Category: Companies Act

/ Companies Act

MCA constitutes committee for finalizing ‘Business Responsibility Reporting’ format for cos.

The Ministry of Corporate Affairs (MCA) has constituted a committee for finalizing the Business  framework of the updated NVGs.
The Institute of Company Secretaries of India (ICSI) & Indian Institute of Corporate Affairs (IICA) shall render necessary secretarial assistance and logical support to the committee on BRR. MCA & ICSI shall jointly provide technical support to the committee.
The committee may devise its own procedure to conduct its meetings including inter alia invite any person of appropriate standing, knowledge, and …

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llp registratijon in India
/ Companies Act

MCA eases process for incorporation of LLPs; specifies new forms ‘RUN-LLP’ and FiLLiP

Ministry of Corporate Affairs (MCA) has notified amendment to the Limited Liability Partnership Rules, 2009 wherein process of incorporation of LLPs and reservation of their name have been amended in order to ease of doing business. Under revised norms, a new web based form ‘RUN-LLP’ has been introduced through which names of a LLP can be reserved without digital signature and Designated Partner Identification Number (DPIN). This form is very much similar to RUN web service reservation of name in …

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/ Companies Act

Govt Cracks The Whip On Shell Companies

After trying to tighten the rules against shell companies through its Budget proposals, the government has decided to follow with “harsh punitive” action that will include freezing of bank accounts and striking off the names of dormant companies.Their investments in real estate could also come under the scanner, as the government has also decided to invoke the Benami Transactions (Prohibition) Amendment Act. A meeting was held in the Prime Minister’s Office with senior officers of various departments on Friday to …

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/ Companies Act

Things you should Know before Registering a Company in India

We all know that running a business successfully is not a child’s play as there are so many activities need to be managed in a synchronized manner in order to expect fruitful results. People who take care of all activities achieve success at later stages while others will suffer the consequences like unit shutdown.

As setting up a business is an uphill task, one should follow the required process of company formation carefully. Most of the businessman starts doing business …

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