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Mohit Saluja

Latest Posts by Mohit Saluja

Directorship In Indian Companies By “Persons Resident Outside India”

January 9, 2023 10104 Views 1 comment Print

Learn about the procedures and documents required for Persons Resident Outside India, including foreign nationals, Persons of Indian Origin (PIO), and Non-Resident Indians (NRI), to obtain Director Identification Number (DIN) for directorship in Indian companies. Understand the unique documentation needs based on residency status and get insights into the notarization and apostille requirements for identity and address proofs. Stay compliant with the Companies Act, 2013, and the Companies (Appointment and Qualifications of Directors) Rules, 2014, for director appointments in India.

Extension of Due Date of AGM for holding of AGM in 2021

September 12, 2021 102270 Views 4 comments Print

EXTENSION OF DUE DATE FOR HOLDING OF ANNUAL GENERAL MEETING (AGM 2021) Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual […]

Requirement of CSR-1 Form by NGOs/Societies/Trust to avail Corporate Funding

May 29, 2021 17985 Views 0 comment Print

In this article, we shall be discussing that what is the CSR-1 Form and what documents are required to be attached along with these form and what are the pre-requirements for the NGOs/ Trusts and Section 8 companies for filing of the CSR-1 Form E Form CSR-1 After the publication of the Notification by Ministry of […]

LEI: Legal Entity Identifier Code and its necessities

May 2, 2021 10056 Views 3 comments Print

Legal entity identifier (LEI) code is a unique identification code which is being issued to the entities which trade in financial markets. These Financial Markets may be stocks, bonds, futures, forex, etc. The transactions or the deals conducted in the markets by one entity will have connected to another entity by an LEI code. LEI codes are generally used for regulators to oversee financial markets. LEI help to connect the financial markets, companies and the regulators.

Small Companies Under Companies Act 2013: Its Benefits/ Privileges

April 2, 2021 19077 Views 1 comment Print

In The Union Budget 2021, the Finance Minister Nirmala Sitharaman had proposed a major change in companies Act, which is related with Status of Small companies, which is being determined by its capital and turnover. Hence, in the budget, the limits of paid up capital and turnover had been raised from the existing, ruining lakhs […]

PAS-6 Mandating conversion of Shares from Physical to DEMAT

July 27, 2020 12186 Views 1 comment Print

Introduction of Pas-6 in Filing: Mandating the Convesrion of Shares from Physical to Demat As per MCA Circular dated September 10, 2018, MCA amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 by inserting Section 9A: Issue of securities in dematerialised form by unlisted public companies after Rule 9. Applicability: This rule shall be […]

Has dates been extended for filing various e-forms with ROC in FY 2020-21

July 4, 2020 24165 Views 0 comment Print

Article explains Due dates of different e forms under the companies act, 2013, Whether there is extension of due dates of filing form with ROC, What Relief Government has given to Corporate related to Date of Filing ROC forms  amid COVID-19  and Consequences of not extension of the Due Dates of ROC Forms. Before discussing […]

Procedure to obtain Full Fledged Money Changer Licence

April 18, 2020 4173 Views 2 comments Print

Procedure and documentation for obtaining Licence of Full Fledged Money Changer (FFMC) FFMC i.e. Full Fledge Money Changer is a business under which a concern use to change the particular currency of one country into the currency of another country. This is mainly helpful in cases of tourism where the resident individuals when intend to […]

Due Diligence Reports For Banks

April 16, 2020 136449 Views 1 comment Print

What is Due Diligence: Due diligence is a process of research and analysis that is initiated before an acquisition, investment, business partnership or bank loan, in order to determine the value of the subject of the due diligence or whether there are any major issues involved. Such findings are then summarized in a report which […]

Foreign Direct Investment (FDI) in Proprietorship/ Partnership Firms

April 15, 2020 23655 Views 8 comments Print

For a country where capital is not readily available, Foreign Direct Investment (FDI) has been an important source of funds for companies. Under FDI, overseas money, either by an individual or entity, is invested in an Indian company. Moreover, FDI in India is now a boom since the Government of India has opened up the […]

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July 2024