Team LegalEdge is back with its All India Scholarship & Admission Test and if you don’t want to miss the chance of earning up to 100% scholarship on our upcoming batches, do write the examination. Appear for the CLAT All India Scholarship and Admission Test for evaluating your preparation & growth. Date of the Test: 24th April 2022Timing of the Test: 12 PM to 10 PM ” DON’T WAIT FOR OPPORTUNITIES, CREATE THEM “ Link to Register: https://bit.ly/34i42P4 Follow the Instagram page of @legal_edge to keep yourself updated on exams notifications, interesting law content and more.
MPCJ Preliminary Examination is scheduled for 6th May 2022. So, Team Judiciary Gold is coming up with the MPCJ Pre-Hybrid Crash Course (Now at Discounted Prices) to fuel your preparation.
Speed up your preparation with the best. Explore the concept-building sessions by JG Experts and brush up on your Solving Skills by appearing for our Comprehensive Test Series on the MPCJ Preliminary Exam pattern available on our website.
Join us and get a step closer to your Judicial Success. Don’t miss the chance!
Team LegalEdge is pleased to announce that we are coming up with the All India Scholarship and Admission Test, scheduled for 6th March 2022. Appear for the All India Scholarship & Admission Test and Get a chance to win up to 100% Scholarship. Compete with thousands of CLAT Aspirants and evaluate your preparation. Don’t miss out on this golden opportunity. Register Now! Link – https://bit.ly/34i42P4 Follow the Instagram page of @legal_edge to keep yourself updated on exams notifications, interesting law content and more.
Study in top NLUs with comprehensive 3 months preparation.
What is LLM CLAT PG Course & Who should take this?
Any aspirant who wishes to clear CLAT LLM and Fulfil the aspiration to study in top institutions within one month of preparation or one who has been studying but wants to get a quick revision with professions so not to miss out your precious year. Come Join this course.
So if you are one of the serious aspirants of CLAT PG LLM, or parallel exams to get into alike prestigious institution via AILET LLM, DU LLM or LSAT LLM besides CLAT LLM preparation, this capsule course is all that you need.
Further If you’re an aspirant who wishes to get PSU Jobs, then you already know by now that you would be requiring to top this Exam which makes it all the more imperative to join us and test your preparation.
Our Course for LLM 2022 is designed in such a manner to cover the updated LLM syllabus both 50% Paper based on Constitutional law and rest 50% other subjects.
Study from NLU Alumni and Qualified professionals who have themselves cleared CLAT both UG and PG and been there and studied law in NLUs.
Have Clarity of what NOT to read and understand the priority as per the WAITAGE of the exam by analysing the Question Patter.
Live Lectures & Continuous Assessment by MOCK TESTS monthly for Preparation.
One on One Personalized Guidance & Attention by Personalized Mentor throughout the LLM examination.
Reading Material, Key Case Laws & Practice Tests.
Previous Years Paper Analysis and Sharing latest Strategy and Tips for comprehension.
OUR 2021 COURSE TOPPERS
Ms. Varsha Singh, AIR 52, PG CLAT 2021
Ms. Aparna Shukla, AIR 169, PG CLAT 2021
& Many More
SYLLABUS OF PG CLAT FOR LLM-
The PG-CLAT 2022 will feature an emphasis on the comprehension abilities of the students. It shall be of 120 minutes duration, with one sections: The first section would include 120 objective-type questions carrying 1 mark each. There shall be a negative marking of 0.25 marks for every wrong answer.
In the Objective section of the PG-CLAT 2022, you will also be provided extracts from primary legal materials such as important court decisions in various fields of law, statutes or regulations. Each passage will be followed by a series of questions that will require you to demonstrate the:
Ability to read and comprehend the issues discussed in the passage, as well as any arguments and viewpoints discussed or set out in the passage;
Awareness of the issues discussed in the passage, as well as of legal issues and facts related to and arising out of the passage and the judgment or statute from which it is extracted &
Ability to apply your knowledge of the fields of law discussed in the passage.
