Company Law

Restriction on Powers of the Board – Section 180 of the Companies Act 2013

INSIGHT INTO RESTRICTION ON POWERS OF THE BOARD AFTER 11TH SEPTEMBER 2013 – SECTION 180: The Companies Act, 2013 was passed by Lok Sabha in August, 2013 and 98 Sections were made applicable from 12.09.2013. This Act poses certain critical challenges before the Companies in their daily functioning. One among them is Section 180 of …

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Loans, Guarantees & Securities to Related Parties – Section 185 of the Companies Act 2013

 INSIGHT INTO GRANTING OF LOANS/ GUARANTEES/ SECURITIES TO RELATED ENTITIES AFTER 11TH SEPTEMBER 2013: The Companies Act, 2013 was passed by Lok Sabha in August, 2013 and 98 Sections were made applicable from 12.09.2013. This Act poses certain critical challenges before the Companies in their daily functioning. One among them is granting of loans/ securities/ …

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MCA issued clarification on Section 185 & 372A of the Companies Act

Based on the several representations made, MCA vide its Circular No 3/2014 dated 14.2.14 clarified that exemption provided in clause (d) of sub section (8) of Section 372A of the Companies Act 1956 will continue to have its effect till the time Section  186 of the Companies Act 2013 is notified. Hence guarantee or security …

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Analysis of Related Party Transactions – Companies Act 2013

ANALYSIS OF COMPANIES ACT, 2013 – INSIGHT INTO RELATED PARTY TRANSACTIONS: Provisions of disclosure of interest by director & approvals for related party transactions (RPT) has undergone a distinct change in the Companies Act, 2013. However, the same are yet to become applicable. Government has decided to discontinue the old approval regime which required prior …

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कंपनी कायदा २०१२ – नवे बदल, नव्या वाटा, नवी दिशा

(लेखक हे इन्स्टिट्यूट ऑफ कंपनी सेक्रेटरीज या संस्थेच्या पश्‍चिम विभागीय मंडळाच्या कार्यकारिणीचे सदस्य व माजी अध्यक्ष आहेत. या लेखातील मते त्यांची स्वतःची आहेत. याचा संस्थेशी संबंध नाही.) लोकसभेने हिवाळी सत्रात कंपनी कायदा २०१२ च्या मसुद्यावर चर्चा करून त्यात आवश्‍यक ते बदल सुचवून मंजूर केला आहे. हा मसुदा आता राज्यसभेत पटलावर ठेवण्यात येईल व यास मंजुरी …

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