Latest News
Brief History of CARO & Applicability/Coverage of CARO 2020
A new structure for statutory audits of companies has been announced by the Ministry of Corporate Affairs (MCA). Companies (Auditor’s Report) Order, 2020 was…
Compliance
Appointment of Auditor, Casual Vacancy, ROC Filing, First Auditor Appointment
Any person who is a chartered accountant can be appointed as an auditor of the company. In the case of a firm where most…
Latest News
Appointment & Qualification of Directors Amendment Rules, 2022 – Analysis
The Ministry of Corporate Affairs (MCA) in a notification dated June 1, 2022, issued the Companies Amendment (Appointment and Qualification of Directors) Rules, 2022…
Company Law
CARO 2020-Key Changes and Disclosure Requirements
CARO 2020 is a new system for the release of audit reports in the event of a statutory corporate audit under the Companies Act,…
Compliance
ESOP by an unlisted public company and private company
An employee stock option plan (ESOP) is a frequently used incentive mechanism used by organizations. There are various reasons why company employees are given…
Finance Company
How to register Entity User and Business User in FIRMS Portal of RBI?
The RBI has announced that to consolidate existing reporting frameworks for various types of foreign investment in India, it will introduce a Single Master…
Start and manage a business
Why LLP is better than Private Limited Company?
Great! You have the ideal business concept, are motivated, have a supportive team, and are eager to get started. But hold on! Have you…
NGO
FCRA Registration – Eligibility & Required Documents
In the current context, the world is heavily focused on social and environmental actions. Businesses themselves, in addition to their common goal of…
FEMA
Compounding of Contraventions under FEMA, 1999 in India
The Foreign Exchange Management Act, of 1999, was approved by the Indian Parliament. Its mission is to consolidate and revise foreign currency legislation to…
Start and manage a business
Investment in a Foreign Company by Indian Individual
Investing in a foreign company by an Indian is governed by the Foreign Exchange and Management Act, 1999, as well as the various laws…
Miscellaneous
How to Register RCMC in DGFT Online
The acronym DGFT stands for the Directorate General of Foreign Trade. The DGFT is in charge of the laws and regulations that apply to…
Company Law
Powers of Board & Restriction on Powers of Board – Companies Act
Under the Companies Act 2013, a Company can exercise its power through a Board of Directors or shareholders. The relationship between the shareholders…
Company Law
Brief of Section 196, 197 & Schedule-V of Companies Act, 2013
Sections 196 and 197 of the Companies Act 2013 and the rules made thereunder read together with Schedule V provide for the appointment and…
Company Law
All About Transfer of Shares in physical format in case of Private Company
The transferability of a company’s shares is a crucial feature. Moveable property includes shares and debentures. They can be transferred in the ways specified…
Compliance
Compliances under Companies Act, 2013 and SEBI (LODR) Regulations
Are you concerned about compliances or want to learn more about what compliances under the Companies Act, 2013 and SEBI (LODR) Regulations are? This article…
Company Law
Draft Format of Directors Report: Small Company 2022
All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs. Undoubtedly…
Finance Company
Annual Return on Financial Liability & Asset (FLA)
With many Indian company attracting foreign investors in the form of cheap, easy-to-access, and affordable investments, Foreign Direct Investment (FDI) has become commonplace in…
Company Law
Analysis of Liquidation Process – Meaning, Forms and Procedure
Liquidation is a process by which the legal position of a company ends. Companies are closed for various reasons but one of the…
Miscellaneous
Difference between EPF, PPF & NPS and Tax Benefits
As the financial year draws to a close, all leading employees find themselves working on their investments that will help with tax deductions. It…
Company Law
Procedure for Issue & Delivery of share certificates after allotment
When companies issue shares in the market, purchasing shareholders are issued a share certificate. The basic sharing certificate serves as a receipt for the…
Latest News
Comparative summary of CARO 2016 & CARO 2020
CARO 2020 represents the Companies (Auditor’s Report) Order, 2020. Section 143 of the Companies Act, 2013 states that auditors are authorized to report on…
Change in Business
Input Tax Credit under GST
The Input Tax Credit is a key concept of GST as it eliminates the declining effect of tax. A registered person is entitled to…
Compliance
Audit of a Small Company
Although auditing is often regarded as stressful, a wealth of valuable information can be gleaned from these financial tests. Internal and external audits are…
Company Law
Issue & Redemption of Preference Shares – Companies Act 2013
Section 55 of the Companies Act, 2013 read with Rule 9 of the Companies Act (Share Debt and Capital), 2014 allows the Company to…
Compliance
Annual Compliance for Section 8 Companies in Jaipur
As provided for in the Companies Act of 2013, every company registered under the Companies Act 2013 or previous rules whether a private limited…
Startup/ Registration
Company Annual Filing in Ajmer
Company annual filing refers to the completion of the audited annual financial statements of the Company and the report of the Directors and the…
Miscellaneous
Gold Monetisation Scheme, 2015 – Types, Benefits & FAQs
The government introduced the Gold monetisation plan in 2015 with the goal of mobilization Gold and facilitating its usage for economic purposes, which would…
FEMA
Concept of External Commercial Borrowings under the FEMA Act, 1999.
