Companies Act 2013

The Registrar of Companies (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with administration of the Companies Act, 2013, The Limited Liability Partnership Act, 2008, The Company Secretaries Act, 1980 and The Chartered Accountants Act, 1949. These officers are from Indian Corporate Law Service cadre. ‘ICLS’ is an organised Group A service recruitment of which is done […]

Having a website and online presence strategy allows any business to flourish its market and expand its business. As the web has the fastest reach to advertise any form of Business. Website disclosures is the primary tool of better Corporate Governance. Thus, the companies having their website are required to adhere to certain provisions and

Sub-section (1) of section 134 of the Act provides for approval and signing of financial statements (as defined in clause (40) of section 2) including consolidated financial statements, if any. Such approved financial statements will be signed on behalf of the company by the following: a. Chairperson of the company where he is authorized by the

The term ‘business’ usually refers to the regular occupation, profession or trade. For regulating the business or corporate industry, various rules and legislations as well as their amendments have been introduced in India from time to time. One such legislation is the Companies Act 2013, which mentions the definition, requirements, procedures, conditions and penalties for

Any individual trained to review and verify accounting data and recognised as a Chartered Accountant (CA) under the Chartered Accountant Act, 1949 is deemed to be an auditor. Every company needs to appoint an auditor as per the provisions of the Companies Act, 2013. As per Companies Act, 2013 (hereinafter referred as “said act”), the

Corporate Social Responsibility is a mandatory compliance to be fulfilled by eligible companies under Section 135 of the Companies Act, 2013. Certain companies have to spend 2% of their average net annual profits made during the three immediately preceding financial years, on CSR funds for undertaking CSR projects in India. These include companies that fulfil

In accordance with the general practices, every company is required to prepare the extract of the annual return in Form MGT-9 and that too before the preparation of actual Annual Return in E-form MGT-7 which is submitted to ROC within 60 days of AGM. The Form MGT-9 is an extract of the annual return which

The board of directors is the highest authority in any company. According to Section 179, Companies Act 2013, the power of directors of a company – entitled to make any and all decisions, and thus exercise all the power, which the company has authority to enact.  the Companies Act 2013, a Company can exercise its

India’s rapid economic growth and favourable business environment make it an attractive destination for foreign companies looking to expand their operations. With a large population, comprehensive tax system, low operational costs, a vast trade network, and government initiatives to promote international trade, India offers numerous opportunities for foreign companies to establish a successful presence in the

MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 20th September, 2017 S.O. 3085(E).—In exercise of the powers conferred by sub-section (1) of section 210A of theCompanies Act, 1956, (1 of 1956), the Central Government hereby makes the following further amendmentsin the notification of the Government of India, in the Ministry of Corporate Affairs, number S.O. 3118(E),dated the