The deadline for linking the EPA account to the Aadhaar card has been extended. Subscribers can now link their UAN to Aadhaar by December 31, 2021. Earlier, its last date was August 31, 2021.
As the annual filing season is coming along the way, it is pertinent to have a clear understanding about the applicability of the definition of small company. For that matter, let's have a look at some of the important points of consideration.
The FCRA was enacted to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain trusts or associations or companies and to prohibit acceptance and application of such contribution towards any activities detrimental and inimical to the National interest and for matters allied therewith or incidental thereto
Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual general meeting of the company and that of the next.
Limited liability partnership is a body corporate and legal entity separate from its partners. LLP has fewer compliances as compared to registered companies.
OPC shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements, within 180 days from the closure of the FY.
AGM provides members with an opportunity to collectively discuss the affairs of the company and to exercise their ultimate control over the management of the company.
It is necessary to take strict steps to curb the nexus of ML and Terrorism. The government to coup with above has made changes in the Anti Money Laundering Act, 2002 and Unlawful Activities (Prevention) Act, 1967.
The Companies Act, 2013, SEBI (LODR) Regulations, 2015 and other acts have specified some disqualifications on occurring of which a person cannot be appointed as director of a company.
Partnership firms are at a disadvantage when compared to the newly introduced LLP as they do not provide limited liability protection for the partners, separate legal entity status, and ease of ownership transfer etc.
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