Articles by CS Jigar Shah

Significant Beneficial Ownership (Amendment) Rules, 2019

Posted by CS Jigar Shah 14 August 2019 6680 Views

On June 14, 2018 the Ministry of Corporate Affairs (MCA) issued the Companies (Significant Beneficial Owners) Rules, 20181 (SBO Rules). The Rules, as name sugg...

Fine vs Penalty - Companies (Amendment) Ordinance, 2018

Posted by CS Jigar Shah 22 May 2019 9325 Views

The Companies (Amendment) Ordinance, 2018 promulgated on November 02, 2018 thereby amending some of the sections of the Companies Act, 2013. One of the major hi...

Understanding the NFRA rules

Posted by CS Jigar Shah 22 May 2019 7808 Views

Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement N...

eForm AOC-5 - Why is it a relevant form for companies today?

Posted by CS Jigar Shah 01 May 2019 14390 Views

To incorporate a Company, proof of address is mandatory to have a registered office. So mostly a promoter of start-ups opens a Company using its own residential...

MGT-9 is it still relevant?

Posted by CS Jigar Shah 31 October 2018 10990 Views

Section 92(3) of the Companies Act, 2013 provides that �An extract of the annual return in such form as may be prescribed shall form part of the Board&rsq

Board Meeting through Video Conferencing under Companies Act 2013

Posted by CS Jigar Shah 11 July 2023 210924 Views

Section 173(2) of Companies Act, 2013 (The Act) read with Rule 3 of the Companies (Meetings of Board and its Powers) Rules, 2014 (The Rules), The participation ...

Appointment of the Statutory auditor still requires ratification at annual general meeting?

Posted by CS Jigar Shah 08 April 2019 52198 Views

Pursuant to the notification of Section 40 of the Companies Amendment Act, 2017 (CAA17), which has omitted first provision to the Section 139(1) of the Companie...

Unique Document Identification Number (UDIN) by ICAI is made effective from 1st January 2019

Posted by CS Jigar Shah 02 April 2019 12554 Views

Institute of Chartered Accountant of India (ICAI) has observed that financial documents/ certificates attested by third person misrepresenting themselves as CA ...

Company vs. LLP - Which is better?

Posted by CS Jigar Shah 01 April 2019 60521 Views

Limited Company means a Company registered under the Indian Companies Act (Companies Act, 2013). Broadly there are two types of Companies in India

Chit Funds - All you want to know

Posted by CS Jigar Shah 25 March 2019 14776 Views

A chit fund was a very popular type of savings scheme in and forms the major chunk of the unorganized money market industry of India. The chit fund company, whi...