To achieve a specific predetermined goal, the person should have a sound plan in his mind. A plan may be called a step/process towards achieving an Objective or dream to be fulfilled over a period of time. Proper planning is a prerequisite. Well planned Goal mean half achievement of goal. This article deals with Financial […]
The recent Outbreak of COVID 2019, a Pandemic in a sort has affected Human beings on the Earth in a Shock beyond repair. Human Life never before in the history of mankind has seen such a worst phase of his life in the Year 2019 and is still continues in 2020 and only GOD knows […]
The Ministry of Corporate Affairs has introduced E-Form MGT 7 (Pursuant to sub-Section(1) of section 92 of the Companies Act, 2013 and sub-rule (1) of rule 11 of the Companies (Management and Administration) Rules, 2014]. Earlier the said form was known as Form 20B. Both Forms are meant for Annual Return to be filed by […]
Under the erstwhile Companies Act, 1956, a Private Limited Company could start its business immediately upon receipt of a Certificate of Incorporation from the concerned Registrar of Companies. However Public Companies were required to obtain a Business Commencement Certificate before commencement of business pursuant to Section 149 of the erstwhile Companies Act, 1956. The said […]
UDIN (Unique Document Identification Number): A Blessing in Disguise for Professionals UDIN : What is Unique in Unique Document Identification Number ? The Concept of UDIN is a very much awaited decision and a welcome step towards better transparency in Certification of documents by various Professionals including Practising Chartered Accountants, Practising Company Secretaries and Practising […]
Change is the Law of Life and those who look only to past or present are certain to miss the future: John F. Kennedy. In the Modern era of technological developments, Innovations and Inventions by a man through his Human Intelligence created new machines, computers and other technological development to improve his standard of living […]
Recently, Ministry of Corporate Affairs has introduced MSME FORM I pursuant to Order 2 & 3 dated 22 January, 2019 issued under Section 405 of the Companies Act, 2013 for furnishing Initial and Half Yearly return with the Registrar of Companies with respect to outstanding payments to Micro or Small enterprises. The intention of introducing […]
In continuance of steps towards better corporate Governance, various measures have been initiated by Government from time to time. One of such measure was DIR 3 KYC (KYC of Directors) recently. Now a Multipurpose Form INC 22A (Pursuant to Rule 25A of The Companies (Incorporation Rules) 2014 has been introduced by Ministry of Corporate Affairs. […]
Most of the Stakeholders have complied with DIR 3 KYC Guidelines and some of the Stakeholders are in the process of uploading the form. Most of the Stakeholders successfully uploaded form . However various Practical difficulties must have been faced by some of them.
Various Sections of the Companies Act, 2013 and rules made thereunder have undergone a sea change. Company Directors and Company Secretaries and Chartered Accountants need to understand Basic Provisions of the Companies Act, 2013 and future effects of changes in Law on the functioning of Companies which need to be considered while implementing Company Law Planning :
