Corporate Laws

Startup Analysis

The role of budding startups in today’s economy cannot be overlooked. The cutting edge that they provide to any nation in terms of self-reliance is evident from the spew of schemes that are introduced rapidly by different countries. Atma Nirbhan Bharat portrays the significance that these startups hold today. Considering the benefits accrued in terms […]

RBI UPDATES-JULY

RBI has lately released circulars which will be having a bearing on transactions undertaken by customers from July month onwards.The changes incorporated as well as certain benefits extended by means of these circulars pertain to: 1. Small Savings Schemes 2. Interest on Matured Term Deposits 3. Interest Equalization Scheme Analysis of same has been provided […]

Insertion of Rule 33A in the Companies (Incorporation) Rules

Central Government has vide Notification No. G.S.R. 503(E) dated 22.07.2021 inserted new Rule 33A in the Companies (Incorporation) Rules so as to provide with the manner of name allotment in case of non-compliance with section 16(1). Analysis of the newly inserted rule is given below for reference purpose

Extension in the Validity of existing MSME registrations

Validity of existing Enterpreneurs Memorandum (EM) Part-II and Udyog Aadhaar Memorandum (UAM) obtained till 30.6.2020 has been extended by Ministry of MSME from 31.3.2021 to 31.12.2021 vide notification no. S.O.2347(E) as a result of which holders of EM Part-II and UAMs will now be able to avail benefits of existing schemes and incentives. Owing to […]

Omission of Rule 4 of Companies (Meetings of Board and its Powers) Rules, 2014

Rule 4 has been omitted by the Central Government, thereby eliminating the requirement of the physical presence of BOD during meetings in certain circumstances.Analysis of the relevant notification has been provided below for reference purpose.

Are You Eligible To Be a MSME?

The revised criteria for being classified as MSME was laid down vide Notification No. S.O.1702(E) dated 1.06.2020. The same has been in effect since 1.07.2020.The aforementioned notification classifies enterprises as MSMEs based on the following two parameters:1) Investment in Plant & Machinery, and2) Annual Turnover. The current position in terms of classification as MSME, based […]