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Archive: 24 January 2023

Posts in 24 January 2023

Exposure Draft of ICSI Social Audit Standards on Dated 18th January, 2023

January 24, 2023 1308 Views 0 comment Print

The main object of Social Audit is to ascertain the impact made by the Social Enterprise through its activities, intervention, programs or projects implemented during the reporting period.

Key Points–V3 forms- MCA

January 24, 2023 2526 Views 0 comment Print

1) Trademark validation is added in Incorporation Form. 2) Every User has to create his/her id on the portal and have to register DSC through their respective login. 3) E-MOA and E-AOA is added for Section 8 Company. 4) E-Form DIR-2 is added. Most of Physical Form has been removed. 5) NIC Code 2008 needs […]

Cost-Cutting & Disruptions: Implications of Retrenchment on Indian Economy

January 24, 2023 1908 Views 0 comment Print

Explore the implications of retrenchment on the Indian economy, driven by global cost-cutting measures amid the economic fallout of the COVID-19 pandemic. Understand the expected impact on unemployment, particularly in sectors like IT, telecom, automotive, and banking. Discover how government initiatives such as Pradhan Mantri Garib Kalyan Yojana and Atma Nirbhar Bharat Yojana aim to address job security. Assess the long-term challenges for India’s economy and the need for comprehensive policies to mitigate the effects of retrenchment.

Summary of changes being considered to Insolvency & Bankruptcy Code, 2016

January 24, 2023 2595 Views 0 comment Print

Summary of Contents of Notice dated 18.01.2023 issued by the Ministry of Corporate Affairs to invite comments from public on changes being considered to the Insolvency and Bankruptcy Code, 2016 The Ministry of Corporate Affairs (MCA) vide Notice dated 18.01.2023 invited comments from public on changes being considered to the Insolvency and Bankruptcy Code, 2016 […]

Compounding and Condonation Under Companies Act, 2013

January 24, 2023 12582 Views 0 comment Print

Compounding of Offences Under the Companies Act, 2013 The Companies Act, 2013 provides for the compounding of certain offences committed by companies or their directors, officers, and other employees. The Act empowers the National Company Law Tribunal (NCLT) or the Regional Director (RD) to compound the offences committed under the Act. The compounding of offences […]

Unnecessary complication in MCA V3 Portal

January 24, 2023 5010 Views 0 comment Print

Today new V3 portal has been implemented by Infosys with many changes on process of forms 1. Now every time to login in V3 requires an OTP creating a lot of inconvenience. 2. Now every DIN holder has update DSC in v3 again even if that was registered in V2 already. 3. To update the […]

Are electric vehicles a sustainable & amp; disruptive business model?

January 24, 2023 2451 Views 0 comment Print

In emerging solutions to mitigate the risk of climate change, reduce greenhouse gas emissions & reduce the burning of fossil fuels electric vehicles emerged as sustainable & inclusivity solutions for the planet & people but are the electric vehicles sustainable at a ground level let’s demystify the intricacies of electric vehicles.

Appointment of Director not having DIN – MCA imposes penalty

January 24, 2023 27984 Views 0 comment Print

Section 152(3) of Companies Act, 2013, mandate that an individual cannot be appointed as director unless allocated a DIN as per Section 154

Large Companies must take responsibility to handhold MSMEs

January 24, 2023 591 Views 0 comment Print

Large Companies must take responsibility to handhold MSMEs, help them adapt best practices and integrate them into the supply chain ecosystem: Shri Goyal at Fourth Plenary session of B20 India Inception Meeting To become a trusted and resilient partner in global value chains, Government is focusing on creating an enabling ecosystem, that is simpler, faster […]

Obtain residents’ informed consent before conducting Aadhaar authentication

January 24, 2023 972 Views 0 comment Print

Obtain residents’ informed consent before conducting Aadhaar authentication: UIDAI to Requesting Entities Entities are required to obtain residents’ informed consent either on paper or electronically before carrying out Aadhaar authentications, the Unique Identification Authority of India (UIDAI) has highlighted in its new guidelines for Requesting Entities (REs). UIDAI has urged REs, which carry out online […]

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