Showing Articles for : Company Law
One Person Company
Contents: Purview Special Features Exemptions Procedure to incorporate OPC Conversion Benefits Limitations An international Perspective Conclusion Purview One person company is a revolutionary concept brought by the Companies Act 2013 enabling entrepreneurs do business as proprietorship but without any personal liability. OPC as defined by the act is “one person company means a company which … Continue reading One Person Company
A preview on E-Governance
Purview: In the context of a globalising world, it is important that Indian industry remains in the reckoning in a competitive environment. Therefore, the regulatory framework must facilitate compliance of rules at a minimum cost and with convenience to the stakeholder. MCA21 is founded on the Government’s vision to build a healthy business eco system … Continue reading A preview on E-Governance
Read more 4469 Views Leave a commentPerforma of Director’s Report, 2015 and onwards
DIRECTOR’S REPORT To, The Members, …………………………….. PRIVATE LIMITED New Delhi, Your directors have pleasure in presenting their …………….Annual Report & Audited Statement of Accounts of the Company for the year ended on 31st March, 2015 FINANCIAL RESULTS … Continue reading Performa of Director’s Report, 2015 and onwards
Read more 4286 Views Leave a commentHow to keep books of account as per new companies act
As per New Companies Act, 2013, many new amendments have overcome and hence a company needs to comply with these amendments as those are mandatory w.e.f. 1-4-2014. Some of the amendments with respect to the books of accounts and keeping the books of accounts have been presented here: Books of Accounts [Section 2(13)] of the … Continue reading How to keep books of account as per new companies act
REGISTRATION OF A PRODUCER COMPANY
A step-wise basic information for the registration of a ‘Producer Company’ is described as under: Step 1: Digital Signature Certificate (DSC): The Information Technology Act, 2000 has the provision of use of Digital Signatures on the documents in order to ensure the security and authenticity of the documents filed electronically. It is now mandatory to have Digital Signature … Continue reading REGISTRATION OF A PRODUCER COMPANY
Read more 4221 Views Leave a commentAdjustment of Share Application Money
Notification: Well as per New Companies Act, 2013 new provision has been implemented regarding the Share Application Money, pending for allotment. As per Section 42(6) of the Companies Act, 2013, “any allotment of securities shall be made within 60 days from the receipt of application money and in case the company is not able to allot … Continue reading Adjustment of Share Application Money
Read more 20276 Views 3 CommentsOutlook of Related party as per Companies Act, 1956 & 2013
Related Party Transaction (notified) Related party with reference to a company, means: [Sec 2(76)] a director or his relative; a key managerial personnel or his relative; a firm, in which a director, manager or his relative is a partner; a private co. in which a director or manager is a member or director; a public … Continue reading Outlook of Related party as per Companies Act, 1956 & 2013
Read more 6490 Views Leave a commentCheck List on Accounts of Companies
As per New Companies Act-2013, there are several changes in every aspects of Accounts. So my experience, while working with the books of accounts was too typical and erroneous. So to work in an effective and systematic manner i prepared a check-list for the same. The checklist will be in parts and pieces. … Continue reading Check List on Accounts of Companies
Read more 2814 Views Leave a commentChecklist & Summary of Registration & Satisfaction of Charge, Co. Act. 2013
Attachments: Checklist regis. of charges Reg. of Charge Summary As per Companies Act, 2013; provisions relating to registration and satisfaction of charge is contained in Section 77 to 87 of this Act, I have made a summary and checklist of these provisions which will surely help us in doing audit. Attached files are for your … Continue reading Checklist & Summary of Registration & Satisfaction of Charge, Co. Act. 2013
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