Category Archives: Compliance

Corporate Social Responsibility (CSR) in India as per Companies Act 2013

Corporate Social Responsibility (CSR) in India as per Companies Act 2013

Corporate Social responsibility (hereinafter referred as ‘CSR’) is an initiative laid down mandatory for every company that falls under the provisions prescribed by…
Continue reading
Annual Compliances for FY 2022-23 W.R.T ROC & RBI

Annual Compliances for FY 2022-23 W.R.T ROC & RBI

Companies and LLPs in India must comply with the yearly filing requirements stipulated in the Companies Act, 2013 and the Limited Liability Partnership…
Continue reading
First Board Meeting of Company Post Incorporation

General Agenda items for First Board Meeting of Company Post Incorporation

Nowadays, a lot many companies are getting incorporated quite successfully with different objectives in the form of public, private, or any other thing…
Continue reading
ROC Compliance under Companies Act 2013 for Financial Year 2022-2023

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…
Continue reading
Composition of the Board of Directors of a Listed company in India

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…
Continue reading
Ordinary Business & Special Business of Companies Act 2013

Ordinary Business & Special Business – Companies Act, 2013

The executive board makes decisions and determines actions on behalf of a company in the corporate world. But how will this function in…
Continue reading
Annual ROC filings Form wise Due Dates and applicable Sections

Annual ROC filings- Form wise Due Dates and applicable Sections

It is necessary for all companies to furnish their annual accounts and file their annual returns as per the Companies Act, 2013. However, all…
Continue reading
Procedure to Convert Section 8 Company into a Private Limited Company

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…
Continue reading
Process for Change of Registered Office from One State to Another

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,…
Continue reading
All about CSR Reporting- CSR-2 as “A New Beginning”

All about CSR Reporting- CSR-2 as “A New Beginning”

We live in a dynamic world that is becoming complex. Environmental, social, cultural, and economic challenges on a global scale have now become…
Continue reading
Modes of Winding Up of a Company as per Companies Act

Modes of Winding Up of a Company as per Companies Act

Section 361 of the Companies Act, 2013 specifies a short process for the dissolution of corporations. The Central Government appoints an Official Liquidator…
Continue reading
Annual Return on Foreign Liabilities & Assets under FEMA

Annual Return on Foreign Liabilities & Assets (FLA Return) Under FEMA

All business organizations that already gain Foreign Direct Investment (FDI) or undertaken International Capital overseas with in preceding year along with the existing…
Continue reading
Board of Directors Report under Companies Act 2013

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…
Continue reading
Resignation of Director under Companies Act 2013

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…
Continue reading
Form INC-20A “Declaration for Commencement of Business”

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…
Continue reading
Procedure and key Goals Form to be filed to ROC in case of Rights Issue

Form to be filed to ROC in case of Rights Issue – Procedure and key Goals

Additional capital shares are issued through Right Issue to raise subscribed share capital of a registered company. Instead of offering shares to the…
Continue reading
15 businesses at Shareholders Meeting which can be transacted

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…
Continue reading
An Analysis of Input Tax Credit concept under GST

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…
Continue reading
Issue of Privately Placed Non-Convertible Debentures by Unlisted NBFCs

Issue of Privately Placed Non-Convertible Debentures by Unlisted NBFCs

Funding is essential for a company to not only invest and expand but also to run its day-to-day operations. When a firm needs…
Continue reading
Appointment of Auditor in Casual Vacancy in an OPC

Appointment of Auditor in Casual Vacancy in an OPC

A One Person Company (OPC) is a one-person company that is formed under the Companies Act of 2013 and is fully managed and…
Continue reading
Handy Compliance for Overseas Direct Investment in India

Handy Compliance for Overseas Direct Investment in India

Overseas Direct Investment (ODI) is a type of investment that is made outside the Indian Territory by Indian companies with foreign entities. It…
Continue reading
Change in Directors of Company- Resignation, Removal, Appointment

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…
Continue reading
7 Ways through which NGOs can get CSR Funds for their Projects

7 Ways through which NGOs can get CSR Funds for their Projects

What is CSR? Corporate Social Responsibility or CSR is a managerial theory wherein corporate houses acknowledge their social and environmental responsibilities and incorporate…
Continue reading
Procedure for Conversion of Private Limited Company into LLP

Procedure for Conversion of Private Limited Company into LLP

On account of its flexibility, compliance, tax, and performance, LLP can be useful for small and medium-sized businesses, in general. Internationally, LLPs are…
Continue reading

MCA Due Dates for FY 2020-21 (ROC Compliances)

Ministry of Corporate Affairs (MCA) regulates companies as well as LLPs in India. Both these entities should do e-filing as per requirements given…
Continue reading

Compliance’s of Directors under Companies Act, 2013

The main authority that controls the operations of a company is the team of directors. This team of directors is commonly known as…
Continue reading

What is the Documents Requirement for Director KYC?

A company is an artificial person which gets acted and represented by the appointed members to act upon on behalf of the company.…
Continue reading

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…
Continue reading

XBRL Returns Applicability to ND-NSI Category of NBFCs

All the commercial banks, financial institutions, authorised foreign exchange dealers and non-banking financial institutions are required to file returns. These return formats are…
Continue reading

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…
Continue reading

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.…
Continue reading

Conversion of Section 8 company Into Any other Company

The concept of non-profit organizations came in the early 19th century. In India, non-profit organizations are covered under section 8 of the Companies…
Continue reading

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…
Continue reading
How to Change Name of a Company

How to Change Name of a Company

How to Change Name of a Company Company is a separate legal entity in the eyes of law, an…
Continue reading

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…
Continue reading

Consequences of Not Filing a Declaration for Commencement of Business in e-Form INC-20A

Form INC-20A is a declaration form that is to be filed by the directors of the company at the time of commencement of…
Continue reading

What is Legal Compliance Reporting? Read on to find out

The word Compliance means to comply with the prescribed rules, regulations, laws and standards that are applicable to a Company or businesses. Confirming…
Continue reading

Send this to a friend