Private placement procedure in a Private Limited Company in India The private placement procedure in a private limited Company in India is governed by Section 42 of the Companies Act, 2013 and the relevant rules under the Companies (Prospectus and Allotment of Securities) Rules, 2014. Not more than 200 persons in a financial year (excluding …
Secretarial audit Under Companies Act 2013 Under Section 204 of the Companies Act, 2013, every listed company and any public business with a paid-up share capital of 50 crores or more or a revenue of 250 crores or more is required to conduct a secretarial audit. A corporate secretary is required to conduct the secretarial …
Online MCA E- Scrutiny of Corporate Filing in India The Ministry of Corporate Affairs will examine/ scrutinize ROC filings filed via the Straight Through Process Under the Central Scrutiny Centre, under the blog we will discuss about the ROC annual filing, STP E-Forms, MCA notification regarding the MCA Electronic Scrutiny Of Corporate Filing in India. …
MCA Form CSR – 2 on reporting on Corporate Social Responsibility MCA has issued a new FORM CSR-2 for reporting on Corporate Social Responsibility, which must be reported yearly with Form AOC-4 beginning in FY 2021. Because the modifications in AOC-4 have not been implemented for FY 20-21, it will be filed separately by 31-03-2022. …
RE-APPOINTMENT OF AUDITOR After completion of tenure of 5 consecutive years the auditor may be re-appointed by complying with the provisions of section 139(9) which states that subject to the provisions of sub-section (1) & the rules made thereunder, a retiring auditor may be re-appointed at an annual general meeting, if- Auditor is not disqualified …
Points to Consider Before Choosing Types of Business Ease: The easiest business structures to create are sole proprietorships. It is typically as easy as opening a checking account at your local bank to set up a sole proprietorship. It is also relatively easy to set up partnerships, but you may …
Form DIR-5 for Cancellation or Surrender of DIN Brief Introduction Director Identification Number (DIN) is often surrendered thanks to different reasons, and therefore the DIN may be surrendered voluntarily for the purposes of cancellation or deactivation on certain conditions. what are the explanations for the surrender of DIN, or when can or not it’s surrendered? …
Statutory due dates for Company annual filing Important Dates for Annual Filing Every year, within 30 days and 60 days of the conclusion of the Annual General Meeting, every business registered in India must file its annual accounts and annual reports with the ROC. It is essential that you complete all of your ROC Compliance …
Nidhi Company Incorporation Procedure Nidhi Corporation refers to a company formed to instill the habit of saving among its members or owners. The dictionary definition of Nidhi is “treasure.” In the Indian financial industry, however, it is a mutual benefit society that is approved by the Central Government. Nidhi businesses can only accept deposits from …
Nidhi Company Incorporation Procedure in India Nidhi Corporation refers to a company formed to instil the habit of saving among its members or owners. The dictionary definition of Nidhi is “treasure.” In the Indian financial industry, however, it is a mutual benefit society that is approved by the Central Government. Nidhi businesses can only accept …