Is the Executive Director provide Professional Consultancy Services to Company? An Executive Director can indeed provide consultancy or professional services to the company, While an Executive Director can provide consultancy services, it must be managed with transparency, appropriate oversight, and compliance with legal requirements to avoid conflicts of interest and maintain the company’s integrity. Ensuring …
CSR EXPENDITURE BY CORPORATES FOR FY 2021-22 Companies that are subject to CSR provisions are required to spend at least two percent (2%) of their average net profits made during the three (3) immediately preceding financial years on CSR activities as specified in Schedule VII of the Act and in accordance with the Company’s CSR …
Brief history: The MCA had previously issue the Companies (Registration Offices and Fees) Rules. 2014 (“the Companies Rules, 2014”) by the Notification No. G.S.R. 268(E) dated 31, March 2014, in order to prescribe certain rules relating to fees & forms for registration under Companies Act, 2013. New Notification on applicable revised fee: MCA revised additional …
Procedure for Issue of Bonus shares under Companies Act BONUS SHARES MEANING Bonus Shares are additional shares issued by a firm with a share capital to its current shareholders without receiving any payment from those shareholders. Existing shareholders are offered free additional shares in proportion to their current holdings. The basic principle behind a bonus …
MCA launching Company Forms on MCA21 V3 portal In our continuous endeavour to serve you better, the MCA is launching first set of Company Forms on MCA21 V3 portal. These forms will be launched on 31st Aug 2022 at 12:00 AM. Following forms will be rolled-out in this phase: DIR3-KYC Web, DIR3-KYC Eform, DPT-3, DPT-4, …