COMPANY LAW

Partnership Deed Key Facts & Draft Format

THE INDIAN PARTNERSHIP ACT The Indian Partnership Act, 1932 (the Act”) was enacted in 1932 and came into force with effect from 01st October, 1932 except section 69 of the Act which was came into force w.e.f. 1st October, 1993. A “contract’ is essential for every Partnerships and the same is governed by the Indian …

Partnership Deed Key Facts & Draft Format Read More »

Partnership Deed Format

Partnership Deed Format Doc. and PDF

FORMAT OF DRAFT PARTNERSHIP DEED in India This Deed of Partnership is executed on this the ………day of ………, 20……. by and amongst:- AND WHEREAS the parties above named intend to carry on the business in partnership in the name and style of ………………………………(name of the firm) vide this Deed of Partnership. AND WHEREAS all …

Partnership Deed Format Doc. and PDF Read More »

ROC COMPLIANCE TRACKER

COMPLIANCE REQUIREMENT UNDER COMPANIES ACT, 2013 AND RULES MADE THERE UNDER November 2022 (Quick Referencer)

COMPLIANCE REQUIREMENT UNDER COMPANIES ACT, 2013 AND RULES MADE THERE UNDER;   Applicable Laws/Acts \   Due Dates   Compliance Particulars   Forms / Filing mode   Within 180 As per Section 10 A (Commencement of     Days From The Business) of the Companies Act, 2013,     Date Of inserted        vide                    the                    Companies …

COMPLIANCE REQUIREMENT UNDER COMPANIES ACT, 2013 AND RULES MADE THERE UNDER November 2022 (Quick Referencer) Read More »

MCA Portal 2: Sloganeering at the Registrar of Companies office

MCA portal has been a problem for 2 months, audit report, problem in depositing balance seat, CS’s anger erupted on the portal which has been troubled for a long time, a large number of registrars of companies are performing during the tenure, the company  Sitting outside the registrar’s room, the problems being raised in the …

MCA Portal 2: Sloganeering at the Registrar of Companies office Read More »

MCA for extension of time period for filing of financial statements

MCA Extension of time period for filing of financial statements for the FY ended 31.03.2022 without levying additional fee

ICSI Request MCA for extension of time period for filing of financial statements THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) October 21, 2022 MCA: 2022 Shri Tarun Bajaj, IAS Secretary Ministry of Corporate Affairs, Department …

MCA Extension of time period for filing of financial statements for the FY ended 31.03.2022 without levying additional fee Read More »

Sebi Clarification on Block Mechanism in Clients demat account

Securities and Exchange Board of India (SEBI) vide notification no. SEBI/HO/MIRSD/DoP/P/CIR/2022/143 dated 27th October, 2022 in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, and Section 19 of the Depositories Act, 1996, to protect the interests of investors in securities and to promote the development of, …

Sebi Clarification on Block Mechanism in Clients demat account Read More »

Several firms face filing hurdles post new rule introduced by MCA

A new rule introduced by the Ministry of Corporate Affairs (MCA) is forcing companies to reconcile their financial statements, creating challenges for many in filing the fiscal year 2022 accounts before the October 31 deadline. Under this rule, companies must file their financial statements for fiscal 2022 onwards with rounded-off values. Since the previous year’s numbers weren’t rounded off, auditors …

Several firms face filing hurdles post new rule introduced by MCA Read More »

OPC Annual Filing: Compliances & Due Dates

Define One Person Company: Sec 2(62) “One Person Company” means a company which has only one person as a member.  For OPC: Return Filing Provisions & AGM Section 137 of the Companies Act, 2013 One Person Company shall file a copy of the financial statements duly adopted by its member, along with all the documents …

OPC Annual Filing: Compliances & Due Dates Read More »

CORPORATE COMPLIANCE TRACKER

Compliance requirements for the Month of September, 2022

This article contains various Compliance requirements for the Month of September, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ compliance” Compliance …

