There are several compliances in Companies Act 2013 which are required to be complied time to time. Among those, online returns are to be filed through prescribed Eforms through www.mca.gov portal. Some important Eforms with due dates along with their legal provisions have been given hereunder which are to be filed within due dates otherwise […]
Deposits by Companies in India under Companies Act 2013
Generally a Company in India can take fund from its shareholders in the form of share capital by issuing shares and borrow from its Directors and Financial institutions as loan to run its business. However any other receipts as described below are not permitted except after complying certain provisions of Companies act 2013 and Deposit […]
FORMAT OF STK 3, STK AND RESOLUTIONS FOR STRIKE OFF
Form No. STK – 3 INDEMNITY BOND [Pursuant to clause (i) of sub-rule (3) of rule 4 of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016] To The Registrar of Companies, We, the directors of M/S. _______________________Private Limited, incorporated on ____________ under the Companies Act, 1956/2013, having its Registered […]
STRIKE OFF OF COMPANIES ,COMPANIES ACT 2013
STRIKE OFF of Companies / DISSOLUTION of Company- (Provisions : Section 248, 249, 250, 251 and 252 of Companies Act, 2013 (Chapter XVIII) replacing Section 560 (Form FTE) of erstwhile Companies Act, 1956.) Ways of Stinking off of Companies By Registrar of Companies on suo-motto By Application of Company for removal of name/ Strike off […]
Applicability of section 197 and Rule 5(2) on private companies
Applicability of section 197 on private companies Section 197 of the Companies Act applies on public companies and listed companies. See the opening lines : Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits. 1. The total managerial remuneration payable by a public company, to its directors, including managing […]
DISCLOSURE OF CASH TRANSACTIONS OF SBNs DURING DEMONETISATION
DISCLOSURE OF CASH TRANSACTIONS OF SBNs DURING DEMONETISATION According to the notification of Ministry of Corporate Affairs dated 30th March, 2017, Every company has to disclose the cash receipts, payments and bank deposits in Rs 1000 and 500 currency notes( Specified Bank Notes i.e. SBNs) during the period between 08.11.2016 to 30.12.2016 in the prescribed […]
Distinction between a Company and a Corporation (i.e. Company vis-à-vis Body Corporate)
Distinction between a Company and a Corporation (i.e. Company vis-à-vis Body Corporate) Generally speaking, an association of persons incorporated according to the relevant law and clothed with legal personality separate from the persons constituting it is known as a corporation. The word ‘corporation’ or words ‘body corporate’ is/are both used in the Companies Act, 2013. […]
FORMAT OF NOTICE TO PAY RENT
Date : ______________ By Registered Post TO THE BOARD OF DIRECTORS XYZ SERVICES PRIVATE LIMITED ADREESS : ______________________________________________________ Kind attention: Mr. RAM and Mr. SHYAM, Directors of the Company Sub: Notice to Pay outstanding Rent for the Months of ______ 2017 and ____ 2017. Sir This to inform you that your Company has made my […]
Foreign Investment Promotion Board phased out by Govt.
Cabinet approves phasing out Foreign Investment Promotion Board The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to process applications for FDI requiring government approval. Henceforth, the work relating […]
LLP COMPLIANCES AND FEES
ROC Compliances at Rs 5,000/- all Inclusive for your LLP Following compliances are due for your LLP for Financial Year ended 31st March 2017. 1. Annual Return of Limited Liability Partnership (Form 11) to be filed before 30th May 2017 2. Income Tax return to be filed before 31st July 2017 (for Tax Audit cases […]