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  • Full Guide on MGT-7

    What Is Form MGT 7?
    MGT-7 is an electronic form provided by the Ministry of Corporate affairs to all the corporates in order to fill their annual return details. This e-form is maintained by the Registrar of Companies via electronic mode and on basis of the

  • Handbook on Different Dimensions of Mergers & Demergers

    A merger is a combination of two companies where one corporation is completely absorbed by another corporation. The less important company loses its identity and becomes part of the more important corporation, which retains its identity. It may involve absorption or consolidation.

  • All About One Person Companies and Small Companies & FAQs

    Relaxation for Small Companies and One Person Company as per Union Budget 2021

    The Union Budget 2021 has proposed 2 major changes in companies Act First one is relaxes threshold for Small Companies and 2nd one is allows NRIs to form One Person Company.


  • All About Advance Authorization Scheme : Eligibility, Exempt Duties, Export Obligation

    1.What is the Advance Authorization Scheme?

    The Advance Authorization Scheme is a scheme where the import of inputs will be allowed to be made duty-free (after making normal allowance for wastage) if they are physically incorporated in a product

  • Handbook on Bank Audit 2021- Tips For BaNCS

    For a banking sector, composite system / software which handles transactions, customer relations, regulatory compliances, MIS/ reports request is the need of the hour. Core Banking Systems (CBS) provide the solution for the same. There are number of Core Banking Software’s available in the market. More prominent and used in India are FINACLE, FLEXCUBE and

  • All About ROC Compliance Calendar For FY 2021-22

    Companies and LLPs in India are required to comply with annual filings under the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. The filings with the ROC should be made once a year or on the occurrence of specified events.

    ROC Compliance

  • Discussion on What Is Pre-Pack Insolvency Or Bankruptcy?

    The Insolvency and Bankruptcy Code, 2016, has boosted the industry in terms of either reviving the company in question or faster liquidation of the same without letting them deteriorate. Essentially it has brought down the timeline for recovery/ resolution from decades to a few years at the most. However, at the same time, the process under the IBC requires both

  • Handbook on How to Register with MCA to become eligible for getting CSR funding

    MCA has published a message on its website to inform that Form CSR-1 is available for filing as eForm on its website and advised stakeholders may to take note of it and plan accordingly.


    All About The Insolvency And Bankruptcy Code, 2016 - Key Highlights

    At present, there are multiple overlapping laws and adjudicating forums dealing with financial failure and insolvency of companies and individuals in India. The current legal and institutional framework does not aid lenders in effective and timely recovery or

  • Guidelines for filing of form NDH-4 (Application for Declaration/ Updation of status of Nidhis)

    Notification: Ministry of corporate affairs had issued Notification dated 01st July 2019. These rules called as Nidhi (Amendment) Rules, 2019 and came into force with effect from 15 August, 2019.

    Applicable to- All Nidhi Companies.

    CFSS 2020 & LLP Modified Settlement Scheme 2020- Guide & FAQs

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    Company Fresh Start Scheme (CFSS), 2020 & Modified LLP Settlement Scheme, 2020

    In line with government initiative to ease of doing business & good

  • Form 20A – Declaration for the Commencement of Business- Guide & FAQs


    As per the Companies (Amendment) Ordinance 2018, there is a requirement for all the companies registered on or after 2 November 2018 to file a certificate of commencement of business. Form 20A is a declaration filed by the directors within 180


    Subject to the provisions of Companies Act 2013 and the conditions contained in its memorandum, if any, a Company may, by a Special Resolution, alter its articles including alterations having the effect of conversion of a Public Company into a Private Company. Any

  • Article on Procedure for transferring unclaimed or unpaid dividend to IEPF & FAQs

    Procedure for transferring unclaimed or unpaid dividend to Investor Education and Protection Fund (IEPF) in brief

    Applicable Provision: Rule 5 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 r/w Section 125 of

  • All About Producer Company in India Under Companies Act, 2013

    Meaning of a Producer Company
    A producer company can be defined as a legally recognized body of farmers/ agriculturists with the aim to improve the standard of their living and ensure a good status of their available support, incomes and profitability. Under Companies Act 1956,

  • Article on How can startups protect their Intellectual Property using their IPR

    It gets too overwhelming a process once you set out to start a new business. It may leave you in doubts, anxiety and a ton of other legitimate issues. One of the major areas that businesses need to stay aware about is Intellectual Property Rights. Once the fundamentals of deciding the right business structure are cleared, IPR helps to differentiate your business

  • Article on Relaxation in time for filing form DPT-3, CFSS And CHG-1


    In continuation of the Ministry’s General Circular no. 07/2021, it has been decided to substitute the figure “31.05.2021” and “01.06.2021” wherever they appear in the said circular with the figures “31.07.2021” and

  • Article on Motor Insurance Frauds -Detection And Control

    What Is Insurance Fraud?
    Insurance fraud is an illegal act on the part of either the buyer or seller of an insurance contract. Insurance fraud from the issuer includes selling policies from non-existent companies, failing to submit premiums, and churning policies to create more

  • Article on Redemption of preference shares under Companies Act, 2013

    Redemption of Preference Shares means the repayment to the shareholders of preference share capital. A company may redeem its preference shares only on the terms on which they were issued or as varied after due approval of preference shareholders and the preference

  • All about abridged form of Annual Return for One Person Company and Small Company

    The Central Government has prescribed an abridged form of annual return for One Person Company (OPC) and small company” by amending the provisions of Companies (Management and Administration) Rules, 2014 which shall come into force from 05th March, 2021. 1. Rule 11(1) of the Companies (Management and Administration) Rules, 2014 Prior to this amendment, every company