SEBI (Securities and Exchange Board of India), decided during a board meeting held on 15 February 2022 to make it voluntary for the top 500 listed companies to separate the role of the chairperson of the Board and the chief executive officer (CEO) of the company. Before dealing with the Separation of Roles of Chairperson and…
If you are running your own business and want to dissolve it then, voluntary liquidation may be the best option. In business, sometimes things don’t work out as we plan. Sometimes, we need to cut our losses and start fresh. In India, bad debts keep on increasing. Further, among total bad debt corporate bad debt…
Director of a company is the manager and head of the company after the chairperson. According to Companies Act 2013, the director of a company or who wants to be a director in a company has to obtain the Director Identification Number (DIN). In this blog, we will discuss everything about Director Identification Number (DIN). Table…
All the companies (whether it is Private Companies, Public Companies, or Limited Liability Partnerships) that have received Foreign Direct Investment or made any foreign investment, have a compulsion to file FLA (Foreign Liabilities and Assets) returns. Foreign. FLA is an annual return. In this blog, we will talk about the Foreign Liabilities and Assets (FLA) Return. Table of…
The launch of Legal Entity Identifier (LEI) has been targeted to improve the quality and accuracy of financial data system for managing the risk in a better way post the evolvement of Global Financial Crisis. This enables to identify the party’s financial transactions worldwide. The Reserves Bank of India vides its notification bearing reference no….
All the business minds have inner desire to take their goods at international level. Their desire for the same is only fulfilled when such entity gets Importer-Exporter Code (IEC) number. This code number is a key business identification number of the business. In this blog we will talks about the documents for the IEC (Importer-Exporter…
Every business has a goal to make their product a global. No export or import is possible without IEC unless specifically exempted. An Importer -Exporter Code (IEC) is a main business identification number. It is mandatory number for export from India or Import to India. There is phase in business maybe closure of business, completion…
The Ministry of Corporate Affairs (MCA) has changed the laws that regulate Nidhi companies, making prior declaration essential for some entities before they begin taking deposits. Before taking deposits, public enterprises wishing to operate as Nidhi’s must acquire a prior declaration from the federal government. In this article we’ll talk about Nidhi Company Amendment Rules…
The Ministry of Corporate Affairs (MCA) has changed the law governing the strike-off of Limited Liability Partnerships (LLPs). Because the consequences for failing to file any statutory return are fairly severe, it is prudent for inactive LLPs to close their doors. They can avoid fines by filing applicable forms, and they won’t have to file…
Are you planning to start your own company? There are things that you need to file regularly to the government. What are these mandatory filings? How do you ensure that your business is run according to the guidelines of the government? How can you protect your business from audits? In this article, we will discuss…