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Chhota Cfo

Latest Posts by Chhota Cfo

Differences: ESOP and Sweat Equity Shares

August 8, 2021 10530 Views 2 comments Print

Employees Stock Option Scheme (ESOP) and Sweat Equity Shares are two methods of issuing shares by a company to its employees and also can increase the share capital of the Company. Both ESOP and Sweat Equity Shares are issued as per the provisions of the Companies Act, 2013 and Companies (Share Capital and Debentures) Rules, […]

E-form DPT-3-Exempted Deposits

June 11, 2021 26910 Views 1 comment Print

Introduction The companies always plan and carry the financial transactions in many ways and accordingly availed the deposits, loans and advances from directors, Shareholders or various public Financial Instituitons. MCA has introduced the E-form DPT-3 with an intention to report the complete details of Exempted Deposits i.e, Loans or advances taken by the company from […]

Employees Stock Option Plan (‘ESOP’)

June 9, 2021 13920 Views 2 comments Print

Brief outline: The ESOP refers to ‘a plan’ for the benefit of the Employees of a Company, who make the Companies operational, profit centres and socially-economically enormous, this is not limited to big known companies but is also common with the small companies; newly incorporated companies. This plan has become famous and appreciated over the […]

Procedure For Incorporating Foreign Subsidiary In India

February 4, 2021 3990 Views 0 comment Print

At present most of the Companies or foreign nationals are very much interested to expand their business in India for exploring Indian market and to promote parent company’s business activities. India would be the right platform for carrying business and explore trade opportunities as Indian Market provides a very sustainable environment for any type of […]

Details, Benefits and Procedure for Conversion of Private Company into Public Company

May 15, 2020 7674 Views 1 comment Print

Section 18 of Companies Act, 2013 deals with conversion of existing Company from form to another by alteration of Memorandum and Articles of the Company. The conversion process of the Company under this section shall not affect any debts, liabilities, obligations or contracts incurred or entered into by or on behalf of the Company before […]

Acceptance of Deposits under Companies Act, 2013 & Rules

May 11, 2020 15186 Views 1 comment Print

Deposits by the Private Companies and Public Companies are governed by Section 73 and 76 of the Companies Act, 2013 and Companies (Acceptance of Deposits) Rules, 2014. Article explains who can be Depositor, Meaning of Deposits, Companies not falling governed by Companies (Acceptance of Deposits) Rules, 2014, Items not considered as deposits as per rule […]

All about Memorandum of Association (MOA) under Companies Act, 2013

April 20, 2020 32421 Views 2 comments Print

Introduction The formation of a company takes place when a number of people come together for achieving a specific purpose. This purpose is usually commercial in nature. To incorporate a company, an application has to be filed. This application is required to be submitted with a number of documents to CRC (Central Registration Centre). One […]

All about Articles of Association (AOA) under Companies Act, 2013

April 14, 2020 115551 Views 2 comments Print

Article explains What is Article of Association (AOA), Why a  company need Articles of Association, Features of Articles of Association, Provisions for Entrenchment, Who can enforce Articles of Association, Do Articles of Association override the Companies Act, Form of Article, Contents  of AOA, Where do you find Articles of Association and Signing of AOA. Sl. […]

File E-Form DIR-3 KYC without additional fees

April 10, 2020 10686 Views 3 comments Print

Penalty of Rs. 5000/- WAIVED OFF FILE YOUR KYC IMMEDIATELY AT NO FEE. File E-Form DIR-3 KYC or Web based DIR-3 KYC without additional fees till 30th September 2020 under ‘COMPANIES FRESH START SCHEME- 2020‘ (CFSS – 2020). SL. NO. PARTICULARS DETAILS 1. What is DIN? DIN is Director Identification Number – a unique 8 […]

Revised LLP Settlement Scheme 2020–7 Key Take-Aways

April 7, 2020 1338 Views 0 comment Print

Ministry of Corporate Affairs (MCA), regulatory body of corporate sector in India, vide its General Circular No 06/2020 dated March 04, 2020 and further modified vide General Circular No. 13/2020 dated 30th March, 2020, launched a one-time settlement scheme for the LLPs to grant one time immunity from additional fees and prosecution against the defaulting LLPs.  […]

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