"Managing Partner at M/s DSV and Associates a practicing company secretary firm having it office at Pimpri, Pune. DSV and Associates is one of the prominent Practicing Company Secretary firm in Pimpri Chinchwad area."
The revised part of Form DPT-3 mainly deals with Deposit accepted from Public. One significant change in respect of exempted deposits has also been made in the Form.
Has not filed financial statements or annual returns for any continuous period of three financial years; or Has failed to repay the deposits accepted by it or pay interest thereon or to redeem any debentures on the due date or pay interest due thereon or pay any dividend declared and such failure to pay or redeem continues for one year or more,
Cash flow statement is not mandatory for private limited companies which are start –up companies. Thus, Cash flow statement will not be required for One person Company, Small Company, Dormant Company and Private limited Company (if such Company is start-up company)
The word compounding is not defined anywhere in the Act. As per the Black’s Law Dictionary, Compound means to settle a matter by a money payment, in lieu of other liability. The Oxford Dictionary defines the word Compound as Settle (a debt or other matter) in exchange for money or other consideration
The Companies Act, 2013 widened the scope of related party transaction. Companies Act, 1956 covered only purchase or sale of goods or supply of services and subscription of any shares or debentures of the company under the related party transaction. However, Companies Act, 2013 has brought immovable properties and leasing of property also under the ambit of related party transaction.
As per section 23 of the Companies Act, 2013 a private company may issue securities- i. by way of rights issue or bonus issue or ii. through private placement -In case of private company either it can issue shares to its existing shareholders by way of rights issue or by way of giving them bonus shares or it can issue securities through private placements.
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