Restrictions on Powers of Board to Borrow Money as per Section 180 of Companies Act Along with Ultra Virus Borrowings. RESTRICTIONS ON POWERS OF BOARD As per the provisions of section 180 of the companies act provides the rules regarding the restriction on power to borrow by the board of directors. The Board of Directors […]
A Nidhi to be incorporated under the Act shall be a Public Company and shall have a minimum paid up equity share capital of five lakh rupees. After the commencement of the Act, no Nidhi shall issue preference shares. If preference shares had been issued by a Nidhi before the commencement of this Act, such […]
A person is registered or is liable to be registered under the law would be a taxable person in GST. A person would be liable to be registered under the law under two categories: a) Person liable to be registered mandatorily. b) Person liable to be registered provided aggregate turnover of supply of goods or services […]
Q.What are the different types of Assessment under GST? Ans: Under GST, the term “assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment. Normally, persons having GST registration file GST returns and pay GST every month based on self-assessment of GST liability. However, the Government […]
1. MSME FORM IS REQUIRED TO BE FILLED BY FOLLOWING COMPANIES:- 1. Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019, all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from […]
1. Form DPT-3 is exempted for Government Companies and NBFC Companies. 2. NIL RETURN IS ALSO COMPULSORY 3. Audit of Financials for FY 2018-19 is not compulsory for filing Form DPT-3 4. As per Rule 16 Figures filled in Form DPT-3 should be audited one for that Auditor Certificate may be obtained 5. Difference between […]
MAIN OBJECTS OF NIDHI COMPANY 1- To carry on the business of all kinds and description as may permitted to be carried as Nidhi companies it terms of the provisions of the Companies Act, 2013 and rules made there under and to encourage, afford all facilities for cultivating thrift, savings or money from its members […]
Limited Liability Partnership may be wound up in the following ways: 1. Voluntary Winding up 2. Insolvency and Bankruptcy Code (IBC), 2016: Though this code pro- vides steps for restructuring and revival of Corporate Debtor (LLP) yet under certain circumstances NCLT can pass order for liquidation of LLP. Therefore, it is included under the modes […]
Every Company, while carrying out its business activities, has to comply with the prescribed rules and regulations relating to the Companies Act, Securities laws, FEMA, Industry Specific laws and General and should also pursue the good governance practice Secretarial Audit covers non-financial aspects of the business having impact on the efficient performance of the company […]
Frequently Asked Questions Creation of Entity And User Master With RBI For Foreign Investment In Indian Companies Q.1 Which Company Can Be Considered As Entity As Per RBI Norms? A company within the meaning of section 1(4) of the Companies Act, 2013 A Limited Liability Partnership (LLP) registered under the Limited Liability Partnership Act, 2008 […]
