Articles by CS Divesh Goyal

FAQs on Declaration of Commencement of business

CS Divesh Goyal 07 August 2021 at 09:24

A declaration is filed by the directors in e-form Form No. INC-20A within 180 days from the date of incorporation of a company with ROC, indicating that all subscribers have paid their value of shares to the MOA.

The Companies Amendment Bill 2020 - Impact on Penalties / Fine / Imprisonment

CS Divesh Goyal 06 August 2021 at 15:06

Discussing 10 changes pertaining to Formation of Companies, Variation of shareholder's Rights, Reduction of Share Capital, Debentures and 6 more proposed in The Companies Amendment Bill 2020.

ICSI - Auditing Standards

CS Divesh Goyal 06 August 2021 at 14:47

The aim of the Auditing Standards is to support a CS in developing auditing acumen, techniques and tools, to inculcate best auditing practices, and to promote standardization and uniformity.

ICSI - Multidisciplinary Firm

CS Divesh Goyal 06 August 2021 at 14:47

A CS in practice may form a multi-disciplinary firm with the member of other professional bodies as prescribed under regulations 168A and 168B in accordance with the regulating guidelines of ICSI.

Amendment in Companies Act, 2013 in March 2021

CS Divesh Goyal 06 August 2021 at 12:13

MCA has caused a myriad of amendments in the Companies Act, 2013 in March 2021. Covering all such amendments along with the impact of the same on the Corporates.

Related Party Transaction under Companies Act 2013

CS Divesh Goyal 05 August 2021 at 09:24

Section 2(76) - Definition of Related Party Transaction, Section 188 - Related Party Transaction and Section 189 - Registration of transactions in which directors are interested.

Section 186: Loan and Investment by Company

CS Divesh Goyal 05 August 2021 at 09:24

As per Section 186(2), no company shall directly or indirectly give any loan to any person or give any guarantee or provide security in connection with a loan to any other body corporate or person.

Analysis | Legitimate Entities to Loan under Section 185

CS Divesh Goyal 05 August 2021 at 09:20

Analysing which are the entities to whom a company can give Loan/ Guarantee/ Security etc' under Section 185 of the Companies Act, 2013 after amendment by the Companies Amendment Act, 2017.

Section 187: Investment of Company to be held in its own name

CS Divesh Goyal 05 August 2021 at 09:20

As per Section 187(1), 'All investments made or held by a company in any property, security or other assets shall be made and held by it in its own name.'

Loan from shareholders and its treatment in DPT-3

CS Divesh Goyal 04 August 2021 at 09:26

There are many ambiguities in the minds of corporates and professionals about the treatment of Loan from Shareholders, as to whether the same is considered as a deposit or not?