February, 2023

INDEX

CP Connect: (... to keep you updated) 2

REGULATORY UPDATES
1 Relaxation in additional fees and transitional plan for 45 e-forms in MCA21 Version 3.0 portal
MCA vide Circular Nos. 01/2023 & 02/2023 dated 09th January, 2023 has allowed additional time of 15 days, without additional fees, in
cases where the due dates for filing of 45 e-forms fell during the period 07/01/2023 and 22/01/2023.
However, stakeholders may file Form GNL-2 (filing of prospectus related documents) and Form MGT-14 (filing of Resolutions relating to
prospectus related documents) during 07th January, 2023 to 22nd January, 2023 on the MCA-21 Portal in physical mode duly signed by
the concerned persons without payment of fee and take acknowledgment thereof. Such filing will be accompanied by an undertaking
from the company that once the filing of such form is enabled on the portal, the company shall file the relevant form in electronic form on
MCA-21 Portal along with fees payable as per the Companies (Registration Offices and Fees) Rules, 2014.
Click here to view Circular 01

Click here to view Circular 02

2 MCA amends various rules to migrate the set of forms from MCA V2 to MCA V3 Portal
MCA vide Notifications dated 21st January, 2023 has notified the following amendment rules to migrate the set of forms from MCA V2 to
MCA V3 Portal w.e.f. 23rd January, 2023:
a) The Companies (Accounts) Amendment Rules, 2023;
b) The Companies (Authorised to Register) Amendment Rules, 2023;
c) The Companies (Registration of Foreign Companies) Amendment Rules, 2023;
d) The Nidhi (Amendment) Rules, 2023;
e) The Companies (Prospectus and Allotment of Securities) Amendment Rules, 2023;
f) The Companies (Appointment and Qualification of Directors) Amendment Rules, 2023;
g) The Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2023;
h) The Companies (Incorporation) Amendment Rules, 2023;
i) The Companies (Registration Offices and Fees) Amendment Rules, 2023; CP Connect: (... to keep you updated)
REGULATORY UPDATES
j) The Companies (Management and Administration) Amendment Rules, 2023;
k) The Companies (Share Capital and Debentures) Amendment Rules, 2023; and
l) The Companies (Miscellaneous) Amendment Rules, 2023.
According to the Amendment Rules, the following forms have been substituted:
S. No. Form No. Form Name
1) AOC-5 Notice of address at which books of account are to be maintained;
2) URC-1 Application by a company for registration under section 366;
3) FC-1 Information to be filed by foreign company;
4) FC-2 Return of alteration in the documents filed for registration by foreign company;
5) FC-3 Annual accounts along with the list of all principal places of business in India established by foreign company;
6) FC-4 Annual Return of a Foreign Company;
7) NDH-1 Return of Statutory Compliances;
8) NDH-2 Application to Regional Director and Intimation to the Registrar;
9) NDH-3 Return of Nidhi Company for the half year ended;
10) NDH-4 Form for filing application for declaration as Nidhi Company and for updation of status by Nidhis;
11) PAS-2 Information Memorandum;
12) PAS-3 Return of Allotment;
13) PAS-6 Reconciliation of Share Capital Audit Report (Half-yearly);
14) DIR-3 Application for allotment of Director Identification Number before appointment in an existing company or LLP;
15) DIR-3C Intimate information of directors, managing director, manager and secretary by an Indian company;
16) DIR-5 Application for surrender of Director Identification Number;
17) DIR-6 Intimation of change in particulars of Director/ Designated partner to be given to the Central Government;

