Articles by Affluence Advisory

Relaxation w.r.t conducting of Extra Ordinary General Meetings and Postal Ballots

Posted by Affluence Advisory 03 January 2023 1409 Views

MCA vide it's circular dt: April 8,2020 and circular dt: April 13, 2020 had allowed postal ballots to be conducted through a special framework. Conducting of Postal Ballots through this special framework was allowed till December 31, 2022.

MCA extension for conducting AGMs through VC or OAVM

Posted by Affluence Advisory 30 December 2022 1975 Views

Companies registered under Companies Act, 1956 or Companies Act, 2013 ('Companies') can now conduct their annual general meeting through Video Conferencing ('VC') or other Audio-Visual Modes (OAVM) till September 30, 2023.

Web-based Form DPT-3 as per New Rules

Posted by Affluence Advisory 26 December 2022 9266 Views

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

Posted by Affluence Advisory 15 December 2022 11030 Views

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

Posted by Affluence Advisory 07 December 2022 42330 Views

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

Posted by Affluence Advisory 30 September 2022 5762 Views

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

Posted by Affluence Advisory 21 September 2022 6986 Views

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

Posted by Affluence Advisory 19 September 2022 3947 Views

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)

Posted by Affluence Advisory 16 September 2022 3789 Views

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

Posted by Affluence Advisory 29 August 2022 4999 Views

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.