1. Purpose of the filling form- For declaration of holding Company- In case there is a holding company of the company which is filing this form and such holding company is also required to file the form BEN-2, then the radio button ‘Declaration of holding reporting company’ needs to be selected and the CIN of […]
Companies (Significant Beneficial Owners) Amendment Rules, 2019 was notified by MCA vide Notification Dated 8th February 2019 which are Subject to Provisions of Section 90 of Companies Act, 2013 and Section 469(1),(2) Companies Act, 2013. Article explains the following- Meaning of Significant Beneficial Owner (SBO) Who will be SBO in various Cases? Duty of the […]
PMLA, 2002 (Part-3) CHAPTER-IV Obligations of Banking Companies, Financial Institutions and Intermediaries Total Section in Chapter- IV – Five Section 12 Reporting entity to maintain records (l) Every reporting entity shall- (a) maintain a record of all transactions, including information relating to transactions covered under clause (b), in such manner as to enable it to […]
PMLA (Part-2) CHAPTER III ATTACHMENT, ADJUDICATION AND CONFISCATION Total Sections in Chapter-III – Seven Section 5 Attachment of property involved in Money- Laundering- Where the Director or any other officer not below the rank of Deputy Director authorized by the Director for the purposes of this section, has reason to believe (the reason for such […]
This Part of PMLA Contains only Introductory portion of the Act, this article contained only 2 Chapters. PMLA, 2002 The Prevention of Money Laundering Act (PMLA), 2002 was enacted in January, 2003. Objective of the Act- The PML Act seeks to combat money laundering in India and has three main objectives: To prevent and control […]
As per Rule 16A(3) of the Companies (Acceptance of deposit) Rules, 2014 ‘every company other than Government company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in terms of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 to […]
Provisions applicable: Section 248 of Companies Act, 2013 & Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. Power to Whom: Registrar of Companies. *Note- Format of Form STK-3 & STK-4 given below. Form No. STK – 3 INDEMNITY BOND [Pursuant to clause (i) of sub-rule (3) of rule 4 of […]
BEN ↓ Companies (Significant Beneficial Owners) Rules, 2018 Vide MCA Notification dated 13th June 2018 Provisions: Section 90 read with sub-section (1) of section 469 of the Companies Act, 2013. Total Rules: 8 Rules – – Form No. BEN-1 Purpose: Declaration of significant beneficial ownership in shares. Provision: section 90 of the Companies Act, 2013 & […]
Learn all about stamping of share certificates: provisions, stamp duty payable, documents required, and penalties for delay in stamping.
What if a Company has entered any wrong particulars in Financial Statements or in Board Report and the same has filed to ROC in Form AOC-4 & the SRN got approved? Any Voluntary revision is possible or not? ↓ As per section 131 of the Companies Act, 2013 Step by Step Procedure – – […]
