The Companies (Cost Records and Audit) Rules, 2014 are applicable to every registered company which is engaged in the production of goods or providing services listed in Table-A or Table-B of Rule 3.
In this article, we will discuss the LLP and Partnership Firm with some differences.
Did you know that the Adjudicating Authority plays a crucial role in enforcing the provisions of the Companies Act?
The Companies Act, 2013 first time came up with the new provision of converting the loan into equity pursuant to Section 62 (3) of the Companies Act, 2013.
FLA is an abbreviation of Foreign Assets and Liabilities. FLA return is required to be submitted by all the companies / LLPs / AIFs / Partnership Firms / Public Private Partnerships which have received FDI and/or made overseas investments in any of the previous year(s), including the current year.
The partners need to check the LLP agreement, in case it provides for the procedure for shifting the registered office of the LLP. In case no procedure is prescribed, obtain consent of all partners regarding change of registered office.
Documents preservation of which is permanent in nature
A letter of credit, also known as a credit letter is granted from the bank as a guarantee that the seller will receive the payment on promised time from the buyer. If the buyer fails to pay, the bank will be responsible to make the payment on behalf of the buyer. It may be processed as financial assistance that is a loan.
Section 173(2) of Companies Act, 2013 (The Act) read with Rule 3 of the Companies (Meetings of Board and its Powers) Rules, 2014 (The Rules), The participation ...
Declaration of significant beneficial ownership under Section 90 and Rule 4 of the Companies (Significant Beneficial Owners) Rules 2018: About BEN-1, BEN-2, BEN-3 and BEN-4
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