Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
Prosecution of Delinquent Officers: Section 342
Prosecution of delinquent officers under section 342 of the Companies Act, 2013 lets the Tribunal direct a liquidator to prosecute during a winding up.
Affidavit in Winding Up: Section 355 of the Act
An affidavit in winding up may be sworn in India or abroad. Section 355 of the Companies Act, 2013 names who may take it and who must notice the seal.
Consequence of Termination of Agreements: S. 243
The consequence of termination of agreements under section 243 of the Companies Act, 2013: no damages claim, and a five year bar on the director removed.
Section 246: Application of Provisions to Oppression
Section 246 of the Companies Act, 2013 is an application of provisions clause: it carries sections 337 to 341 into oppression and class action proceedings.
Fraudulent Application for Removal of Name: S. 251
A fraudulent application for removal of name under section 251 of the Companies Act, 2013 keeps management personally liable after the company is dissolved.
NFRA: National Financial Reporting Authority
NFRA, the National Financial Reporting Authority, is constituted under section 132 of the Companies Act, 2013 to recommend, monitor and enforce audit standards.
Compounding of Offences: Section 441 of the Act
Compounding of offences under section 441 of the Companies Act, 2013: who compounds, the twenty-five lakh line, and the three year bar on a repeat default.
Dividend Held in Abeyance: Section 126 Explained
Dividend held in abeyance: section 126 of the Companies Act, 2013 governs dividend, rights and bonus shares while a transfer is pending registration.
Services an Auditor Cannot Render: Section 144
The services an auditor cannot render are listed in section 144 of the Companies Act, 2013: nine heads, plus a wide directly or indirectly Explanation.
Internal Audit Under Section 138: Who Appoints
Internal audit under section 138 of the Companies Act, 2013: which companies must appoint an internal auditor, who may be one, and who is barred from the role.
Power to Enforce a Scheme: Section 231
The power to enforce a scheme under section 231 lets the Tribunal supervise a sanctioned compromise, modify it, or wind the company up if it cannot work.
Merger Under Section 232 of the Companies Act
A merger under section 232 of the Companies Act, 2013: the transferor and transferee split, the papers circulated before the vote, and what the order can do.
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