As per the MSME Act, 2006, if any company has delayed in payments to an MSME vendor, then they have to pay a huge amount of interest and report a default in their financial statements.
If a company files MSME-1 after the due date or fails to file the MSME-1 form, then legally, the company is liable to pay penalty u/s 450 of the Companies Act, 2013.
SEBI has notified the SEBI (Listing Obligations And Disclosure Requirements) (Sixth Amendment) Regulations, 2021. These regulations shall come into force w.e.f. 01st April 2022.
Once a director is disqualified u/s 164(2), they shall be eligible to be re-appointed as a director of that company or appointed in another company for a period of five years from the date of disqualification.
The term related-party transaction refers to a deal or arrangement made between two parties who are joined by a preexisting business relationship or common interest.
Insurance is a valuable method of transfer and reduction of risk. We generally transfer our risks to the insurance companies on the basis of payment of a small consideration called premium.
As per Rule 7(1) of the Companies (Incorporation) Rules 2014, a Section 8 Company cannot be converted into a One Person Company. It can only be converted into a Private Company or Public Company.
This communique is an attempt to share with readers various circulars, notifications, guidelines etc., issued by the Government, SEBI, MCA, RBI and IRDAI during the month of October 2021.
A foreign individual or a corporate entity is eligible to invest and start a business in India when they are in accordance with the Foreign Direct Investment policy.
Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person unless the sale is complete and ownership of the vehicle is transferred to buyer
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)