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Corporate Laws

Corporate Laws

  • 06 Feb 2024

06/02/4024.

Corporate Laws' Series of Blogs on every Tuesday 
 By 
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP

Corporate law is a set of laws, along with rules and regulations, that businesses must comply with. Types included are federal securities law, tax law, labor law, environmental law, contract law, and acquisitions and mergers. The meaning of corporations law generally applies to corporations and might also be called business or company law. Having a defined sets of corporate laws is key to a well-functioning and stable business environment.

Following are the major Corporate Laws in India

 1 . Companies Act, 2013
 2 . Competition Act, 2002
 3 . Credit Information Companies Regulation Act, 2005
 4 . Depositories Act, 1996
 5 . Labour Laws
 6 . Insolvency and Bankruptcy Code, 2016
 7 . Limited Liability Partnership Act, 2008.    
            Continue... on next Tuesday 

Note:- After the list of Corporate Laws we will provide brief information of all concern laws..

www.jayprakashsomani.com
Call: PA 9322188701



13/02.2024.

Corporate Laws' Series of Blogs on every Tuesday 
 By 
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP 

               Continue from last Tuesday.... 
8. National Company Limited (Acquisition and Transfer of Undertakings) Act, 1980
9 . Securities and Exchange Board of India Act, 1992
10 . Securities Contract Regulation Act, 1956
11. Indian Bill of Lading Act, 1856
12 . Factories Act, 1948
13. Industries Development and Regulation Act, 1951
14. Inter-state Corporations Act, 1957
15. Cost and Works Accountants Act, 1959
16. Company Secretaries Act, 1980
17. Foreign Trade Development and Regulation Act, 1992
18. Special Economic Zones Act, 2005
19. Micro Small and Medium Enterprises Development Act, 2006
20. Warehousing Development and Regulation Act, 2007
Continue... on next Tuesday 
 
Note:- After the list of Corporate Laws we will provide brief information of all concern laws..

www.jayprakashsomani.com
Call: PA 9322188701


20-02-2024

3. 'Corporate Laws' Series of Blogs on every Tuesday 
 By 
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP

               Continue from last Tuesday....

21. Tribunal Reforms Act 2021
22. Foreign Exchange Management Act 1999
23. Banking Regulation Act 1949
24. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002
25. Prevention of Money Laundering Act 2002
26. Central Board of Direct Taxes Validation of Proceedings Act 1971
27. Income Tax Act 1961
28. Black Money and Disclosed Foreign Income and Assets and Imposition of Tax Act 2015
29. Digital Personal Data Protection Act 2023
30. Information Technology Act 2000
                Continue... on next Tuesday 

Note:- After the list of Corporate Laws we will provide brief information of all concern laws..

www.jayprakashsomani.com
Call: PA 9322188701


27-02-2024.

4 . ' Corporate Laws' Series of Blogs on every Tuesday 
 By 
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP


               Continue from last Tuesday.... 

 31. Arbitration and Constellation Act 1996
 32. India International Arbitration Centre Act 2019
 33. Essential Commodities Act 1955
 34. Indian Contract Act 1872
 35. Intellectual Property Laws 
 36. Minimum Wages Act 1948
 37. Employees State Insurance Act 1948
 38. The Commercial Court Act 2015
 39. Employees Provident Fund Act 1952
 40. The Payment of Gratuity Act 1972
 41. Goods and Services Tax Act 2017

                Continue... on next Tuesday 

Note:- List is completed now. From next blog we will provide brief information of concern laws..

www.jayprakashsomani.com
Call: PA 9322188701


05/03/2024

5. ' Corporate Laws' Series of Blog on every Tuesday 
 By 
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP


               Continue from last Tuesday.... 

