Introduction: In the era of globalization, international transactions, legal procedures, and cross-border collaborations have become increasingly prevalent. As individuals and businesses engage in activities across borders, the validation of documents is crucial. Two common methods for document validation are apostille and notarization. This article will explore the concepts of apostille and no......

Every person liable to get himself registered shall submit to the registering authority, Local Goods and Service Tax Officer of the concerned area in which his principal place of business is situated, duly filled in Form - 1, within thirty days from the date of commencement of his business. The application shall be made, signed, and verified by the duly authorized person of the business.  Th......

A director of the company needs to prepare and submit a report to shareholders of the company at every annual general meeting of the company every year to maintain transparency. It helps the stakeholders of the company to better understand the current financial status of the company.  What does the directors’ report cover? Company’s description and details of current sh......

Importer Exporter Code (IEC) An import or Export code is required by a person for exporting or importing goods. It is a 10-digit code issued by the Directorate General of Foreign Trade (DGFT). All businesses that are engaged in the Import and Export of goods are required to register the Import Export Code. IE code has lifetime validity. Importers are not allowed to trade without this code and exp......

Section12(3)(c) of the Companies Act, 2013 states that a Company shall, get its name, address of its registered office, and the Corporate Identity Number along with telephone number, fax number, if any, e-mail and website addresses, if any, printed in all its business letters, billheads, letter papers and all its notices and other official publications. Section 12(1) of the Companies Act, 2013 st......

IntroductionIssuing new shares is a common practice for companies to raise capital. When a company decides to issue fresh shares, it must comply with the regulations set forth in the Companies Act, 2013. One such provision is the Right Issue, which allows existing shareholders the opportunity to purchase additional shares in proportion to their current holdings. Definition and Purpose As per Sec......

The Registrar of Companies (ROC) is a registry that manages the administration of companies under the Companies Act, 2013 set up by the Ministry of Corporate Affairs. Every company is required to file the audited financial statements and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the date of conclusion of the Annual General Meeting. Section 129 and 1......

INTRODUCTION: - In simple words, dormant company means a company which is an inactive company in the records of the Registrar of Companies and which is not carrying out any business activity and has applied to the Registrar of Companies to change its status in the register of companies maintained by the Registrar of Companies from “Active Company” to “Dormant company”. DO......

The Ministry of Corporate Affairs (MCA) vide its notification No G.S.R. 700(E) has further revised the limits of paid-up capital and turnover in the definition of small company. The Paid up Capital has been increased from “not exceeding Rs 2 crore” to “not exceeding Rs 4 crore”. Furthermore, the turnover has been increased from “not exceeding Rs 20 crore” to &l......

APPOINTMENT OF 1st AUDITOR [Section 139 & Rule 3 of Companies (Audit and Auditors) Rules, 2014] The Board of Directors of a company shall appoint an individual or firm as the first auditor of a company, other than a Government company, within thirty days from the date of registration of the company. The auditor so appointed shall hold the office from the conclusion of that meeting till the co......