Abhishek Pandey

MSME

Definitions of Micro, Small & Medium Enterprises In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes: Manufacturing Enterprises-he enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to […]

Abhishek Pandey

XBRL

XBRL The MCA (Ministry of Corporate Affairs) has issued circulars mandating certain companies to file their financial statements from the year 2010-11 using an XBRL (eXtensible Business Reporting Language) format. These circulars mark an important step in ensuring XBRL compliance for financial statements and related information filed by Indian companies and are part of a […]

Abhishek Pandey

SICA

Corporate insolvency(SICA): When a company becomes unable to pay its debt or any financial liability/obligation when it becomes due to pay, such situation is called corporate insolvency.  Corporate insolvency deals with the insolvency of companies which are registered under the Companies Act and not the individual. Difference between insolvency and bankruptcy Insolvency is when an […]

Abhishek Pandey

Copyright Online filing

Instruction for Filing copyright registration form Online: Enter your valid User ID and Password to login. Click onto NewUser Registration, if you have not yet registered. Note down User ID and Password for future use. After login, click on to link “Click for online Copyright Registration”. The online “Copyright Registration Form” is to be filled […]

Abhishek Pandey

Change of auditor and FORM ADT-3

Change of auditor According to sub Section 89(1) of Section 139   of the Companies Act 2013,  auditor can be changed in following three ways:  its shareholders does not ratify the existing auditors in the Annual General Meeting of the companies then, Board of directors may appoint another auditor  by holding a board meeting  within […]