In this editorial author shall discuss about each aspect of MSME-1 form.MSME-1 form first time introduced by MCA notification dated 22 January 2019.
This Article mainly deals with the oppression and mismanagement. The Companies Act, 2013 under Chapter XVI covering Sections 241 to 246 deals with Oppression and mismanagement and Class Action. Further provisions for class action are provided under Section 245 and 246. We have a separate article on class action.
Ministry of Corporate Affairs has further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 with the mission and vision of Government of India of Ease of Living and Ease of Doing Business.
The term Small Shareholders have been defined as persons holding shares of a nominal value of not more than INR 20,000 or such other sum as may be prescribed.
In this editorial author shall discuss about the transactions with example required to be mentioned in MSME-1
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.
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.
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.
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.
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.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English