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Latest Posts by Kashif

What is “Commencement of Business” under Companies Act, 2013?

January 29, 2019 114783 Views 1 comment Print

What is “Commencement of Business” It is a Declaration to be issued by the directors within 180 days of incorporation of company stating that the subscribers to the Memorandum of the company has paid the value of shares so agreed by them, along with a verification of registered office address of the company.  This declaration […]

Compulsory Dematerialization of Shares of Unlisted Public Company

October 14, 2018 44829 Views 0 comment Print

The ministry of corporate affairs has vide its notification dated 10th September 2018 has amended the “the Companies (Prospectus and Allotment of Securities) Rules, 2014,  by inserting a new rue 9A after existing rule 9. This amendment is applicable from 2nd October 2018. This new rule talks about compulsory dematerialization of shares of all public companies. […]

What is Form DIR-3-KYC?

July 9, 2018 37842 Views 10 comments Print

DIR-3-KYC is a new E-form to be launched shortly by the Ministry of Corporate Affairs.  This form will be used to update KYC of all directors.  As per rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014 AS inserted by Companies (Appointment and Qualification of Directors) fourth Amendment Rules, 2018 applicable w.e.f. 10th […]

Sections amended by Companies Amendment Act 2017 impacting IBC Code

January 9, 2018 4239 Views 0 comment Print

Section 53 of the Companies Act, 2013 prohibited issuance of shares at a discount. The Companies Amendment Act 2017 now allows companies to issue shares at a discount to its creditors when its debt is converted into shares in pursuance of any statutory resolution plan such as resolution plan under the Code or debt restructuring scheme.

Companies Amendment Act, 2017: Amendment in definitions

January 5, 2018 40245 Views 0 comment Print

This the first article on Companies Amendment Act, 2017 in which we will share the details of amendment made in section 2 i.e. definition under the Act.

Condonation of delay scheme, 2018: Process, Documents & Impact

January 3, 2018 5793 Views 1 comment Print

ondonation of Delay Scheme 2018 is available for: Companies whose status is Active on MCA Portal. Condonation of Delay Scheme 2018 Scheme is not available for: Companies who are struck off or whose ame has been removed from the ROC u/s 285(5)

Have you filed GSTR-3B? (FAQ on GSTR 3B)

August 20, 2017 12228 Views 6 comments Print

What is form GSTR-3B? Form GSTR-3B is a simple E-form introduced by the CBEC for the month of July and August. In GSTR-3B we don’t have to provide invoice level information, only total consolidated values for each supply have to be provided.

Procedure to file application for Voluntary Striking Off Name of Companies U/S 248(2)

April 6, 2017 11577 Views 2 comments Print

The quickest way to close the non operational company is through a process called Fast Track Exit (FTE). Companies Act 2013 has a separate chapter on this subject i.e Chapter XVIII, containing section 248 to 252. These sections were came into effect from 26th December 2016.

BIG Relief to Private Companies

June 8, 2015 6410 Views 0 comment Print

The Ministry of Corporate Affairs has relaxed norms for private companies including those pertaining to related party transactions, acceptance of deposits and auditor appointments. The Ministry has issued much awaited notification on 5th June 2015 providing exemptions to private companies.

Secretarial Audit under Companies Act, 2013

February 28, 2015 486917 Views 23 comments Print

‘Secretarial Audit’ has introduced by recently enacted Companies Act, 2013. It is compliance audit, by independent practicing company secretary. The purpose is to detect the non-compliances by companies under Companies Act 2013 and other allied corporate Laws as applicable to the companies.

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