Related party Transactions (RPT) in the Companies Act, 2013 is a subject of great importance. This gains further importance in the case of Listed Companies, wherein the Regulation 23 of SEBI (LODR) further lays down the compliance requirement for RPTs. While preparing the Audit Report under CARO, 2016 and verifying the disclosures in the ...

This Standard prescribes a set of principles for convening and conducting Meetings of the Board of Directors. This Standard is applicable to the Meetings of Board of Directors of all companies incorporated under the Act except One Person Company (OPC) in which there is only one Director on its Board and a company licensed under […]...

Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Here is a list of compliances for the Private Company: Sr. No. Particulars Due Dates/Status 1. Company Name Board Every Company shall paint or affix its name, and [&he...

A cost audit represents the verification of cost accounts and checking on the adherence to cost accounting plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plans, procedures and objectives. A cost audit comprises the following; -Verificatio...

Hello auditors! As the romantic rainy season is over and rosy winter season stepping in closer day by day, the festival season is all over upon us. While this is the general atmosphere for all of us, you, the company auditors have the audit season before you in full swing, thoroughly busy, and except for […]...

> Effective Date on which the Companies (Amendment) Act 2020 came into force: Date on which “The Companies (Amendment) Act, 2020” published in the Gazette is 28.09.2020. However effective dates of various provisions are yet to be notified, which may be different for different provisions of the Amendment Act > Objectives/...

Introduction Mauritius, known officially as the Republic of Mauritius, is a small island nation situated in the Indian Ocean having approximately 800 km off the East Coast of Madagascar. Mauritius is considered to be one of the few countries which have a hybrid legal system which is based on English and French law. The country is [&helli...

Looking around statutory prescription involved in acquiring assets of a striked off company Acquiring units/undertakings/assets of a defunct or striked off company, can be economically viable for any person who is interested in expanding within a particular venture or entering into a new venture. But a certain level of forethought, might ...

This brief article is aimed at addressing an oft cited query in the professional circles regarding the interpretation of the Companies Act, 2013 (‘the Act’) about whether there is a need and requirement of treating directors’ remuneration as a Related Party Transaction (‘RPT’). The Act, in Section 188, Chapter XII Meetings of Bo...

Companies Act, 2013: Capitalization of Profits’ denotes the process of conversion of accumulated profits or reserves of a company into capital by means of a share issue. This share issue is called as bonus issue, capitalization or free issue. It involves the issue of new shares to existing shareholders by converting the accumulated ...