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The Ministry of Corporate Affairs (MCA) has announced that, over the last three financial years, a total of 40,949 companies have been removed from the corporate registry under the Companies Act, 2013. This initiative aims to eliminate non-operational and shell entities, thereby enhancing the integrity of the corporate landscape. Minister of State Shri Harsh Malhotra, […]
The Ministry of Corporate Affairs (MCA) has imposed fines on Nandaka Information Services Private Limited and its leaders because they did not keep a registered office as required by law. This is in line with Section 12 of the Companies Act, 2013, which states that companies must have an official office address. The Registrar of Companies […]
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 under the Companies Act 2013 or previous acts are required to furnish the yearly return through the Ministry of Corporate Affairs. The forms to furnish the yearly return are prescribed under sections 137 and 92, respectively, of the Companies Act 2013. Annual Filing AOC-4, AOC-4 XBRL, AOC-4CFS & AOC-4 NBFC Forms […]
The MCA department has notified new rules namely Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 whereby the department has clarified some of the provisions and also provided a revised format of CSR Annexure. The new rules have initiated new prerequisites like impact assessment of CSR contribution, the involvement of International Organisations for the purpose […]
