Category: Company Law

IBBI directs IP to pay 10% of fee as penalty and undergo pre-registration course from IPA for contravening section 208

October 4, 2021 By newtaxindia Off

INSOLVENCY AND BANKRUPTCY BOARD OF INDIAMs. Kumudini Paranjape, In reDR. MUKULITA VIJAYAWARGIYA, MEMBERNO. IBBI/DC/75/2021AUGUST 9, 2021Section 208 of the Insolvency and Bankruptcy Code, 2016, read with Regulation 7, of IBBI (Insolvency Professionals) Regulations, 2016 – Insolvency professionals – Functions and obligations of – Whether it…

Mandatory Registrations for NGO / Society / Trust

October 4, 2021 By newtaxindia Off

As we all know, in India, lakhs of NGO’s are registered to do social welfare activities. An NGO can be registered in the form of Trust, Society and Section 8 Company with Ministry of Corporate Affairs. Each year thousands of new NGO’s are registered but…

Due date of AGM extended by 2 months

September 23, 2021 By newtaxindia Off

Finally, the update for which we all were waiting is here. The Ministry has released an Office Memorandum on 23rd September, 2021 regarding the extension of due date of AGM by 2 months. Accordingly, the MCA has advised the ROCs to release order for their respective jurisdictions, providing for extension of…

Strike off LLP without filing Annual Returns

September 22, 2021 By newtaxindia Off

Close / shut down LLP Firm Without Filing of Annual Returns (Form-8 & 11) Before Limited Liability Partnership (Amendment) Rules, 2017 LLP was required to file all pending annual returns before making an application for strike off of LLP in form-24 But the Central Government…

Extension of Annual General Meeting FY 2020-21

September 21, 2021 By newtaxindia Off

Many professionals have asked in many Whatsapp Groups, Social Media Platforms about Extension in Annual General Meeting. Even many persons has given reference to circular no 02/2021 dated 13 January, 2021 in respect of extension of AGM till 31 December, 2021. In this article we…

Companies Act 2013 List of all Sections

September 14, 2021 By Damodhar C Off

DECLARATION AND PAYMENT OF DIVIDEND 123 Declaration Of Dividend 124 Unpaid Dividend Account 125 Investor Education And Protection Fund 126 Right To Dividend, Right Shares And Bonus Shares To Be Held In Abeyance Pending Registration Of Transfer Of Shares 127 Punishment For Failure To Distribute…

Conversion of partnership firm into LLP

September 10, 2021 By Damodhar C Off

A. BACKGROUND A firm may convert into a Limited Liability Partnership in accordance with the provisions of Section- 55 of LLP Act, 2008 read with Second Schedule. Partnership firms are at a Disadvantage when compared to the newly introduced Limited Liability Partnership (LLP) as they…