All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs.  Undoubtedly a director’s report is a very important document for all types of companies. According to the Companies Act, 2013 every board of directors of a company has to attach the reports […]

Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as the share of profit by

Insurance auditors while conducting insurance audits will review credit policy and procedures, tax records, risk assessments, and other financial records of insurance. This is done to ensure that appropriate insurance standards and premiums are applied and that insurance companies adhere to the rules. Some of the key areas to be considered during insurance audits are

orporate Social Responsibility (CSR) implies a concept, whereby companies decide voluntarily to contribute to a better society and a cleaner environment – a concept, whereby the companies integrate social and other useful concerns in their business operations for the betterment of their stakeholders and society in general in a voluntary way. However, Section 135 of

Non-Banking Financial Companies (NBFCs) are financial institutions that offer banking services without a banking license. NBFCs are subject to regulatory scrutiny by the Reserve Bank of India (RBI) and other financial regulatory authorities. One of the key regulatory requirements for NBFCs is to conduct internal and statutory audits Non-Banking Financial Companies (NBFCs) play a crucial role in

Members of self-governing professions are required to assume legal and ethical responsibility for their work, as well as to prioritize the public and societal interests. One of the most significant components of the profession is keeping stringent ethical and moral convictions while sticking to high standards of behavior. The Company Secretary (abbreviated “CS”), who is

Directors play a vital role in the corporate governance of companies, ensuring compliance with laws and regulations while safeguarding the interests of various stakeholders. The Companies Act, 2013, enacted in India, introduced several provisions to enhance transparency, accountability, and corporate responsibility. One such significant provision is Section 164 of Companies Act, which deals with the disqualification of

The share capital of a company must be classified into different types while being presented in the financial statements. In this article, we look at the different types of share capital and the mode for presentation of share capital on the financial statements. For companies, funding is the most vital part for functioning of the

Section 241-246 of the Companies Act, 2013 lays down the provisions to effectively deal with oppressing and mismanagement in a company. Corporate democracy finds its roots in the concept of majority rule. The principle of majority originated in the rule of Foss v Harbottle which provided that the individual shareholders have no cause of action in law