Non-executive Directors are directors who are not in whole time employment of the company. These directors are remunerated by payment of sitting fees, commission on profits and fees for rendering professional services.
In this article, we will talk about annual compliances such as annual returns, ITR, financial statements etc.
A company secretary plays a vital role in ensuring that a business is compliant with legal, Taxation, Accounting, and regulatory requirements.
Remuneration to Directors
The Importer Exporter Code (IEC) is an important component for any business that is engaged in the import and export of goods. The IEC is a ten-digit number, issued by the Directorate General of Foreign Trade (DGFT), to all Importers and Exporters in India. This code is required to be mentioned while submitting any documents related to imports and exports.
EPFO is an innovation driven social security organisation aiming to extend universal coverage and ensuring Nirbadh (Seamless and uninterrupted) service delivery to its stakeholders through state-of-the-art technology.
Board resolutions are important from the point of business. It serves as a formal record of the decisions and actions taken by the Board of Directors.
RBI has recently issued the 'Directions - Acquisition and Holding of Shares or Voting Rights in Banking Companies' in order to ensure that the ultimate ownership and control of banking companies are well diversified and the major shareholders of banking companies are 'fit and proper' on a continual basis.
The exchanges, to start with, are permitted to launch futures contracts on corporate bond indices, Market regulatory, the Securities and Exchange Board of India (SEBI) said in a statement.
For business, year-end plays a crucial role. If you plan your business for the coming year at the year's end and complete all the necessary documentation work, upgradation, and changes that will be in demand in the future, you will find that you have started your business year with good management.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English