MSME Reporting Compliance | MSME Form 1
MSME Reporting Compliance | MSME Form 1 Every specified company is required to file a half yearly return with the eForm MSME Form 1 providing the details of outstanding dues to Micro, Small and Medium Enterprises. The term specified company here would mean to include all such companies who have inward transactions such as supplies with Micro, Small and Medium Enterprises and payment for such supplies are outstanding for a period of forty-five days or more from the date [...]
Certificate of Commencement of Business
Certificate of Commencement of Business The Companies Amendment Act 2018 has brought back the requirement to file a certificate of commencement of business for all companies registered on or after 2nd November 2018. This is particularly important compliance to follow because the penalties for non-filing are really high. Requirement & Procedure: This particular compliance has a straightforward process, a certificate of commencement of business has to be obtained within 180 days of the date of incorporation and an eForm [...]
Meetings for a Private limited Company
Meetings for a Private limited Company As power to take decisions for a company is vested upon board and its shareholders, naturally there is a requirement for them to meet up and decide.This is not only generalized requirement but there are specific provisions mandating Meetings of Board and Shareholders specifying frequency, purpose to meet and types of resolutions required. Provisions governing meetings of board and shareholders is discussed in following paragraphs. Types of Meetings and procedural aspects Board Meetings [...]
ROC Compliance for Loans in Private Limited Companies: Complete 2025 Guide
ROC Compliance For Loans In Private Limited Companies Understanding ROC Compliance in Private Limited Companies Private limited companies, being artificial legal entities with perpetual succession, operate through a Board of Directors entrusted with the authority to manage the company's affairs.The Ministry of Corporate Affairs (MCA) governs all companies in India under the Companies Act, 2013, ensuring transparency, regulatory compliance, and corporate accountability. While the board exercises decision-making power through resolutions — passed in meetings or through circulation — the [...]
Increasing Capital Of Private Limited Companies
Increasing Capital Of Private Limited Companies There are many restrictions when it comes to issuing of shares in a private limited company It is prohibited from inviting any funds from the public by issuing shares/securities of the company. Restriction on the number of members – i.e maximum no. of members which private limited company is allowed to have is 200. Restriction in transferability of its shares. Despite the restrictions placed upon it, equity financing is always been a favorite [...]
Fraud Reporting of Companies
Fraud Reporting of Companies In this global era, corporate fraud has always been a major problem to be addressed to. Though there are various punishments for its commission, stringent reporting mechanism was required for corporate frauds. Unlike Companies act, 1956, Companies act, 2013 have provided a separate and clear mechanism for reporting of fraud committed in the company by its officers and employees. These provisions are discussed herewith - Meaning of fraud As per the provisions of the act, [...]
