MCA exempts CA, CMA, CS & Advocate having 10 years’ experience from Online Proficiency Self-Assessment Test for becoming Independent Director by notifying Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 vide Notification No. G.S.R. 579(E) dated 19th August, 2021. MCA vide its Notification dated 19th August 2021 has issued the Companies (Appointment and Qualification […]
Independent Directors – Online Proficiency Self-Assessment Test Introduction Independent Directors play an important role of a watchdog. They ensure that the cases of corporate misgovernance do not occur. Independent Directors or Non-Executive Directors join the board of directors in different capacities. They come from different backgrounds and have diverse skill sets. There is also an […]
Stamp Duty on MOA Stamp duty shall be Rs. 1000 on every Rs.5 Lakhs of amount of increase in authorised capital or part thereof subject to a maximum of Rs. 50 Lakhs of stamp duty. It means addition in the authorised capital will be charged with the stamp duty @ 0.20% Increase in Authorised Capital […]
The Registrar of Companies (ROC) vide its order dated 8th September, 2020 extended the time for holding Annual General Meeting (AGM) of the companies by a period of 3 months from the due date by which the AGM ought to have been held for the financial year ended 31st March, 2020 i.e. 30th September, 2020. […]
FOR RESIDENT SHAREHOLDERS: When valid PAN is available in the records of the Company: Tax deduction rate on Dividend – 7.5%# When valid PAN is not available in the records of the Company: Tax deduction rate on Deividend- 20% #The tax rate has been reduced from 10% to 7.5% with effect from 14 May 2020 […]
Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. As per the MCA Circular No. General Circular No. 23/2020 dated 17th June, 2020, the Central Government in exercise of its powers under Section 460 read with Section 403 of the Act and the Companies (Registration Offices […]
