Articles by Affluence Advisory

Web-based Form DPT-3 as per New Rules

Affluence Advisory 26 December 2022 at 13:08

Ministry of Corporate Affairs "MCA" has vide its notification dated 29th August, 2022 amended the Companies (Acceptance of Deposits) Rules, 2014 and introduced the new Web-based form DPT-3 under section 73 of Companies Act, 2013.

ITC on CSR expenses

Affluence Advisory 15 December 2022 at 14:10

In our view, the companies undertaking CSR projects can only have the query on ITC availment of goods and services used to incur CSR expense and no query on ITC pertaining to capital goods.

GSTR 9 and 9C: Optional to Mandatory reporting in FY 2021-22

Affluence Advisory 07 December 2022 at 12:41

In this article, we would mainly comment on applicability of GSTR 9 and 9C along-with key pre-requisites.

CSR Compliances as per New Rules 2022

Affluence Advisory 30 September 2022 at 14:15

The Companies Act, 2013 (the Act) introduced the mandatory provisions of CSR and accordingly Section 135 of the Act and the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 ["CSR Rules"] framed thereunder govern CSR in India.

Mandatory appointment of Company Secretary

Affluence Advisory 21 September 2022 at 08:54

Let's go through the important aspects as well as the procedure for the appointment of the Company Secretary (C.S.).

Amendment to the definition of small company and benefits

Affluence Advisory 19 September 2022 at 08:46

The Ministry of Corporate Affairs has notified an amendment in the Companies (Specification of Definitions Details) Rules, 2014 that come into force from 15th September, 2022. The Amendment has been introduced to provide ease of doing business and to reduce the burden of compliance from a large number of companies as the definition has been widened to cover more companies.

Obligation to indicate Director Identification Number (DIN)

Affluence Advisory 16 September 2022 at 14:06

Section 158 of Companies Act, 2013 states that every person or company, while filing any return, information or particulars as are required to be furnished under this Act, shall mention the Director Identification Number ("DIN") in such return, information or particulars in case such return, information or particulars relate to the director or contain any reference of any director.

CSR Compliances as per New Rules

Affluence Advisory 29 August 2022 at 13:33

The Companies Act, 2013 (the Act) introduced the mandatory provisions of CSR and accordingly Section 135 of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014 ["CSR Rules"] framed thereunder govern CSR in India.

Penalty for non-maintenance of registered office

Affluence Advisory 27 August 2022 at 11:38

Every Company should maintain its registered office pursuant to Section 12 of the Companies Act, 2013.

Physical Verification of Registered Office of the Companies by ROC

Affluence Advisory 20 August 2022 at 16:22

The MCA vide notification dated 18/08/2022 has notified Companies (Incorporation) Third Amendment Rules, 2022 to insert a new rule in Companies (Incorporation) Rules, 2014, which pertains to physical verification of the registered office address of the Companies.