The Companies Act 2013 is a crucial legislation in India governing the incorporation, functioning, and management of companies. Learn about the key provisions, compliance requirements, and legal framework under the Companies Act 2013.
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We request you to kindly consider introduction of CSR Compliance Certificate by a Company Secretary in Practice, independent professional and reporting thereof in a dedicated format in form of CSR Compliance Certificate.
Kindly consider introduction of CSR Compliance certificate by an Company Secretary in Practice, independent professional and the reporting thereof in a dedicated format in the form of CSR Compliance Certificate which shall be attached with the e-form for CSR. Also, we would like to suggest that initially obtaining the said CSR Compliance Certificate be mandated
An independent CSR Audit/ Review and issue of CSR Audit/Review Report by the Company Secretaries in Practice shall not only give the existing CSR mechanism much needed support and give necessary comfort to the stakeholders, regulators and the society at large that the companies are Complying with the legal requirements but will also give authentic information about the Utilisation of CSR funds by the companies in specified CSR activities. The proposed coverage of the CSR Audit is placed at Annexure I.
Amendments introduced in Companies Act, 2013 through Companies (Amendment) Act, 2019, along with their implications In a developing Country like INDIA, Laws and Legislatures plays a crucial role in maintaining the democracy. Since past few decades, the Indian Population has shifted its lenience from agricultural sector to Industrial and other variant sectors to achieve interpersonal […]
AS PER THE PROVISIONS OF THE COMPANIES ACT 2013 SL NO. SECTION/RULES APPLICABILITY ANALYSIS 1. Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 (Dematerialization of Shares) Every unlisted public company shall – (a) Issue the securities only in dematerialized form; and (b) Facilitate dematerialization of all its existing securities Not […]
Nidhi Amendments Rules, 2019 were notified by MCA on 01st July 2019 and are effective from 15th August 2019. Vide this notification MCA inserted Rule 3A. Declaration of Nidhis, Rule 23A. Compliance with rule 3A by certain Nidhis and 23B. Companies declared as Nidhis under previous company law to file Form NDH-4 in Nidhi rules, […]
Recently, The Ministry of Corporate Affairs came up with a notification dated 16th August, 2019 pursuant to which the Central government notifies the Companies (Share Capital And Debentures) Amendment Rules, 2019 to further amend the Companies (Share Capital and Debentures) Rules, 2014:- 1. In Rule 4, in sub-rule (1) of Companies (Share Capital and Debentures) […]
1. Section 135 of Companies Act, 2013 pertaining to Corporate Social Responsibility (CSR) is applicable to all Companies during the immediately preceding financial year having: Net profit before tax of Rs. 5 Crore or more or Networth of Rs. 500 Crore or more or Turnover of Rs. 1,000 Crore or more 2. In this regard, […]
National Financial Reporting Authority Rules National Financial Reporting Authority is a body proposed in Companies Act, 2013 for the establishment and enforcement of accounting and auditing standards and oversight the work of auditors. Which Body Corporates will be covered by NFRA ? The Authority shall have power to monitor and enforce compliance with accounting standards […]
A mandatory community social service as per Section 135 of The Companies Act, 2013 with penal implications for non compliance Eligibility Criteria Every Company having: a) A net worth of Rs. 500 crore or more OR b) Annual turnover of Rs. 1000 crore or more OR c) A net profit of Rs 5 crore or […]
