Category Archives: Compliance

Composition of Board of Directors Under Company Law

What everyone ought to know about the Composition of the Board of Directors under SEBI LODR

Section 149 of the Companies Act of 2019 regulates the composition of the board of directors. In the case of a public company,…
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Mandatory Compliances for Limited Liability Partnership (LLP)

Compliances Applicable on Limited Liability Partnership (LLP)

A Limited Liability Partnership is a globally recognized business entity. It was introduced in India by the procedure under the Limited Liability Partnership…
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Clarification on spending of CSR funds for ‘Har Ghar Tiranga’

Clarification on spending of CSR funds for ‘Har Ghar Tiranga’

'Har Ghar Tiranga' is a campaign organized by Azadi Ka Amrit Mahotsav to encourage people to carry the Tiranga home and hoist it…
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appointment of auditors

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…
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ESOP of an unlisted company

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…
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Appointment of Director in a Private Limited Company

Appointment of Director in a Private Limited Company

A Company Director is a person appointed by shareholders to manage company affairs following MOA and AOA. Since the company is an artificial…
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Strike off of Companies

Strike off of Companies – Voluntary Removal

Striking off a company name is another way to shut down a company's operations. The Registrar of Companies (‘ROC’) may issue a notice…
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Compliances under Companies Act 2013

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…
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Purpose and Importance of XBRL

Purpose and Importance of XBRL

  XBRL is the language of electronic communication of business and financial data that transforms business reporting around the world. It offers great…
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Post Incorporation Compliances for Companies

Post Incorporation Compliances for Companies

Once a company has merged, there is a set of compliance procedures that must be completed to maintain compliance with the Companies Act,…
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Private Placement of Shares

Private Placement of Shares/Securities – Companies Act, 2013

Section 42 of the Companies Act, 2013 provides that a company may be able to create a private placement for a particular group…
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Audit of a Small Company

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…
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Annual Compliance for Section 8 Companies

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…
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Due Dates of Filing ROC Forms for the Month of June 2022

Due Dates of Filing ROC Forms for the Month of June 2022

When one fiscal year finishes and a new one begins, it serves as a reminder to all company’s registered in India to mark…
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Event based compliances as per Companies Act 2013

Event based compliances as per Companies Act, 2013

Hey are you worried about compliances or you want to gain some valuable knowledge about, what are compliances under Companies Act, 2013? In…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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