Foreign Exchange Management Act, 1999 (‘FEMA’) is one of the key Indian legislations brought into force with the objective of facilitating external trade and payments and promoting the orderly development and maintenance of the foreign exchange market in India. For…
FAQs on the appointment of Auditor under the Companies Act, 2013 (Government & Other than Government Company) First Auditors: When do I appoint the first Auditor of the Company and how? Type of Company Appointment by C&AG Appointment by Board…
Ministry of Corporate Affairs (MCA) issued a Notification dated December 26, 2016, notifying Section 248 to 252 of the Companies Act, 2013 (Chapter XVIII). This chapter deals with the Removal of Names of Companies from the Register of Companies. Section 560 of the erstwhile…
DIN means 8 numeric digit identification number which the central government may allot to any individual, intending to be appointed as a director or to any existing directors of a company, for the purpose of his identification. Any person intending…
A Director of a company can resign from the board of the company at any point of time provided the provisions given below shall comply while resigning from the Board of the Company. Director shall give notice in writing to…
Every Company shall have a Board of Directors consisting of Individuals as Directors. An Individual can be appointed to the Board of a company to manage day to day business of the company. Appointment of a director is to be…
The process for changing in name of a company is much simple than the change in the name of an individual. A Company can change its name at any point of time by complying with the provisions given under section…
For Private Companies What is deposit? Any receipt of money by way of deposit or loan or any other form, by a company, but does not include some receipts as specified under the definition of deposit as given under rule…
What is GST? The PM, Narendra Modi said, “Good and Simple Tax” & “A way of doing Business” GST “Tax on supply of goods and services” In the GST regime, 17 taxes have been subsumed which were earlier levied by central, state,…
What is Annual Return? Annual Return setting out the registered details of the company like name, registered office, address, business activities, details of directors, details of members, meetings of members, remuneration of directors or KMP, or all other stakeholders of…