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Compliances of Nidhi Company

May 20, 2019 48798 Views 2 comments Print

As per the provisions of the section 406(1) of the Companies Act, 2013, ‘Nidhi Company’ means a ‘company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit’. After being incorporated […]

Procedure to File Form MSME I

May 10, 2019 24972 Views 8 comments Print

Form MSME I is required to be filed pursuant to notification from Ministry of Corporate Affairs dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013. Accordingly, all companies, who get supplies of goods or services from micro and small enterprises and whose payments dues to such micro and small enterprise suppliers […]

Compliances of LLP

May 8, 2019 15111 Views 0 comment Print

Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013 as it is a form of business entity, which allows individual partners to be free from the concept of joint liability of partners in a partnership firm. Now, as the government is increasing the compliances and disclosures for a Company […]

Procedure to file onetime Form DPT-3

May 6, 2019 77019 Views 13 comments Print

The Ministry of Corporate Affairs vide its notification dated 22.01.2019 bought a very important change w.r.t. mandatory furnishing of information regarding outstanding receipt of loan or money by every Company other than Government Company. Accordingly, sub-rule (3) was inserted after sub-rule (2) in Rule 16A of the Companies (Acceptance of Deposits) Rules, 2014 which reads […]

ESOP (Employee Stock Option Plan)

April 22, 2019 39468 Views 2 comments Print

In a layman’s language, Employee Stock Option Plan (ESOP) is an option given as a right and not an obligation to the employees of the Company to purchase the Company’s shares at a fixed price during a specified period of time. We can say that ESOP drives benefit to the both the Company and the […]

Dormant Company | Section 455 | Companies Act, 2013

April 22, 2019 9870 Views 1 comment Print

As per English dictionary, the word ‘Dormant’ has various meanings such as alive but not actively growing or temporarily inactive. Status of Company as a Dormant Company also implies the same meaning under the provisions of the Companies Act, 2013 which provides some relief to the Companies regarding compliances to be followed as comparison to […]

Incorporation of One Person Company (OPC)

April 2, 2019 44193 Views 1 comment Print

The One Person Company (OPC) is a newly incorporated type of company that was introduced in the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. There can be only one, natural person resident of India who can […]

Compliance Calendar for Companies till June 2019

March 25, 2019 5367 Views 1 comment Print

There were various amendments and notifications in the Companies Act, 2013 in the past six months.  The most important thing about these notifications is that they require immediate compliance or disclosure on the part of Companies within a specified due date. In this write up, we shall discuss preliminary about the recent important notifications in […]

Issuance of Preference Shares

March 21, 2019 31140 Views 1 comment Print

As per Section 43 of the Companies Act, 2013 Preference Share Capital, with reference to any company limited by shares, means that part of the issued share capital of the company which carries or would carry a preferential right with respect to: (a) payment of dividend, either as a fixed amount or an amount calculated […]

Shifting of Company Registered Office

March 13, 2019 28314 Views 4 comments Print

In accordance with Section 12 of the Companies Act, 2013, a Company shall have its registered office within a period of 30 days capable of receiving an acknowledging all communications and notices as may be addressed to it. It might happen that the Company intends to shift its registered office and accordingly, we shall discuss […]

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