Articles by CS Divesh Goyal

Addition in Disclosure of Financial Statement

CS Divesh Goyal 14 August 2021 at 09:11

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.

How to take loan, before filing of INC 20A?

CS Divesh Goyal 14 August 2021 at 09:11

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.

Annual Compliance Calendar for a Public Limited Company

CS Divesh Goyal 09 August 2021 at 19:46

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.

How to apply for DIN before incorporation of company

CS Divesh Goyal 09 August 2021 at 13:34

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.

Process of alteration in Capital Clause of Memorandum of Association

CS Divesh Goyal 08 August 2021 at 10:34

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.

Process of alteration in object of company

CS Divesh Goyal 07 August 2021 at 11:57

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.

FAQs on Dividend

CS Divesh Goyal 07 August 2021 at 09:24

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.

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.