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REGULATORY UPDATES
S. No. Form No. Form Name
18) DIR-8 Intimation by Director;
19) DIR-9 Report by the company to Registrar for disqualification of Directors;
20) DIR-10 Application for removal of Disqualification of Directors;
21) DIR-11 Notice of resignation of a director to the Registrar;
22) DIR-12 Particulars of appointment of directors and the key managerial personnel and the changes among them;
23) MR-1 Return of appointment of managerial personnel;
24) MR-2 Form of application to the Central Government for approval of appointment of managing director or whole-time
director or manager;
25) RUN Reserve Unique Name (For change of name only)
26) INC-4 One Person Company - Change in Member/Nominee
27) INC-6 One Person Company and Private Company – Application for Conversion
28) INC-9 Declaration by Subscribers and First Directors
29) INC-12 Application for grant of License to an existing company under Section 8;
30) INC-13 e-MOA (e-Memorandum of Association)
31) INC-18 Application to Regional Director for conversion of section 8 company into company of any other kind
32) INC-20 Intimation to Registrar of revocation/surrender of license issued under section 8
33) INC-20A Declaration for commencement of business
34) INC-22 Notice of situation or change of situation of registered office
35) INC-23 Application to the Regional Director for approval to shift the Registered office from one state to another state or
from jurisdiction of one Registrar to another Registrar within the same State
36) INC-24 Application for approval of Central Government for change of name
37) INC-27 Conversion of public company into private company or private company into public company and Conversion of
Unlimited Liability Company into a Company Limited by shares or guarantee or conversion of guarantee
company into a company limited by shares
CP Connect: (... to keep you updated) 5
REGULATORY UPDATES
S. No. Form No. Form Name
38 INC-28 Notice of Order of the Court or Tribunal or any other competent authority
39) INC-31 e-AOA (e-Articles of Association)
40) SPICe+ Part-A Simplified Proforma for Incorporating Company Electronically
41) INC-33 e-MOA (e-Memorandum of Association)
42) INC-34 e-AOA (e-Articles of Association)
43) INC-35 Application for Goods and services tax Identification number , employees state Insurance corporation
(AGILE-PRO- registration pLus Employees provident fund organisation registration, Profession tax Registration, Opening of
S) bank account and Shops and Establishment Registration
44) RD-1 Form for filing application to Central Government (Regional Director)
45) GNL-2 Form for submission of documents with the Registrar
46) GNL-3 Particulars of person(s) charged for the purpose of sub clause (iii) or (iv) of clause 60 of section 2
47) GNL-4 Form for filing Addendum for rectification of defects or incompleteness
48) MGT-3 Notice of situation or change of situation or discontinuation of situation, of place where foreign register shall be
kept
49) MGT-14 Filing of Resolutions and agreements to the Registrar
50) SH-7 Notice to Registrar of any alteration of share capital
51) SH-8 Letter of offer
52) SH-9 Declaration of solvency
53) SH-11 Return in respect of buy-back of securities
54) MSC-1 Application to ROC for obtaining the status of dormant Company
55) MSC-3 Return of dormant company
56) MSC-4 Application for seeking status of active company

CP Connect: (... to keep you updated) 6

REGULATORY UPDATES
Click here to view Accounts Rules

Click here to view Authorised to Register Rules

Click here to view Foreign Company Rules

Click here to view Nidhi Rules

Click here to view PAS Rules

Click here to view Directors Rules

Click here to view Managerial Personnel Rules

Click here to view Incorporation Rules

Click here to view Registration Offices Rules

Click here to view Management Rules

Click here to view Share Capital Rules

Click here to view Miscellaneous Rules

CP Connect: (... to keep you updated) 7

REGULATORY UPDATES
3 MCA enhances the disclosure requirement in case of disqualification of Directors
MCA vide Notification dated 20th January, 2023 has amended the Companies (Appointment and Qualification of Directors) Rules, 2014 to
enhance the disclosure requirement in case of disqualification of directors which are as follows:
a) Every director shall now inform the concerned company about his disqualification under Section 164(1) & (2) in Form DIR-8 before
his appointment or re-appointment. Previously, this intimation was required in case of sub-section (2) only;
b) Whenever a company receives the aforementioned intimation, it shall file Form DIR-9 with RoC within 30 days of such receipt; and
c) Any application for removal of disqualification of directors shall be filed before the Regional Director in Form DIR-10. Previously, it
was required to file with RoC.

