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Articles by CA Nitesh Kumar More

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Draft exemption notifications on private limited company

  CA Nitesh Kumar More    05 December 2014 at 10:50

1. Comments: In case of Private Ltd Companies, its holding, subsidiary or an associate company or other subsidiary of its holding company will not be treated as related party. Chapter I, sub-clause (viii) of clause (76) of section 2 shall not apply

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Posted in Corporate Law  2 comments |   18309 Views


Process of approval of Directors report & FS

  CA Nitesh Kumar More    10 October 2014 at 11:15

Process of approval of Directors report & FS: MGT 14 can be filled by 20th Oct, if Board meeting held on 21st Sep & shorter notice for AGM 1) Auditor had been appointed in last AGM & audit, say , whole year(generally,in case of Big CO). I

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Posted in Corporate Law  4 comments |   19356 Views


Law regarding filing of form MGT.14 under Companies Act, 2013

  CA Nitesh Kumar More    08 September 2014 at 11:03

Section-117 [x1] of the Companies Act, 2013, a copy of every resolution or any agreement, in respect of matters specified in sub-section (3) together with the explanatory statement under section 102[x2] , if any, annexed to the notice calling the me

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Posted in Corporate Law  3 comments |   18711 Views


Resolutions to be passed to reduce filing fees of MGT14

  CA Nitesh Kumar More    30 August 2014 at 13:01

RESOLUTIONS TO BE PASSED TO REDUCE FILLING FEES OF MGT14 of small & medium size companies, if draft exemption is not passed in parliament 1) First board meetings of small & medium size companies should pass resolutions in respect of following

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Posted in Corporate Law  4 comments |   24963 Views


Draft Board resolutions to be passed in first board meeting

  CA Nitesh Kumar More    29 August 2014 at 10:37

Note: if you are required to file DPT4 , a resolution should be passed authorizing a director to file DPT4. Such approval can be in either First Board meeting or in subsequent board meeting. Similar requirement is for the granting or borrow of Loan o

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Posted in Corporate Law  1 comments |   24114 Views


Form 5 INV is not required to be filed in every case

  CA Nitesh Kumar More    04 August 2014 at 11:37

When a Company is required to file form 5 INV? As per Rule 3 of Investor Education and Protection Fund (Uploading of information regarding unpaid & unclaimed amount lying with companies) Rules 2012, every company (including Non-banking Financia

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Posted in Corporate Law  1 comments |   9945 Views


Simple Process to raise capital for unlisted companies under new Company Law

  CA Nitesh Kumar More    04 August 2014 at 11:36

A. A Pvt Ltd is having two members, Mr A & Mrs A. Co wants to raise Rs 2 Lakhs by issue of equity shares. Mr A & Mrs A do not want to invest further. Even Mrs A wants to sell some shares. However, Mr C wants to invest in the Company. It is

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Posted in Corporate Law  6 comments |   16485 Views


Changes made by Finance(No.2) Bill,14 passed by Lok Sabha

  CA Nitesh Kumar More    26 July 2014 at 12:23

Changes made by Finance (No. 2) Bill, 2014 as passed by the Lok Sabha 1. Unlisted securities and units of MF transferred between 1-4-2014 and 10-7-2014 shall be deemed to be long-term capital assets, if held for more than 12 months: It is propo

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Posted in Others |   18240 Views


Income Tax - TDS and Section 40(a)(ia) - 2012 Amendment

  CA Nitesh Kumar More    14 June 2014 at 12:04

DEEMED date of payment of tax by the resident payee As per Section 40(a)(ia) of the Income Tax Act, the following deduction is not allowed: (ia) Any interest, commission or brokerage, fees for professional services or fees for technical services pay

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Posted in Income Tax  9 comments |   209553 Views


Loan given by Holding Co. to Subsidiary Co. does not always attract Sec.185

  CA Nitesh Kumar More    31 May 2014 at 11:52

There is a general conception that if subsidiary co do not utilize loan given by its holding co for its principal business, provisions of sec 185 is attracted each & every time. In other words, if loan given or guarantee given or security provide

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Posted in Corporate Law  2 comments |   17340 Views