External Commercial Borrowings (ECB) is borrowings made by an eligible entity in India from any recognised entity outside India for commercial reasons. Debt financing…
Trademark Registration/IPR
Passing Off a Trade Mark and its Effect
In layman’s terms, passing off takes place when a trader/businessperson/or another person makes a false representation to their client, leading them to believe that…
Latest News
Directors and Officers Liability Insurance in Present Corporate Scenario
Directors and Officers Liability Insurance is quite a new concept in the Indian Corporate Scenario. It is often termed D&O Liability Insurance and is…
Section 8 Company
Impact of Revised RBI Guidelines on Section 8 Microfinance Companies
When you wish to create a financial business across India without RBI clearance and capital restrictions, registration of microfinance companies under section 8 is…
Latest News
SEBI IPO Disclosure Norms for Loss Making Companies
There are a lot of new-age companies that are not performing up to the mark in the market. They have no track record of…
Compliance
ROC Compliance under Companies Act, 2013 for Financial Year 2022-2023
Companies and LLPs operating throughout India are required to follow the yearly filing requirements outlined in the Companies Act, 2013 and the Limited Liability Partnership…
Miscellaneous
Methods of Valuation, its procedure – Is Valuation a Scam?
A company appraisal necessitates a working understanding of several criteria, as well as professional judgment and expertise. This involves recognizing the valuation’s goal, the…
Company Law
All about Employee Stock Options Plan (ESOPs): Buyback of ESOPs
Employee Stock Options Plan (ESOP) is an employee benefit plan, that provides workers ownership interest in the company. This interest takes in the form…
Compliance
Composition of the Board of Directors of a Listed company in India
A board of directors is a panel of people elected to represent shareholders. The board is in charge of protecting shareholders’ interests, establishing policies…
Income Tax
Importance of Minimum Alternate Tax in Tackling Tax Avoidance
Minimum Alternate Tax (MAT) was created to decrease the gap between the tax accountability under income calculation and book profits. Further, the objective behind…
Miscellaneous
Draft Format of Directors Report: Small Company 2022
All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs. Undoubtedly…
Compliance
Procedure to Convert Section 8 Company into a Private Limited Company
The notion of non-profit corporations is present under Section 8 of the Companies Act, 2013. Non-Profit Corporations are not a new concept in our…
Company Law
Oppression & Mismanagement of Companies Act 2013 – | Section 241-246 |
The principle of majority rule is at the heart of corporate democracy. The principle of majority originated with the rule of Foss v Harbottle,…
Company Law
Regulatory Framework of Issue of Shares and Securities to Foreigners
Foreign Investment Policy regulates direct foreign investment in a country’s production or business by a person or firm from another country. For developing countries…
Compliance
Process for Change of Registered Office from One State to Another
Within 30 days of its incorporation, a corporation must have a registered office. In the Memorandum of Association (MOA) and Articles of Association, the…
Compliance
Board of Directors Report under Companies Act 2013- Contents of Report
Financial reporting is required for businesses since it offers information on a company’s current state as well as its compliance with financial, corporate social…
Compliance
Resignation of Director under Companies Act 2013
A director may resign from his office by giving written notice to the Company, and upon receipt of such notice, the Board shall take…
Compliance
Must Known Facts of Form INC-20A “Declaration for Commencement of Business”
The Companies (Amendment) Ordinance 2018 requires all companies registered on or after November 2, 2018, to file a certificate of the beginning of the…
Miscellaneous
Loans to Directors under Section 185 Companies Act, 2013
Public firms have permission to provide loans, guarantees, and securities under the Companies Act, 1956. They can do so as long as they acquired prior…
Compliance
15 businesses at Shareholders Meeting which can be transacted
The purpose of an Annual General Meeting (AGM) is for the company’s management and shareholders to engage. The Companies Act, 2013 mandates the holding of…
Compliance
An Analysis of Input Tax Credit concept under GST
When you acquire a product or service from a dealer, you must pay sales taxes. You collect this tax when you sell. You adjust the…
Finance Company
What is FCNR? Is FCNR a Good Investment Option for NRIs?
Over the last two decades, India has undergone tremendous industrial progress. As a result, foreign direct investment is increasing in the country (FDI). This…
Trademark Registration/IPR
What is the Procedure of Trademark registration in Jaipur?
