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Composition Scheme Under Goods and Services Tax For Small Traders

July 8, 2017 17325 Views 6 comments Print

Section 10 of Central Good and Service Tax Act, 2017 introduced the concept of Composition Scheme. This facility can be availed by any supplier of goods as well as services. One major point to be understood about this scheme is that it is an option provided to registered taxpayers already registered under the Act.

Which one is better “Company or LLP” In case FDI Comes or Overseas Shareholder?

May 26, 2017 3510 Views 0 comment Print

While allowing FDI in LLP, the Government of India, has taken a very precautionary approach by only allowing FDI under approval route in sectors where 100% FDI is allowed, under the automatic route and there are no FDI-linked performance related conditions, for example sectors like power, roads, information technology, manufacturing etc .

Analysis of Companies Management & Administration Amendment Rules, 2016

October 2, 2016 4414 Views 0 comment Print

In case of a company existing before the commencement of this act, the particulars are available registered under the Register of members registered under the Companies Act, 1956 shall be transferred to the New Register of Members in Form MGT-1 , and in case of additional information required as per the act and the rules thereunder, is provided by the members, such information may also be added in the registers as and when provided

Effect of Companies (Incorporation) Fourth Amendment Rules, 2016

October 2, 2016 2872 Views 0 comment Print

1. Effecting conversion of Public limited Company in to Private Limited Company or vice versa- Under rule 33(2) a copy of order of the (competent authority) Tribunal approving the alteration, shall be filled with the Registrar in Form INC 27 with in 15 days from the date of receipt of the order from the (Central government) Tribunal.

Analysis of Companies CSR Policy Amendment Rules, 2016

June 3, 2016 7156 Views 0 comment Print

Ministry of Corporate Affairs (‘MCA’), on the 23rd of May, 2016 came up with the Companies (Corporate Social Responsibility) Amendment Rules, 2016, with the intent to simplify the language complexity under the earlier Companies (Corporate Social Responsibility) Rules, 2014.

Related Party Transactions under CA, 2013 & SEBI LODR Regulations 2015

February 9, 2016 9938 Views 0 comment Print

This Table contains 17 Points of Applicability of Related Party Transaction under Companies Act, 2013 and SEBI (LODR) Regulation in the Tabular format. This is beneficial for my Younger Member who is Company Secretary of Listed Company and who is newly join a company. Related party is now a very complex issues now a days amongst the Company Secretaries.

Format of Affidavit to Transfer Trademark Rights From Society to Company

January 15, 2016 17527 Views 0 comment Print

BEFORE THE REGISTRAR OF TRADE MARKS, NEW DELHI In the matter of Trade Mark Application No. ___________ AFFIDAVIT In support of request made to record the name of a Subsequent Applicant/Proprietor I, ______________________, Indian citizen, s/o __________________, R/o ______________________________________ do hereby solemnly affirm and declare as follows: 1. That I am an Indian national and […]

Fraud Reporting- Time to Act Now!

January 12, 2016 968 Views 0 comment Print

The financial/ corporate frauds and scams which have taken place in India, required the attention of the Law makers. It was high time to evaluate the high standards in corporate governance and implement stringent provisions to tackle corporate Fraud. The problem was on the rise both in its frequency and severity. The increasing rate of white-collar crimes demanded stiff penalties, exemplary punishments and effective enforcement of law with the right spirit.

Agenda for First Board Meeting under Companies Act, 2013

January 12, 2016 82776 Views 6 comments Print

1. Leave of Absence, if any 2.To Elect the Chairman of the Meeting. 3. To take note of Certificate of Incorporation issued by the Registrar of Companies. 4. To Adopt the Common seal of the Company 5. To consider for applying Permanent Account Number for the Company 6. To take note of appointment of first directors. 7. Taking note of the printing of new stationery and painting of new name plates as per the requirement of Section 12(3) of Companies Act, 2013.

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