Click here to view Directors Rules

4 MCA eases the documentation required for obtaining status of a dormant company
MCA vide Notification dated 20th January, 2023 has amended the Companies (Miscellaneous) Rules, 2014 to ease the documentation
part for obtaining the status of a dormant company under which the requirement of filing copy of board resolution, special resolution,
auditor’s certificate, certified statement of affairs, consent of the lender (if any loan is subsisting), latest audited financial statement &
annual return and certificate regarding no dispute in the management have been done away with.
Click here to view Miscellaneous Rules

5 MCA eases the incorporation and conversion process of companies

MCA vide Notification dated 20th January, 2023 has amended the Companies (Incorporation) Rules, 2014 and the Companies (Authorised
to Register) Rules, 2014 to ease the incorporation and conversion procedure of companies which is as follows:

CP Connect: (... to keep you updated) 8

REGULATORY UPDATES
a) Physical copy of MOA and AOA has been replaced with e-MOA and e-AOA, respectively in all cases of conversion of companies;
b) Format for the consent of the nominee in OPC in Form INC-3 has been omitted and such declaration has been incorporated in
incorporation Form INC-32 (SPICe+) and change in member/ nominee Form INC-4 itself;
c) For the conversion of OPC into a public or private company & private company into OPC, the company shall file an application in
Form INC-6 along with e-MOA and e-AOA. The requirement of filing copy of resolution, list of proposed members & directors, list of
creditors and latest audited financial statement have been done away with. Now, the RoC shall issue fresh COI for such conversions
after examining the latest audited financial statement in MCA records;
d) Format for the declaration by practicing professionals in Form INC-14 and declaration by applicants in Form INC-15 at the time of
incorporation of section 8 company and conversion of an existing company into section 8 company has been omitted and both
declarations have been incorporated in incorporation Form INC-32 (SPICe+) and conversion Form INC-12 itself;
e) For the conversion of the existing company into a section 8 company, the company shall file an application in Form INC-12. The
requirement of filing estimation of future annual income and expenditure for three years and two years of financial statements,
board’s report & audit reports have been done away with. Now, the RoC shall issue fresh COI for such conversion after considering the
latest two years audited financial statements in MCA records;
f) For the conversion of section 8 company into a company of any other kind, an intimation along with the application filed with the RD
shall be shared with the RoC through MCA system. Previously, it was required to be filed separately with the RoC. Apart from this, the
declaration of practicing professional shall be filed within the application instead of a separate certificate;
g) For the conversion of LLP/ Partnership firm/ Society/ Trust into a company, the requirement of filing written consent of members, an
undertaking of the proposed directors for the compliance of the Indian Stamp Act and details of the objects along with a declaration
from all the members about the compliance of restrictions and prohibitions for the section 8 company have done away with; and
h) Now, the applicant need not submit a separate copy of the application for shifting of registered office from one State to another State
with the RoC and an intimation of application filed with the RD shall be shared with the RoC through MCA system.
Click here to view Incorporation Rules
CP Connect: (... to keep you updated) 9
REGULATORY UPDATES
6 SEBI amends LODR Regulations
SEBI vide Notification dated 17th January, 2023 has amended the SEBI (LODR) Regulations, 2015 to provide the following amendments
w.e.f. 01st April, 2023:
• It has been cleared that in case of an Infrastructure Investment Trust registered under the SEBI (Infrastructure Investment Trusts)
Regulations, 2014, the governance norms specified under the SEBI (Infrastructure Investment Trusts) Regulations, 2014 shall be
applicable;
• In case of a Real Estate Investment Trust registered under the provisions of the SEBI (Real Estate Investment Trust) Regulations, 2014,
the governance norms specified under the SEBI (Real Estate Investment Trust) Regulations, 2014 shall be applicable;
The following amendments have enforced w.e.f. 17th January, 2023:
• Now, the functional heads (by whatever name called) are part of the senior management;
• In case of re-appointment of a director or manager, the listed entity should obtain the approval of shareholders at the next general
meeting or within a time period of 3 months from the date of appointment, whichever is earlier. Previously, it was required in case of
appointment only;
• However the criteria of 3 months is not applicable in case of a public sector company;
• Annual Reports filed for the FY 2022-2023 and thereafter, details of material subsidiaries of the listed entity; including the date and
place of incorporation and the name and date of appointment of the statutory auditors of such subsidiaries should be disclosed.
Click here to view Regulations

