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Govil Rathi

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Applicability of Cash Flow Statement, CARO (2016 & 2020) & Internal Financial Control

January 5, 2021 539709 Views 2 comments Print

Applicability of Cash Flow Statement: – According to Section 2(40) of Companies Act, 2013, The Financial statements of a company include Cash Flow Statement. Cash Flow Statement is governed by The Companies (Accounting Standards) Rules, 2006 (AS 3) and The Companies (Indian Accounting Standards) Rules, 2015 (Ind AS 7), as applicable. The following companies are […]

Incorporation of private limited company through spice

November 7, 2020 7575 Views 0 comment Print

Introduction: – According to section 2(68) of Companies Act, 2013, Private Company means ‘A company having a minimum paid-up share capital as may be prescribed, and which by its articles, i. restricts the right to transfer its shares; ii. except in case of One Person Company, limits the number of its members to two hundred […]

Governance functionaries other than directors & statutory auditor

August 8, 2020 1377 Views 0 comment Print

Directors are appointed since incorporation of company for the management of business and statutory auditor for auditing company’s books of accounts. But as the company grows based upon their turnover, paid up capital, outstanding loans or borrowings, outstanding deposits as well as based upon various specified criteria and for compliance of corporate governance. Specified companies […]

Incorporation of Section 8 Company (With Charitable Objects)

July 14, 2020 11055 Views 2 comments Print

Introduction:- According to section 8(1) of Companies Act, 2013, Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company (a) has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, […]

Change in Eligibility Criteria for Listing on BSE SME Platform

May 29, 2020 2226 Views 0 comment Print

ombay Stock Exchange Limited (BSE LTD.) issued a notice numbered 2020/05/22-21 dated 22nd May, 2020 regarding relaxation given to Companies for listing on its SME platform.

MCA Compliance Calendar for Year 2020-21 for Companies & LLP

May 8, 2020 68142 Views 1 comment Print

MCA Compliance Calendar for the Year 2020-2021 For Private Limited Companies, Public Limited Companies & For Limited Liability Partnerships (LLPs) containing  charts for Half Yearly Compliances of Private & Public Limited Companies, Yearly Compliances of Private & Public Limited Companies, Compliances to Newly Incorporated Companies and Chart for Yearly Compliances For Limited Liability Partnerships. ♦ […]

CFSS 2020- Opportunity For defaulting Companies

April 5, 2020 6975 Views 4 comments Print

Companies Fresh Start Scheme 2020| Unique Window Of Opportunity For Defaulting Companies Upon the COVID-19 outbreak which has shaken the entire world Ministry of Corporate affairs has given light to the ‘Defaulting Companies’ to combat with economic disruptions and also to make a fresh start on a clean slate, In furtherance to its General Circular […]

Revised LLP Settlement Scheme-2020

April 4, 2020 19431 Views 1 comment Print

If the Defaulting LLP doesn’t take benefit of LLP Settlement Scheme – 2020, then the said LLPs have to file forms with additional fees as per Section 69 of Limited Liability Partnership Act, 2008 i.e. ₹ 100/- for each day of such delay in addition to any fee as is payable OR Registrar may Initiate Prosecution against Defaulting LLPs.

LLP Settlement Scheme 2020 for Defaulting LLPs

March 5, 2020 10155 Views 0 comment Print

LLP settlement scheme-2020- Defaulting LLPs Can Breathe A Sigh Of Relief!!!! Ministry of Corporate affairs vide its General Circular No. 6/2020‘ dated 04th March, 2020 notified ‘LLP settlement Scheme, 2020′. Article explains LLP Settlement Scheme-2020 in a Nutshell with FAQs. > LLP Settlement Scheme-2020 in a Nutshell: Legal provision: The Central Government in exercise of its […]

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June 2024