Internal Audit Applicability Under Companies Act, 2013

Internal Audit Applicability Under Companies Act, 2013 Internal audit applicability is a critical concept for companies in India, impacting various aspects of their operations. The Companies Act 2013 outlines the rules and regulations determining which companies must have an internal audit function. This ensures strong internal…

 MCA Imposes ₹40 Lakh Penalty for Non Filing MGT-7 AND AOC-4   

 MCA Imposes ₹40 Lakh Penalty for Non-Filing MGT-7 AND AOC-4 Ensure compliance with regulatory filings is paramount for companies operating in India to maintain transparency and avoid penalties. Submitting AOC-4 and MGT-7 forms to the Ministry of Corporate Affairs (MCA)…

MCA Imposes ₹3.50 Lakh Penalty for AOC-4 Non-Compliance

MCA Imposes ₹3.50 Lakh Penalty for AOC-4 Non-Compliance Once a company is incorporated, the Directors are responsible for ensuring that the company files various regulatory and statutory filings on time. Failure to submit the annual financial statements through AOC-4 can…

Key Changes to India’s CSR Policy for Companies

Key Changes to India's CSR Policy for Companies Corporate Social Responsibility (CSR) is a mandatory requirement in India for companies that meet certain financial thresholds. The Companies (Corporate Social Responsibility Policy) Rules, 2014 outlines the foundational framework for CSR. On…

The Jurisdiction and Functions of The National Company Law Tribunal

The Jurisdiction and Functions of the National Company Law Tribunal The National Company Law Tribunal (NCLT) plays a pivotal role in the Indian corporate landscape, serving as a specialized quasi-judicial body entrusted with adjudicating a broad spectrum of matters related…

Beneficial Interest in Company Section 89 of Companies Act, 2013

Beneficial Interest in Company Section 89 of Companies Act, 2013 The Companies Act of 2013 provides a framework for legal and beneficial activities by companies, subject to approval and guidelines. Section 89 is a critical provision that allows individuals and…

Financial Statements – AOC 4 Filing

Financial Statements - AOC 4 Filing Financial Statements are a comprehensive record, capturing a company's financial activities and current financial standing. These statements not only furnish critical data to stakeholders but also equip the company's Board with insights into the…

Removal of Director from a Company 

Step-by-Step Guide to Removal of Director from a Company   The directors of a company bear the responsibility for managing its day-to-day operations, while the shareholders, who are the rightful owners, delegate this role to the directors as their representatives. The…

EGM – Extraordinary General Meeting

EGM - Extraordinary General Meeting: A Comprehensive Guide Regarding corporate decision-making, companies often rely on various meetings to discuss and vote on important matters. One such meeting is the EGM. In this article, we will delve into the concept of…

AGM – Annual General Meeting

AGM - Annual General Meeting AGM full form, stands for Annual General Meeting and is a crucial company compliance event designed to facilitate communication between a company's management and its shareholders. The Companies Act of 2013 mandates the convening of…