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Directors hold a central position in governing and managing companies in India, where they supervise, regulate, and guide various facets of a company’s functioning. This article delves into the diverse categories of directors, as outlined in the Companies Act, of 2013, and illuminates their multifaceted functions within an organization. Explanation About Directors The term “Directors” […]
Section 339 of the Companies Act 2013 is a critical law that deals with unfair business practices in India. Simple to Understand Section 339 of the Companies Act Section 339 of the Companies Act 2013 (hereinafter referred to as “the Act”) is a significant clause that addresses India’s unscrupulous business practices. Any shareholder, officer, or […]
Analysis of Section 448 Punishment for False Statement under Companies Act 2013 What is Section 448 of the Companies Act 2013? False statements that are made intentionally and purposefully about any firm, its records, or its activities are treated seriously in India as criminal offences. According to Section 448 of the Companies Act, 2013 this […]
Companies must take the required steps to maintain complaints within Section 338 of the Companies Act 2013 and routinely verify their accounting records. In 2014, the Companies Act 2013, which replaced the act of 1956 and provided an updated set of rules and regulations to regulate the functioning of companies in India, went into effect. […]
Recently the ministry of corporate affairs has rolled some important and major MCA amendments under the companies act 2013. Here in this post, we will entail all the relevant changes and amendments in 3 steps for a better understanding to all the tax experts. Check out the MCA amendments under the company act in the […]
All the firms enrolled beneath the companies act 2013 or previous acts are needed to furnish the financial and yearly return through the Ministry of Corporate Affairs. The forms to furnish the financials and yearly return are prescribed beneath section 137 and section 92 correspondingly of the companies act 2013. Annual Filing AOC-4, AOC-4 XBRL, […]
The Companies (CSR Policy) Amendment Rules 2021 has overhauled India’s Corporate Social responsibility (CSR) mechanism. The new rules have initiated new prerequisites like impact assessment of CSR contribution, the involvement of International Organisations for the purpose of CSR Projects in a limited manner, and so on. Concepts included within the domain of 2014 Rules, such […]
For the appointment of Cost Auditor in the company, Section 148 of the Companies Act 2013 read with the Cost (Records and Audit) Rules 2014 states the following: Each company referred in item (A) of rule 3, i.e., of Regulated sectors which have the total yearly turnover of INR 50 crores or more of the […]
The Ministry of Corporate Affairs (MCA) on Thursday released a notification and through it, MCA has made some modifications in Schedule VII of the companies act 2013 Check out the AGM due date for the newly registered company under the companies act 2013. Also, we have mentioned two conditions for easy understanding. Read More. The […]
