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Loans or Deposits from Members or shareholders| Companies Act, 2013- Part-1
Others
CA. Kavit Vijay

Loans or Deposits from Members or Shareholders | Companies Act, 2013- Part-1

Companies are always in need of funds and it keeps on looking for various sources of funds such as share capital, Loans from banks or Financial institutions, loans from other persons etc. Issuance of shares involves a lot of compliances and it compromises shareholding as well. Similarly, loans from banks and NBFC is subject to detailed compliances, availability of mortgage or security and timely payment of interest and principal amount. Therefore, companies prefer acceptance of loans from other persons.

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Disqualification of director- Conditions, Consequences & Revival
Company Law
CA. Kavit Vijay

Disqualification of director- Conditions, Consequences & Revival

In this article, we have analyzed the provisions related to disqualification like conditions of disqualification, consequences, how to restore the same etc. So, if you are also a director of any company, then this piece of write-up will help you know what disqualifications can restrict you to remain on board for another term or if you are a disqualified director, how you can revive your directorship.

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Mandatory to have Audit Trail feature in Accounting Software with effect from 1st April 2023
Audits
CA. Kavit Vijay

Mandatory to have Audit Trail feature in Accounting Software with effect from 1st April 2023

The audit trail is indeed a commendable step taken by the government to improvise transparency in accounting transactions. However, such an amendment has been implemented with the least clarification. Considering the impact, MCA is required to address various issues such as the definition of Audit Trail, Edit Logs, Class of companies on which such amendment is applicable, how to deal with data of earlier Financial years to be finalized after 01.04.2023, etc.

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ESOPs: Company Law Compliance
Company Law
CA. Kavit Vijay

ESOPs: Company Law Compliance

Employee stock option plan  (ESOPs) is an old method of rewarding hardworking employees of the company by giving them shareholding in the company at a nominal rate. ESOP strives for employees to work hard for the enhancement of the value of the company so that the value of their own investment can enhance. 

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All about Start-up India Scheme| Eligibility Criteria| Income Tax Exemptions
Others
CA. Kavit Vijay

All about Start-up India Scheme| Eligibility Criteria| Income Tax Exemptions

Registration under the start-up India scheme is a very common point of discussion and every newly incorporated company or entity always have multiple questions related to the startup India scheme such as who is eligible to recognize under the Startup India Scheme, what tax benefits are available, whether government provides any grant or subsidy or funding to such entities, whether any loans are provided at a discounted rate to such entities etc.

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