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COMPANY LAW NOTES + SCANNER Chapter 1  https://t.me/CSNotesCseetExecutive/2734 Chapter 3 Members Shareholders https://t.me/CSNotesCseetExecutive/2269 Chapter 5 Charges https://t.me/CSNotesCseetExecutive/2742 Chapter 7 CSR https://t.me/CSNotesCseetExecutive/2743 Chapter  Chapter 21 legal framework https://t.me/CSNotesCseetExecutive/2774 Penalties Company Act https://t.me/CSNotesCseetExecutive/2065 Full Company Law Notes https://t.me/CSNotesCseetExecutive/2035 Or https://t.me/CSNotesCseetExecutive/2000 COMPANY LAW MARATHON https://t.me/CSNotesCseetExecutive/2323 COMPANY LAW REVISION NOTES https://t.me/CSNotesCseetExecutive/2278 COMPANY LAW MARKS Weightage https://t.me/CSNotesCseetExecutive/2095 COMPANY LAW Amendment https://t.me/CSNotesCseetExecutive/1998 Company Law Case Study https://t.me/CSNotesCseetExecutive/1407 Company Law Sections https://t.me/CSNotesCseetExecutive/945 Join Us for updates  Notes + Test Series + Doubts Discuss Telegram  https://t.me/joinchat/1qfoFOQGBsIxZjU9 Youtu

CS Executive Demo Tests JIGL   https://forms.gle/qb1fFSBDYMGX5Fe69 SBEC https://forms.gle/2JArXximk46dkGVq6 Company Law https://forms.gle/Efz51z7SbBsBMUtGA You can write & upload, then submit your answer. Tax Law  (with Negative Marking) https://www.proprofs.com/quiz-school/ugc/story.php?title=tax-law-test Join Us @ CS Aspirant Team CS Aspirant

The glossary of Indian penal code 💁‍♂️The terms mentioned below are the legal glossary of the Indian Penal Code, 1860. All these words and phrases have to be understood in concern to the provisions mentioned in the IPC. These are essential for all law exams and legal life in general. ( Important Words Of the Indian Penal Code ) 1. Intra Territorial– Any offence for which a person is liable within India. 2. Extra Territorial– Any offence for which a person is subject to Indian law, tried outside India. 3. Gender– The word “he” includes “she” also. 4. Person– The word person used in the whole IPC includes company, association, or body of persons also. They are incorporated or not is not essential. 5. India– The word India means the whole territory of India, including Jammu and Kashmir. 6. Movable– Anything which is not attached to the earth, permanently fastened to earth or attached to what is so attached to the earth, is movable. 7. Wrongful– Anything which is not lawful in law or to w

Tax Notes + Scanners + MCQ Tax Credit input https://t.me/CSNotesCseetExecutive/2727 Amendment https://t.me/CSNotesCseetExecutive/2463?single Handwritten https://t.me/CSNotesCseetExecutive/2266 Vivek Gaba https://t.me/CSNotesCseetExecutive/2043 Short Notes https://t.me/CSNotesCseetExecutive/2262 Tax MCQ https://t.me/CSNotesCseetExecutive/2256 GST https://t.me/CSNotesCseetExecutive/2255 Residential Status https://t.me/CSNotesCseetExecutive/2236 GST Indirect Tax https://t.me/CSNotesCseetExecutive/2164 Direct Tax part 2 https://t.me/CSNotesCseetExecutive/2158 Direct Tax part 1 https://t.me/CSNotesCseetExecutive/2156 TDC TCS https://t.me/CSNotesCseetExecutive/2114 Tax Scanner https://t.me/CSNotesCseetExecutive/2101 New Income Tax Rate https://t.me/CSNotesCseetExecutive/2093 Direct Tax Amendment https://t.me/CSNotesCseetExecutive/2080 Join Us for updates  Notes + Test Series + Doubts Discuss Telegram  https://t.me/joinchat/1qfoFOQGBsIxZjU9 Youtube https://youtube.com/c/CSAspirant Instagram 

CHAPTER 13: RETURNS 1) The details of outward supplies of goods or services shall be submitted by – a) 10th of the succeeding month b) 18th of the succeeding month c) 15th of the succeeding month. d) 20th of the succeeding month. 2) Which form is furnished for submission of details of outward supplies u/s. 37? a) GSTR-1 b) GSTR-2 c) GSTR-3 d) GSTR-5 3) Who is required to furnish details of outward supplies in Form GSTR-1 ? a) Person paying tax under composition scheme b) Non – resident taxable person c) Both a) & b) d) None of the above. 4) Details of outward supplies shall include – a) Invoice b) Credit and Debit notes c) Revised invoice issued in relation to outward supplies d) All the above. 5) The normal permissible Time Period to upload the statement of outward supply will be : a) From 01st to 10th of the Next Month b) From 11th to 15th of the Next Month c) From 20th to 25th of the Next month d) From 11th to 20th of the Next Month. 6) The

