Category: Company formation / Compliances

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MCA relaxation for filing various forms amid Covid-19

The Ministry of corporate affairs has revised various forms due for filing during 01/04/2021 to 31/05/2021 under the Companies Act, 2013/LLP Act, 2008 can be filed by 31st July, 2021 without payment of additional fees. The list of forms where additional fees has been waived off is tabulated below: Revised list of forms providing waiver

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Highlights of AGILE eform (AGILE-PRO-S)

The AGILE form, also referred to as e-Form INC-35, is a mandatory form to be filed along with the application (SPICe+) to incorporate a company. To simplify the process for registration of the Goods and Services Tax Identification Number (GSTIN), Employees’ State Insurance Corporation (ESIC) registration plus Employees Provident Fund Organization (EPFO) registration) and opening

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Amendments in CARO, 2020

CARO 2020 is a new format for issue of audit reports in case of statutory audits of companies under Companies Act, 2013. CARO 2020 includes additional reporting requirements after consultations with the National Financial Reporting Authority (NFRA). NFRA is an independent regulatory body to regulate the audit and accounting profession in India. The main motive

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Notice of Annual General Meeting

Since, every single enterprise is mandatory as per section 96 of companies act to hold its Annual General Meeting within 6 months of ending of its accounts except in case of freshly formed companies. Further companies act required a notice under Section 101 is to be sent to all the members of the company.  Length

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Debentures

It is very often found that the involvement of the public issue of equity and preference shares in the stock exchange is very popular. Issuing shares is the most common method of raising long-term capital because there are numerous investors who are ready to invest in the capital market. Therefore, shares are used to finance

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Appointment of Managing Director by Company

Managing director is a director who, by virtue of the articles of a company or an agreement with the Company or a resolution passed in its general meeting, or by its BOD, is entrusted with substantial powers of management of the affairs of the corporate and includes a director occupying the position of Managing Director

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Amendments in Companies Act, 2013

As per ordinance passed by the President of India, there were some amendments made to the Companies Act 2013. This ordinance was a result of the recommendations that were proposed by Ministry of Corporate Affairs. We have mentioned some important Amendments made in Companies Act 2013 as specified below:  Insertion of provision under Section-10A As per

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Acceptance of Deposits

In a modern era corporate world, companies need funds for the accomplishment of their long term objective, growth, and expansion. One of the ways companies find for funds is via acceptance of deposits from their members or the public. The acceptance of deposits is regulated under Section 73 to 76 of Companies Act 2013 read

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Form INC-20A: Declaration of Commencement of Business

E- Form INC-20A, declaration for commencement of business is required to be filed pursuant to Section 10A (1) (a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014. As per new section inserted after section 10 of the Companies Act, 2013, a company incorporated on or after November 2, 2018,

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Case study: Company formation in India

Background The client is a London based company with presence in over 80 countries across six continents. The company helps its clients to successfully deliver projects around the world by sourcing and supplying top professionals in fields such as IT, Telecom, Project Management, Cyber & IT Security, Presales, Sales & After Sales, Compliance and Security.

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