Compliance Threshold CSR (during the last three preceding financial years) [section 135] a) Net worth of rupees 500 crore or more, or b) Turnover of Rs 1000 crore or more, or c) Net profit of Rs 5 crore or more Women Director (as on the latest audited financial statements) [section 149] a) Every listed Company b) Other public Comp......

In order to enter into the Indian Market, one of the most adopted ways by the foreign Companies is setting up of a liaison office (representative office)/Branch Office. It acts as a channel or intermediary between the Head Office of the foreign Companies in Abroad and the parties in India. A body corporate (including firms or other association of individuals) incorporated outside India who wants ......

REGULATION: Section 55 of the Limited Liability Partnership Act, 2008 read with rule 32 of the Limited Liability Partnership Rules, 2009 and the second schedule of the Act; Guidelines issued by the Institute of Chartered Accountants of India (ICAI) under Guideline Notification No. 1- CA (7) 03/2011 dated 4th November, 2011. PER-REQUISITES: Obtain Digital Signature of the proposed Design......

FCRA is a law of government of India which regulates receipt of foreign contributions or aid from outside India to India territories. This is essential to ensure that such aid does not affect political or any other situation in India. For genuine donation, the provision of law is not very difficult to comply. The regular compliance is limited to the filing of annual return every year. This la......

Section 233 of the Companies Act, 2013 read with rule 25 of the Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016 deals with the fast track mergers which require approval from shareholders, ROC, Official Liquidators, creditors and Regional Director. Companies which can enter into the fast track merger scheme are: Holding Company and its wholly-owned subsidiary Company; ......

In order to convert the loan into share capital, as per provisions of section 62(3) of the Companies Act, it is mandatory that the Company has taken a loan on the terms that the loan can be converted into equity share capital and such option has been approved by special resolution before taking of loan.   Procedure for accepting the loan: Hold a Board Meeting by giving a notice to all ......

Dear Professional Colleagues, MCA vide its notification dated February 21, 2019, has come up with Companies (Incorporation) Amendment Rules, 2019. Effective date: February 25, 2019 The rule 25A shall be inserted in the Companies (Incorporation) Rules, 2014 after the rule 25: Key points under Rule 25A: 1. Every Company incorporated on or before 31st December, 2017 shall file the pa......

Section 12 and 13 of the Companies Act, 2013 and Companies (Incorporation) Rules, 2014 states the law and procedure regarding having a registered office of the Company and shifting of registered office of the Company. Provisions and procedures relating to shifting of Registered Office (RO) from one state to another state are as follows: Provisions relating to shifting of the registered office ......

INTRODUCTION The concept of Key Managerial Personnel (KMP) has been first recognized by the Companies Act, 2013. Section 2(51) of the Act states that KMP in relation to a Company means: the Chief Executive Officer or the Managing Director or the Manager; the Company Secretary; the Whole-time director; the Chief Financial Officer; and such other officer as may be prescribe......

Introduction: The MCA has issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016), on 29th March 2016. This order has been issued in supersession of the Companies (Auditor’s Report) Order, 2015, and is applicable for reporting on financial statements of companies whose financial year commences on or after 1st April 2015. It was of the opinion of MCA that there are certain mat......