Introduction Most business owners are aware that trade marking is a vital initial step in beginning a company, but how much do you know…
Income Tax
What is Income and Different Sources of Income?
Money isn’t everything; however, it is a critical component in the life of an individual. Money helps us reach our life’s ambitions and supports…
Latest News
The Limited Liability Partnership (Amendment) Rules, 2022
The Limited Liability Partnership (Amendment) Rules, 2022 have been published by the government. Further, Rules 5, 18, 19, and 37 have been amended. Moreover,…
Trademark Registration/IPR
Do Book Titles come under Trademark or Copyright?
Introduction In today’s society, Trademark infringement is widespread. People in all walks are adopting a Trademark that is deceptively similar to somebody else’s trademark.…
Startup/ Registration
Process of getting Cosmetic Manufacturing Licence in Rajasthan
In the current climate, the cosmetics industry is not only thriving in India, but it is also predicted to grow in the next five…
Startup/ Registration
Financial Elements to Understand for Startup Entrepreneurs
Financial Elements to Understand for Startup Entrepreneurs are some steps that need to be followed in today’s world for setting up any business venture…
Annual Compliance
Quarterly, Half Yearly & Annual Compliances under SEBI Listing Regulations
Annual Compliances under SEBI Listing Regulations are pathways or obligations which are issued by SEBI for the purpose of encouraging healthy business among the…
Section 8 Company
Registration of Section 8 Company for undertaking Corporate Social Responsibility (CSR) Activities
A company can be called as a Section 8 company that has gotten itself registered as NGO or charitable association and has gotten a…
Company Law
Process of Extension of holding Annual General Meeting
Section 96 of the Companies Act, 2013 provides that each company other than a one person company will in every year hold an Annual…
Trademark Registration/IPR
All you need to know about Copyright of Sound Recording in India
The Indian Copyright Act, 1957 provides the provisions to grant the copyright of unique work. Copyright ensures musical, creative, artistic, emotional, architectural, cinematograph films,…
Latest News
Compliance calendar for January 2022
Due to the pandemic there are a large number of compliances under the Companies Act, 2013, (Act). The additional timelines have been provided by the…
Startup/ Registration
Tax Exemptions Available For Startups in India
In 2016, the Prime Minister of India Shri Narendra Modi proclaimed the Startup India campaign to foster entrepreneurship in our country. The Start-up India…
Startup/ Registration
Why Start-ups should choose LLP over the Partnership?
Introduction Despite being a relatively new development in the field of business, there has been a noticeable increase in the number of entrepreneurs opting…
Latest News
SEBI (LODR) (Third Amendment) Regulations, 2021
Table of Contents Introduction Enhanced independence criteria for Independent Directors Timeline for obtaining Shareholder Approval for Each Director’s Appointment, including IDs Additional Information requirement…
Company Law
Dormant Company: Procedure, Eligibility, Fees
Introduction Where a company is formed and enrolled for a future task or to hold a resource or intellectual property and has no critical…
Compliance
Change in Directors of Company- Resignation, Removal, Appointment
The board of directors is the supreme authority in charge of a company’s management and control. They have a fiduciary duty to the company…
Startup/ Registration
Registration of Project under RERA
Under the RERA Act, promoters must to register their real estate project to sell, advertise, market, book or buy. The promoters must apply to…
Miscellaneous
Legal Notice for Cease and Desist against using the Trademark/Brand Name
The term notice is derived from Latin word “notitia” which means “a being known” or a knowing is wide enough in legal circle…
Company Law
All You Need to Know About Difference Between OPC and LLP
There are two very new concepts in the changing scenario of corporate law in India. The first is OPC which stands for One…
Miscellaneous
Ease of Doing Business and Custom Audit
The World Bank publishes an index called the “Ease of Doing Business”. It is an aggregation of several characteristics that characterise the ease…
Miscellaneous
Complete process to file a complaint in the Rajasthan Real Estate Regulatory Authority (RERA)
The Real Estate (Regulation and Development) Act, 2016, was enacted to help homebuyers in protection of their rights and interests from the malpractices of…
Agreement Drafting
How to draft a Commercial Agreement in India?
According to Section 2(h) of Indian Contracts Act, 1872 “an agreement enforceable by law is a contact” resultantly an agreement which creates legal obligation…
Latest News
Key Takeaway of the LLP (Amendment) Act, 2021
A “Limited Liability Company (LLP)” is a contemporary type of a limited liability legal entity. It is a unique corporate structure offering the benefits…
Agreement Drafting
Drafting of RERA agreement for sale in India
A sale deed is a legal document depicting the transfer of title, rights and ownership of the immovable property from the seller to the…
Miscellaneous
Glimpse of Investor Education and Protection Fund (IEPF)
Financial markets heavily depend upon the investors. Investors, investing their excess resources, determine the market trends and the level of activity in the economy.…
Compliance
Key Compliances for the Month of October 2021
It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before…
Change in Business
Understanding Process of closing LLP in India
The MCA (Ministry of Corporate Affairs) has amended LLP Rules by introducing form 24 which paves way to easily dissolve the LLP by making…
Change in Business
How to Inform MCA/ROC in Case Of the Death of the Director?
