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MCA is increasing stringency in compliances and adding numerous additional disclosures in Financial Statements, Directors Report and Audit Report. The main purpose behind these amendments is to ensure more transparency.
Can a company accept loan from Directors or any other person before the filing of INC 20A for general purposes like Opening of Bank Account, preliminary Expenses etc? Let us discuss.
After the commencement of the Companies Act, 2013, from 01st April 2014, the Compliance requirement of the Companies have increased like MSME-1, BEN-2, Dematerialization of Shares etc.
As on date, there are only two options to get DIN. One with Incorporation Form and second with the Copy of Board Resolution of the existing Company.
All clauses of the Memorandum except the Capital Clause can be altered by following the provisions of Section 13 of the Companies Act, 2013 by passing a special resolution.
A company can alter its object clause by way of addition, deletion, modification, substitution, or in any other way by convening a board meeting as per Section 173 and SS-1.
Dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors. They may be paid out in cash or in the form of additional stock.
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.
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.
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.
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