Compliance requirements for the Month of September, 2022 Read More »

MANDATORY EVALUATION OF THE AUDIT QUALITY MATURITY OF THE FIRMS USING REVISED AUDIT QUALITY MATURITY MODEL

W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity Model Revised Version 1.0 (AQMM Rev v1.0): a) A listed entity; or (b) Bank other than co-operative bank (except multi-state co-operative banks); or …

MANDATORY EVALUATION OF THE AUDIT QUALITY MATURITY OF THE FIRMS USING REVISED AUDIT QUALITY MATURITY MODEL Read More »

MCA update on V3

MCA update on V3 – PArt 1 About MCA Version V3: MCA21 V3 Project is a technology-driven forward looking project, envisioned to strengthen enforcement, promote Ease of Doing Business, enhance user experience, facilitate, seamless integration and data exchange among Regulators. The project will have Micro-services architecture with high scalability and capabilities for advanced analytics. MCA21 …

MCA update on V3 Read More »

MCA Update- Amendment in Incorporation Rules,2014

Rule 25B to be read after 25A 25B. PHYSICAL VERIFICATION OF THE REGISTERED OFFICE OF THE COMPANY – BY ROC -ROC has to prepare Physical Verification Report of the Registered Office of the company in the given format. -Report to be filed by ROC-Need to attachPhotograph of the Registered Office of the company to his …

MCA Update- Amendment in Incorporation Rules,2014 Read More »

Announcement regarding Amendment in the Companies (Accounts) Rules, 2014 relating to availability of books of account maintained in electronic mode at all times and details of person in control, if service provider is located outside India

Important Announcement regarding Amendment Companies (Accounts) Rules, 2014 relating to availability of books of account and other relevant books

ANNOUNCEMENT– Sub:   Amendment in the Companies (Accounts) Rules, 2014 relating to availability of books of account and other relevant books and papers maintained in electronic mode at all times and also details of person in control, if service provider is located outside India. This is to inform you that the Ministry of Corporate Affairs vide …

Important Announcement regarding Amendment Companies (Accounts) Rules, 2014 relating to availability of books of account and other relevant books Read More »

MCA has issued FAQs V3 COMPANY FORMS (Director KYC, Charge & Deposit Forms)

FAQs V3 COMPANY FORMS (Director KYC, Charge & Deposit Forms) 1. Where should I file Company forms effective from 31st August 2022? Set 1 forms covering 9 forms are being migrated to V3 while remaining Company forms are still in the V2 portal. This phased migration is done to enable smooth transition of the portal. …

MCA has issued FAQs V3 COMPANY FORMS (Director KYC, Charge & Deposit Forms) Read More »

Central Government has announced Package for MSMESs Sector

The Central Government has announced Bailout Package for MSMESs Sector vide Press Release ID: 1846944 dated 01st August, 2022 and has operationalised Aatma Nirbhar Bharat Package for MSMEs to cope up with the COVID-19 crisis. The Ministry has operationalised Emergency Credit Line Guarantee Scheme (ECLGS), Credit Guarantee Scheme for Subordinate Debt (CGSSD) and Self Reliant …

Central Government has announced Package for MSMESs Sector Read More »

BI-5ace7291

BONUS ISSUE – TOOL OF CAPITAL RESTRUCTURING

BONUS ISSUE A company may, if its Articles provide, capitalize its profits by issuing fully- paid bonus shares. The issue of bonus shares by a company is a common feature. When a company is prosperous and accumulates large distributable profits, it converts these accumulated profits into capital and divides the capital among the existing members …

BONUS ISSUE – TOOL OF CAPITAL RESTRUCTURING Read More »

a group of people using laptops

AGM Extension: Draft Board Resolution

Draft Board Resolution for Extension of AGM EXTRACTS OF THE MINUTES OF THE  ………… (no. of meeting) MEETING OF THE BOARD OF THE DIRECTORS OF ……………………… LIMITED (THE COMPANY) HELD ON ………….DAY, ……………(date) AT …………(time) AM/PM AT THE REGISTERED OF THE COMPANY AT …………………………… The Chairman informed the Board that as our company having (mention …

