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: Compliances
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 […]
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 […]
Service Tax
What is Service Tax? Service tax refers to tax collected by the government of India from certain service providers for providing certain services. The person who pays service tax can be either a service provider or a service receiver or any other person who is responsible for providing certain services. Service tax is a kind […]