In this write-up, we will discuss the meaning of the Financial Year for the company incorporated after 1st January. In Companies Act, 2013 only define Financial Year. However, “the year” is not defined. So the definition under the General Clauses Act, 1897 will be applicable, and as per the General Clause Act, 1897, year means […]
INTRODUCTION Every Company needs funds to run and expand its business operations. These funds either are owners’ capital or debt. This debt can further be debenture, loans, and deposits. In this write-up, we are going to discuss deposits and inter-corporate borrowings. In this write-up, I will analyse provisions related to acceptance of Deposits by the […]
In this write-up, I am going to discuss the Import Export Code (hereinafter called IEC.) Import Export Code is the alphanumeric code similar to the PAN of the Company/Individual/Firm, as the case may be. It is used for the identifications of the importer and exporter.
Corporates need funds to grow. Funds can be debt or equity. If we want to raise funds through the equity route, we may issue shares to existing shareholders or new shareholders. However, when we issue new shares to existing shareholders, we can take the route of the right issue. In this write-up, I am going […]
INTRODUCTION Every company in India needs to prepare the Return under section 92 sub-section-1, called Annual Return. No company enjoys any exemption from the preparation of the Annual Return, whether the One Person Company, Small Company, Private Company, Public Company, or Not For Profit Company, etc. Section 92 sub-section 1 also provides the content of […]
Ever since the Government introduced the amendment in the Indian Stamp Act, 1899, (hereinafter called as Stamp Act) there is constant confusion among the professionals about the manner and rate in which stamp duty is to be paid.
Name is one of the most important aspects of the Companies existence, it is the first thing which any outsider see while dealing with the company. So it not only signifies the identity of the business per se but also creates the perception about the company in the eyes of outsiders. In today’s world, the […]
Since the introduction of the MCA21 in the year 2006, we are submitting different documents, records, and return electronically through different e-form. MCA21 run a virtual front office which provides the different facilities such as registering the Digital Signature, companies’ master data, directors’ master data, annual filing and various other filings. We do these filing […]
MCA on 24th of December, 2020 inserted the new rule 9A. The rule provides the extension in the time limit for the reservation of name. Before moving further with the new rule I am encapsulating the existing provision related to reservation of the name. Currently, we are incorporating company through SPIC+ integrated system of company […]
The concept of Producer Company dates back to the year 2000 when committee under the chairmanship of the eminent economist Dr Y.K. Alagh proposed the new type of organization that having the features of both co-operative society and company and to be called as producer company.
