This guide outlines the requirements for financial statements under the Companies Act, 2013, and ICAI guidelines, including key components and compliance.
New MSME classification thresholds take effect on April 1, 2025, defining enterprises by investment and turnover limits for micro, small, and medium businesses.
Learn about OPC registration in India, its benefits, eligibility, incorporation steps, and how it compares with sole proprietorship and private limited companies.
Learn about class action suits under Companies Act, 2013—who can file, where to file, grounds for action, and the legal reliefs available to shareholders and depositors.
Understand the distinct roles of shareholders and directors under the Companies Act, 2013. Shareholders own the company, while directors manage its operations.
Learn about the various threshold limits under Companies Act, 2013. From small company criteria to filing annual returns, understand the regulations.
An individual forming the One Person Company (OPC) can be a resident of India or a non-resident. OPC is incorporated in a form of a company but have the benefits of a sole proprietorship. It has very less compliances, legal status, easy ways to get funds, easy incorporation, perpetual succession and many other benefits.
Some Important Amendments Relating To Companies Annual Filing And Extension Of Due Date For The Financial Year 2020-2021 The Ministry of Corporate Affairs (MCA) on Saturday vide General Circular no. 22/2021 dated: 29/12/2021, gave relaxation on levy of additional fees of e – forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 NON-XBRL AND MGT-7/MGT-7A for the […]
The concept of the Limited Liability Partnership (LLP) come to India in the year 2008. An LLP has the characteristics of both the partnership firm and company. It is the most preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization. LLPs […]
Form AOC 4 is for filing the company’s financial statement (WHETHER STANDALONE OR CONSOLIDATED) for every financial year with the Registrar of Companies. Financial statements are the written records that convey the business activities and the financial performance of a company. They are the source on the basis of which the Board of Directors and […]
