Fast Track Merger
FAST TRACK MERGER Fast Track Merger is a provision that permits a streamlined and accelerated merger process for certain classes of companies. It seeks to simplify the merging process, save money, and guarantee that it is finished by the deadline. This provision is governed by Section 233 of the 2013 Companies Act. For particular classes […]
What is condition to file Income tax return online in India
In India, the conditions to file income tax returns (ITR) online are as follows: Income Threshold: If your total income during the financial year exceeds the basic exemption limit, you are generally required to file an income tax return. The exemption limits are subject to change each year and vary based on factors such as […]
Compounding of Offences Under the Companies Act, 2013
COMPOUNDING UNDER COMPANIES ACT, 2013 The Section 441 of the Companies Act, 2013 deals with the Compounding of offence. As per Section 441(1) of the Companies Act, 2013 notwithstanding anything contained in the Code of Criminal Procedure, 1973, any offence punishable under this Act whether committed by a company or any officer thereof not being […]
Website Disclosure under Companies Act, 2013
WEBSITE DISCLOSURE The Companies Act of 2013 requires that specific information be made available on the company website. Information such the business’s name, registered office address, corporate identity number, contact details (email, phone, fax) and representative’s name in case of complaints or inquiries. Letterhead, business letters, billheads, letter sheets, official publications, and notices must all […]
Return of Deposit (DPT-3)
Return of Deposit (DPT-3) In order to safeguard the interest of creditors or depositors, the Central Government in consultation with the Reserve Bank of India notified the amendment in the Companies (Acceptance of Deposits) Rules 2014 through Companies (Acceptance of Deposits) Amendment Rules 2019. Introduction MCA vide its notification dated 22nd January 2019 notified that […]
Director Identification Number (DIN)
Director Identification Number What is Director Identification Number (DIN)? In accordance with Sections 153 and 154 of the Companies Act of 2013, an individual who is appointed as a director of a company is given a DIN, which is a unique identification number. When a new company is formed, an application for the allocation of […]
Conversion of Section 8 Company
CONVERSION OF SECTION 8 COMPANY A Section 8 Company is a nonprofit organization with the objectives of advancing Sports, Education, Science, Arts, and Charitable endeavors. Such businesses do not split their profits among their shareholders, but rather use them to advance these goals. Procedure for conversion: – The requirements of Rules 21, 22, and 23 of […]
Declaration of Interim Dividend
Declaration of Interim Dividend As per section 123(3) of Companies Act, 2013, a dividend is said to be an Interim dividend, if it is declared by the Board of directors during any financial year out of surplus in the profit and loss account and out of profits of the financial year in which such interim […]
Compliance Calendar for June 2023
JUNE DATE COMPLIANCE 7 1) Deposit of withholding tax (TDS/TCS) for May 2023 2) Deposit of Equalization levy for the Month of May 2023 11 Filing of Monthly GSTR 1 (Outward Supply Return) for May 2023 13 1) Filing of Monthly GSTR 6 (ISD Return) for May 2023 […]
Partnership Firm Registration Process
Partnership Firm Registration Process Steps for registering a Partnership Firm in Delhi The members should first choose a name, make sure it is available, and check that it complies with the legislation. The members should next cooperate to get all the required documents notarize and certify to any necessary documents. Writing and notarizing the Partnership […]
