Company Law - Non-compliance pointed out in the Annual Reports of various companies related to (AS) Accounting standards used in the preparation and presentation of financial statements. AS -3 CASH FLOW STATEMENT 1. Cash flows arising from transactions in a foreign currency should be recorded in reporting currency by applying to the foreign currency am...
Read MoreCompany Law - In this Article author shall discuss a very common point of Companies Act, 2013 that is in relation to Calculation of Due Date of Annual Forms. The question are followings: 1. Whether Date of AGM shall be include/ excluding while calculating the Due Date of e-form? 2. What is the Due Date of AOC-4, MGT-7, […]...
Read MoreCompany Law - Annual filing is basically the filing of company’s accounts and annual performance details to the Registrar of companies in the specified format. As a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file the following e-Forms with the Registrar of Companies (ROC): Applica...
Read MoreCompany Law - Misconceptions Regarding Filing of Annual Return and Applicability to Prepare Extract of Annual Returns. Annual Return is a significant document for all the Stakeholders of the Company as it provides in a nutshell, very comprehensive information about various aspects of the Company. While the Financial Statement gives information about th...
Read MoreCompany Law - Every company needs to file an annual return of the company with the registrar of companies (ROC). The annual return contains all the information related to the shareholders, directors, debenture holders, and shareholding pattern as of the last day of the financial year. Every company incorporated under the Companies Act, 2013 or any othe...
Read MoreCompany Law - ICSI has made a representation to Ministry of Corporate Affairs and requested for extension of due dates of Companies Fresh Start Scheme, 2020 (CFSS- 2020), LLP Settlement Scheme, 2020, Scheme for relaxation of time for filing forms related to creation or modification of charges under the Act, Holding Board Meeting through Video Conferenc...
Read MoreCompany Law - We wish to submit that the provision of Section 137(1) of the Companies Act, 2013 requiring filing of financial statement within thirty days of the date of annual general meeting may be considered for amendment by prescribing a period of sixty days for such filing, aligning it with the date of filing of annual return....
Read MoreCompany Law - It is once again requested that a general extension for the date of conducting AGMs may be allowed so as to provide relief to all the companies and stakeholders The MCA may also consider filing of e-Form GNL -1 for seeking extension of time in holding of AGM through STP mode, so as to speed up the approvals....
Read MoreCompany Law - However, several companies have not submitted their annual report/return, audited report, balance sheet and details of profit/loss. As per data generated from MCA 21 System, following are the details of companies who have not filed their Balance Sheets and Annual Returns:- ...
Read MoreCompany Law - The Corporate Affairs Ministry said on Monday that around 30 per cent of the 80,000 public limited companies are not filing their annual returns.The Ministry has asked the Registrar of Companies (RoC) not to strike off the names of companies by classifying them as defunct, even if they have not filed their annual returns for three years. ...
Read MoreSub Registrar Dhansura Vs Director of Income Tax (ITAT Ahmedabad) - Sub Registrar Dhansura Vs DIT (ITAT Ahmedabad) Appellant is a Govt. servant and ld. AR stated that they have assigned job to submit AIR to some outsources agency and sometime staff of the outsources agency become careless. In these case, appellant is a newly incumbent with the office and was not awa...
Read MoreOrder No. Ref: ROCCBL/ADJ/92&137/018957/2022 - (13/01/2023) - MCA imposes total penalty of Rs. 16,61,000 on ‘Infonic India Financial Services Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 201...
Read MoreRef: ROCCBE/ADJ/92&137/001929/2022 - (12/01/2023) - MCA imposes total penalty of Rs. 8,33,600 on ‘Best Hosiery Processing Private Limited‘ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2018-19, 2019-2020 & 2020-2...
Read MoreOrder No. Ref: ROCCBE/AUT/928z137/028631/2022 - (12/01/2023) - MCA imposes total penalty of Rs. 16,60,200 on ‘Boaats Corporate Solutions Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-202...
Read MoreRef: ROCCBE/ADJ/92&137/029833/2022 - (12/01/2023) - MCA imposes total penalty of Rs. 28,60,200 on ‘Bootmacro Informatics Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 &...
Read MoreOrder No. Ref: R.00CBE/ADJ/92&137/029105/2022 - (12/01/2023) - MCA imposes total penalty of Rs. 17,60,200 on ‘Fern Education Overseas Study Private Limited’ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017‑18, 2018-19, 2019...
Read MoreOrder No. Ref: ROCCBL/ADJ/92&137/018957/2022 - 13/01/2023
Ref: ROCCBE/ADJ/92&137/001929/2022 - 12/01/2023
Order No. Ref: ROCCBE/AUT/928z137/028631/2022 - 12/01/2023
Ref: ROCCBE/ADJ/92&137/029833/2022 - 12/01/2023
Order No. Ref: R.00CBE/ADJ/92&137/029105/2022 - 12/01/2023
Ref: ROCCBE/ADJ/92&137/028558/2022 - 12/01/2023
Ref: ROCCBE/ADJ/92&137/009651/2022 - 12/01/2023
Ref: ROCCBE/ADJ/92&137/004398/2022 - 12/01/2023
Ref: ROCCBE/ADJ/92&137/015043/2022 - 12/01/2023
Ref: ROCCBE/ADJ/92&137/028878/2022 - 12/01/2023