AMENDMENTS IN COMPANY LAW COMPLIANCE BY MCA
September 18, 2019
The Ministry of Corporate Affairs has issued several notifications for better compliance, monitoring and ease of doing business. The gist of notification are noted below for ready reference below:- Gist of the proposed amendments by MCA:- Charge Satisfaction – Extra-time to Companies: Now, the Companies are brimming with relief as the MCA has extended the time period of […]
COMPANY LAW – REDUCTION IN FEES FOR DELAYED FILLING OF DIRECTORS E-KYC IN DIR-3 KYC
September 18, 2019
Deadline to re-activate Directors DIN after filling DIR-3 KYC with reduced Fees Of Rs. 500/- has been granted till 05-10-2018. From 6th October, 2018, the Fees will be Rs. 5000/- for filling DIR-3 KYC and reactivating the Director DIN.
Passing of Resolution by Circulation
September 18, 2019
Section 175(1) of Companies Act, 2013 175. (1) No resolution shall be deemed to have been duly passed by the Board or by a committee thereof by circulation, unless the resolution has been circulated in draft, together with the necessary papers, if any, to all the directors, or members of the committee, as the case may […]
How to View and Download Form 26AS ? (Income Tax Act,1961)
September 18, 2019
1. What is Form 26AS? Includes info on tax deducted on your income by deductors Details of tax collected by collectors Advance tax paid by the taxpayer Self-assessment tax payments Regular assessment tax deposited by the taxpayers (PAN holders) Details of refund received by you during the financial year Details of the High-value Transactions in […]
ITR:Complete guide on how to e-file ITR (Income Tax Returns) on the Income Tax Department Portal
September 18, 2019
A taxpayer may want to file his income tax return for reporting his income for a financial year, carrying forward losses, claiming an income tax refund etc. An income tax return is a form which enables a taxpayer to declare his income, expenses, tax deductions, investments, taxes etc. The Income Tax Act, 1961 makes it mandatory under various scenarios […]
Latest income tax slabs and rates applicable for financial year 2018-19 (assessment year 2019-20),These will be applicable for FY 2019-20 as well.
September 18, 2019
What is Income Tax Slabs ? In India, income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab. Such tax slabs tend to undergo a change during every budget. Further, […]
Duties of Director of Company – Companies Act, 2013
September 18, 2019
Section 166 of the Companies Act, 2013 provides for Duties of Directors A director of a company shall act in accordance with the articles of the company. A director of a company shall act in good faith in order to promote the objects of the company for the benefit of its members as a whole, […]
One Person Company (OPC) Registration in India
September 18, 2019
One Person Company (OPC) Registration is a type of Private Limited company in India where only One Individual person can register a Company in India as per the provisions of the Companies Act, 2013, One Person Company (OPC) is most suitable for persons who is the sole owner of the business and want to avail the […]
How to do Startup Valuation for Startup Companies in India
September 17, 2019
n this articles we will share the Startup Valuation Method that is mostly used by Venture Capitalist and Angel Investors for valuing Startups. Startups are valued with different methods and approaches, this all depends on products, users, technology and revenue models. Here Investor invests to earn return of their equity and they risk high on […]
How to file Form INC 22A (Active Company Tagging Identities and Verification)
September 17, 2019
Active Company Tagging Identities and Verification (ACTIVE) form INC 22A is required to filed by every Company incorporated on or before 31st December, 2017 to MCA. Mandatory Requirements for Filing Form INC 22A: Address of Registered Office of the company, Photo of Office Address is required to be uploading along with Director of the company […]
MSME Return to MCA/ROC
September 17, 2019
In the recent amendment the Ministry of Micro small and Medium enterprises prescribed Half Yearly Reporting to MCA by Companies which receives services or goods from micro or small enterprises and whose payments to micro and small enterprises suppliers exceed 45 days Every company shall file in MSME Form I details of all outstanding dues […]
How to Appoint or Add New Director in Private Limited Company
September 17, 2019
In Private Limited Company Directors plays main role in its functioning, Directors takes day to day decisions for business operations, Directors are key person in whom Shareholders of company trusts for their money invested, here in this article we will discuss about how a company can have new Director on its Board legally in India […]
How to Change the Nominee or Member of One Person Company
September 17, 2019
Every One Person Company shall always have Nominee of Member, that who shall become the member of the company in the event of death or incapacity to contract of member of Once Person of the Company. First Nominee is declared at the time of Incorporation of company with consent of nominee form INC -3 Now […]
How to Check Public Documents of Company Registered in India
September 17, 2019
Procuring public documents of a Private Limited Company To view Public Documents of any Company Registered in India, you need to pay Rs. 100 per Company This process is very straightforward and simple and can it be done by yourself through MCA website ( http://mca.gov.in) : Create an account at MCA Website because you need […]
How to Register Private Limited Company ( Pvt Ltd) in India
September 17, 2019
Private Limited Company Registration procedure is becoming very simple now a days , any person who wants to carry out business operations with separate business entity is not required to wait for month or two just to get the legal formalities done. Even the PAN and TAN of the company is available just after the […]