Forensic audit is the process used to examine an individual's or a company's financial information for use as evidence in court. It helps to detect diversion of funds, wilful defaults and window dressing of financial statements
As per Section 96 of the companies Act, 2013, every company other than a One Person Company shall in each year hold in addition to any other meetings, a general..
To address the problem of getting delayed payments by MSMEs, the RBI has introduced the Trade Receivables Discounting System (TReDS) in 2014.
This article contains various Compliance requirements under Statutory Laws. Compliance means adhering to rules and regulations.
As per the provisions contained under the Companies Act, 2013, mainly there are four ways specified under the act to increase the share capital. The specified four modes under the companies act, 2013 are Public issue, Bonus issue, Right issue and the Private Placement.
The MSME(Micro, Small, and Medium Enterprise) definition has undergone a change in the recent past under Aatma Nirbhar Bharat Scheme
MCA further relaxes the requirement of holding Board meetings with the physical presence of directors under section 173 (2) read with rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 for approval of the annual financial statements, Board's report, etc.
Companies have been allowed to conduct their AGM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) during the calendar year 2020.
Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.
The introduction of PAS-6 by the Ministry of Corporate Affairs is for the purpose of reconciliation of the share capital audit report on a half-year basis.