In many Indian corporate frauds, it is found that independent directors either were just mute spectators or failed to detect an early signs of fraud. In some companies, it was found that watchmen, drivers, maids and other assorted individuals lent their name, identity and consent to become an independent director without aware of their roles and responsibilities.
This article contains various Compliance requirements under Statutory Laws. Compliance means "adhering to rules and regulations."
The author, in this article, has included all the amendments up to 25th November 2019 for incorporating the private limited company.
It is mandatory for every Company Secretary to be it in practice or in employment to achieve mandatory Programme Credit Hours (PCH) as per the guidelines issued by the Institute of Company Secretaries of India (ICSI).
Practical Approach - Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
The context of power and the ability to exercise power comes from the literature of IFRS 10 � Consolidated Financial Statements. It is important for Finance & Accounting professionals to understand the finer differences.
When you do business with a client, you expect to be paid for your product or services within stipulated time. But what happens when those payments are late - or don't come at all?
There goes a lot of compliances we need to do before incorporation of a company. However, this is not the end - it is only a beginning of several formalities and compliances. A company can function effectively only after fulfilling these formalities and compliances.�
Financials of a Company are required to be filed with ROC Every Year. Form AOC 4 & MGT-7 are required to be filed with ROC within 30 days & 60 days from the date of AGM of the company respectively. Know what are the consequences that will follow if you don't file your return in time.
It shall be the duty of the director giving notice of interest to cause it to be disclosed at the meeting held immediately after the date of the notice.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English