Its me Mak!
MCA extended AGM date for all companies to 31st December, 2020 on account of Covid 19 impact. Many SME’s were suffering from holding Board Meetings for approval of financial statements & thereafter approaching auditors for signing has got required relief. MCA earlier advised companies to apply for individual extension of AGM, requiring companies to state …
Parliament approved Companies Amendment Act 2020 Amidst of boycott of opposition, Rajay Sabha has recently passed the Companies Amendment Act for introduction of de-criminalization of offenses and inclusion of entire chapter relating of Producer Companies in companies act 2013. New law also amends the definition of Listed entities, facilitating debt listed companies relief from additional …
Parliament approved Companies Amendment Act 2020 Read More »
Thoughts on COVID 19 Outbreak – MCA measures for relaxations – is it a sufficient discharge? COVID 19 has badly disturbed the operations of the businesses all over the world. Mandatory Work From Home (WFH) is implemented since mid of March in many states and later for PAN India. Government of India has released various …
COVID 19 Outbreak – MCA measures for relaxations – is it a sufficient discharge? Read More »
MCA has recently notified commencement of Section 230 (11) & (12) of the Companies Act and amended Compromises, Arrangements and Amalgamations Rules facilitating members of unlisted companies holding not less than 75% shares to make offer for minority takeover through Tribunal process. The conditions placed for such Takeover offer are; To provide report of registered …
Government is set to amend the Companies Act 2013 by bringing some facilitation for ease of doing business. While granting this, it has identified “Discipline” as a fundamental prerequisite. If you game to follow the law, you would be benefited. Otherwise the match is over for you. Recently government has struck down its hammer on …
Game, Set & Match – Honeymoon is over for corporates Read More »
My article published in Chartered Secretary journal of Institute of Company Secretaries of India on companies bill 2016 https:e//drive.google.com/file/d/0Bz_k2A9ibKGbaEpOQlFFYWVVRzg/view?usp= Disclaimer: This document is a copyright of Makarand Lele. The entire contents of this document have been developed on the basis of relevant statutory provisions. Though the author has made utmost efforts to …
My Article detailing provisions of Companies Amendment Bill 2016 Read More »
The Companies Amendment Bill 2016 is set to deliver new thoughts and it would be essential for professionals to be ready to face it. The major departure is happening in the concept of Holding Company. It is proposed to add the explanation in the definition to include Body Corporate as holding company. The provisions of the …
Be ready – we are amending the rules of the game – Holding on Read More »
Companies Act 2013 is passing through trimming & grooming process. 2014 witnessed release of bunch of clarifications and circulars making teething adjustments in the legislation. Second Quarter of 2015 received most of it so far. Government has notified set of exemptions to class of companies from the applicability of provisions of the Act. It has came in the …
Private Company Exemptions through Articles – Game changer Read More »
Clarification on deposit acceptance hits the web on last day of closure of crucial financial year in the life of professionals. Acceptance of Deposits was most hot topic for the year 2104-15. Mca clarified its view through this clarification. Mca state that clarifications were issued on the request of stakeholders. If you recall few months …
Is it a victory or defeate – MCA clarifications directed to whom? Read More »
https://m.youtube.com/watch?v=mubFTsyk3Qk&feature=youtu.be