Dear readers in earlier 4 blogs we have given list of 40 important corporate and business Laws. From this blog we are providing you information about each law. So now will see details about first corporate Law ...
Companies Act 2013. 
In this Act is with 470 sections 29 Chapters and 7 schedules. Chapter 1 is preliminary it contains section 1 and 2.  Chapter 2 is related to incorporation of company and matters incidental thereto it contents from section 3 to section 22. Chapter 3 is related to prospectus and allotment of securities in this part 1 is related to public offer it contents section 23 to section 41 and part 2 is related to private placement it contains only one section 42.  Chapter 4 contains share capital and debentures, it contains section 43 to section 72.  Chapter 5 is related to acceptance of deposits by companies it contains section 73 section 76A. Chapter 6 is related to registration of charges it contains section 77 section to section 87.  Chapter 7 is related to management and administration it contains section 88 to section 122. Chapter 8 is related to declaration and payment of dividend it contains section 123 to section 127. Chapter 9 is related to accounts of Companies, it contains section 128 to section 138. Chapter 10 is related to audit and auditor it contains section 139 to 148. Chapter 11 is related to appointment and qualifications of directors it contains section 149 to section 172. Chapter 12 is related to meetings of board and its power it contains section 173 to 195. Chapter 8 is related to appointment and remandation of managerial personnel it contains section 196 to 205. Chapter 14 is related to inspection, enquiry and investigation it contains section 206 to 229. Chapter 15 is related to compromise, arrangements and amalgamation it contains section 230 to 240. Chapter 16 is related to prevention of operation and mis-management it contes section 241 to section 246.......

                     Continue... on next Tuesday

Note:- List is completed now. From next blog we will provide brief information of concern laws..

www.jayprakashsomani.com
Call: PA 9322188701




12/03/2024

6. 'Corporate Laws' Series of Blog on every Tuesday
By
Jayprakash Bansilal Somani, AdvocateSupreme Court of India & IP


Continue from last Tuesday.....

Chapter 17 is related to Registered Valuers, it contains Sec 247 only. Chapter 18 is related to Removal of Names of Companies From the Registered of Companies, it contains Sec 248 to 252. Chapter 19 is related to Revival and Rehabilitation of Sick Companies, the chapter is omitted from Sec 253 to 269. Chapter 20 is related to Winding up with Sec 270. Part 1 is related to Winding up by the Tribunal from Sec 271 to 303. And Part 2 Voluntary Winding up is Omitted from Sec 303 to 323. Part 3 is related to Provisions applicable to every mode of Winding Up it contains Sec 324 to 358. Part 4 is related to Official Liquidators from Sec 359 to 365. Chapter 21 Part 1 is related to Companies Authorized to Register under This Act from Sec 366 to 374. Part 2 is related to Winding Up of Unregistered Companies from 375 to 378. Chapter 21A is related to Producer Companies. In this Part 1 Is preliminary with Sec 378 A of Definitions. Part 2 Is related to Incorporation of Producer Companies And other Matters from Sec 378 B to 378 N. Part 3 is related to Management of Producer Company from Sec 378 O to 378 Z. Part 4 is related to General Meetings with Sec 378 ZA only. Part 5 is related to Share Capital and Members Rights from Sec 378 ZB to Sec 378 ZD. Part 6 is related to Finance, Accounts and Audit from Sec 378 ZE to Sec 378 ZJ. Part 7 is related to Loans to Members and Investments with Sec 378 ZK and 378 ZL. Part 8 is related to Penalties with Sec 378 ZM. Part 9 is related to Amal Gamation, Merger or Division with Sec 378 ZN. Part 10 is related to Resolution of Disputes with Sec 378 Z. Part 11 is related to Miscellaneous Provisions From Sec 378 ZP to 378 ZR. Part 12 is related to Re- Conversion of Producer Company to Inter State Co Operative Society with Sec 378 ZS to Sec 378 ZU. ......

                                        Continue on next Tuesday


Note:- List is completed now. From next blog we will provide brief information of concern laws..


