Corporate Law Articles

One Person Company (OPC) | An analysis

Manju Laur 30 July 2021 at 09:47

The very concept of an OPC is that it shall have only one member. Only an individual can form an OPC. The minimum and maximum number of members in an OPC is one.

FAQs on Signing of Financial Statement

CS Divesh Goyal 29 July 2021 at 09:45

Financial statements are formal records of the financial activities and position of a business, person, or other entity. Let us discuss 10 FAQs on the signing of financial statements.

Can the Financial Statements be signed digitally?

CS Divesh Goyal 29 July 2021 at 09:45

As per the meaning of the Digital Signature and Section 134, we can opine that the financial statements of the Company can be signed either physically or digitally.

FAQs on Disqualification of Director

CS Divesh Goyal 29 July 2021 at 09:24

If a person has been disqualified in any company due to section 167(1) such person shall be considered as ceased in all other companies wherever he was appointed as a Director.

FAQs on Annual General Meeting (AGM) & Extension due to COVID 19

CS Divesh Goyal 29 July 2021 at 09:24

At an AGM, the directors of the company present an Annual report containing information for the shareholders about the company's performance and strategy.

How to file DPT-3 in case of Loan from shareholder?

CS Divesh Goyal 28 July 2021 at 09:35

Private Limited Companies are allowed to accept Loans from Shareholders of a Company after following the process mentioned under Section 73 of the Companies Act, 2013.

All about Micro, Small & Medium Enterprises (MSME)

Manju Laur 28 July 2021 at 09:35

The MSMEs are a crucial part of the economy and plays a vital role in the supply chain. MSME Sector generates employment and foster the entrepreneurship thereby, contributes to the develop of economy.

Criticalities in the annual filing for FY ended 31st March 2021

CS Divesh Goyal 28 July 2021 at 09:35

There are several criticalities in the Annual Filing for the FY ended 31st March 2021. Discussing the same from the point of view of Financial statements via 20 FAQs.

Financial Assistance Towards MSMEs

CS Lalit Rajput 27 July 2021 at 10:08

In view of the challenges faced by taxpayers due to the outbreak of the Novel Corona Virus (COVID-19), the Government of India has taken several taxation related measures for the industries, including MSMEs.

FAQs on Corporate Social Responsibility (CSR)

CS Divesh Goyal 27 July 2021 at 09:40

MCA has introduced the Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 that are applicable to FY 2020-21. CSR Spending has been made mandatory w.e.f FY 2020-21.