A Non-Banking Financial Institution (NBFC) is a financial institution that offers consumers a variety of banking and non-banking services. The Reserve Bank of India (RBI) supervises and regulates NBFCs in India. Any company cannot start a Non-Banking Financial Company without first obtaining a Certificate of Registration from the RBI. The entire NBFC Registration procedure, from…
Finalizing your books of accounts entails making sure they have been accurately updated and finalized. There is no chance for account modifications. However, you must first make sure that your books of accounts are accurately completed, with all compliances compiled and you in control of the income tax and GST authorities. The finalization of your…
Apart from the financial reward, a career as a Company Secretary also brings a high level of job satisfaction. Whether the company is in the public or private sector or an NGO, the Company Secretary is an essential member of the management team. The Company Secretary (CS) is a key manager of the company. He…
Corporate Social Responsibility (CSR) refers to the ethical practices and obligations that companies have towards society and the environment. The concept of CSR has gained widespread acceptance in recent years, and many businesses have incorporated it into their operations. The purpose of this article is to discuss the applicability and implementation of CSR in modern…
The auditor plays an important role in the management and administration of the company. It acts as a watchdog of the members who report to them in their Audit Report the status and irregularities in the management of the company’s affairs so that the members can take judicious action in these respects. The auditor ensures…
The Ministry of Corporate Affairs (MCA) has introduced Version 3 of its portal, which comes with several new features and enhancements. One of the significant changes in the new portal is the requirement for all users to upgrade their User IDs to access the services available on the portal. In this article, we will guide…
Any Director of a Company, a Designated Partner of an LLP, or a Professional like a Chartered Accountant or Company Secretary should compulsorily register DSC on the MCA portal to file forms. In case of non-registration a DSC on the MCA portal the person will not be able to file any forms. As a director…
Auditing is an important function for any company that wants to operate within the ambit of law. Auditors help to ensure that company operations are in compliance to applicable laws and regulations, and also identifies potential risks, and recommend corrective actions if necessary. Illegal use of digital technology to commit fraud or other illegal activities…
As of February 2023, there are various legal obligations in India that individuals and businesses must be aware of to avoid potential legal consequences. In this article, we will discuss some of the important Legal Obligations & updates in India for February 2023. Table of Content February 2023 Legal Obligations February 2023 Legal Obligations: Goods…
The Company Secretary is an essential component of the Company and he/she must diligently fulfill his duties. He must ensure that all business activities adhere to all legal standards in addition to acting as a legal mentor; otherwise, he may be dismissed for dishonesty or breaching the company’s legal rights and held liable for wrongdoing….