Table of Content Circumstances Under Which a can become Director Disqualified Make it How to Remove Director Disqualification A Director is person who is under pressure to perform certain functions on behalf of Company’s shareholders for the proper functioning and taking the Company toward growth. The Companies Act, 2013 has certain special provision which deals…
The Reserve Bank of India has introduced a new reporting form of foreign transactions vide its RBI/2017-18/194 dated A.P (DIR Series) Circular No.30 June 07, 2018 wherein they have integrated all the existing forms into one single structure known as Single Master Form which were earlier reported in the e-biz portal which was later discontinued…
Table of Content SECTION 61 Procedure for Increase of Share Capital In a general context an authorized Share Capital means the maximum amount of share capital which a Company can allocate to its shareholders during its life as authorized by its constitutional documents. It can be altered with the permission of the Members of the…
Table of Content Executive Summary Appointment of First Auditor Process of Appointment of First Auditor by BOD along with the Forms to be filed Appointment of Auditor in General Meeting SECTION – 141 (ELIGIBILITY, QUALIFICATIONS AND DISQUALIFICATIONS OF AUDITORS Process of Appointment of Auditor in General Meeting along with the Forms to be filed Companies…
Table of Content Legal Provision for Commencement of Business Attachments of the e-form Additional fee (in case the form is not filed within the time) The Companies which are registered after the commencement of the Companies (Amendment) Ordinance, 2018 in India and is having a share capital shall file a declaration for the commencement of…
Table of Content Why it is necessary to obtain? Authorities that are certifying for Digital Signature Certificate (DSC) Classes of Digital Signature Certificate (DSC) How can one apply for Digital Signature Certificate (DSC)? Fulfilling statutory compliances A Digital Signature Certificate is a secure digital key that is issued by the certifying authorities for the purpose…
Table of Content Provisions as per Corporate Law As per Section 66 of the Companies Act, 2013 as defined below Modes of Reduction Benefits of Reduction of Share Capital Procedure for Capital Reduction Checklist of Document Required The Companies majorly adopt the Reduction of share capital for their internal restructuring or for altering their capital…
Table of Content Brief description Actions points required to be taken after receiving a fresh Certificate Incorporation A Company being a legal entity have its own name which in order to establish its independent corporate existence which serves as symbol of being easily identifiable from others. An existing Company can change its name thereby alerting…
Indian Government announced another regulatory relief for the companies registered in India. The government has introduced a fresh scheme i.e. Companies Fresh Start Scheme, 2020 to make a fresh start on a clean slate. Under this scheme, corporate of India can file their pending documents such as Annual Return and Financial Statements without paying higher…
In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the following measures have been implemented by the Ministry of Corporate Affairs to reduce their compliance burden and other risks: