Company Law and Commercial: The Company Law has been enacted as a regulatory& governing authority for all business establishments in INDIA, Commercial contracts comes into play for every business transaction wherever possible. The Companies Act 1956, was replaced by The Companies Act 2013.
The highlights of the Companies Act 2013 are,
A. Maximum number of members (shareholders) permitted for a Private Limited Company is increased to 200 from 50
B. One-Person company.
C. Section 135 of the Act which deals with Corporate Social Responsibility.
D. Company Law Tribunal and Company Law Appellate Tribunal.
The Government of India (GOI) had received several representations from industry stakeholders for amending various provisions of Companies Act, 2013 (CA 2013) to ensure ease of doing business in India. The ministry of Corporate Affairs issued amendment rules 2015, The Company Amendment Rules 2015 is a welcome move, because it have relaxed regime governing related to party transactions, limited access to strategic corporate resolutions and eliminated some procedural requirements such as minimum paid-up requirement, use of common seal, etc. Our firm advice clients in Company incorporation, corporate governance, company litigation on oppression and mismanagement, misrepresentation of prospects, winding up, Arbitrate disputes and etc.
To know more, please contact our Law Office to fix an appointment