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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 […]
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 […]
Under the purview of the Companies Act 2013, the Annual General Meeting (AGM) holds significant importance in the governance and compliance structure of companies, especially for budding enterprises stepping into the realm of corporate operations. As per Section 96 and Secretarial Standards 2 issued under section 118(10) of the Companies Act 2013, every company other […]
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, […]
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” […]
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 […]
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 […]
The draft of the Maharashtra Goods and Services Tax (Amendment) Bill, 2025, has been approved by the Maharashtra Cabinet and will be tabled in the upcoming session of the state legislature. To draw the GST of the state in line with recent changes made by the Central Government to the Central Goods and Services Tax […]
The MCA has announced the Companies (Registration Offices and Fees) Amendment Rules, 2025, introducing several modifications to the GNL-1 form. With effect from 14th July 2025, the new amendments, issued through G.S.R. 360(E), will come into force and must be certified by a whole-time tax professional such as a Chartered Accountant (CA), Company Secretary (CS), […]
