Entries by Vinod Kothari Consultants

Filing of return for delayed payment to MSMEs- Effective or frittering?

November 14, 2018 /1 Comment/in , /by

By Simran Jalan (corplaw@vinodkothari.com) The Government of India enacted the Micro, Small and Medium Enterprises Development Act, 2006 (“the Act”)[1] to ensure timely and smooth flow of credit to micro, small, and medium enterprises (MSMEs) and minimize sickness among them. The Act strengthens the provisions relating to delayed payments to the MSMEs by specifying the […]

The Companies (Amendment) Ordinance, 2019

November 14, 2018 /0 Comments/in , , /by

– a move towards decriminalization of offences under the Companies Act, 2013! Munmi Phukon | Principal Manager Megha Saraf | Manager Smriti Wadehra | Assistant Manager(corplaw@vinodkothari.com) INTRODUCTION The Ministry of Law and Justice has come out with an Ordinance dated 2nd November, 2018, further amending 31 provisions of the Companies Act, 2013 (“Act”) based on […]

The Companies (Amendment) Ordinance, 2018- Disqualification pursuant to exceeding number of Directorship

November 8, 2018 /0 Comments/in /by

By Shaifali Sharma (corplaw@vinodkothari.com) Introduction In a move towards streamlining and strengthening the rules for directors, government has introduced and amended certain provisions in past which resulted into disqualification of lakhs of directors and deactivation of their DIN. Recently, The Ministry of Law and Justice vide an Ordinance dated 2nd November, 2018 has now introduced […]