Companies (Indian Accounting Standards) Amendment Rules 2021 MCA notification dated 18th June 2021

MCA has notified the Companies (Indian Accounting Standards) Amendment Rules, 2021 to further amend the Companies (Indian Accounting Standards) Rules,2015. New amendments will be effective from date of publication in official Gazette. As per amendment rules following Ind AS has been amended : 1. Ind AS 101 First-time Adoption of Indian Accounting Standards 2. IndContinue reading “Companies (Indian Accounting Standards) Amendment Rules 2021 MCA notification dated 18th June 2021”

Inclusion of Independent director in databank of Independent Directors after payment of additional fees, in case of delay in applying/renewal (MCA Notification dated 18th June 2021)

MCA has issued notification on 18th June 2021 by Companies (Creation andMaintenance of databank of Independent Directors) Amendment Rules, 2021 inserting sub rule 8 in Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019. As per new sub rule 8, In case of delay on the part of an individual in applying toContinue reading “Inclusion of Independent director in databank of Independent Directors after payment of additional fees, in case of delay in applying/renewal (MCA Notification dated 18th June 2021)”

Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode

Amid the coronavirus pandemic, MCA  amended  new rules shifting from physical board  meetings to meeting through virtual mode. MCA has amended the Companies (Meetings of Board and its Powers) Rules, 2014, omitting Rule 4 by Companies (Meetings of Board and its Powers) Amendment Rules, 2021 vide MCA Notification dated 15th June 2021. To curb the difficultiesContinue reading “Ministry of Corporate affairs eases rules for board meetings conducted through virtual mode”

Issue of Securities-Public offer, Rights issue, Private placement, Offer for Sale, IPO, FPO

A company can raise funds through issue of securities.  Issues of Securities can be classified as a 1. Public   2. Rights or 3. Preferential issues /private placements. While public and rights issues involve a detailed procedure, private placements or preferential issues are relatively simpler. : Public offer : “Public offer” includes initial public offer orContinue reading “Issue of Securities-Public offer, Rights issue, Private placement, Offer for Sale, IPO, FPO”

Fund raising options available for Private Limited Company

Every business needs fund for plant/machinery/fixed assets, working capital, business expansion etc. In this video, I have listed some fund raising options available for Private Limited Company as under-A. Further Issue of Capital–Right Issue, Employee stock optional plan (“ESOP”), Private Placement/ Preferential Allotment B. Loan and Debenture– Loan, Unsecured Loan from Director and his Relatives,Continue reading “Fund raising options available for Private Limited Company”

DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)

Dear Sir, Please find below YouTube Link of Video on DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)https://www.youtube.com/watch?v=CLLl4Sw4iG0 Topic Cover ✅ Financial planning for Dividend decisions ✅ Company law provisions applicable on declaration & payment of Dividend ✅ Taxability of divided-Taxability in hands of CompanyContinue reading “DECLARATION AND PAYMENT OF DIVIDEND{Updated with all Company Law, SEBI Income tax & FEMA provisions till May 2021)”

Monthly compilation of Video on Company Law, Succession planning, Income Tax & GST

Dear Sir, Please find below YouTube link of Monthly compilation of Video on Company Law, Succession planning, Income Tax & GST for your easy reference: 👉 Company Law Setting of Branch offices of Foreign Company in Indiahttps://youtu.be/Y30q0ZgcMcU Nidhi Company-each & everythinghttps://youtu.be/maS_1205vO4 Producer Company-each & everything https://youtu.be/MP-t3sg_qWg CSR Funding: Ngo registration for getting CSR Funding https://youtu.be/j-OG40NJl9QContinue reading “Monthly compilation of Video on Company Law, Succession planning, Income Tax & GST”

Relaxation by MCA due to COVID-19(May 2021-Updates)

Dear Friends, Please find below YouTube link of video on Relaxation by MCA due to COVID-19(May 2021-Updates)https://www.youtube.com/watch?v=MajKsxtewVM Topic Extension of Gap between Two Board Meetings Relaxation on Levy of Additional fees Relaxation of time for Charge Forms CHG-1 and CHG-9. & Non-Applicability Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’,Continue reading “Relaxation by MCA due to COVID-19(May 2021-Updates)”

COVID related CSR Activities(March 2020 to April 2021)(Updated by MCA General Circular dated 22nd April 2021)

Dear Sir, Please find below YouTube link of COVID related CSR Activities(March 2020 to April 2021)(Updated by MCA General Circular dated 22nd April 2021)https://www.youtube.com/watch?v=zNPI-BDhChI ✅ Setting up makeshift hospitals and temporary COVID-19 care facilities ✅ Covid-19 spending ✅ R&D spend on Covid-19 vaccines, drugs and medical devices ✅ Awareness campaigns/ programmes or public outreach campaignsContinue reading “COVID related CSR Activities(March 2020 to April 2021)(Updated by MCA General Circular dated 22nd April 2021)”

Producer Company-Each and everything(Updated by Producer Companies Rules, 2021)

Dear Sir, Please find below YouTube video on Producer Company-Each and everything(Updated by Producer Companies Rules, 2021) Topic cover 🎯What is Producer Company ? 🎯Legal provisions applicable on Producer Company 🎯 Features of Producer Company 🎯Benefits of forming Producer Company 🎯Tax Benefit to Producer Company 🎯Government schemes for Farmer Producer Companies 🎯Latest amendment- Producer CompaniesContinue reading “Producer Company-Each and everything(Updated by Producer Companies Rules, 2021)”