7 SEBI amends the various SEBI regulations to provide a new definition of ‘change in control’
SEBI vide Notification dated 17th January, 2023 has notified the SEBI (Change in Control in Intermediaries) (Amendment) Regulations,
2023 to amend the various SEBI regulations to provide a new definition of ‘change in control’ which will be as follows:

CP Connect: (... to keep you updated) 10

REGULATORY UPDATES
“Change in control” means:
i. in case of a body corporate –
A. if its shares are listed on any recognised stock exchange, shall be construed with reference to the definition of control in terms
of regulations framed section 11(2)(h) of the SEBI Act;
B. if its shares are not listed on any recognised stock exchange, shall be construed with reference to the definition of control as
provided in Section 2(27) of the Companies Act, 2013;
ii. in a case other than that of a body corporate, shall be construed as any change in its legal formation or ownership or change in
controlling interest.
Explanation – For the purpose of sub-clause (ii), the expression “controlling interest” means an interest, direct or indirect, to the extent of
not less than 50% of voting rights or interest;
Click here to view Regulations

8 Notice inviting Public Comments on amendments in Insolvency and Bankruptcy Code, 2016
MCA vide notice dated 18th January, 2023 has invited public comments on changes being considered to the Insolvency and Bankruptcy
Code, 2016.
Changes under consideration are:
• Use of technology in the IBC ecosystem;
• Changes to the Code are being considered in relation to the admission of corporate insolvency resolution process (“CIRP”)
applications;
• Streamlining the insolvency resolution process;
• Recasting the liquidation process; and
• The role of service providers under the Code.
CP Connect: (... to keep you updated) 11
REGULATORY UPDATES
Suggestion/comments, if any, along with brief justification may be submitted online latest by 5:30 PM on 07th February, 2023.
Click here to view Notice

Click here to submit comments/ suggestions

9 Report of the Cross Border Insolvency Regulations Committee (CBIRC-II) on Group Insolvency
Summary of Recommendations of the Committee inter-alia provides as under:
a) A group insolvency framework that is voluntary, flexible and enabling in nature should be provided under the Code. Such a
framework may be introduced in phases. In the first phase, only provisions governing domestic group insolvency may be enacted.
b) The UNCITRAL Model Law on Enterprise Group Insolvency (MLEGI) may not be adopted in India at present, and its adoption may be
considered after enactment of single entity cross border insolvency laws and based on learnings from its implementation.
c) Jurisprudence on substantive consolidation, i.e., pooling of assets and liabilities of an insolvent group, is already developing under
the Code through case law. This is a remedy resorted to in exceptional circumstances and provisions governing substantive
consolidation may not be provided in the Code at present. The need for such provisions may be contemplated at a later stage, on the
basis of practice and jurisprudence evolved in this regard.
d) In the group insolvency framework under the Code, a broad and inclusive definition of ‘group’ should be provided so as to include a
large number of corporate debtors within the ambit of the framework. The definition of ‘group’ may be based on the criteria of
control and significant ownership. This definition should be applicable to all entities that fall within the definition of a ‘corporate
debtor’ under the Code, i.e., companies and limited liability partnerships. The group insolvency framework may not apply to financial
service providers notified under Section 227 of the Code.
e) The group insolvency framework under the Code should only apply to corporate debtors in respect of whom a corporate insolvency
resolution process or liquidation process is ongoing. The law shall not apply to solvent members of the group.
Click here to view Report

CP Connect: (... to keep you updated) 12

CASE Laws
1 NCLT can restore a struck-off company to enable the Income Tax Department to recover its dues
The Delhi High Court held that the notice under section 148 of the Income Tax Act, 1961 issued against the company on the date it stood
dissolved as a consequence of being struck off, was valid in view of the subsequent order passed by the NCLT restoring the company.
Referring to Section 252(3) of the Companies Act, the Delhi High Court observed that the order passed by NCLT, directing the restoration
of a company, will have the effect of placing the company in the same position as if the name of the company had not been struck off
from the register of companies.
The High Court further noted that Section 250 of the Companies Act recognizes the continuing liability of a struck-off company under
which a company is dissolved in consequence of being struck off under section 248, it shall be deemed to continue to be in existence for
the purpose of discharging its liabilities.
Apart from this, Section 248(7) of the Companies Act recognizes the continuing liability of every director, manager or other officer who
was exercising any power of management and it may be enforced as if the company had not been dissolved.

