September seems to be very crucial month for every Company. In the month of September, many compliances, especially compliances related to preparation and reporting of Financial Statements are due like Income Tax Return are to be filed, Financial statement and Directors report needs to be finalised, Annual General Meeting is to be conducted, ROC reporting [...]
Every Company after completion of its financial year is required to collect its financial figures and present them in the form of Financial Statements. These financial reports determine the performance of the Company in terms of its performance during the year and details of assets and liability to be captured under these reports. Every Company [...]
INTRODUCTION The Ministry of Corporate Affairs introduced Director KYC form in the year 2018. The intent behind this is to collect the latest data or updated the data of the DIN holders on annual basis. In this E-form every person who is holding a Valid Director Identification Number is required to file a KYC form [...]
Introduction In India, every organization irrespective of its nature of work does require the logistics services for transportation of its goods from one place to another. Here, every organization try to outsource this work to some transport logistics service provider, as it is not feasible or economical for an organization to have its own vehicle [...]
Every year, a company is required to compile its financial transaction incurred during the financial year and structure them. This structuring is in the Form of preparation of Balance Sheet and Profit and Loss account of the Company. Balance Sheet is a statement which shows the position of assets and liabilities of the Company on [...]
As the government is promoting ease of doing business in India, it has eased the process of Incorporation. However, to ensure the authenticity and proper transparency in the legal system, it has made mandatory for the companies incorporated in India to comply with certain time to time norms in order to keep themselves intact from [...]
Every Company incorporated under the Companies Act, 2013 is required to file BEN-2 reporting the details of the Significant Beneficial Owner. However, the following companies are exempt: Individual holding shares in his own name The Individual entitled for Beneficial Interest declares his interest under Section89(2) to the reporting Company IEPF Authority; Holding Reporting Company only [...]
Ministry of Corporate Affairs in order to check the actual holding in any Company has made certain major changes in the Companies Act, 2013, under this, all the entities except individual, holding shares in any company are required to disclosure the major holding of their entity to such company within the stipulated time period. For [...]
Every Indian Company which has received fund (in the form of shares or loan i.e. ECB’s External Commercial Borrowing) from outside India or which invested funds out India is required to file their details of foreign assets or liability to the Reserve Bank of India (RBI) on annual basis in the prescribed form named as [...]
Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019 APPLICABILITY Applicable to all Public Companies except - Nidhi Company - Government company and - Wholly Owned Subsidiary NATURE OF RETURN The return needs to be filed on half yearly basis i.e. 30th September and 31st March. NUMBER OF RETURN Above return to be filed [...]
