Section 185 explains Provisions under Company Law Related to Direct or Indirect Loan or Advances to Directors by Company. Loan or advances include loan represented by a book debt, to any of the directors or to any other person in whom the director is interested or give any guarantee or provide any security in connection […]
ALL ABOUT INTER-CORPORATE LOANS AND INVESTMENTS MADE BY THE COMPANY UNDER COMPANIES ACT, 2013 COMPANY > Gives Loan to any person > Investment in Body Corporate > Provides Security to any person > Provides Guarantee to any person – Important Note: – The word “person” does not include any individual who is in the employment of the […]
Telecommunications is one of the fastest growing industries in India that has undergone an innovative phase over the past few years and stands as the second largest telecommunications market in the world after China. It is due to liberalization policy that telecom sector could attract more FDI flows in private sector participation increased in total […]
Points to remember Issue should be authorized by Articles of Association of the Company. Only fully paid securities to be issued and the following securities can be issue under preferential allotment. Issuance of Equity shares. Issuance of Fully or partly convertible debentures Issuance of any other securities convertible into equity shares. The preferential issue can […]
The Construction/ Real Estate sector is one of the most critical sectors of the Indian economy due to its huge multiplier effect on the economy. Any impact on the Real Estate sector has a direct bearing on economic growth. Due to the well-acknowledged need for foreign investments into this sector because of the sheer demand, […]
Article contains Compliance chart for Incorporation and other related compliances for wholly owned and other subsidiary Companies in India. It further explains provisions related to Directorship in Subsidiary or Wholly Owned Subsidiary Company, Mandatory Declaration to be filed under Section 89 of the Companies Act, 2013 in case of Wholly Owned Subsidiary Company and Compliances […]
The retail sector in India is one of the biggest contributors to the economy in terms of revenue and contributes about 10% towards its GDP. It provides the second highest rate of employment after agriculture. The retail sales in India are growing at a compounded annual rate of 15% since the year 2014.
Article explains Post Incorporation Compliances For Private Limited Companies which includes Compliances under Companies Act, 2013, Compliances under GST Law, Compliances under FEMA, RBI/FDI Reporting and Compliances with DGFT (Director General of Foreign Trade). Part I: Compliances under Companies Act, 2013 ♠ Hold first Board Meeting of the Company within 30 days from the date […]
Certain advantages for conversion of loan into equity share capital of the Company: No cash exchange occurs in the debt-to-equity swap. Increasing cash flow by decreasing liabilities. Avoidance to paucity of financial resources. Process chart for Conversion of Loan into Equity shares Section 62 (3) of Companies Act, 2013 Phase 1: Important Note: It is […]
What is GST Audit? Audit is examination of records, returns and other documents maintained or furnished by the registered person under GST Law or any other law. The examination is to verify the correctness of: Turnover declared; Taxes paid; Refund claimed; and Input tax credit availed; And to assess his compliance with the provisions of […]