AGM Extension: Draft Board Resolution Read More »

SEBI Nomination Scheme details for Mutual Fund

In order to bring uniformity in practices across all constituents in securities market, protect the interests of investors in securities and to promote the development of, and to regulate the securities market Securities and Exchange Board of India (SEBI) vide Circular No. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2022/82 dated 15th June, 2022 has issued notification related to Nomination for …

SEBI Nomination Scheme details for Mutual Fund Read More »

SEBI Modified Cyber Security and Cyber resilience framework of Mutual Funds and AMCs

In order to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, Securities and Exchange Board of India (SEBI) vide Circular No. SEBI/HO/IMD/IMD-I/DOF2/P/CIR/2022/81 dated 09th June, 2022 has issued notification related to Modification in Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management …

SEBI Modified Cyber Security and Cyber resilience framework of Mutual Funds and AMCs Read More »

Today’s MCA Tech Update- AO codes for PAN and TAN are different and can be found at links below

💡Today’s MCA Tech Update 🧾AO codes for PAN and TAN are different and can be found at links below. Please do not affix or suffix zeros to AO codes.💡AO Codes for PAN https://www.tin-nsdl.com/services/pan/pan-aocode.html💡AO Codes for TAN https://www.tin-nsdl.com/services/tan/tan-ao-code.html Example: AO code for PAN for Dilshad Garden area in Delhi is DEL W 64 1 while AO …

Today’s MCA Tech Update- AO codes for PAN and TAN are different and can be found at links below Read More »

The LLP (Amendment) Act, 2021

ICAI Announcement by CL&CGC regarding Amendment in Companies Rules, 2016

Announcement by CL&CGC regarding Amendment in Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. – The Ministry of Corporate Affairs vide notification dated 9th June 2022 has amended the provision of the Companies ( Removal of Names of Companies from the Register of Companies ) Rules , 2016 . Pursuant …

ICAI Announcement by CL&CGC regarding Amendment in Companies Rules, 2016 Read More »

Govt. Clearance is must for appointment as directors in Indian Companies

Govt. Clearance is must for appointment as directors in Indian Companies   Ministry of Corporate Affairs (MCA) vide Gazette Id no. CG-DL-E-01062022-236214 & F.No.1/22/2013-CL-V dated 01st June, 2022 has issued “the Companies (Appointment and Qualification of Directors) Amendment Rules, 2022” further to amend the Companies (Appointment and Qualification of Directors) Rules, 2014, in exercise of …

Govt. Clearance is must for appointment as directors in Indian Companies Read More »

MCA Amends Strike-off of Rules

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022 Ministry of Corporate Affairs (MCA) vide circular / notification dated 09th June, 2022 has issued “Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022” further to amend the Companies (Removal of Names of Companies from the …

MCA Amends Strike-off of Rules Read More »

LLP Form 11 for FY 2021-22 due date extended till 30th June 2022

Corporate Laws & Corporate Governance CommitteeThe Institute of Chartered Accountants of IndiaJune 03, 2022LLP Form 11 for FY 2021-22 due date extended till 30th June 2022 This is to inform you that Ministry of Corporate Affairs vide its General Circular dated 27th May 2022 has relaxed the payment of additional fees in case of delay …

LLP Form 11 for FY 2021-22 due date extended till 30th June 2022 Read More »

Extension of due date for filing of Form CSR-2 for FY 2020-21

Extension of due date for filing of Form CSR-2 for FY 2020-21 till 30th June, 2022 and requirement of separate filing of Form CSR-2 for FY 2021-22 on or before 31st March, 2023 This is to inform you that the Ministry of Corporate Affairs vide its notification dated 31st May 2022 has extended the due …

Extension of due date for filing of Form CSR-2 for FY 2020-21 Read More »