MCA Form No. MGT-7 and Form No. MGT-7A – 2021

MCA Form No. MGT-7 and Form No. MGT-7A - 2021 The Ministry of Corporate Affairs (MCA) has come up with various crucial amendments by introducing the Companies (Management and Administration) Amendment Rules, 2021 vide a notification dated 5th March 2021. With this notification,…

Companies (Incorporation) 2nd Amendment Rules 2021

Companies (Incorporation) 2nd Amendment Rules 2021 The Ministry of Corporate Affair (MCA) has notified the Companies (Incorporation) 2nd Amendment Rules, 2021 to further amend the Companies (Incorporation) Rules, 2014. With this notification, MCA amends the provision related to the conversion…

AOC-4

AOC-4 Filing The financial statements of a company must be filed with the Ministry of Corporate Affairs every year. The MCA form for filing financial statements is AOC-4. Hence, Form AOC-4 is submitted with the MCA for each Financial Year…

ET Wealth: 7 Reasons to Incorporate One Person Company

ET Wealth: 7 Reasons to Incorporate One Person Company At IndiaFilings, we help thousands of entrepreneurs start their business each year. Before the introduction of One Person Company (OPC), a minimum of two persons was required to start a business…

Filing Annual Return of Company

Filing Annual Return of Company The Companies (Management and Administration) Rules, 2014 requires all companies to prepare and file an annual return at the end of close of each financial year. Non-filing of annual return can attract stringent penalty and…

Register as Dormant Company

Register as Dormant Company A Limited Company or Private Limited Company or One Person Company can register itself as a dormant company and avail certain exemptions from mandatory compliances. Dormant company status is mainly obtained for companies registered to hold…

Loan to Director of Company

Loan to Director of Company Companies Act, 2013 restrictions a company in India from providing to loan to a director or to a person connected with a director. Section 185(1) of the Companies Act, 2013 deals and in this article…

Is One Person Company Right For You?

Is One Person Company Right For You? The Companies Act, 2013 has introduced a new type of business constitution in India, known as One Person Company (OPC). With the rollout of the MCA E-Filing services slated to be completed on…

Rules for Incorporation of One Person Company

Rules for Incorporation of One Person Company The Companies Act 2o13 introduced a new form of business entity called the One Person Company in India and rules for incorporation of a One Person Company has been defined in the Draft…