Q.1 Whether Practicing Company Secretary gets appointment as Independent Director? Ans. Independent Director is Non-executive Director and a Practicing Company Secretary can be appointing as Independent Director. Q.2 Whether Company Secretary in employment gets appointment as Independent Director in another Company? Ans. Independent Director is Non-executive Director of the Company. A employee company Secretary even […]
It’s a common question amongst many professionals, mentioned below with hypothetical situation: If a company fails to file Active form, status of form changed as Active Non Complaint. -Out of 3 Directors 2 has not filed their DIR-3 KYC. -Due to non filing of DIR-3 KYC their DIN are deactivated. -Due to deactivation of DIN, […]
The tariff items and descriptions of goods in the said Schedule are aligned with the tariff items and descriptions of goods in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) at the four-digit level only. The descriptions of goods given at the six digit or eight digitin the said Schedule are in several cases not aligned with the descriptions of goods given in the First Schedule to the Customs Tariff Act, 1975.
After commencement of Companies Act, 2013 from 01st April 2014 Compliance requirement of Companies has been increased Like: MSME-1, BEN-2, Dematerialization of Shares, DPT-3 etc. Even no exemptions are granted to Public Limited Companies under Companies Act, 2013.
The Rules envisage a competitive industry of RVOs, where they compete with one another to provide better valuation services through their professional members, in the interest of the users, and other stakeholders of valuation services. The Rules also envisage that a member may shift membership from one RVO to another, subject to prior permission of the Authority, that is, the Insolvency and Bankruptcy Board of India (Board) for the same. The Rules further require an RVO to employ fair, reasonable, just and non-discriminatory practices for enrolment and regulation of its members.
Institute of Company Secretaries of India has revised Guidelines for Advertisement by Company Secretary. These guidelines includes details of permitted and restricted advertisements. Guidelines for Websites of Professionals. *Most Imp: The Company Secretary or a firm of Company Secretaries shall not list his/her service(s) on any aggregator website such as Sulekha, Olx, Urbanclap, JustDial, Quikr […]
CBDT notifies Institute of Pesticide Formulation Technology Gurugram under section 35(1)(ii) vide Notification No. 07/2020-Income Tax dated 28th January, 2020.
Q.1 What should be objects of Nidhi Company? Ans. Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members. The primary object of Nidhi is to carry on the business of accepting deposits and lending money to member. Q.2 Whether Loan can […]
Free transferability of share is one essential condition for Company form of business, subject to some restrictions under private companies. New Act, deals with substantially. Statutory provisions related to transfer of share one should refer the following sources: Section 56 of Companies Act, 2013 Rule 11 of Companies (Share Capital & Debentures) Rules 2014 Provisions […]
While the naysayers have predicted that India’s bad loan crisis has turned to the worse, pragmatically speaking it seems far from over now. As per a 2019 Government of India report obtained from Press Information Bureau, RBI provisional data on global operations, the aggregate amount of gross NPAs of Public Sector Banks (PSBs) and Scheduled […]
