KEY POINTS ON ANNUAL FILINGS TO ROC – MGT-14 for Approval of Accounts & draft board report a. Pvt Co. – Not Required b. Public Co. – Required New forms AOC-4 (earlier 23AC/23ACA) and MGT-7 (earlier 20B) are introduced for annual filings. Board Report shall include various disclosures as per sec 134 & other section …
POLICIES, PROCEDURE AND LEGAL FRAMEWORK – FOR FOREIGN DIRECT INVESTMENT IN INDIA India is one of the fastest growing economies since last few years and witnessed a large amount of foreign investment in various sector. The government has formulated its Policy aiming towards attracting more and more funds considering the domestic business concerns simultaneously. This article …
STEPS AND PROCEDURE UNDER SERVICE TAX REGISTRATION Every person liable to pay service tax is required to register himself by making an application to SCE as per section 69. The service provider before registering himself shall ensure that he has crossed the exemption limit of registration for the small service provider which is Rs. 10 …
PROVISION RELATING TO APPOINTMENT OF KEY MANAGERIAL PERSONNEL- LAW AND PROCEDURE UNDER THE COMPANIES ACT 2013 1. Appointment of Key Managerial Personnel : As per Section 203 (1) read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, every listed company and every other public company having a paid-up share capital of ten crore rupees …
FEDERAL OR UNITARY/CHARACTERISTICS OF INDIAN CONSTITUTION It has been the matter of debate among the scholars that whether the constitution of India is completely federal or unitary in nature. But actually Indian constitution contains both features of a federal constitution and unitary constitution. But for the very clear picture of this conclusion first of all …
CAPITAL GAINS TAX RELIEF ON GOLD BONDS IS EXPECTED TO BE TAKEN UP IN THE NEXT BUDGET Capital gains tax relief on gold bonds is expected to be taken up in the next budget. CBEC has made Custom Duty Free Allowance to Rs.45000 for passengers of Indian origin and foreigners of over 10 year of …
What are the Annual Filling Under Company Act Following forms to be filed with ROC: MGT-14 (For approval of financial Accounts and Board’s Report) AD T -1 (For appointment of Auditor) AOC-4 or AOC- 4 XBRL (For filing of Notice, Directors’ Report and Financial Statement) MGT-7 (For Annual Return) 1. Form MGT-14: (Need to file …
HOW TO PREPARE ANNUAL RETURN AS PER COMPANIES ACT, 2013 (MGT-7) A. INTRODUCTION: Section 159,160,161,162 & Schedule V deals with the Annual Return & related Provisions under Companies Act, 1956. But in Companies Act, 2013 all these Sections are combined together in one Section namely – 92. Annual return is a yearly statement, required to …
CHARTER DOCUMENTS FOR A CORPORATE ENTITY COMPANY SECRETARIAL SERVICES IN NEW DELHI A Corporate entity is incorporated under the Companies Act, 1956 (Act) and is governed by the provisions of the Act. Notwithstanding the binding force of the Act, every corporate entity being a private limited company, public limited company or the recently introduced Limited Liability …
CORPORATE UPDATES ON SEBI, DVAT, MCA, SEZ, DGFT A. Bombay Stock Exchange (BSE) BSE has changed the head of Payment of SEBI Turnover Fees of Equity Segment/Equity Derivative/Currency Derivatives Segment/Interest Rate Derivatives/New Debt Segment. Trading members of the Exchange are hereby informed that the SEBI Turnover fee for the month ended will be debited to their respective …