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.
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.
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.
The Company is primarily engaged in the manufacturing of BioFuel which is an alternative source of energy and has the ability to replace a good substitute of traditional fossil fuels.
'Charge' was not registered as per the provisions of Section 77 (1) of the Companies Act, 2013 and as envisaged under the IBC 2016, hence the Creditor cannot be treated as a 'Secured Creditor'.
MCA vide General Circular No. 16/2021 dated 26.10.2021 has provided relaxation in paying additional fees in case of delay in filing Form 8 up to 30th December 2021.
Pursuant to the provisions of section 185(1) of the Companies Act, 2013 no company shall, directly or indirectly, advance any loan to any director of the company.
A Private Limited Company Registration manages enlisting a private limited company in India. A private limited company is one that has a possession status that ...
Provisions relating to appointment of an Alternate Director under the Companies Act, 2013-Some important questions to introspect
Whenever a Director dies, it is regarded as a casual vacancy of the office. A Casual Vacancy is when a director’s office is vacated before the expiry of his tenure.
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