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Penalty for non-maintenance of registered office

Posted by Affluence Advisory 27 August 2022 6411 Views

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

Posted by Affluence Advisory 20 August 2022 16001 Views

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.



Can company give loans to directors and relatives?

Posted by Affluence Advisory 17 August 2022 7916 Views

Section 185 of the Companies Act, 2013 contains prohibition, restriction and exemption for providing Loan, Guarantee, and Security to the Directors of the Company and any of their relatives.



Misconceptions regarding filing of annual return and applicability to prepare extract of annual returns

Posted by Affluence Advisory 08 August 2022 13451 Views

Annual Return is a significant document for all the Stakeholders of the Company as it provides in a nutshell, very comprehensive information about various aspects of the Company.



Ratification in context of Companies Act, 2013

Posted by Affluence Advisory 26 July 2022 5410 Views

The expression "ratification" was precisely defined by the English Court in one old case, Hartman v. Hornsby as under "Ratification" is the approval by act, word, or conduct, of that which was attempted (of accomplishment), but which was improperly or without proper authority performed in the first instance."



Non Compliance in the use of KMP designation by private companies

Posted by Affluence Advisory 22 July 2022 9030 Views

The executive management of a company is responsible for the day-to-day functioning of the company. The Companies Act, 2013 has used the term key managerial personnel to define executive management. The key managerial personnel are the point of first contact between the company and its stakeholders.



Related Party Transaction - Part 1

Posted by Affluence Advisory 21 July 2022 3898 Views

The regulators has imposed restrictions for related party transactions for empowering protection to the minority shareholders' interests through requirement of the approval of the shareholders through a resolution for all material related party transactions, wherein all the related party of the company refrain from voting.



Foreign company can set up their operations in India through Branch Office / Liaison Office / Project Office

Posted by Affluence Advisory 20 July 2022 10945 Views

A company incorporated outside India have an option to have an office in India by way of a branch office (BO), a liaison office (LO) and a project office (PO). ...



Ease of doing business in India: An analysis

Posted by Affluence Advisory 02 July 2022 8496 Views

A favorable business environment is a prerequisite for the economic growth of a nation. A country like India which is among the fastest developing countries in the world has the potential to surpass the leading countries in terms of business.



Roadmap / Blueprint of External Commercial Borrowings- ECBs

Posted by Affluence Advisory 25 June 2022 4081 Views

Globalization has paved way for international financing which helps the organization to engage in cross-border transactions with foreign business partners, such as customers, investors, suppliers, and lenders. Indian companies have an option to mobilize funds through ECB mode from the foreign market to have optimum capital structure.




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