[Ravinder Kumar Aggarwal vs. Income Tax Officer, Delhi High Court, W.P (C) 7122/2019 & CM APPL. 29656/2019]

Click here to view Order

CP Connect: (... to keep you updated) 13

ARTICLE
Sale of shares’ vis-a-vis‘sale of an Undertaking’
under section 180 of the Companies Act, 2013: A
brief analysis
Sale of an undertaking
Section 180(1)(a) of the Companies Act 2013 (‘the Act’) makes it abundantly
clear that an undertaking in which the investment of a company exceeds
twenty per cent of its net worth, or an undertaking which generates twenty
per cent of the total income of the company, as per its latest audited balance
sheet shall require the approval of shareholders via special resolution (i.e., an
‘ approval’ for which consent of minimum seventy-five per cent is required)
before selling, leasing or otherwise disposing off such undertaking. Simply
put, sale, lease or disposal of an undertaking which fulfills any of the two
criteria as mentioned above necessitates approval of shareholders by special
resolution.
Meaning of undertaking
However, the perplexity of the core issue lies in assessing as to what exactly
the term ‘Undertaking’ construes?
The Act does not define the term undertaking. Rather, it merely provides the
quantitative criteria, beyond which the approval of shareholders by special
resolution would be required to approve its sale, lease or disposal. In layman’s
language, an undertaking includes an enterprise, business, company, project,
venture, or any entity of like nature. CP Connect: (... to keep you updated) 14
ARTICLE
The Hon’ble courts in a catena of judgments had the occasion of considering the issue of discussing the term undertaking. In a leading case of
Re: PS Offshore Inter Land Services Limited, the Hon’ble Bombay High Court observed that-
“Undertaking means ‘the unit’, the business as a going concern, the activity of the Company duly integrated with all its components in the form
of assets and not merely some assets of the undertaking…If the question arises as to whether the major capital assets of the company
constitute the undertaking of the company while examining the authority of the Board to dispose of the same without the authority of the
general body, the test to be applied would be to see whether the business of the company could be carried on effectively even after disposal of
the assets in question or whether the mere husk of the undertaking would remain after disposal of the assets?”
Thus, it can very safely be inferred that an ‘undertaking’ is a combination of assets that are integral for carrying out the business activities of a
Company. Consequently, any capital contributed towards acquisition of such assets will be considered as an ‘investment’ in an undertaking.
Whether Sale of shares is the same as Sale of undertaking
Pari Materia, whether ‘sale of shares’ held in other company, will tantamount to ‘sale of an Undertaking’?
Investment made in the shares of another company forms part of assets for the first mentioned company. However as elucidated above, such
investment in shares does not amount to creation of an undertaking unless making of investment is a ‘business activity’ or included in the
‘Main Objects’ of the Company as a part of its Memorandum of Association even if it fulfils any or both the quantitative parameters prescribed
in the Act. Investments in the form of securities such as shares, debentures, etc. are generally carried out by companies for investment
purposes and not with the motive of furtherance of business activities unless such company is an Investment Company.
The Hon’ble Bombay High Court in the case of Brooke Bond India Limited v. U.B. Limited and Others observed-
“Whatever be the number of shares sold, even if it amounts to the transfer of the controlling interest of the company it cannot be the same as
the sale of any part of the undertaking”
On a concluding note, sale of shares would not fall within the ambit of ‘undertaking’ as such investment is neither the main business object of
the Company nor it qualifies as a business activity. Consequently, if a company sells shares held by it in another company, special approval of
shareholders shall not be applicable.

