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RoC Imposed penalty for delay in appointing whole time Company Secretary of whopping INR 21 Lacs
M/s First Data (India) Private Limited (“The Company”) filed a suo-moto application for adjudication of violation of the provisions of Section 203 of the Companies Act, 2013.
By CA. Kavit Vijay
Last update on November 21,2023
All about Incorporation of Non Profit Companies (Section 8 Companies) in India
Section 8 companies, i.e., Non-profit organisations (NPO) is quite a famous concept. As the name itself depicts, companies incorporated without any profit motive but are formed with the motive of promotion of arts, environment, sports, science etc. are incorporated under Section 8 of Companies Act.
By CA. Kavit Vijay
Last update on October 10,2023
AGM or EGM via Video Conferencing(VC) or other Audio Visual Means (OAVM)
Companies Act does not have any specific provisions related to holding shareholders’ meetings through video conferencing or audio visual mode. During COVID-19, MCA allowed holding of AGM or EGM through video conferencing of other audio visual means through Circular No. 14/2020 dated 8th April, 2020 and Circular No. 20/2020 dated 5th May, 2020.
By CA. Kavit Vijay
Last update on September 26,2023
Filing Reconciliation of Share Capital Audit Report in PAS-6 by Unlisted Public Companies
Government has mandated such provisions of dematerialisation for unlisted public companies as well vide notification dated 10th September, 2018 through insertion of Rule 9A to Companies (Prospectus and Allotment of Securities) Rules, 2014.
By CA. Kavit Vijay
Last update on September 19,2023
Special Purpose Acquisition Companies (SPACS) and Outlook in India
Concept of Special Purchase Acquisition Companies (SPACs) is not new. This concept has existed for the last 3 Decades. However, this method of funds raising has gain popularity since the advent of COVID-19 pandemic.
By CA. Kavit Vijay
Last update on September 12,2023
What All Formalities Are Required To Be Completed By A Company Post Incorporation
Often, we hear about a new unicorn making a turnover in millions and contributing to the growth of our country. With the help of overseas funding and IPOs, many businesses have started adopting a company structure. A company right from its incorporation till its winding up has to adhere to the provisions of all applicable laws of Country be it Company law or Income Tax laws or Goods and Service Tax law, etc. Therefore, it becomes essential that business operators must know essential formalities which are to be completed by a company.
By CA. Kavit Vijay
Last update on August 29,2023
Guide to Filing Form LLP-II
Filing of Form LLP-II has become completely online and simple with the introduction of Single Master Form (“SMF”). SFM was introduced with an objective to integrate the reporting structure of various types of Foreign Investment in India.
By CA. Kavit Vijay
Last update on August 8,2023
Investigation under PMLA
Hearing the term ‘search’ or ‘investigation’ brings people in a terrified state. In India, various laws have different rules and regulations pertaining to search or investigation such as Income tax law, Good and Service Law etc.
By CA. Kavit Vijay
Last update on July 18,2023
Bonus Shares- Benefits, Conditions and Procedure
Bonus shares increase the investments of a shareholder automatically without paying any cost. Therefore, Cost per unit of shares decreases and it results in higher profits.
By CA. Kavit Vijay
Last update on July 7,2023
Change in Registered Office of Company| Compliance under Companies Act, 2013
If new registered office is situated outside the city, village or town, then as per Section 12(5) of Companies Act, 2013, the company is required to obtain prior approval of shareholder. Accordingly, the company has to make following compliances.
By CA. Kavit Vijay
Last update on June 26,2023