
LAW GOVERNANCE RESPONSIBILITY
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Writer of this blog, Aishwarya Mohan Gahrana is Practicing Company Secretary and Insolvency Professional working with M/s Aishwarya M Gahrana & Associates, a New Delhi based peer reviewed firm of company secretaries having pan India presence through friends and associates.
LAW GOVERNANCE RESPONSIBILITY
1y ago
Suppose a Section 8 company amends its articles without prior approval of the Registrar of Companies. In that case, the company shall be punishable with a fine which shall not be less than ten lakh rupees which may be up to one crore rupees. Every Director and every officer of the company who is in default shall be punishable with a fine which shall not be less than twenty-five thousand rupees but may extend to twenty-five lakh rupees ..read more
LAW GOVERNANCE RESPONSIBILITY
1y ago
For reporting under the PMLA, every reporting entity shall appoint a “Designate Director.” According to Rule 2(1)(ba) of the PML (Maintenance of Record) Rules, 2005 (The Rules), a Designate Director is a person designated to ensure overall compliance under this ..read more
LAW GOVERNANCE RESPONSIBILITY
1y ago
Under the reporting framework of PMLA, a “reporting entity” has following duties: 1. Verification of Identity by Reporting Entity; 2. maintain a record of all transactions; 3. Furnish information to director; and 4. Due Diligence ..read more
LAW GOVERNANCE RESPONSIBILITY
1y ago
The impact of these two notifications on the “relevant persons”- an advocate, a chartered accountant, cost accountant or company secretary in practice- becomes “reporting entities” under the PMLA for these activities so notified ..read more
LAW GOVERNANCE RESPONSIBILITY
2y ago
This amendment effectively amends the notice for Notice by Registrar for removal of the name of a company from the register of companies in Form STK – 1 ..read more
LAW GOVERNANCE RESPONSIBILITY
2y ago
Physical verification of the Registered Office of a Company ..read more
LAW GOVERNANCE RESPONSIBILITY
2y ago
The present discussion paper on Streamlining the Liquidation Process intends to facilitate the consultation at an early stage and remove discrepancies ..read more
LAW GOVERNANCE RESPONSIBILITY
2y ago
Whatever facility regulators are willing to provide to Insolvency Professional Entities should also be provided to Individual Insolvency Professionals ..read more
LAW GOVERNANCE RESPONSIBILITY
2y ago
The Discussion Paper on Remuneration of an Insolvency Professional, dated 9 June 2022, issued by the Insolvency and Bankruptcy Board of India, is a welcome step. We will discuss the proposed amendment ..read more
LAW GOVERNANCE RESPONSIBILITY
2y ago
Auction Notice of Land and Building of VGA Developers Private Limited under Liquidation, Auction Date 20 June 2022 ..read more