General Rule (under Company Law):
Once a dividend is declared at the Annual General Meeting (AGM), based on the recommendation of the Board of Directors, it becomes a debt payable by the company to its shareholders

But what happens if the company suffers an unexpected loss, such as a fire destroying its office? Can the dividend still be revoked in that case

Does the appointment of a Whole-Time Company Secretary (KMP) as an Internal Auditor under Section 138 of the Companies Act, 2013, violate the independence and objectivity principles mandated for internal audits, considering their dual role under Secretarial Standard-2 and SEBI (LODR) Regulations for listed entities?

Hello Experts, a private limited company was incorporated on 24.07.2024. However, they approached me as they want me to be appointed as their Statutory Auditor for a term of 5 years from now. However, on seeing their masterdata, I came to know that they didn't appointed First Auditor till today i.e as of 03.05.2025.

Now, my query is, Shall I be appointed as their first auditor till the conclusion of first AGM and later continue as their Statutory Auditor or Shall I be appointed as Statutory Auditor directly for a term of 5 Years from now without appointing myself as first auditor ? What are the Penal Proceedings for not appointing First Auditor of a Company ?

Thanks in Advance.

Please clarify the forms if any to be filed on the MCA Portal for allotment of shares after the commencement of business for a newly incorporated company.

Thank you !

Dear Sirs : One of my client (private limited company) crossed net profit of five crores for financial year ending 31-03-2024. Three years CSR fund at 2 % of average profit for 21-22 , 22-23, 23-24 comes to Rs.7 lakhs. No provisions for CSR funds is made for year ending 31-03-2024. Kindly help me by providing a rule / circular that states that : CSR fund of Rs.7 lakhs to be applicable and to be consumed after 01-04-2024 ... Regards

A Pvt Ltd company registered under the Companies Act 1956 wants to convert its MOA & AOA to e-MOA & e-AOA. What is the details procedure for such conversion?

what are the matters to be considered while accepting inter-corporate loan under companies ACT GST and Income Tax

Is monetary contribution considered CSR only if given to funds listed in Schedule VII?
Is a contribution to a local registered charitable trust eligible as CSR expenditure?

Greetings to all professionals

My partner have recently filed Form CSR-1 for registration of society registered under UP Society Act for CSR activities. A clerical mistake was incurred by an article while inputting name of society and errorneously there happens to be an ommission in the full name of society. Above all after filing certificate is also generated with that incorrect name on auto approval basis. Now how can this mistake be rectified or if any learned professional can undertake this issue to get it correct anyhow. Kindly provide your valuable advice and support regarding it.
Note: A CS have also tried filing Form GNL-1 but it is not taking in it also.

Regards
CA. Arpit Gupta
Contact No.: (+91) 8574604737 ; (+91) 7991609421

Is payment of remuneration to a NED as per section 197 read with Schedule V of the Companies Act, 2013, in case of a company not having profits (SR obtained from shareholders in case the payment exceeds the limits payable under Schedule V- based on effective capital) will be termed as RPT u/s 188 (1) (f) read with 188 (1) 1st proviso (please suggest if monthly payment is 2.5 lakhs or exceeds this limit)?