Corporate Matters

Company Registration Process (2018 Version)

February 19, 2018

The Ministry of Corporate Affairs has taken another giant step towards making it easier to incorporate a Company and LLP in India by rolling out various process changes on the eve of the 69th Republic Day. In this article, we look at some of the major changes announced by the MCA pertaining to Company Registration and the […]

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Persons from whom a Private Limited Company may borrow funds

February 18, 2018

The para below outlines the entities or persons from whom a Private Limited Company may borrow funds :-1) Director Applicablity: Allowed, provided a declaration is furnished by the director that the amount has not been given out of funds acquired by him by borrowing or accepting loans or deposits from others. 2) Relative of Director Applicablity: Allowed as Ministry of Corporate […]

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Zero Fee for Incorporation of All Companies with Authorized Capital upto Rs. 10 lakh: MCA [Read Notification]

January 26, 2018

On the occasion of the 69th Republic Day, the Ministry of Corporate Affairs (MCA) is launching the Government Process Re-engineering (GPR) initiatives for making the Company Incorporation Process Speedy, Smooth, Simple and reducing the number of procedures involved for starting a new Business.  Government of India is committed to achieve a position in the top […]

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Residential Status Of Companies: Concept Of Place Of Effective Management (“Poem”)

January 21, 2018

A. Background Section 6 of the Income tax Act, 1961 provide for conditions in which residence in India is determined in case of different category of persons. Section 6(3) deals with conditions to be satisfied for a Company to be treated as resident in India in any previous year. Prior to the introduction of the concept of […]

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Price Waterhouse gets 2-year ban in Satyam case

January 11, 2018

India’s capital market regulator has banned global auditing firm Price Waterhouse (PW) from auditing listed companies in India for two years for its alleged role of collusion with the directors and employees of erstwhile Satyam Computer Services, in perpetrating the country’s biggest corporate accounting scandal.  “Entities/firms practicing as chartered accountants in India under the brand and banner of PW, shall […]

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