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 […]
Tag: Companies Act 2013
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 […]
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 […]
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 […]