Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Synopsis of Amendments made to the Companies Act, 2013 in the year 2019 and allied Action Points

    Synopsis of Amendments made to the Companies Act, 2013 in the year 2019 and allied Action Points

    The Ministry of Corporate Affairs (the MCA) in the month of January & February 2019 has issued the following amendments notification under the Companies Act 2013 (the Act): (a) Changes in Companies (Significant Beneficial Owners) Rules 2018 to identify individuals/entities

    AB
    By Ashwin Bhat over 1 year ago
  • Regulatory Update: Companies Act, 2013 for KYC of Directors

    Regulatory Update: Companies Act, 2013 for KYC of Directors

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 5 July 2018, has notified the Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 which shall come into force with effect from 10 July 2018. The MCA

  • Codification of Duties of Directors under the Companies Act 2013

    Codification of Duties of Directors under the Companies Act 2013

    Introduction While the rights, powers, and duties of Directors defined in the Articles of Association of the Company, a need was felt for legal clarity. Under the Companies Act 1956 (the Erstwhile Act), there were no explicit provisions regulating the

    IA
    By Ifla A over 2 years ago
  • Regulatory Updates: Ministry of Corporate Affair - the “Companies (Registered Valuer’s and Valuation) Amendment Rules, 2018.

    Regulatory Updates: Ministry of Corporate Affair - the “Companies (Registered Valuer’s and Valuation) Amendment Rules, 2018.

    MCA vide its notification dated 9 February 2018 has notified the “Companies (Registered Valuer’s and Valuation) Amendment Rules, 2018“, to amend Rule 11 on “Transitional Arrangement”, i.e. persons rendering valuation services. According to the provisions of these rules, any person

  • Regulatory Update: Ministry of Corporate Affairs - Companies (Authorized to Register) Amendment Rules, 2018.

    Regulatory Update: Ministry of Corporate Affairs - Companies (Authorized to Register) Amendment Rules, 2018.

    The MCA vide its notification dated 16 February 2018 has amended the Companies (Authorised to Register) Rules, 2014 and notified the Companies (Authorised to Register) Amendment Rules, 2018, substituting form no. URC-1 (Application by a Company for registration under Section 366 i.e, Conversion from firm into Company and

  • Independent Directors- Are they Independent in their Judgements?

    Independent Directors- Are they Independent in their Judgements?

    Independent Directors (ID) bring objectivity and an independent opinion to the decisions made by the directors of the company. IDs play a supervisory role and take into account the interests of shareholders, creditors, employees and other stakeholders in general. While

    AB
    By Ashwin Bhat over 2 years ago
  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-NOTIFICATION OF COMPANIES (AMENDMENT) ACT 2017.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-NOTIFICATION OF COMPANIES (AMENDMENT) ACT 2017.

    The MCA has notified the Companies (Amendment) Act, 2017 effective from 3 January 2018, this shall amend certain existing provisions of the Companies Act 2013. Key Amendments are as below: The definition of “Associate Company” is aligned with Accounting Standard

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