CP Connect: (... to keep you updated) 15

ARTICLE
Borrowing funds from outside India
An Indian entrepreneur similar to local banks, can also borrow funds from
banks based out of India. Such borrowing of funds from outside India is known
as External Commercial Borrowings (ECBs).
As per the recent data released by RBI, during October, 2022, Indian entities
have raised ECB to the tune of INR 1,42,99,20,622. While the said sum is
nothing as compared to funds borrowed by businesses in India but ECBs at
time, can be a cheaper alternative to borrowing fund in India.
But everyone cannot access ECB. This is the reason why ECB is not a very
popular source of borrowings. Reserve Bank of India has currently allowed
only certain class of borrowers to avail ECB from a certain class of lenders.
Further there are other aspects of ECB, which has to be in line with the norms
laid down by the RBI.
In this brief article, we have some discussed some key issues connected with
ECB for your easing understanding.
What does ECB mean?
ECB is a commercial loan raised by the eligible Indian entities from the
recognised non-resident entities in compliance with the below mentioned
parameters –
• Maximum permissible limit of ECB
• Minimum Average Maturity Period
• End-uses of the funds raised
• All-in cost ceiling CP Connect: (... to keep you updated) 16
ARTICLE
What are the types of ECB?
• Loans including bank loans;
• Floating/ fixed rate notes/ bonds/ debentures
• Trade credits
• Foreign Compulsorily Convertible Bonds
• Foreign Compulsorily Exchangeable Bonds
• Financial Lease
Who are eligible borrowers and lenders?
Indian companies Resident of FATF/ IOSCO compliant country
Limited Liability Partnership Individuals
Port Trusts Foreign equity holders
Small Industries Development Bank of India Foreign branches/ subsidiaries of Indian banks
EXIM Bank of India Multilateral & Regional Financial Institutions where India is a
member country
Indian Start-ups
Units in Special Economic Zones

At what rate I can borrow from outside India?

RBI has not levied any limit on the maximum rate of interest on an ECB, however, maximum limit for all-in cost has been laid down to 500bps
for foreign currency denominated ECB and 450bps for INR denominated ECBs.

CP Connect: (... to keep you updated) 17

ARTICLE
What are the key costs associated with ECB?
Rate of interest, other fees, expenses, charges, guarantee fees, ECA charges.
For many years, I can avail ECB?
RBI has defined minimum maturity period for the ECBs based upon the business activity of an Indian entity and the purpose of ECB ranging
from 1 years to 10 years. Further, the maximum tenure of an ECB may be decided by the borrower and the lender.
What are key compliances associated with ECB?
Form ECB for allotment of Loan Registration Number and reporting of terms and conditions of ECB obtained.
Form ECB 2 to report the actual transactions on monthly basis.
Whether ECB needs to be secured?
Not mandatorily.

CP Connect: (... to keep you updated) 18

 COMPLIANCE CALENDAR

FEBRUARY 2023

Sun Mon Tue Wed Thu Fri Sat

DUE DATES
1 2 3 4
SEBI (LODR), 2015
5 6 7 8 9 10 11 Filing of quarterly financial results and consolidated financial results (if
any) with the Stock Exchange(s);
12 13 14 15 16 17 18 Statement of deviation of utilization of proceeds along with financial
results;

19 20 21 22 23 24 25 Comments/ Report received from Monitoring Agency (where company

has appointed a monitoring agency)

26 27 28

CP Connect: (... to keep you updated) 19

 CP THINK TANK
VIDEO RECORDING OF WEBINARS ORGANISED
BY CP IN THE MONTH OF DECEMBER, 2022

Corporate Professionals, as a part of its knowledge sharing initiatives, has

organized Webinars. A large number of Secretarial, Finance, Corporate
Governance, Securities Market, HR and Legal professionals across India
participated in the Webinars and interacted with the experts.

During the month of January, 2023, the following webinars were organized:
1. Company, Securities and Insolvency Law – Recap of Recent Regulatory
& Legal Updates;
2. Nitty Gritty of Structured Digital Database (SDD); and
3. Consultation Paper for refund process of IEPF Authority.

To view recording of the webinars, Click here

CP Connect: (... to keep you updated) 20

 CP THINK TANK
‘Handbook of Company Law Procedures’ (4th Edition;
October, 2022) is now available
Handbook of Company Law Procedures, is an innovative publication from the house of
Corporate Professionals, aimed to provide complete understanding of various
compliances under the Companies Law. This book synthesizes the various compliances
required under the Companies Law, Securities Law, FEMA etc. related to an event at one
place in a simple, clear and easy to understandable format. This book reflects authors’
extensive hands-on practical experience, drawn from various departments of the
organization, as professionals, consultants and practitioners in their respective fields to
provide a complete insight of compliance management. The Handbook follows an
innovative approach by presenting end to end compliance requirements for more than
175 events with timelines, documents required, draft Board and General Meetings
resolutions.

