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 …
Key Managerial Personnel Under the Companies Act, 2013: Roles, Appointment, Compliance and Remuneration The success of any company depends significantly on its leadership team. Under the Companies Act, 2013, certain top-level executives are designated as Key Managerial Personnel (KMP) and are entrusted with managing the affairs, strategy, compliance, and governance of the organization. Sections …
India Compliance Diary (November 2026 – January 2027) Businesses operating in India are required to comply with a wide range of statutory obligations covering Income Tax, GST, Corporate Laws, Labour Laws, RBI regulations, and other regulatory requirements throughout the financial year. As we enter November 2026, several important compliance deadlines are scheduled that demand timely …
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 …
Inverted Duty Refunds Expanded to Include Input Services from 1 Nov 2026 In a significant relief for taxpayers operating under an inverted duty structure, the Central Board of Indirect Taxes and Customs has notified amendments to the GST refund mechanism whereby Input Tax Credit attributable to input services will now be eligible for refund under …
E-Invoicing Extended to Reverse Charge Purchases and Import of Services from 1 January 2027 In a major GST compliance change, the government has issued Notification No. 04/2026-Central Tax dated 26 October 2026, extending the applicability of e-invoicing to certain inward supplies liable to the Reverse Charge Mechanism & imports of services with effect from 1 …
Major Relief for Taxpayers: No Notices Below INR 10,000 & Halt on Arrests GST Relief Measures: Major Relief for Taxpayers as GST Council Recommends No Notices Below INR 10,000 & Halt on Arrests In a significant taxpayer-friendly move, the 57th GST Council has recommended that GST demand notices shall not be issued where the tax …
New GST Advisory 2026: E-Invoicing Introduced for RCM Self-Invoices The GST Network, based on the recommendations of the GST Council in its 57th Meeting, has announced a significant enhancement to the e-Invoicing framework. Registered taxpayers with an Aggregate Annual Turnover of INR 5 crore or more will now be able to generate Invoice Reference Numbers …
One Deadline Relaxed, Another Tightened: Four Key IBBI Circulars Every Insolvency Professional Must Know The Insolvency and Bankruptcy Board of India (IBBI) has issued a series of important circulars in September 2026 that significantly impact insolvency professionals, lenders, liquidators, and personal guarantors. While one compliance deadline has been extended, another has become more stringent with …