The Ministry of Corporate Affairs notified The Companies (IND AS) Amendment Rules 2020 The MCA has informed the Companies (Indian Accounting Standards) Rules on Amendment, 2020. The Rule and law amend the Companies Regulations (Indian Accounting Standards), 2015. Amendments to the following IndAS have been notified so far On 24 July 2020, MCA issued the …
New Online filing eForm DIR-3 eKYC Directors Documents Required, Form Filing, and Due Date for DIR-3 KYC Term KYC stands for “Know Your Customer.” It is a procedure used by all banks, financial institutions, and other agencies to verify their clients’ identities by validating personal information such as their phone number, email address, PAN, and …
Know your customer (alternatively, know your client or ‘KYC’) is the process of a business identifying and verifying the identity of its clients. When is required to File e-Form DIR 3 KYC? According to Ministry of Corporate Affairs Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014, the below person needs to file …
REQUIRED CONDITIONS OF A FOREIGN COMPANY OPEN A BRANCH OFFICE IN INDIA, The name of the Indian Branch office shall be the same as the parent company. The Branch office does not have any ownership, it is just an extension of the exiting company in a foreign country. All the expenses of the BRANCH office …
Due Date for Annual Return of Company All companies registered in India must file an annual return each year, irrespective of business turnover or activity. The annual return must be filed in Form MGT-7 and Form AOC-4 is also filed along with the annual return. In this article, we look at the due date for …
OVERVIEW DISQUALIFICATION & REMOVAL OF DIRECTOR A director is a person who leads to a certain area of the company, program, or project companies. the director usually reports directly to the vice president or corporate officer in the organization. They are appointed by a shareholder to manage the affairs of the company. board of directors …
REPORTING OF FORM FC-TRS TO RBI RBI Circular No. 40 dated 1st February 2016; RBI has made it mandatory to report any transactions and filing of forms online in respect of issue and transfer of shares from an Indian Entity to outside India. What is RBI Compliance under FORM-FC-TRS? Foreign currency transfer is the absolute …
ROC Proposes a change in process of obtaining fresh DIN MCA proposes a change in process of obtaining a fresh Director Identification Number Each individual who is a Director Identification number Director of a Company or a Partner of a limited liability partnership shall have a validated Director Identification Number (DIN) or a Designated Partner …
Mandatory Private Ltd Co. Common Compliance’s Ensure A private limited company is held for small-run businesses. It has a perpetual succession the liability of the members is limited by the number of shares held by the members. Name of the private company end with the words private limited. REQUIREMENTS OF PRIVATE LIMITED COMPANY REGISTRATION Minimum …
CORPORATE AND PROFESSIONAL UPDATE August 26, 2017 Direct Tax: Delhi ITAT upholds assessee’s Resale Price Method (RPM) over TPO’s TNMM for AYs 2003-04 to 2005-06 for benchmarking purchases of finished goods from AE for resale, holds that RPM is most appropriate method absent any value addition by assessee[TS-661-ITAT-2017(DEL) -TP] The income tax department is …