The Insolvency and Bankruptcy Board of India (IBBI) vide circular no. No. IBBI/IPA/43/2021 dated 28th day of July 2021, has issued circular on the topic “Monetary Penalties to be imposed by an Insolve

TaxClue Team

30 Jul

⏱ 3m

Read Article →

📄

Corporate Laws

Limited Liability Partnership (LLP) : Characteristics, Advantage and Disadvantages

LLP is a corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in a flexible, innovative, and efficient manner, providing benefits of lim

Partnership Firm and it's Essential Elements

A partnership firm is not a separate legal entity distinct from its members. It is merely a collective name given to the individuals composing it. Hence, unlike a company that has a separate legal ent

MCA Amendment update summary for June 2021

Ministry of Corporate Affairs has caused myriad amendments in the Companies Act, 2013. No. of Notifications appeared in June 2021 NIL No. of Circulars appeared in June 2021 One No. of Amendments in Ru

List of Forms on which additional fees is waived off by ROC

The Ministry of Corporate Affairs (MCA) provided a list of forms granting extra time and waiver of the additional fee. The decision of the MCA for a waiver of additional fees on a set of compliance ob

What if I file ROC forms after due date?

It’s a common question amongst many professionals that “If a company files e-form after due date whether there are any consequences except additional fees?” In this editorial, the author will strive t

Latest MCA Relaxation : Waiver of additional fees, Extra time for filing of forms, Holding of BM or GM through VC

Short Summary: Ministry of Corporate Affairs Due to the Covid pandemic has given some relaxation to Companies. We are producing here all the relaxation at one place which is into effect as on date i.e

Clarification on Board Meeting through Video Conferencing

Ministry has issued, The Companies (Meetings of Board and its Powers) Amendment, Rules 2021 passed on 15th June 2021. These Rules came into effect on 15th June 2021. Section 173 of Companies Act, 2013

Clarification of Registration of Independent Director in Data Bank

Ministry has issued, The Companies (Creation and Maintenance of databank of Independent Directors) Amendment, Rules 2021 passed on 18th June 2021. These Rules came into effect on 18th June 2021. Appli