E-Form DIR-3KYC – Annual Filing
- By: Prakul Thadi
- shell companies
- Apr 16
- Comments (0)
E-Form DIR-3KYC – Annual Filing The Ministry of Corporate Affairs introduced the e-Form DIR-3KYC whereby “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial
Read MoreSIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA
- By: Harshad Surve
- Significant Beneficial Owners
- Mar 12
- Comments (0)
SIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA [sg_popup id=”347″ event=”hover”][/sg_popup] The Ministry of Corporate Affairs (MCA) notified rules for determining Significant Beneficial Ownership in a Company with an aim to tackle shell companies and eliminate the same. This is not an initiative from the MCA, but globally this was felt as
Read MoreSECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017:
- By: Ranjitha Jain Dhanakeerthi
- Section 185
- Feb 11
- Comments (0)
SECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017: BACKGROUND As we are already aware, Government of India enacted Companies (Amendment) Act, 2017 (“Amendment Act”) on the suggestions made by Company Law Committee (CLC) and notified the same in the official gazette on May 7, 2018 to
Read MoreMCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013
- By: Prakul Thadi
- MCA
- Dec 20
- Comments (0)
MCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs (MCA), vide its notification dated December 18, 2018, issued the Companies (Incorporation) Fourth Amendment Rules, 2018 to insert the following three Rules: Rule 23A – Declaration at the time of commencement of business
Read MorePRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS
- By: Harshad Surve
- SEBI
- Dec 19
- Comments (0)
PRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS The two concepts of private placement and preferential allotment seem to be similar and we end up landing in confusion. Companies fulfil their funding requirements through various ways, it may be through raising of fund by way of loans or it may opt for issue of equity shares,
Read MoreNFRA: AUDIT SUPER REGULATOR – A QUICK GLANCE THROUGH THE RULES
- By: Prakul Thadi
- NFRA
- Nov 17
- Comments (0)
NFRA: AUDIT SUPER REGULATOR – A QUICK GLANCE THROUGH THE RULES Here ends the wait of 5 long years which kept the entire corporate world, in general and the audit firms, in particular anxious and curious. National Financial Reporting NFRA (NFRA) is constituted with effect from October 1, 2018 and sub-sections (2), (4), (5), (10),
Read More10 IMPORTANT AMENDMENTS – COMPANIES AMENDMENT (ORDINANCE), 2018
- By: Prakul Thadi
- Companies Act
- Nov 3
- Comments (0)
10 IMPORTANT AMENDMENTS – COMPANIES AMENDMENT (ORDINANCE), 2018 The President of India had, on November 2, 2018, given his assent to the promulgation of the Companies (Amendment) Ordinance, 2018 (“Ordinance”) as the Parliament is not in session. The following are the 10 important amendments made by the Ordinance:1. Re-introduction of declaration of commencement of business
Read More