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Major changes in Financial statements disclosures and audit reporting for FY 2021-22 and onwards

  SANJAN DE    01 April 2022 at 09:23

MCA had introduced changes in Schedule III to the Companies Act, 2013 vide its notification G.S.R. 207(E) dated 24th March, 2021 and also introduced changes in audit reporting vide the Companies (Audit and Auditors) Amendment Rules, 2021 G.S.R. 206(E) dated 24th March, 2021 and the Companies (Auditor’s Report) Order, 2020.



CSR-2: Details to be Mentioned At Column 3

  CS Divesh Goyal    31 March 2022 at 15:30

In this editorial author shall discuss, "Which year figures should be mention in Column 3 of CSR-2, Whether we have to mention figures of FY 2019-20 (i.e. 31.03.2020) or FY 2020-21 (i.e. 31.03.2021)".



Procedure of Incorporation of Public Limited Company

  Neethi V. Kannanth    31 March 2022 at 15:02

The business cannot be started immediately after receiving the COI. The business has to apply for a certificate of commencement within 180 days of the COI stating that all the subscribers have paid the subscription money through Form INC-20A.



SC: Claim against an unregistered vehicle is not payable

  FCS Deepak Pratap Singh    31 March 2022 at 09:34

From judgement of Apex Court mentioned above it is clear that Registration of a Vehicles according to the provisions of Section 39 of MVA,1988 is mandatory and a person without valid registration is not allowed to drive vehicle at public place.



All about Corporate Identification Number (CIN)

  Neethi V. Kannanth    31 March 2022 at 09:33

A Corporate Identification Number (CIN) is a unique identification number that is assigned by the Registrar of Companies (ROC) to the companies registered in India.



Passing off a trademark and its implications

  FCS Deepak Pratap Singh    30 March 2022 at 09:20

As you are aware that a Trademark may be defined as a lawfully protected abstract, word, symbol, color, mark, slogan or a mixture of those related to an organization or a selected product that differentiates it from the others accessible within the market.



Supreme Court: NCDRC cannot direct the appellant to amend complaints

  FCS Deepak Pratap Singh    26 March 2022 at 08:58

The error in the order of the NCDRC was to compel the appellant to amend the complaint, as a consequence of which, it granted permission to the first respondent to file a written statement to the amended complaint.



The Supreme Court of India has once again reiterated - Principles of Good Faith

  FCS Deepak Pratap Singh    24 March 2022 at 09:01

The Supreme Court of India has once again reiterated one of the foundational principles of Insurance Law: Non-disclosure of material information by an Insured at the time of entering into a contract of insurance would entitle a prudent Insurer to repudiate a claim made under the underlying policy on such ground.



Just compensation under Motor Vehicles Act 1988

  FCS Deepak Pratap Singh    24 March 2022 at 09:01

The Motor Vehicle Act of 1988 is a comprehensive Act that has replaced the Motor Vehicle Act, 1939. It was implemented on 1st July 1989. The first Act that came in force regulating the road transport vehicles was the Motor Vehicles Act, 1914.



Provident Fund and The Art of Making an Online PF Withdrawal

  Amit Kumar    23 March 2022 at 12:31

If you're looking for "Provident Fund meaning", then you should know it is well-known with the slogan "Savings for the Future." According to the National Portal of India, any organization with 20 or more employees is mandated to register with the Employees Provident Fund Organization.