SUBJECTS FOR PG CLAT-
Law of Contract,
Public International Law,
Labour & Industrial Law
4500/- [Early Bird for First few seats]
5000/- [Original Price]
Payment Info: Googlepay/Phonepe/Paytm at 8895448575
Note : Enrollers will be added to whatsapp group within 24 hours once enrolled
DATES: Course Starts from 10th March, 2022
Duration: Till exam
Mr. Kaushal Pandey
Assistant Professor at Mody University
Mr. Tanmay Agrawal
Assistant Professor & Phd Scholar
Mr. Nilesh Katariya
Ms. Sonam Jain
Assistant Professor at NRI Group Institute
Mr. Rahul Tiwari
Assistant Professor at IIL & Adv.
Ms. Shikha Porwal
Advocate, Delhi High Court
ABOUT LEGAL FINISHING SCHOOL:
Team LFS aims to give to all law students in India the practical and most accessible experience of learning the law. After having operated since the past few months having served a base of 5000+ participants including students as well as young professionals in our Legal Finishing School family, we look forward to serving more efficiently. We have been organizing panel discussions for better learning and are continuously working to get the best legal luminaries- practitioners, judges and academicians alike for best learning. We also assist and guide the students for internships by linking them to a network of legal professions.
GMU is holding its annual flagship event, GMU-CIArb (India) International Maritime Arbitration Competition (GIMAC) from April 8, 2022, to April 10, 2022, to be held online.
Gujarat Maritime University is an endeavor by the Gujarat Maritime Board to provide a fillip to this growth by bridging the knowledge gap within the industry. The prime objective of Gujarat Maritime University is to be a global center for excellence in maritime education, research and development, professional training and it aims to enhance and increase the human capital and capacity of the maritime industry both in India and across the globe.
The aspiration is to serve the global maritime community by producing educated and well-trained professionals in the maritime domain.
About the Competition
In Academic Session 2021-22, GIMAC Committee of School of Maritime Law, Policy and Administration, Gujarat Maritime University is holding its annual flagship event, GMU-CIArb (India) International Maritime Arbitration Competition (GIMAC) from April 8, 2022, to April 10, 2022, online using a virtual platform. The event is expected to have participation from about 50 Law Schools and Universities across India & abroad.
GMU-CIArb (India) International Maritime Arbitration Competition is aimed at nurturing and creating opportunities for the development of the skills of Arbitration in Maritime Law. For your convenience, I have attached with this mail, GIMAC Invitation, GIMAC Rule, and GIMAC Proposition.
For registration please log on to and fill out the registration form on or before March 11, 2022.
The Prize money for the winners of GIMAC 2022 are as follows:
A Private Limited Company enjoys an identity separate from its Directors. Thus, in order to maintain its active status, every business is required to file annual compliances for a private limited company with the Ministry of Corporate Affairs (MCA). Since the inception of the Companies Act in 1956, the scope of private limited companies has undergone a myriad of changes.
The Ministry of Corporate Affairs and the Registrar of Companies, in an attempt to limit the functionalities of private limited companies, issue a lot of compliances as mentioned under the Companies Act, 2013. These complex terminologies might be a little difficult to comprehend for a non-professional. Thus, it is advisable to consult a professional right after private limited company registration to deal with your annual compliances.
Private Limited Company Compliances
What are the Annual Compliances for Private Limited Company?
Benefits of Annual Compliances for Private Limited Company
Documents Required for Annual Compliances for Private Limited Company
Event Based Annual Compliances for Private Limited Company
Private Limited Company Compliances
According to Section 149 (1) of the Companies Act, 2013, the minimum number of directors required to incorporate a private limited company is two and the maximum is fifteen. In addition to this, it has a threshold limit of 200 members. All the shareholders of a private limited company have a liability, limited to the extent of the capital invested by them in the firm.
On the other hand, a public limited company registration requires a minimum of three directors at the time of its incorporation. A public limited company registration enjoys more benefits in comparison to private limited company registration, in terms of perpetual existence, ease of transferability and borrowing capacity. A private company must also file its annual compliance with the Registrar of Companies, even in case of nil annual turnover.
What are the Annual Compliances for Private Limited Company?
