Company Law : The clarification confirms that Small Companies remain exempt from Rule 9A even after obtaining an ISIN. Compliance obligations ar...
Company Law : The amendment changes KYC filing from annual to a three-year cycle. It clarifies timelines and reduces compliance burden while mai...
Company Law : The Bill focuses on easing compliance and decriminalising minor offences. It introduces streamlined procedures and enhanced govern...
Company Law : The article clarifies that companies are not required to complete annual filings for years in which no business activity was carri...
Company Law : The issue concerns whether companies can distribute funds before applying for strike off. It is clarified that presence of assets ...
Company Law : The MCA introduced a streamlined process for updating registered email IDs of companies and LLPs. The update ensures seamless rece...
Company Law : The issue involves failure in DIR-3 KYC filing due to DSC mismatch. MCA clarified that proper DSC registration with DIN is mandato...
Company Law : The MCA21 V3 portal will launch its final 38 company forms on July 14, 2025. Key dates include V2 e-filing discontinuation on June...
Corporate Law : Ministry of Housing & Urban Affairs Scheme of Special Micro-Credit Facility launched for Street Vendors – Striving towar...
Company Law : In this flash editorial author discusses the provisions of liability of directors after strike off of Company or winding up of Com...
Company Law : Article discusses Time Period for Filing of Appeal in National Company Law Appellate Tribunal (NCLAT) against the order of adjudic...
Corporate Law : In this editorial author discusses Judgment National Company Law Appellate Tribunal (NCLAT) in the case of Steamline Industries L...
Corporate Law : The 'I&B Code' is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provisi...
Corporate Law : Whether Corporate Debtor can bar the NCLT to accept the petition of Operational Creditor by raising a dispute on the Demand Notice...
In this editorial author discussing about Provisions of loan from shareholders by Private Limited Company, Process of acceptance of loan from shareholder, Treatment of such loan in DPT-3, Balance Sheet etc. There are many ambiguities in the corporate and professionals about treatment of Loan from shareholder, whether considered as deposit or not? Section/ Rules Involved: […]
In this editorial, Author shall discuss about concept of deposit in relation to most common question between professionals i.e. ‘If a Company accepted loan from an Individual and such individual is Director as well as shareholder of the Company. Whether loan from such person shall be considered as Loan from Shareholder of Loan from Director? […]
In this editorial, Author shall discuss about concept of Beneficial Interest, meaning of beneficial owner, registered owner, compliances in case of beneficial interest etc. A. REGISTERED OWNER: He is a person, whose name shall be enter into register of members but who does not hold the beneficial interest in such shares, legal interest vested with […]
In this editorial, Author shall discuss about ‘Management Services’ which are not allowed to be provided by Statutory Auditors. A. Restricted Services by Auditor: An auditor appointed under this Act shall not provide the following services directly or indirectly to the company or its holding company or subsidiary company: – √ accounting and book-keeping services; √ […]
LLP Amendment Bill 2021 In the Budget 2021, our hon’ble financial minister announced about Amendment in LLP Act. In continuation of same, Ministry of Corporate Affairs issued a press release on 03rd February 2021. MCA initiates process of De-criminalisation of compoundable offences of LLP Further in continuation of the same Wednesday, 28th July, 2021 Cabinet […]
MCA has issued two notification on 22nd July, 2021, Commencement of Section 4 of Companies (Amendment) Act, 2021 and Companies (Incorporation) Fifth Amendment Rules, 2021. As per notification, both the notifications came into effect from 1st September 2021. A. ANALYSIS OF NOTIFICATION – ONE: (Amendment in Section 16) By this notification, the Central Government has […]
In this editorial, Author shall discuss about concept of Signing of Financial Statement of Company (OPC, Small, Private, Public, Listed etc). Further, author shall try to answer the following questions: 1. How Many directors must sign the financial statement? 2. Whether, Chairman of Meeting solely sign the Financial Statement? 3. Can an independent Director sign […]
In this editorial author shall discuss everything in relation to Annual Filing of a Private Limited Company. As we know every company whether working or not working must comply with certain provisions of Companies Act, 2013. Like: preparation of Financial Statement, Annual Return, Holding of Annual General Meeting etc.
Short Summary: Ministry of Corporate Affairs (MCA) by amendment in Rule 11 of Companies (Management and Administration) Amendment Rules, 2021 has introduced e-form MGT-7A as annual return of Small Companies and OPC w.e.f. financial year 2020-21 on wards. MGT-7A available on MCA since 17th July 2021. In this editorial author shall discuss the questions arising […]
Earlier all companies were required to prepare its annual return in Form No. MGT-7 but not MCA specified that from Financial Year 2020-21 Every company shall file its annual return in Form No.MGT-7 except One Person Company (OPC) and Small Company. One Person Company and Small Company shall file annual return from the financial year 2020-2021 […]
