Complete Guide to Limited Liability Partnership A Limited Liability Partnership is a hybrid business structure that combines the operational flexibility of a traditional partnership with the benefits of limited liability available in a company. It is governed by the Limited Liability Partnership Act, 2008 and the Limited Liability Partnership Rules, 2009. An Limited Liability Partnership …
Key Managerial Personnel (KMP) Under the Companies Act, 2013: Roles, Appointment, Compliance and Remuneration Effective corporate governance begins with strong leadership and accountability. To ensure that companies are managed professionally and comply with applicable laws, the Companies Act, 2013 recognizes certain senior executives as Key Managerial Personnel (KMP). These individuals are entrusted with the responsibility …
Annual Report under the Companies Act, 2013: A Complete Guide for Companies The Annual Report is one of the most significant corporate documents prepared by a company every financial year. It serves as a comprehensive communication tool between the company, its shareholders, investors, regulators, lenders, and other stakeholders. Through the Annual Report, companies disclose their …
The MCA Relaxes Additional Fees for AOC-4, MGT-7 and CRA-4 Filings The Ministry of Corporate Affairs, through General Circular No. 05/2026 dated 24 October 2026, has provided a one-time relaxation from the levy of additional fees for filing certain annual compliance forms relating to FY 2025-26. Under the circular, MCA relaxes additional fees Form AOC-4 …
Major Changes Proposed & Impact of Corporate Laws (Amendment) Bill, 2026 A major reform initiative, the Corporate Laws (Amendment) Bill, 2026, aims to strengthen regulatory accountability, facilitate a digital-first corporate governance structure, and improve ease of doing business. The government’s ongoing transition from punitive regulation to compliance-based, technology-driven oversight is reflected in the bill. Objective …
How Statutory Compliances Increase with Turnover (India) As businesses scale, regulatory obligations don’t rise linearly; they jump in slabs. Understanding these thresholds early helps founders and finance leaders plan systems, costs, and governance before compliance becomes reactive. Turnover-based summary only. Other triggers like capital, borrowings, deposits & net worth also apply. Scaling revenue without scaling …
Difference between Statutory Audit vs Tax Audit vs GST Audit Meaning | Applicability | Authority | Objectives | Reporting Many businesses undergo multiple audits under different laws, yet confusion around their scope, purpose, and reporting often leads to mismatches, departmental notices, and avoidable litigation. Each audit serves a distinct statutory objective. Understanding these differences is …
Revised Definition of Small Company (w.e.f. 01-12-2025) The Central Government of India, through the Ministry of Corporate Affairs (MCA), has revised the definition of a small company under Section 2(85) of the Companies Act, 2013, effective December 1, 2025. The revision via the Companies (Specification of Definition Details) Amendment Rules, 2025 doubles the limits to …
Filing of Form DPT-3 (Return of Deposits) for FY 2024-25 under the Companies Act, 2013 This is a formal reminder to comply with the statutory requirement under the Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014, & Read with Section 73 of the Companies Act, 2013. Purpose of Filing of Form DPT-3 (Return …
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 …