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Choosing the correct company name would be important, provided its potential to shape the success of the company. In India, Chapter II- The Companies (Incorporation) Rules, 2014 have been implemented by the Ministry of Corporate Affairs (MCA), which prohibits certain names for businesses. This article provides an in-depth analysis of the MCA Restricted Words for […]
What is ADT-1 e-Form? Before the new companies act 2013, an auditor has to inform about his appointment by filling out form 23B within 30 days of receiving the appointment letter. But Sec(1) of the companies act 2013 clearly states companies are responsible to inform the registrar of companies about the appointment of a new […]
Short Brief About Spice+ Form In addition to being an integrated web form, SPICe+ is an advanced version of the previous SPICe form (i.e. e-form INC-32). SPICe plus is one of the initiatives taken by the Government of India in support of Ease of Doing Business (EODB). SPICe+ referred as “Simplified Proforma for Incorporating Company […]
What is the Simple Meaning of LLP Form 8? (Statementof Accounts and Solvency)? LLP Form 8 is a compulsory form which is filed annually by the LLP to ROC. This form is for Statement of Accounts and Solvency. It contains a declaration of solvency by the designated partners as well as a description of the […]
The LLP Form 11 Annual Return is mandatory for Limited Liability Partnerships (LLP) registered under the LLP Act, 2008 in India. All LLPs are required to file the particular form every year, regardless of turnover or profit. Therefore, even LLPs without any activity must file this form or pay a penalty of Rs.100 for each […]
The purpose of a Director’s Report is to explain to shareholders the business and affairs of a company and its subsidiaries as well as the scope of the company’s operations. Based on the signing of financial statements, the Report shall be prepared. In this report, the Company will discuss its affairs and what steps it […]
LLP Amendment Act, 2021 has drawn various amendments to LLP act, 2008, and is executed for the first time. These changes would be made to draw the provisions of LLP act 2008 in the line with that of the companies act 2013. The same would be targeted to promote the ease of conducting the imitative […]
XBRL, short for eXtensible Business Reporting Language, is a significant advancement in the realm of financial reporting. It serves as a standardized language designed to streamline the exchange and analysis of business information. This article aims to delve into the complexity of XBRL, elucidating its functionalities and its pivotal role in modern accountingpractices. MCA XBRL […]
The Companies Act 2013 requires all companies established under this act, as well as those formed under previous acts, and all LLPs under the Limited Liability Partnership Act,2008, to file annual returns. E-filing with the MCA/ROC can occur annually or in response to specific events. Companies must inform the Registrar of Companies (ROC) about any […]