Q : What is the definition of Financial Statement as per Companies act 2013 ? According to section 2(40) ( Enforced with effect from 12-9-2013.) of the 2013 Act, in relation to a company, the term “financial statement” includes: (i) a balance sheet as at the end of the financial year; (ii) a… Read More »
Q Can the Transferee Company can change its name as per Amalgamation Scheme without adhering to Companies Act ? Where scheme of amalgamation provided that name of transferee company would be deemed to have been changed to name of transferor company but Regional Director raised an objection that transferee company would follow Procedures and Rules… Read More »
Easy Steps to Calculate Depreciation as per Schedule II for the year 2014-15 Classify Assets as per Schedule II. Determine useful life as per Schedule II. Calculate Used Life of Assets till 31st Mar 2014. Determine remaining useful life (useful life as per schedule II- used life till 31st Mar 14). Remaining useful life may be round… Read More »
BOOKS OF ACCOUNT OF COMPANY OBLIGATION OF THE COMPANY TO MAINTAIN BOOKS OF ACCOUNT Provisions relating to accounts of companies are dealt with under Chapter IX (sections 128 to 138) of the Companies Act, 2013 (hereinafter referred to as ‘the Act’/’the 2013 Act’). Section 128(1)/(2) of the Act deals with obligations of company to maintain… Read More »
BRANCH OFFICE IN INDIA ESTABLISHMENT OF BRANCH OR OFFICE IN INDIA 1 Background Provisions to prohibit, restrict and regulate establishment in India of a branch or office or other place of business by a person resident outside India are contained in Foreign Exchange Management (Establishment in India of Branch or Office or other Place of… Read More »
Government of India Ministry of Commerce and Industries Department of Industrial Policy and Promotion (v. 11.08.2015) Major Initiatives on Improving Ease of Doing Business in India. The Government of India has taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules… Read More »
Shares of the company are delisted, please advice? Shares of the company are delisted on either of the following ground; (i) Compulsory Delisting. (ii) Voluntary Delisting. (iii) Delisted by Operation of Law. As the shares of the company are no longer listed on the Stock Exchange, it will not be possible for you to… Read More »
FAQs ON DIGITAL SIGNATURE CERTIFICATE (DSC) : Companies What is the process of obtaining DSC from Certifying Authority? • Digital Signature Certificate (DSC) Applicants can directly approach Certifying Authorities (CAs) with original supporting documents, and self-attested copies will be sufficient in this case • DSCs can also be obtained, wherever offered by CA, using Aadhar… Read More »
FAQs ON CORPORATE BANK ACCOUNT 1. Is the Corporate Bank opening account form applicable for opening account in any bank/branch anywhere in India? Presently, only following banks are covered opening of corporate bank account through MCA: ♦ HDFC Bank ♦ Andhra Bank ♦ Kotak Mahindra Bank 2. Whether only director can… Read More »
FAQs ON USER REGISTRATION ON MCA 1. Why do I need to register myself as a user on MCA portal? To file an eForm or to avail any paid service on MCA portal, you are first required to register yourself as a user in the relevant user category, such as registered and business user. 2.… Read More »