Almost all activities performed by a private limited company are regulated by the Companies Act, 2013. These include the appointment, qualification, remuneration, and retirement of the company’s directors and other aspects such as conducting the board meetings and shareholder meetings. It is always a better choice to seek professional advice to understand the legal requirements and to ensure timely fulfillment of all mandatory compliances so as to waive off the penalties. Outsourcing annual compliances for the private limited company after private limited company registration also allows you to focus on the key areas of your business.
The due dates for the annual filing of a private limited company are based on the date of its Annual General Meeting. If a business regularly fails to meet annual compliances for private limited company, it may lead to the removal of the company’s name from the MCA register and permanent disqualification of the company directors.
Benefits of Annual Compliances for Private Limited Company
1. Greater Credibility:
The date of filing annual compliances for private limited company is displayed on the MCA portal and is visible to everyone. Thus, the regularity in filing compliances increase your business’s credibility, attracting customers, helping obtain government tenders and attaining loan approvals.
2. Attracts investors:
Financial records and compliances are the key points of focus with regard to investors. Before investing in your business, investors check the regularity of filing annual returns on the MCA portal. Thus, regular filing of annual compliances for private limited company is a quintessential part to obtain investors.
3. Maintain active status of your business:
Filing annual compliances for private limited company is essential to avoid penalties on accounting services. Failure to file may also reduce the status of your business to default and levy huge penalties. Moreover, the company will also be declared ‘in-operational’ and removed from the Registrar of Companies. The directors of such companies are debarred from all future businesses. With effect from July 2018, an additional fee of Rs 100 per day will be charged per day from the due date of filing.
Documents required for Annual Compliances for Private Limited Company
The documents requirement for Annual Compliances for Private Limited Company are:
Certificate of Incorporation
PAN Card of Directors
MOA (Memorandum of Association) and AoA (Articles of Association) of the company
Audited Financial Statements
DSC (Digital Signature Certificate) of Directors
Audit Report and Board Report
Annual Compliances for Private Limited Company
1. Appointment of First Auditor:
The Body of Directors is required to appoint an auditor within thirty days of incorporation of the company. A private limited company that fails to appoint an auditor is liable to pay a penalty of Rs 300 per month. In addition, the company will not be allowed to commence business. He/She is required to stay in the office till the completion of 1st AGM.
2. Subsequent Auditor:
A subsequent auditor is appointed to monitor the fair dealings of a company in terms of its financial position. He/She is appointed in the first AGM and continues to stay in the same position till the sixth AGM. As per the Companies Act, 2013, a subsequent auditor is appointed by the filing Form ADT-1.
3. Board Meetings:
The first board meeting is required to be held within one month or thirty days of its incorporation. Four board meetings are required to be held in each financial year. Also, one should note that the gap between two consecutive meetings cannot be more than 120 days. Declaration of Board Meetings is to be duly informed to each director at least seven days before the meeting date.
4. Annual General Meeting:
An Annual General Meeting, commonly known as AGM, is one of the most essential annual compliances for private limited company. At the AGMs, the Board of Directors of the company are required to present its true financial position to the shareholders. AGM is required to be organized on or before 30th September every financial year during working hours of the company. The AGM should not be held on public holidays or after business hours. It must be held on the registered office after issuance of notice of at least 21 days.
5. Filing of Annual Returns:
All private limited companies are required to file their annual returns within a time span of sixty days of holding the Annual General Meeting. This can be done by filing MCA Form MGT-7. Failure to file annual returns levy a penalty of Rs 200 per day from the due date of non-filing.
6. Filing of Financial Statements:
Every private limited company is required to file their financial statements, i.e., Profit and Loss Account and Balance Sheet along with Director Report by filing Form AOC-4 within thirty days of holding the Annual General Meeting. Failure to file Form AOC-4 levies a penalty of Rs 200 per day.
7. Director Disclosure:
All private limited companies are required to file Form MBP-1 to disclose their interest in other companies yearly on the first Board Meeting of every year.
8. DIR-3 KYC of Directors:
Directors owning DIN (Director Identification Number) with active status are required to file DIR-3 KYC annually as per the Companies Rules, 2014. Failure to file DIR-3 KYC will lead to inactive DIN status on the MCA portal. Please note that no Form of annual compliances for private limited company can be filed if DIR-3 stands deactivated.
