Roc fines INR 3.50 Lakh for Submitting Illegible BS via Form AOC-4 Introduction: In , The MCA via ROC Office in West Bengal issued an adjudication order U/s 454(3) of the Companies Act, 2013, Jointly with the Companies (Adjudication of Penalties) Rules, 2014 & 2019 Amendments. This order addressing the Non Compliance regarding filing of …
Registrar of Companies Impose Penalty of INR 20,00,000/- for Non-Appointment of CS. Under Section 203 of the Company Act of 2013, as amended by Roc Rule 8 Companies (Appointment and Remuneration of Managerial Personnel) Rule of 2014, requires certain types of companies to appoint key personnel like a Managing Director, Chief Executive Officer or Manager, …
Cost and work accountants, company secretaries, & Chartered accountants are now come under purview of PMLA. Cost and work accountants, company secretaries, and Chartered accountants who undertake financial transactions on behalf of their clients are now subject to the Prevention of Money Laundering Act. In accordance to the Ministry of Finance, the following activities by …
Element under the Prevention of Money Laundering Act Prevention of Money Laundering Act, 2002 is an act to prevent money laundering & to provide for confiscation of property derived from, or involved in, money-laundering & for matters connected therewith or incidental thereto. Salient features Prevention of Money Laundering Act Punishment for money-laundering. Powers of attachment …
Maintaining of the Statutory Registers & Records by the Company Statutory Books:- The term statutory register means the specified records related to a directors, companies shareholders & details of the meeting held. These are the additional records which are maintained by the company. Mostly companies keep their records and statutory records in a bound book …
Team ICAI enabling resolution of issues in relation to MCA21 Version 3 – issue 3 helplines The Institute of Chartered Accountants of India team has been enabling resolution of issues in relation to Ministry of Corporate Affairs – MCA21 Version 3. In this reference, in continuation to the support & helplines that have been set …
Due date of statutory Compliance Calendar Dec 2022 – Income Tax Dates Act Nature of Due date 7th Dec 22 Under Income Tax Deposit of Tax Deducted at Source / Tax collected at Source for the month of Nov 2022. But all sum deducted by an office of Govt shall be paid to credit of the …
Process of Conversion of Loan into Equity Share are possible under Companies Act. A company are allowed to go under conversion of the loan into equity in accordance to the loan agreement, where in the section of paying the process of the debt it was mentioned. Benefits of the conversion of the loan into Equity …
Compliance should follow Under Companies Act & SEBI Regulations. What exactly compliances means? There are some specific guidelines, rules, and regulations made in accordance with authorities or ministry of corporate affairs referred as compliance. After the origin of Companies’ Act 2013, the compliance procedure and the required details for the compliance are increased as compared …
ROC may physical verification of Registered office Of company. Registered Office is the primary location for the authorities to make any kind of correspondence. In the past times, it has been found that there have been instances where following malpractices have taken place at time of incorporation of Companies: A fictious address has been provided …