Company Law Case Study  CHAPTER - 2 Share Capital  http://www.csaspirant.online/2021/03/case-law-chapter-2-share-capital.html CHAPTER - 3 Debt Capital http://www.csaspirant.online/2021/03/case-law-chapter-4-debt-capital.html CHAPTER - 5 Charges http://www.csaspirant.online/2021/03/case-law-chapter-5-charges.html CHAPTER - 7 CSR http://www.csaspirant.online/2021/03/case-law-chapter-7-corporate-social.html CHAPTER - 8 Account and Audit http://www.csaspirant.online/2021/03/case-law-chapter-8-accounts-audit.html CHAPTER - 12  http://www.csaspirant.online/2021/03/case-law-chapter-12-overview-of.html CHAPTER - 16 Directors http://www.csaspirant.online/2021/03/case-law-chapter-16-directors.html CHAPTER - 17 KMP http://www.csaspirant.online/2021/03/case-law-chapter-17-key-managerial.html CHAPTER - 19 General Meeting  http://www.csaspirant.online/2021/03/case-law-chapter-19-general-meetings.html Team CS Aspirant Join Now Notes + Test Series + Doubts Discuss Telegram  https://t.me/joinchat/1qfoF

CHAPTER 19 – GENERAL MEETINGS 07.11.2017 Jai Kumar Arya (Petitioner) vs. Chhaya Devi (Respondent) Delhi High Court Facts of the case The Company received a requisition, from its shareholders, for convening of an Extra Ordinary General Meeting (hereinafter referred to as “EGM”) on 26th May 2017, with the following proposals: “(i) removal of the plaintiff (Chhaya Devi) as Director/Managing Director of the Company, (ii) setting aside a notice, earlier issued, for approval of an agenda item, dated 31st of May 2014, to terminate the directorship of the defendants, and (iii) appointment of Defendant No. 1 (Rukmini Devi) as Managing Director of the Company.” On receiving the said requisition, the plaintiff (Chhaya Devi) responded, on 25th April 2017, alleging that the requisition was not in accordance with Section 169, read with Section 115 of the Companies Act, 2013 (hereinafter referred to as “the Act”), in as much as no Special Notice had been served, by the sharehold

CHAPTER 17 – KEY MANAGERIAL PERSONNEL 23.08.2019 Shiv Kumar Jatia (Appellant) Vs. State of NCT of Delhi (Respondent) The Supreme Court of India Shiv Kumar Jatia is the Managing Director of M/s. Asian Hotels which looks after Hyatt Re- gency Hotel. He had authorized Mr. PR Subramanian to apply for lodging license of the hotel. There was a contravention the condition of the lodging license which led to a hotel guest enter into a semi lit under-construction terrace for smoking. The guest fell from the terrace of 6th floor to the 4th floor and got injured. Case was brought before the High Court which ordered for prosecution of the Managing director along with the other three accused by rely- ing on the case of Sushil Ansal vs. State through CBI. The Apex Court held that vicarious liability on the part of Managing Director and the Direc- tors would arise provided any provision exists in that behalf in the statute. Further, the alle- gations made on the Managing Director could not estab

CHAPTER 16 - DIRECTORS 02.12.2019 G. Vasudevan (Petitioner) Vs Union of India (Rep. by Secretary, Ministry of Corporate Affairs and Ministry of Law and Justice) (Respondents) Madras High Court Section 167(1)(a) Companies Act not violative of Articles 14, and 19(1)(g) of the Consti- tution of India Facts of the case Petition filed under Article 226 of the Constitution of India praying for the issuance of a writ of Declaration, to declare the “Proviso” in Section 167(1)(a) of the Companies Act 2013, as inserted vide the Companies (Amendment) Act 2017 as ultra vires the Articles 14, 19(1)(g) of the Constitution of India and declare illegal and null and void. The challenge in the instant writ petition is to the vires of the proviso to Section 167(1)(a) of the Companies Act, as inserted by the Companies (Amendment) Act 2017. The same is extracted hereunder: - “(i) in clause (a), the following proviso shall be inserted, namely: — “Provided that where he incurs disqualif

