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.

  • Ministry of Corporate Affairs: Clarification on Extension of Annual General Meeting (AGM)

    Ministry of Corporate Affairs: Clarification on Extension of Annual General Meeting (AGM)

    Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31 March 2020. Ministry of Corporate Affairs vide general circular dated 17 August 2020 has reiterated that the companies which are unable to hold their

  • Notification of Companies (Acceptance of Deposits) Second Amendment Rules, 2019

    Notification of Companies (Acceptance of Deposits) Second Amendment Rules, 2019

    The Ministry of Corporate Affairs (the MCA) vide its Notification dated 30 April 2019, has amended the Companies (Acceptance of Deposits) Rules, 2014. This amendment is in relation to its earlier notification dated 22 January 2019 which mandated the non-government

  • 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
  • Significant Beneficial Ownership: Who is the real owner of the shares?

    Significant Beneficial Ownership: Who is the real owner of the shares?

    The recent changes to Section 90 of Companies Act, 2013, is to determine the identity of the person behind the curtain who is having a significant ownership of the company and is essentially controlling the management and daily affairs of

    Sharda Balaji
    By Sharda Balaji about 2 years ago
  • Jurisprudence of Corporate Criminal Liability of Directors

    Jurisprudence of Corporate Criminal Liability of Directors

    Gone are the times when the world viewed Indian Companies as ‘family businesses’. With time, the structures adopted in Indian companies have grown increasingly specialized and complex, with specific directors being nominated to take charge of specified activities of the

    AS
    By Avaneesh Satyang about 2 years 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

  • MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    The MCA vide its notification dated 7 May 2018 has amended Companies (Prospectus and Allotment of Securities) Rules 2014 and done away the requirement of detailed list of contents of the prospectus following suggestions from the stakeholders that offer documents

  • 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
  • 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-DESIGNATION OF SPECIAL COURT FOR THE STATE OF KARNATAKA.

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-DESIGNATION OF SPECIAL COURT FOR THE STATE OF KARNATAKA.

    The MCA vide its notification dated 4 December 2017 with the concurrence of the Chief Justice of the High Court of Karnataka, designated the LIX Additional City and Sessions Judge, Bengaluru City, as Special Court for the speedy trial of

  • Condonation of Delay Scheme 2018- A way out to restore the DINs of disqualified Directors

    Condonation of Delay Scheme 2018- A way out to restore the DINs of disqualified Directors

    Background The Ministry of Corporate Affairs (the MCA) on 26 December 2016 notified the process of strike-off of the company from the register of Registrar of Companies (the RoC). The strike-off can be either suo-moto by RoC or on an

    Sharda Balaji
    By Sharda Balaji over 2 years ago
  • DELEGATION OF POWERS TO REGIONAL DIRECTOR

    DELEGATION OF POWERS TO REGIONAL DIRECTOR

    DELEGATION OF POWERS TO REGIONAL DIRECTOR UNDER SECTION 458 OF COMPANIES ACT 2013 The MCA vide its notification dated 06 September 2017 pursuant to power vested in it under Section 458 of the Companies Act, 2013 has delegated its powers

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