This Book is Helpful for: Practicing Professionals; Company Professionals; Directors/ KMP
and Students.

Click here to view Sample Procedure

Click here to order the book

CP Connect: (... to keep you updated)

21
 CP THINK TANK
‘COMPANIES ACT, 2013 AND RULES & FORMS WITH
CONCISE COMMENTARY AND REFERENCER’ (2023
Edition) is now available
Companies Act, 2013 and Rules & Forms is the best seller from the House of Corporate
Professionals, which has emerged as a leader in bringing out up-to-date books on the
Companies Act, 2013 with more than 60,000 copies sold till date. While maintaining its
credibility from the last 13th editions, the scope of the 15th edition has been expanded
by covering exemption notification issued for a company deals in financial products,
financial services or financial institutions in an IFSC and amendments upto 10th January,
2023.
Key Features:
• Book is divided into Six (6) divisions. Reader may directly go to any division with the
help of rain-fall spot on fore-edge of the Book;
• Companies Act, 2013 as amended by Companies (Amendment) Act, 2020 and
reference of Exemption Notification issued u/s 31 of IFSCA Act, 2019;
• Reference of relevant rules, important circulars and penal provisions in relevant
section
• Secretarial Standards issued by ICSI

This Book is Helpful for: Practicing Professionals; Company Professionals; Directors/ KMP
and Students.
Click here to purchase CP Connect: (... to keep you updated)
22
 CP THINK TANK
Company Law Ready Referencer (May, 2022) is
now available
Company Law Ready Referencer is yet another innovative publication from the
house of Corporate Professionals to serve as an ideal accompaniment of our
best-selling publications i.e. ‘Companies Act, 2013 and Rules & Forms with
Concise Commentary’ and ‘Handbook of Company Law Procedures’.

Key Features:
• More than 115 handy Ready Referencer, in the form of tables and charts, so
that reader can refer to the relevant ready referencer instead of complete
reading of the Companies Act.
• Section-wise Circulars for clarity and quick reference.
• Board & General meetings related Drafts and Formats.
• Formats of Newspaper Advertisements, Affidavits, Indemnity Bond,
Declarations and Deeds.
This Book is Helpful for: Practicing Professionals; Company Professionals;
Directors/ KMP; Students and Other Stakeholders like members, creditors,
deposit holders etc.

Click here to view Complete Index of the Book

Click here to purchase

CP Connect: (... to keep you updated) 23
ABOUT US
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innovative and distinguished corporate business solutions through a unique model of
integrated financial and legal consulting services. The Group comprises of a distinctively
positioned Law Firm rendering high quality comprehensive Corporate Laws Services
specializing in Companies Act, Securities Law, FEMA, Tax & Regulatory services as well as
a separate Merchant Banking Company (SEBI Cat-I license) with Boutique Investment
Banking & Transaction Advisory services. High Integrity and Confidentiality in dealing
with clients and assignments undertaken is deeply inculcated in our team.

With the right blend of legal and financial skills, continuous focus on research and
effective use of Information Technology, Corporate Professionals is creating customised
products, for different class of clients. Innovative flair of executing assignments with
problem solving zeal and use of Technology has enabled us to offer path breaking
solutions.

Disclaimer:

CP Connect is a quick compilation of updates prepared and circulated from the academic point of view only and
are not intended to constitute professional advice on any matter. Every effort is made to avoid errors. In spite of
that, errors and discrepancies may creep in. It is expressly stated that neither CP nor any of the contributors of
updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore,
requested to cross check with the original sources e.g. Government publications, Orders, Judgements etc., before
taking any action or making any decision.

CP Connect: (... to keep you updated) 24

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ESOP Advisory and Management Tax Law Advisory

Denominator

India Entry Services & Business Setup

Global Business Setup

Corporate Litigation & Representations

Risk, Assurance & Due Diligence

Documentation & Drafting

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