Assisted By:- Shruti Kriti & Pooja Rai
www.jayprakashsomani.com Call: PA9322188701



19/03/2024

7 . ' Corporate Laws' Series of Blog on every Tuesday 
By
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP

 Continue from last Tuesday.....

Chapter 22 is related to Companies Incorporated outside India, it contains Sec 379 to 393 A. Chapter 23 is related to Government Companies, it contains Sec 394 & 395. Chapter 24 is related to Registration Offices and Fees, it contains Sec 396 to 404. Chapter 25 is related to Companies To Furnish Information or Statistics, it contains Sec 405 only. Chapter 26 is related to Nidhis, it contains Sec 406 only. Chapter 27 is related to National Company Law Tribunal And Appellate Tribunal, it contains Sec 407 to 434. Chapter 28 is related to Special Courts, it contains Sec 435 to 446 B. Chapter 29 is related to Miscellaneous, it contains Sec 447 to 470......


                       Continue on next Tuesday

Note:- List is completed now. From next blog we will provide brief information of concern laws..


Assisted By:- Shruti Kriti & Pooja Rai
www.jayprakashsomani.com Call: PA 9322188701



26/06/2024


8. 'Corporate Laws' Series of Blog on every Tuesday 
By
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP



 Continue from last Tuesday.....

Company Act 2013 has total 470 Sections and 7 Schedules. Now we will see the content of the Schedules. Schedule 1 are related to the Table A - Format of Memorandum Of Association of the Company Limited By Shares, Table B- Memorandum of Association of a Company Limited By Guarantee and Not Having A share Capital, Table C - Memorandum of Association of a Company Limited By Guarantee and Having A share Capital, Table D- Memorandum of Association of an Unlimited Company and Not Having Share Capital, Table E- Memorandum of Association of an Unlimited Company and Having Share Capital, Table F- Articles Of Association of a Company Limited By shares, Table G- Articles Of Association of a Company Limited By Guarantee and Having a share Capital, Table H- Articles Of Association of a Company Limited By Guarantee and Not Having a share Capital. Table I- Articles Of Association of an Unlimited Company and having a Share Capital, Table J- Articles Of Association of an Unlimited Company and Not having a Share Capital. 
Schedule 2 is related to Useful Lives to Compute Depreciation. 
Schedule 3 is related to General Instructions For Preparation Of Balance Sheet And Statement of Profit And Loss Of A Company.
Schedule 4 is related to Code for Independent Director.
Schedule 5 Part 1 is related to Conditions of the Fulfilled for The Appointment of a Managing or Whole- Time Director or a Manager without the Approval of the Central Government, Part 2 is related to Remuneration, Part 3 is related to Provisions applicable to Part 1 and 2 of the Schedule, And Part 4 related to The Central government notifications.
Schedule 6 is related to what includes In the Term “Infrastructural Projects” Or “Infrastructural Facilities”. 
Schedule 7 is related to Activities which maybe included by Companies in Their Corporate Social Responsibility Policies. 

...... Continue on next Tuesday


Note:- List is completed now. From next blog we will provide brief information of concern laws..

Assisted By:- Shruti Kriti & Pooja Rai
www.jayprakashsomani.com Call: PA 9322188701



02/04/2024


9.' Corporate Laws' Series of Blog on every Tuesday 
By
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP



 Continue from last Tuesday..... 

