Corporate Law Articles

Form NFRA-2 National Financial Reporting Authority

cs sujeet kumar 12 July 2021 at 09:07

FORM NFRA – 2 is governed by Section 132 of the Companies Act, 2013 and rule 3 and 5 of the National Financial Reporting Authority Rules, 2018. This is an Annual Return to be filed by an Auditor with NFRA.

Quarterly MCA / ROC Updates for the month of April - June 2021

CS Lalit Rajput 11 July 2021 at 18:55

Discussing MCA / ROC updates for the month of April, May and June 2021, including COVID-19 updates, relaxations, key circulars and monthly updates.

Applicability of IND AS

DEEPAK SETH 10 July 2021 at 09:21

MCA has notified a phase-wise convergence to IND AS from current accounting standards. IND AS shall be adopted by specific classes of companies based on their Net worth and listing status.

FLA Return - FLAIR System, Key Points & FAQs

DEEPAK SETH 09 July 2021 at 09:02

Foreign Liabilities and Assets Return is an Annual Return on Foreign Liabilities and Assets required to be filed by an Indian Company and LLP to RBI within the prescribed due date.

Retention of records by Insolvency Professionals relating to CIRP under IBC

CS Lalit Rajput 09 July 2021 at 08:56

An IP shall preserve records relating to that period of a CIRP when he acted as IRP or RP, irrespective of the fact that he did not take up the assignment from its commencement or continue the assignment till its conclusion.

Types of XBRL and Applicabilty on Companies and NBFC- An Overview

DEEPAK SETH 07 July 2021 at 15:18

The article lists down the class of companies which are required to file their financial statements and other documents under section 137 of the Companies Act, 2013 with the Registrar in e-form AOC-4 XBRL

FAQs on Circular regarding Relaxation of time for filing forms under the Companies Act, 2013

Suhasini 06 July 2021 at 09:23

Frequently Asked Questions on Circular regarding Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 issued by MCA on 03.05.2021 - Revised

Inclusion of Retail and Wholeseller in MSME

Rajat Soni 05 July 2021 at 09:00

Under the revised guidelines, the Ministry of MSME has issued an order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending.

Corporate Compliance Calendar for the m/o July, 2021

CS Lalit Rajput 05 July 2021 at 09:00

Discussing Compliance Requirements for the month of July 2021 under various statutory laws. We have also provided Important Updates and Notifications for the month of June 2021 under these laws.

Recent changes in the provisions relating to independent directors

Amitav Ganguly 05 July 2021 at 09:00

The provision of independent directors in the Companies Act 2013 and the SEBI laws have been constantly in the limelight. Changes have ushered in from time to time by the authorities to make them more effective.