Dividend: As per Section 2(35) of Companies Act, 2013 defines the term as including any interim dividend. Dividend is basically the share of profit distributed among shareholders. Ordinary meaning of dividend is a share of profits, whether at a fixed rate or otherwise, allocated to holders of shares in a company. Dividend can be paid on Equity or preference shares both.
Realizing the importance of proper cost record and control, section 148(1) provides that Central Government can direct that particulars relating to the utilization of material or labour or to other item of cost as may be prescribed shall also be included in the books of account kept by that class of Companies.
For compliance under section 135 i.e. Corporate Social Responsibility, from which Financial Year CSR Expenditure & Reporting Begins? The constitution of CSR Committee, preparation of CSR Policy, the spending of amount on CSR activities needs to be during the financial year 2014-15.
Subsection 3 of Section 129 of Companies act, 2013 read with rule 5 & 6 of Companies (Account) Rules, 2014 talks about consolidation of Financial Statement of Company: Companies which have to consolidate its Financial Statement: Where a Company have one or more subsidiary (ies). Where a Company have Associate Company (ies).
CS Divesh Goyal INTRODUCTION: Section 159,160,161,162 & Schedule V deals with the Annual Return & related Provisions under Companies Act, 1956. But in Companies Act, 2013 all these Sections are combined together in one Section namely – 92. Annual return is a yearly statement, required to be filed by every company irrespective of their nature, […]
Checklist on Board’s Report under The Companies Act, 2013 Sr. No. Particulars/Disclosure Format, if any Provisions Applicability Small Private Public Select Public Listed 1 Extract of Annual Return (Extract of annual return relating to FY to which the Board’s Report relates shall be attached.) MGT 9 Sec 134 (3) (a) r/w rule 12 of Cos […]
How To Check The Financial Year-i. Check from the Annual Return/Directors’ Report of previous financial year. ii. Check the incorporation date and calculate to verify.
In this article Author has compiled Draft format of Director’s Report For Private Limited Company under Companies Act, 2013 which can be used for Financial Year 2015-16 and Subsequent Years.
After Completion of Two Year of Companies Act, 2013, Law has been settled down. Now it is the high time for the members to start work on Annual Return (MGT-7) and Director Report. Because there were many amendments in Rules, many circulars, notification came during the year 2015-16 which will affect the Annual filing of the Company.
Earlier a person can only be member of OPC or nominee of OPC. Earlier a person can’t be Nominee of a OPC and Member of a OPC.But after amendment rules a person can be Nominee in one OPC and member in one OPC simultaneously
