Articles by CS Divesh Goyal

Key Relaxation to small companies

Posted by CS Divesh Goyal 27 July 2021 5795 Views

The status of a company as a “Small Company” may change from year to year. Thus the benefits which are available during a particular year may stand withdrawn in the next year and become available again in the subsequent year.

Process of Conversion of OPC Into Private / Public Company

Posted by CS Divesh Goyal 27 July 2021 1383 Views

MCA has introduced the Companies (Incorporation), Second Amendment Rules, 2021 on 1st February 2021. An amendment in the Process of Conversion of One Person Company to Private/Public Company has been made.

Analysis of CSR Amendment Rules, 2021

Posted by CS Divesh Goyal 26 July 2021 2759 Views

MCA has introduced the Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 under which, the CSR spending has been made mandatory from voluntary w.e.f. FY 2020-21.

Checklist of Directors Report under Companies Act, 2013

Posted by CS Divesh Goyal 26 July 2021 3605 Views

Discussing the Checklist for Director's Report under the Companies Act, 2013 with regard to the Board's Report, Event/Limit Based Disclosures, and Mandatory Disclosures by a Public Company and a Listed Company.

Management Services that are not allowed to be provided by Statutory Auditors

Posted by CS Divesh Goyal 26 July 2021 7526 Views

Discussing the Restricted Services and Management Services that are not allowed to be provided by Statutory Auditors under the Companies Act, 2013 and the Chartered Accountants Act, 1949.

Compliance of Beneficial Interest

Posted by CS Divesh Goyal 25 July 2021 1607 Views

A beneficial interest is the right to receive benefits on shares held by another party. Beneficial interest is often referred to in matters concerning trusts, whereby one has a vested interest in the trust's assets.

Which MGT-7 should be filed by Small Companies

Posted by CS Divesh Goyal 25 July 2021 1770 Views

Via an amendment in Rule 11 of the Companies (Management and Administration) Amendment Rules, 2021, MCA has introduced e-form MGT-7A as an annual return for Small Companies and OPC w.e.f. FY 2020-21.

Guidance for Annual Filing 2020-21

Posted by CS Divesh Goyal 25 July 2021 16145 Views

Discussing the Mandatory yearly Compliances of a Private Limited Company, List of Annual Compliances and Details of Annual Filing of the Compliances of a Private Limited Company.

Everything about Abridged Annual Return (MGT-7A) OPC and Small Company

Posted by CS Divesh Goyal 25 July 2021 3736 Views

Every company shall file its annual return in Form No. MGT-7 except for a One Person Company and a Small Company who shall file their annual return from FY 2020-2021 onwards in Form No. MGT-7A.

Offsetting the excess CSR spent for FY 2019-20 against mandatory CSR obligation for FY 2020-21

Posted by CS Divesh Goyal 25 July 2021 937 Views

Several representations have been received by MCA for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of contribution to 'PM CARES Fund' against the mandatory CSR obligation for FY 2020-21.