Section 441 of Companies Act

Section 441 of Companies Act Section 3(38) of General Clauses Act, 1987 describes an offence as an act or omission which is considered to be punishable under any of the existent laws. Such offences could either be compoundable or non-compoundable.…

Secretarial Standard – 2

Secretarial Standard 2 Secretarial standard 2 is aimed at helping companies implement the provisions of the Companies Act, 2013 when conducting board meetings, general meetings and annual general meetings. These mandatory standards are issued by the Institute of Company Secretaries…

Key Management Personnel

Key Management Personnel (KMP) Key Management Personnel (KMP) is a group of persons who are responsible for managing the operations of a company. The word ‘personnel’ indicates that it refers to a group of persons rather than one person. They…

Form MGT-8

Form MGT-8 Form MGT-8 is a certification provided by a practicing company secretary on a company’s annual return, according to the Companies Act 2013, under Section 92(2). In Form MGT-8, the CS certifies that the annual return discloses the facts…

Increase in Penalty for Not Filing Annual Return

Increase in Penalty for Not Filing Annual Return The Companies (Registration Offices and Fees) Second Amendment Rules, 2018 was notified by the Ministry of Corporate Affairs on 7th May, 2018. This rule is a very important rule for all professionals and…

Companies (Registration Offices and Fees) Second Amendment Rules, 2018

Companies (Registration Offices and Fees) Second Amendment Rules, 2018 The Companies (Registration Offices and Fees) Second Amendment Rules, 2018 significantly raises the penalty for not filing annual return of a company. All companies registered in India must file Form MGT-7…

Minutes of Meeting

Minutes of Meeting Minutes are an official recording of the proceedings of a Board Meeting or Annual General Meeting or any other meeting and the business transacted at the Meeting. All companies registered in India are required to maintain Minutes of all…

CARO 2016

CARO 2016 - Companies Auditor Report Order Rules CARO 2016 requires that the auditor’s report of specified companies should include a statement on certain prescribed matters as provided under the Companies Act, 2013. These requirements with respect to the Auditor's…

Contents of Annual Return

Contents of Annual Return An annual return is a document that contains details of a company's share capital, indebtedness, directors, shareholders, changes in dictatorships, corporate governance disclosures etc. The regulations of the Companies Act, 2013 specifies that every company must…

Form MGT-7

Form MGT-7 - Annual Return Form MGT-7 must be filed by all companies registered in India every year. Form MGT-7 is the form for filing annual return by a company. The due date for filing MGT-7 is 60 days from date…