Companies Act 2013 has many Rules and Regulations as Below:- 

1. Companies (Acceptance Of Deposits) Rules, 2014
2. Companies (Accounting Standards) Rules, 2021
3. Companies (Accounts) Rules, 2014
4. Companies (Adjudication Of Penalties) Rules, 2014
5. Companies (Appointment And Qualification Of Directors) Rules, 2014
6. Companies (Appointment And Remuneration of Managerial Personnel) Rules, 2014
7. Companies (Arrests In Connection with Investigation By Serious Fraud Investigation Office) Rules, 2017
8. Companies (Audit & Auditors) Rules, 2014
9. Companies (Authorised To Register) Rules, 2014
10. Companies (Compromises, Arrangements And Amal Gamations) Rules, 2016
11. Companies (corporate social responsibility policy) rules, 2014
12. Companies (cost records and audit) rules, 2014,  (central)
13. Companies (creation and maintenance of databank of independent directors) rules, 2019,  (central)
14. Companies (declaration and payment of dividend) rules, 2014,  (central)
15. Companies (filing of documents and forms in extensible business reporting language) rules, 2015,  (central)
16. Companies (incorporation) rules, 2014,  (central)
17. Companies (indian accounting standards) rules, 2015,  (central)
18. Companies (inspection, investigation and inquiry) rules, 2014,  (central)
19. Companies (issue of global depository receipts) rules, 2014,  (central)
20. Companies (listing of equity shares in permissible jurisdictions) rules, 2024,  (central)
21. Companies (management and administration) rules, 2014,  (central)
22. Companies (mediation and conciliation) rules, 2016,  (central)
23. Companies (meetings of board and its powers) rules, 2014,  (central)
24. Companies (miscellaneous) rules, 2014,  (central)
25. Companies (prospectus and allotment of securities) rules, 2014,  (central)
26. Companies (registered valuers and valuation) rules, 2017,  (central)
27. Companies (registration of charges) rules, 2014,  (central)
28. Companies (registration of foreign companies) rules, 2014,  (central)
29. Companies (registration offices and fees) rules, 2014,  (central)
30. Companies (removal of names of companies from the register of companies) rules, 2016,  (central)
31. Companies (restriction on number of layers) rules, 2017,  (central)
32. Companies (share capital and debentures) rules, 2014,  (central)
33. Companies (significant beneficial owners) rules, 2018,  (central)
34. Companies (specification of definitions details) rules, 2014,  (central)
35. Companies (transfer of pending proceedings) rules, 2016,  (central)
36. Companies (winding up) rules, 2020,  (central)
37. Company secretaries (election to the council) rules, 2006,  (central)

 ......Continue on next Tuesday


Note:- List is completed now. From next blog we will provide brief information of concern laws..




Assisted By:- Adv Shruti Kriti & Pooja Rai
www.jayprakashsomani.com Call: PA9322188701



10…. ( 09/04/2024)


'Corporate Laws' Series of Blog on every Tuesday
By
Jayprakash Bansilal Somani, Advocate Supreme Court of India & IP


Continue from last Tuesday.....

In this Corporate Law Series next important law is “THE COMPETITION ACT, 2002”. This Act was enacted on 13th Jan, 2003. Keeping in view of the economic Development of our Country this Act was enacted by the Parliament to control monopoly and to promote and sustain competition in markets. This Act contains 9 chapters and 66 Sections. Chapter 1 contains preliminary with Sec 1 & 2. Chapter 2 is related to Prohibition of Certain Agreements, Abuse of Dominant position and Regulation of Combinations with Sec 3 to Sec 6A. Chapter 3 is related to Competition Commission of India with Sec 7 to Sec 17. Chapter 4 is related to Duties, Powers and Functions Commissions with Sec 18 to 40. Chapter 5 is related to Duties of Director General with only sec 41- Director- General to investigate contraventions. Chapter 6 is Important for Lawyers in Legal Practice which is related to Penalties from Sec 42 to Sec 48C. Chapter 7 is related to Competition Advocacy with Sec 49. Chapter 8 is related to Finance, Accounts and Audits with Sec 52 & 53. Chapter 8A is related to Appellate Tribunal from sec 53A to sec 53U. Chapter 9 is related to Miscellaneous from Sec 54 to Sec 66. This Act was amended in 2007 and in 2009..

                                        .....Continue on next Tuesday


Note:- List is completed now. From next blog we will provide brief information of concern laws..


Assisted By:- Adv Shruti Kriti & Pooja Rai
www.jayprakashsomani.com Call: PA9322188701