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Discussing the concept of signing of Financial Statements of a Company including OPC, Small Company, Private, Public and Listed Companies including the role of directors and chairman in the same.
MCA has issued two notifications on 22nd July 2021, Commencement of Section 4 of Companies (Amendment) Act, 2021 and Companies (Incorporation) Fifth Amendment Rules, 2021 effective from 1st September 2021.
Mark your calendars with these twelve due dates that lie in the month of August 2021 under the Companies Act 2021.
FLA is an Annual Return on Foreign Liabilities and Assets that is required to be filed by Indian Companies and LLPs. It is mandatory under FEMA 1999 and is to be filed by July 15 every year.
It is clear that Companies can give a loan to their Managing Director/ WTD without any restriction under Section 185. However, as per Section 186, it is not mandatory to charge interest on such a loan.
Rights issue is an invitation to existing shareholders to purchase additional new shares. Private placement is the sale of stock shares to pre-selected investors. Preferential allotment involves bulk allotment of fresh issue of shares at a pre-determined price.
Every company other than an OPC shall in each year, hold in addition to any other meetings, a general meeting as its annual general meeting within a period of six months, from the date of closing of the FY.
To facilitate, the companies and businesses in India, MCA has allowed them to hold their Annual General Meeting by Video Conferencing or other audiovisual means amidst the COVID-19 crisis.
Every unlisted public company shall submit Form PAS-6 to the Registrar with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 within 60 days from the conclusion of each half-year.
As per the Companies Act, 2013, once a director is disqualified u/s 164(2) the director so disqualified shall continue to be disqualified for a period of 5 years.
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