9. Form DIR-8:
Form DIR-8 is required to be filed by every director of a private limited company at the time of his/her appointment ascertaining that he/she is not disqualified/debarred from functioning as a Director of a company.
10. Commencement of Business Certificate:
The commencement of business certificate is required to be obtained by every company within 180 days of the incorporation of the business. In case a company fails to attain this certificate, there is a penalty of Rs 50,000 on the company and Rs 10,000 per day on the directors.
Event-based Annual Compliances for Private Limited Company
Apart from annual compliances for private limited companies, there are event-based compliances that need to be compiled on the occasion of occurrence of an event. Here are specific instances of a few events:
Change in the authorized capital or the paid-up capital of the private limited company (Form SH-7 and PAS-3 respectively)
Allotment of new shares or transfer of new shares
Offering loans to other companies
Offering loans to directors of the company
Appointment of managing or whole-time Director and their payment (to be filed with the ROC)
When a bank account is opened or closed, or there is a change in the signatories of a bank account.
If there is an appointment or change of the statutory auditors of the company
To conclude, annual compliance can make or break your business. It enhances credibility, brand loyalty, and customer faith in your company. The cost of non-compliance always turns out to be more than that of compliance. Thus, you should consult a professional who may not only help you at every step of your business but also coordinate with you in fulfilling all the compliance requirements for your company while keeping you on the same page. Taxzona is a comprehensive consultancy company that offers company registration in Mumbai, with annual compliances, ROC filing, and MCA filing effectively and professionally.
Law is basically a set of rules, and in order to be a lawyer or to practice law, you need to know the different types of laws. Just like any other profession, there are many different sectors and options for those who want to become lawyers or want to go into law. In this article, we will look at some of the different types of laws that exist in America.
The Different Types of Laws
There are various types of laws. One type that is important to note, and that many people are unfamiliar with, is International Law. This branch of law is all about how a country deals with other countries around the world. This includes treaties, trade agreements, and more. There’s also Environmental Law; this branch deals with the duty of protecting our environment for future generations. Legal ethics is another type of law that all lawyers need to familiarize themselves with; it’s all about how a lawyer should behave in certain situations.
The last type of law we will mention is Criminal Law; this is what most people picture when they think about laws in America. This branch focuses on crimes, their punishments, and how to move forward with a criminal case. If you ever find yourself needing representation by a lawyer or if you want to pursue law as your career path, these are some of the different types of laws you will need to know more about!
The Four Branches of the Government
There are four branches of the government in America, and each branch has its own role. The executive branch is the branch that deals with enforcing the law- this is the president. The legislative branch is the branch that makes laws, and it consists of two parts: House of Representatives, who make laws for all Americans, and Senate, which does the same for just their state or group. The judicial branch interprets laws in order to enforce them. Finally, the constitutional amendment process (which we will talk about later) amends laws when they need to be changed over time.
The Execution of Laws
The execution of laws is one type of law. The execution of laws includes the enforcement of criminal and civil laws, as well as some administrative matters. For example, an execution of a court order to levy property or file a lien.
Execution of laws can be both civil and criminal, depending on the nature and severity of the crime. Execution of laws can also include criminal prosecution in federal courts.
Laws and Ethics in America
In America, there are many different types of laws. You have federal laws, state laws, local laws, and even international law. For example, the U.S. Congress has created the Uniform Code of Military Justice (UCMJ) to regulate those who serve in the military. The UCMJ is applied to any criminal case that involves a service member or someone who works for the Department of Defense.
One thing you should know about law is that it is not just about studying to become a lawyer or practicing law; there are many different types of fields and options within law. One field where you can work as a lawyer and specialize in is International Law. With this specialization, you would be working with treaties between countries, international trade agreements, and other international issues where both countries are involved in some way. There are also specialties for more specific areas like Tax Law or Criminal Law where you specialize in one specific area like tax fraud or theft crimes respectively.
Laws are the rules that society lives by. Laws are created by the government for the people. Laws can be either written or unwritten. Laws can be good or bad, depending on the circumstances. Laws are either Constitutional or not. Laws are either enacted by Congress or not, enacted by the President or not or enacted by a Court. Laws can be about anything, and there are many types of laws, such as criminal law, administrative law, environmental law and constitutional law.