CHAPTER 12 – AN OVERVIEW OF CORPORATE REORGANISATION 20.12.2019 Joint Commissioner of Income Tax (OSD), Circle (3)(3)-1 & Ors.(Appellants) vs. Reli- ance Jio Infocomm Ltd. & Ors. (Respondents) NCLAT Mere fact that a Scheme of Arrangement may result in reduction of tax liability does not furnish a basis for challenging the validity of the same. The NCLAT, held that without going to the record and without placing any evidence or sub- stantiating the allegation of avoidance of tax by appearing before the Tribunal, it was not open to the income tax department to hold that the composite scheme of arrangement amongst the petitioner companies and their respective shareholders and creditors is giving undue favour to the shareholders of the company and also the overall scheme of arrangement results into tax avoidance. The NCLAT observed that mere fact that a scheme may result in reduction of tax liability does not furnish a basis for challenging the validity of the same. The Inc

CHAPTER 8 – ACCOUNTS & AUDIT 04.06.2019 Hari Sankaran (Appellant) Vs. Union of India & Ors. (Respondents) The Supreme Court of India NCLAT order of allowing re-opening of books and recasting of financial statements of IL&FS is valid Facts of the case The facts leading to the present appeal in nutshell are as under: The Respondent No. 2 – IL&FS is a company incorporated under the provisions of the Com- panies Act, 1956. That the said company IL&FS has 348 group companies, including IFIN and ITNL. That the said IL&FS is a core investment company and systemically important Non- Banking Finance Company duly approved under the Reserve Bank of India Act, 1931. Over the years, it had inducted institutional shareholders. That on 01.10.2018, the Central Government through the Ministry of Corporate Affairs filed a petition before the learned Ap- pellate Tribunal under Sections 241 and 242 of the Companies Act alleging inter alia, mis- management by the

CHAPTER 7 – CORPORATE SOCIAL RESPONSIBILITY 13.11.2019 Apurva Natvar & Company India Private Limited vs. Registrar of Companies, Mumbai NCLT, Mumbai bench Section Violated Section 135 r/w 134(3)(o) of the Companies Act, 2013. Facts of the case The Company has violated the provision of Section 135 r/w Section 134 (3) (o) of the Com- panies Act, 2013 (hereinafter as Act) r/w. Rule 8 of Companies (Corporate Social Responsi- bility Policy) Rules, 2014 wherein the Company has not made CSR Expenditure and has not explained the reasons in Board’s Report of F. Y. 2014-15 for non-spending of the CSR amount along with other disclosure as required under Section 135 (2) of the Act. Provisions of Companies Act, 2013 According to the provision of Section. 135 (5) of the Act, the Board of the Company was required to spend, in every financial year, at least 2% of the average net profit of the Com- pany during the three immediately preceding financial years, in pursuance of its Corporate S

CHAPTER 5 - CHARGES Official Liquidator v. Sri Krishna Deo, (1959) 29 Com Cases 476: AIR 1959 All 247 and Roy & Bros. v. Ramnath Das, (1945) 15 Com Cases 69, 75 (Cal)]. The plant and machinery of a company embedded in the earth or permanently fastened to things attached to the earth became a part of the company’s immovable property and there- fore apart from the registration under the Companies Act, registration under the Indian Reg- istration Act would also be necessary to make the charge valid and effective. Cosslett (Contractors) Ltd., Re, (1996) 1 BCLC 407 (Ch D) A construction company’s washing machine which was in use at the site was declared under the terms of the contract to be the employer’s property during the period of construction. This was held to have created a fixed charge and not a floating charge on the machine be- cause the machine was only one fixed item and was not likely to change. In Lord Macnaghten in Government Stock Investment Company Ltd. v. Man

CHAPTER 4 – DEBT CAPITAL 28.01.2020 The Canning Industries Cochin Ltd. (CAICO) vs. SEBI SAT The present appeal has been filed against the order dated 18th March, 2019 passed by the Whole Time Member (WTM), Securities and Exchange Board of India (hereinafter referred to as ‘SEBI’) issuing various directions under section 11, 11(4), 11A, 11B and 19 of the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as ‘SEBI Act’). The contention of the appellant is, that Section 42 of the Companies Act is not applicable in the instant case and that the issue of the share capital is under Section 62(3) of the Com- panies Act, 2013 which has not been considered. The contention of the learned senior counsel for SEBI is, that since the offer of FCDs was for more than 200 persons, the said offer is a deemed public offer and therefore part one of the Chapter 1 of the Companies Act is required to be followed. Judgment : The Tribunal held that, as per Section 71

