Articles by CS Binit Thakur

Section 403 Explained: Why Rs 100 Per Day Late Fee Applies on AOC-4 & MGT-7

CS Binit Thakur 16 April 2026 at 09:09

Understand Section 403 of the Companies Act, 2013 and why Rs 100 per day late filing fee applies for AOC-4 and MGT-7. Learn how delay is calculated from the original due date under Sections 92 and 137, even if AGM is delayed.

Companies Compliance Facilitation Scheme, 2026 (CCFS-2026): A Golden Compliance Reset for Defaulting Companies

CS Binit Thakur 14 April 2026 at 10:10

The MCA's Companies Compliance Facilitation Scheme (CCFS-2026) offers a one-time opportunity from April 15 to July 15, 2026, for companies to clear pending filings at significantly reduced fees, gain immunity from penalties and opt for dormancy or strike-off, helping regularise compliance and avoid strict post-deadline action.

Corporate Laws (Amendment) Bill 2026: Key Changes Explained with Section-wise Comparison

CS Binit Thakur 27 March 2026 at 09:42

The Corporate Laws (Amendment) Bill, 2026 brings key reforms to the LLP Act, 2008 and Companies Act, 2013, introducing IFSC LLPs, easing foreign currency operations, and boosting India's global business competitiveness.

Taxation Impact on Buy Back w.e.f 1st October 2024

CS Binit Thakur 05 April 2025 at 08:45

Starting October 1, 2024, significant changes have been implemented in the taxation of share buybacks in India.

Process of Conversion of LLP into a Private Limited Company

CS Binit Thakur 05 April 2025 at 08:36

The conversion of a Limited Liability Partnership (LLP) into a Private Limited Company is governed under the Companies Act, 2013 and requires compliance with the Companies (Incorporation) Rules, 2014.

Exploring the Legality: Interest-Free Loans from Parent Companies to Wholly Owned Subsidiaries

CS Binit Thakur 05 April 2024 at 08:38

The matter at hand involves the permissibility of a company extending an interest-free loan to its Wholly Owned Subsidiary Company, as governed by the provisions of Section 186 of the Companies Act, 2013. The key considerations and relevant provisions are summarized below.

Can LLPs Engage in Financing Activities? RBI's Approval Holds the Key

CS Binit Thakur 03 April 2024 at 14:11

Can LLPs do financing activity? If an LLP wishes to run non-banking financial activity, then it is required to obtain prior approval from the Reserve Bank before starting the business.

An overview on MSME - Revised Structure and benefits of MSME Registration

CS Binit Thakur 18 May 2020 at 10:42

The MSME registration scheme has no statutory basis. Units would normally get registered to avail some benefits, incentives, or support given either by the Central or State Govt. Benefits available under the MSMED Act.

Eligibility of CSR expenditure through a registered trust on school

CS Binit Thakur 29 April 2020 at 10:55

CSR is intended for spending on welfare areas for which the government claims to lack funds and requires assistance. Yes, Corporate can claim Contribution given to a School though any trust and/or Corpus of trust for the purpose of promoting education.