Articles by CS Jigar Shah

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E-form 22A (Active Form) introduced by MCA on 21st Feb

Posted by CS Jigar Shah 21 August 2019 27756 Views

MCA introduces new e-form 22A � also known as eForm ACTIVE (Active Company Tagging Identities and Verification) 1) Applicable to?The Form 22A is applicab



Significant Beneficial Ownership (Amendment) Rules, 2019

Posted by CS Jigar Shah 14 August 2019 6650 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 9310 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 7768 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 14341 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...



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

Posted by CS Jigar Shah 08 April 2019 52143 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 12529 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 60481 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 14692 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...



New forms introduced for Incorporation of LLPs

Posted by CS Jigar Shah 20 March 2019 6749 Views

Ministry of Corporate affairs vide LLP (Second Amendment) Rules, 2018 dated Septemebr 18, 2018 brought manifolds changes in the process of incorporating LLP. Th...




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