CSR Committees and its Meetings

Corporate Social Responsibility (CSR): Corporate social responsibility refers to the initiative and contribution of an enterprise towards the economic, environmental and social welfare of the general community. In this article, we look at some of the major aspects of CSR committees and its Meetings CSR COMMITTEES Constitutions of CSR Committee Companies to which section 135 of … Read more

FAQs On DIR-3 KYC

1. Who is required to file DIR-3 KYC Form For Financial year 2018-19 – Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 31st … Read more

Transfer of Shares from Non-residents to Residents

Under Indian foreign exchange regulations, general permission is available for transfer of shares / convertible debentures between non-residents (“NR”) and Indian residents (“IR”) by way of gift or sale under private arrangement. Further, a non resident (other than non-resident Indian (“NRI”) and overseas corporate bodies (“OCB”) may also transfer, by way of sale or gift, … Read more

Cross border merger – A reality Now

Finally in April, 2017 a new era began in India with the introduction of provisions relating to Cross border merger in the Companies Act, 2013. On 13th April 2017, Ministry of Corporate Affairs (“MCA”) notified Section 234 of the Companies Act, 2013 (“the Act”) and Companies (Compromise, Arrangements and Amalgamation) Amendment Rules, 2017 which enabled … Read more

Procedure of Revival And Restoration Of Struck Off Name Of Company via NCLT Route

OVERVIEW: Over 1.62 lakh companies have not been carrying out business activities for long have been deregistered and a series of action against such shell companies have been taken, said the Minister of Finance, Mr. Arun Jaitely. Registrar of Companies (ROC), by the virtue of power conferred under Section 248, can strike off defunct and shell companies. … Read more

Registration under MSME as Small/ Medium Scale Industries

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. … Read more