No Objection Certificate (NoC) of secured creditor & charge holder required for conversion into company u/s 366 of Part I of Chapter XXI of the Companies Act 2013
Part I of Chapter XXI of the Companies Act 2013 (the Act) deals with Companies authorised to register under the Act. Section 366 allows registration of unregistered entities such as partnership firms, limited liability partnerships (LLPs), cooperative societies etc. with two or more members to register under the Companies Act, 2013 as a company limited by guarantee, a company limited by shares, or an unlimited company.
MCA has amended the the Companies (Authorised to Register) Rules, 2014 by notifying the Companies (Authorised to Register) Amendment Rules, 2023.
The Form URC-1 namely Application by a company for registration under section 366 has been amended to require No Objection Certificate (NoC) from secured creditor along-with charge holder of the existing entity where applicable.
State Bank of India in its General Meeting of the Shareholders elected four Directors to the Central Board. The meeting…
Voluntary declaration of additional income by increasing WIP was not proper, as assessee will take the additional benefit in the…
Cash payment for purchase of land or property cannot be treated as violation of provisions of section 269SS or 269T…
Income Tax Department has released excel Utility for e-filing ITR-1 and ITR-4 for AY 2026-27 Excel utilities of ITR-1 and…
Amount of money received as Mediclaim not deductible from an award passed by MACT under the head of medical expenses.…
Location of the assessing officer who passed the order shall decide the jurisdiction of the Bench of the Tribunal In…