CHAPTER 2 – SHARE CAPITAL 29.01.2020 Bank of Baroda (Appellant) v. Aban Offshore Limited (Respondent) NCLAT Remedies available for Preference shareholders in relation to redemption of preference shares Facts of the case The present Appeal has been filed by the Appellant w.r.t the NCLT, Chennai Bench (Tribu- nal) order who has dismissed the application of Appellant solely on the ground that the Ap- pellant being preferential shareholders has no locus standi to file application for redemption of shares under Section 55(3) of the Companies Act, 2013 or even under Section 245 of the Companies Act, 2013. The Appellant has submitted that the Respondent Company is a listed Company with Madras Stock Exchange Limited, Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The Appellant has subscribed on various dates i.e.09.07.2005, 29.05.2007 and out of total subscription of Rs. 30,00,00,000/- worth of cumulative Redeemable Non- Convertible Preference S

CS Executive Group 1st Free Scanner  Company Law Scanner https://t.me/CSNotesCseetExecutive/2146 Tax law Scanner https://t.me/CSNotesCseetExecutive/2101 JIGL Scanner https://t.me/CSNotesCseetExecutive/2091 SBEC Scanner https://t.me/CSNotesCseetExecutive/2856 CS Executive Group 2nd Free Scanner SLCM Scanner  https://t.me/CSNotesCseetExecutive/848 EBCL Scanner https://t.me/CSNotesCseetExecutive/2858 CMA Scanner  https://t.me/CSNotesCseetExecutive/2861 FSM Scanner  https://t.me/CSNotesCseetExecutive/2859 Part 2 https://t.me/CSNotesCseetExecutive/2860 Join Us  Latest Scanner 21 Coming Soon  Notes + Test Series + Doubts Discuss Telegram  https://t.me/joinchat/1qfoFOQGBsIxZjU9 Youtube https://youtube.com/c/CSAspirant Instagram  https://www.instagram.com/cs_aspirant.online/ Website  https://www.csaspirant.online

✅ GST Section List                                                                                                                         SEC 1 - EXECENT OF ACCEPTABILITY SEC 2 - DEFINITION SEC 3,4,5 & 6 - ADDMINISTRATION SEC 7 - SUPPLY SEC 8 - COMPOSITE SUPPLY SEC 9 - CHARGEABILITY SEC 10 - COMPOSITION Scheme SEC 11 - EXEMPTION SEC 12 - TIME OF SUPPLY of goods SEC 13 - TIME OF supply of service SEC 15 - TRANSACTION VALUE SEC 16, 17 & 18 - ITC SEC 22 - LIABLE FOR REGISTRATION 10L,20L,40, SEC 23 - NOT LIABLE FOR REGISTRATION SEC 24 - COMPULSORY REG SEC 25 - Voluntary REGISTRATION  SEC 26 - DEEMED REG SEC 27 - SPECIAL PROV FOR NRTP, CASUAL TAXABLE PERSON SEC 28 - AMENDMENT SEC 29 - CANCELLATION SEC 30 - REVOCATION SEC 31 - TAX INVOICE, BILL OF SUPPLY SEC 32 - REG PERSON CAN COLLECT GST SEC 33 - Amount of tax to be indicated in tax invoice  SEC 34 - DEBIT NOTE AND CREDIT NOTE SEC 35 - 36 BOOKS OF ACCOUNT SEC 37 - GSTR 1 SEC 38 - GSTR 2 SEC 39 - GSTR 3 SEC 40 - FIRST RETURN SEC -

❗️🔰🔰Importance Section of company law🔰🔰❗️  Section 3 Formation of Company  Section 4 Memorandum of Association  Section 5 Articles of Association  Section 7 Incorporation of Company Section 8 Formation of Company with Charitable objects etc. Section 13 Alteration of Memorandum Section 14 Alteration of Articles Section 20 Service of Documents Public offer and Private placement Section 26 Matters to be stated in Prospectus Section 31 Shelf Prospectus Section 32 Red herring Prospectus Section 42 Offer or Invitation for subscription of Securities on Private placement Section 43Kinds of Share capital Section 46 Certificate of Shares Section 54 Issue of Sweat equity shares Section 56 Transfer and transmission of Securities Section 63 Issue of Bonus shares Section 73 Prohibition on Acceptance of deposits from Public Section 77 Duty to register Charges etc Section 85 Company's Register of Charges Section 88 Register of Members etc Section 92 Annual Return Section 94 Place of k

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