MCA has made available Form PAS-6 for filing as e-Form w.e.f 15th July 2020. It is a form for Reconciliation of Share Capital Audit Report (Half Yearly). Laws governing the e-form: Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 This rule deals with Issue of securities in dematerialised form by unlisted public […]
Key Managerial Personnel (KMP) refers to the employees of a company who are vested with the most important roles and responsibilities. They are in-charge of maintaining the operations of the company. Section 203 of The Companies Act, 2013 deals with provisions relating to appointment of key managerial personnel (KMP). Applicability: Section 203(1) of Companies Act, […]
Corporate Social Responsibility (CSR) | Section 135 of The Companies Act,2013 | The Companies (Corporate Social Responsibility Policy) Rules, 2014 Corporate Social Responsibility (CSR) aims to contribute to the well being of the society in which an entity operates. CSR can also be considered as corporate ethic strategy that helps the Company to improve its […]
Insider trading is trading in the securities of a company by persons who are in the management of the company or those who are connected to them on the basis of knowledge of an Unpublished Price Sensitive Information (UPSI) which is not available to the general public. Insider trading, based on UPSI, is illegal and […]
Employee Provident Fund (EPF) refers to the scheme which provides monetary benefits to the salaried class people upon retirement. It is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF & MP Act 1952). The Act extends to the whole of India except the State of Jammu and Kashmir. It is applicable […]
Secretarial Standards are the Standards issued by Institute of Company Secretaries of India which was constituted under Section 3 of the Company Secretaries Act, 1980. Till date two secretarial standards are being approved by the government of India which are :-
This act came into force on 9 December 2013. The history of this lies back to Vishakha case. In 1997 a female worker, named Vishakha was harassed at workplace which led to formulation of Vishakha guidelines. This act was formulated to supersede Vishakha guidelines. This act provides with provisions for sexual harassment of women at […]
Micro, Small and Medium Enterprises (MSME) is one of the most distressed sector during Covid-19. It employs a huge number of people and contributes to around 30% of Indian GDP. There are severe supply chain disruptions especially in the businesses that provide essential services. It is difficult for them to continue paying workers during the […]