MCA or the Ministry of Corporate Affairs deals with the Companies Act 1956, Limited Liability Partnership Act 2008, and other regulations and acts associated…
Compliance
Appointment of KMP in a Company : Section 203 of the Companies Act, 2013
The Companies Act,2013 has introduced the concept of KMP (Key Managerial Personnel). This concept is basically for bringing all the heads into one main…
Change in Business
Concept of Increase in Authorized Capital of Company
Promoters of a company decide the capital investments at the incorporation stage. As the business grows, the company expands its operation. Sometimes the capital…
Income Tax
Understanding Marriage Gifts And Its Taxation in India
Indian marriages see a huge influx of gifts. The newlyweds are given gifts from their immediate families and friends. A common question arising in…
Agreement Drafting
Drafting of RERA Agreement for Sale
Today’s population, especially those living in big cities have evolved from living in big houses to apartments/villas etc. These days the working professionals do…
Compliance
Loan to Directors under Section 185 of Companies Act, 2013
It is said that shareholders are owners of the company. However, in reality it is the Board of Directors who exercise great control. Board…
Compliance
Concept of Resolution under Companies Act 2013
In Companies, major decisions are taken by the board of directors. These decisions are in the form of resolution. A resolution is an agreement…
Latest News
Overview of Rights Issue-New Rule 12A
Any operating business needs funds for expansion as well as smooth running of the business. Now the business can choose to opt for borrowed…
Annual Compliance
Checklist for Drafting of Directors Report
The director’s report is a mandatory financial document attached to the balance sheet before the annual general meeting(AGM) filed at the end of every…
Company Law
All you need to know about Different Types of Companies in India
The Companies Act, 2013 defines a company as a company incorporated in India to carry different types of businesses. Companies are formed under Companies…
Miscellaneous
RERA Registration for Agents in Rajasthan
The real estate industry was highly unorganized and unregulated with around 10 lakh brokers in India. To cater to this issue government introduced RERA.…
Company Law
Requirement of Filing Form MGT-9 as per Companies Act, 2013
At the end of every financial year, companies in India have to file an annual return. There are numerous amendments related to the filing…
NBFC Registration
Complete Overview of NBFC Takeover Procedure in India
NBFC is the financial institution that is registered under The Companies Act,2013 and regulated by RBI Act,1934. Before commencement of these financial activities business…
Compliance
How to inform MCA/ROC in case of death of a partner in LLP?
LLP or limited liability partnership is a type of partnership firm which have features like a company. It is just like a partnership firm…
FSSAI License/Registration
How to transfer a Food License in India?
FSSAI stands for Food Standards and Safety Authority of India. It is an autonomous body responsible for food safety and promoting and protecting public…
Annual Compliance
What is DIR-3 KYC: Documents Requirement, Form Filing and Due date
KYC stands for “Know your customer”. It is a process initiated by all banks, financial institutions and other departments to know their client’s identity…
Trademark Registration/IPR
How can you apply for Brand name in India?
How many cups of coffee and scribbles on a paper did it take for you to zero-in to design your logo? A dozen, right?…
Trademark Registration/IPR
How to go for Trademark Registration of LLP?
Limited Liability Partnership (LLP) is way of doing business which has basic structure of partnership but it is considered as Body Corporate. Because of…
Startup/ Registration
How can you apply for Trade License in India?
Now a days Trade License has become a very crucial document for an individual or a person who wants to commence or set up…
Agreement Drafting
How can a company take Loan from directors and relatives and shareholders? Read to find out
There are several ways by which a company can raise long-term capital, e.g. issue of equity shares, preference shares, debentures or accept money by…
Startup/ Registration
How to Open a IT Startup in India? Read to find out
India has seen an upsurge in the coming of IT startup companies. With the tech-movement throughout the globe, we see more and more IT…
Company Law
Dematerialisation of securities under Companies Act 2013
Under Indian law, shares of an unlisted company may be held either in physical form (i.e., denoted by letters of allotment/share certificates issued against…
NGO
How to Apply for an NGO Darpan Registration in India?
This article iterates the NGO Darpan Registration Process. In India poverty percentage is about 6.5%. The computation of this figure is based on 2019,…
Company Law
Foreign Investment Reporting under RBI Single Master Form (SMF)
Foreign investment in India is required for the development of the economy and improvement of the gross domestic product. However, when receiving foreign investment,…