The article deals mainly with the COLLATRERAL which is non-cash in nature and an agreement or custom (common business practices) exists which defines the rights and obligation attached to the collateral for transferee (who receives such collateral) and for transferor (who provides such collateral).
Central Government has extended the KYC for Directors as well. Just like Bank KYC, where governments want to know the Director and expect them to submit a yearly intimation about KYC and any changes, if any, in the details.
What To Do In Case If Your Company’s Name Is Recently Published In The Public Notice Of Ministry Of Corporate Affairs, Office Of Registrar Of Companies, NCT Of Delhi & Haryana (ROC-Delhi), For Striking Off?
In the GST Regime, a business whose turnover exceeds Rs. 20 lakhs (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, […]
Resolution-by-circulation means the resolution which is passed by the circulation among the directors or members of the Board. Generally, the resolution was proposed to be passed when there is urgency or sometimes the resolution by circulation is preferred to avoid the procedural requirements of convening the physical Board Meeting.
The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government.
In this article, we look at whether a Limited Liability Partnership (LLP) can be converted into a private limited company, Advantages of Conversion, Pre-Requisites For LLP Conversion into Company and Procedure For LLP Conversion into Company. Introduction Most of the Entrepreneurs opting for LLP registration are small businesses that do not foresee any requirement for […]
MCA has issued Companies (Accounts) Amendment Rules, 2018 w.r.t Board Report which shall come into force on the date of their publication in the Official Gazette i.e 31-07-2018. The Board shall additionally disclose, as to whether maintenance of cost records as specified by the Central Government under section 148(1) of the Companies Act, 2013
Cash on delivery (COD) is the sale of goods by mail order where payment is made on delivery rather than in advance. The concept of COD was brought into e-commerce marketplace by home-grown e-commerce giant Flipkart way back in 2010.
Pursuant to introduction of GST, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to incorporate resultant changes. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules, 2018 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments.
