A Limited Liability Partnership (LLP) can have a Body Corporate — such as a Company — as one of its Partners or Designated Partners. In such cases, the Body Corporate appoints an authorised person or nominee to represent it in the affairs of the LLP. Over time, due to...
Read MoreA Managing Director (MD) is one of the most important managerial personnel in a company, responsible for overall control of business operations and execution of board-approved strategy. The appointment and functioning of a Managing Director is governed under the provisions of the Companies Act, 2013. This article provides a...
Read MoreThe Ministry of Corporate Affairs (MCA) issued General Circular No. 01/2026 dated 24 February 2026 introducing the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), a one-time opportunity for companies to regularise delayed statutory filings and, where applicable, opt for dormancy or strike-off at concessional fees. The scheme has been introduced...
Read MoreIntroduction of DIN DIN was formally introduced with effect from 1st July 2007 and is defined under Section 2(1)(d) of the Companies (Appointment and Qualification of Directors) Rules, 2014. The principal objective was to assign a unique lifetime identity to every company director. Section 155 of the Companies Act,...
Read MoreCorporate Laws Amendment Bill 2026 offers key insights into recent updates in corporate law, highlighting changes that impact compliance, governance, and regulatory practices. This overview provides a clear understanding of evolving legal frameworks, helping stakeholders stay informed about important developments shaping the corporate and business environment. Corporate Laws Amendment...
Read MoreThe LLP Amendment Bill, 2026 introduces significant reforms aimed at enhancing ease of doing business, strengthening compliance frameworks, and aligning LLP regulations with global practices. Key changes include IFSC-related provisions, streamlined conversion processes, and improved transparency, offering greater flexibility and efficiency for businesses and professionals operating under the...
Read MoreGIFT City (Gujarat International Finance Tec-City) represents India’s first operational International Financial Services Centre (IFSC) and a landmark initiative aimed at positioning the country as a globally competitive financial hub. Conceptualized as a world-class financial and technology ecosystem, GIFT City has been developed to attract international financial services and...
Read MoreAn auditor is an independent professional appointed to examine the books of accounts of a company and report whether the financial statements give a true and fair view of the company’s financial position. Appointment of First Auditor (a) Other than Government Companies Section 139(6) Appointed by the Board of...
Read MoreA rights issue is a way for a company to raise additional capital by offering its existing shareholders the right to purchase new shares in proportion to their current holdings. It is a common method used by companies to fund expansion, repay debt, or strengthen their balance sheet. Key...
Read MoreAs we are heading to a new financial year, it’s important to keep track of compliances and complete them within the due dates. We are happy to share a comprehensive compliance calendar for Companies Act 2013 and Foreign Exchange Management Act (FEMA), 1999 and Prevention of Sexual Harassment of...
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