Companies Act, 2013

Foreign investment in India – Reporting in Single Master Form SHORT SUMMARY: The Reserve Bank of India (RBI) has introduced new directions under the provisions of the Foreign Exchange Management Act, 1999 vide A.P. (DIR Series) Circular No. 30 notified on the 7 June 2018 (hereinafter referred to as 'RBI Circular') laying down the roadmap for implementation of the reporting of foreign investments.  As per Reserve Bank of India, There are various ways of investment in India by foreigners and there are different forms for each type of investment like: Capital contribution in Company, LLP or investment in other investment vehicles. To make it convenient, ease of doing business RBI will introduce a “Single Master Form (SMF) subsuming all the existing reports. The focus of RBI is on integrating the foreign direct investment reporting system and RBI has introduced TWO FORMS for this. ENTITY MASTER FORM: EMF is part of first Mo

FAQ’s – ROC NOTICE U/S 248 SHORT SUMMARY: As PIB Report, during F.Y. 2017-18 ROCs identified and removed from the ROC the names of 2,26,166 companies; 3,09,619 directors disqualified. 2 nd drive to be launched during the current financial year 2018-19; a total 2, 25,910 companies identified for being struck-off. Many ROC’s has issued notices in form STK-5 in the month of May and June, 2018 u/s 248(4) of Companies Act, 2013. Notice has been sent to those Companies, which according to ROC have not been carrying on any business or operation for a period of two immediately preceding financial years. The main thrust of this editorial is “TO DISCUSS THE FAQ’S, FOOD FOR THOUGHT FOR THE SAME” FAQ’S A.    If Company doesn’t reply ROC Notice what are the consequences of same? I.             Whether ROC can strike off the status of Company? As per Notice of ROC u/s 248(1), this notice is first step toward struck off of Company. If Company fails to reply s