the last draft notification on the proposed exemptions to private companies in June 2014, two days ago, the Union Cabinet, approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013. The Companies Act, 2013 was notified in two phases where a total of 280... Continue Reading →
The Current Position on Corporate Social Responsibility
After our last blog on Corporate Social Responsibility (almost a year ago), the Government has notified Section 135 of the Companies Act, 2013 and amended certain portions of Section 135 and Schedule VII at the time of notification of these provisions. In this post, we seek to highlight certain key changes to the law pertaining... Continue Reading →
Compliances with Companies Act, 2013 by Private Limited Companies with respect to loans to directors (Part 5)
Companies advancing loans or providing securities for loans taken by Directors has always been a very complex subject. This is particularly so for private companies which are most often run by promoter directors. Some private companies are closely held family concerns where the family members are directors and it is quite common for the companies... Continue Reading →
Compliance with Companies Act, 2013 for Private Limited and other Unlisted Companies (Part 4)
The Companies Act, 2013 seeks to create a major overhaul in the functioning of the corporates in India. The Act subjects private companies to a greater control and compliances and withdraws many of the exemptions available to private companies under the Companies Act, 1956. One such area is compliances relating to issue or offer of... Continue Reading →
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