✅ MCA has mandated private cos. (which are not Small Cos.) to issue securities (not just ‘shares’) only in demat form and facilitate demat process for all its securities. ✅ Presently, said provisions are applicable to unlisted public companies. ✅ Now, the said provision is applicable to cos. other than Small Cos., which includes: Foreign …
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MCA proposed to do away with Statutory Audit as per the Companies Act 2013 for small companies As per news updates, the Ministry of Corporate Affairs (MCA) might do away with Statutory Audit as per the Companies Act 2013 for small companies. This decision has been taken in line with the ease of doing business. …
The government is set to announce a 50% cut in penalties for nearly a dozen offences by startups incorporated as limited liability partnerships (LLPs), an official aware of the development said. The offences include non-compliance relating to requirements of filing statutory documents and returns, appointing a designated partner responsible for all compliances and having at …
CENTRE TO SLASH PENALTIES FOR STARTUPS SET UP AS LLPS Read More »
In order to bring in greater transparency in reporting of financial statements, the Ministry of Corporate Affairs (MCA) vide notification dated 24.03.2021 has amended the Schedule III to the Companies Act, 2013 effective from 01st April, 2021 to mandate various disclosures by companies in their financial statements. This was stated by Union Minister of State …
MCA amends Schedule III of Companies Act on disclosure norms in financial statements Read More »
Dear Company Owners / Directors, Following are few provisions of The Companies Act 2013 which have been made applicable with effect from 01.04.2021 for companies whose financial statements are required to comply with the Accounting Standards and such financial statements should include these disclosures for the year ending 31.03.2022. This is to be noted that …
Schedule III of the Companies Act 2013 contains the general instructions for preparation of Balance Sheet and Statement of Profit and Loss of a Company. Following are the changes made in the financials/ notes to accounts on account of amendments in Schedule III brought about by MCA: Now companies have to round off the figures …
Brief synopsis of Amendment made by MCA effective from 1st April 2021 Read More »
Mandatory compliances of Private Limited Company: Company Name Board- Every Company shall paint or affix the name and address of registered office and keep the same painted/affixed, outside every office or place in which its business is carried on, in legible letters. Letter Head of Company- Every Company shall get its name, address of registered …
Mandatory compliances of Private Limited Company: Read More »
IS IT MANDATORY TO SIGN FIANCIALS BY AUDITORS BEFORE 06.09.2019 IS IT MANDATORY TO SIGN FINANCIALS BY AUDITORS BEFORE 06.09.2019? This Editorial is updated till 30th August, 2019. There is confusion in mind of professionals and corporate in respect of date of signing of financial statement of Companies for F.y. ended 31.03.2019. Question: Whether auditor …
IS IT MANDATORY TO SIGN FIANCIALS BY AUDITORS BEFORE 06.09.2019 Read More »
FRAMEWORK FOR ISSUANCE OF DIFFERENTIAL VOTING RIGHTS (DVR) SHARES SEBI has held a Board Meeting on 27th June 2019 and discuss on following- I. Framework for Issuance of Differential Voting Rights (DVR) Shares II. Amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – payment relating to royalty and brand usage III. Disclosure of …
FRAMEWORK FOR ISSUANCE OF DIFFERENTIAL VOTING RIGHTS (DVR) SHARES Read More »
