One person company, as we know, is a new concept introduced by the Companies Act, 2013. As the name suggests, such a company is formed only with one person as its member. With notification of Chapter II of the Companies Act, 2013 with effect from 01.
Before going to review the concern provisions of the Companies Act 2013 for Annual General Meeting, first we must understand the term Financial Year.FINANCIAL YEAR (SECTION 2(41)):The 2013 Act has introduced a significant difference in the definition
FAQ ON DIN PROCESS Q1. What is Director Identification Number (DIN)?Ans. It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section
An attempt has been made to summaries important provision by making points of newly enacted Companies Act, 2013 which has get accent of President on 29th August, 2013. Provisions related to Audits are covered under CHAPTER X of new Companies Act, 201
Now shifting of registered office from one State to another State under the Companies Act, 1956, requires a petition to be filed with Regional Director, Ministry of
We as accountants need to understand how to interpret the taxonomy, which does not necessarily include understanding XML language and its semantics. As accountants we should be able to appropriately link each element of the financial statements to th
Q1: What are the prohibitions on sec 185? Ans: No company can directly or indirectly advance loan to its directors or to other persons in whom directors are interested. No company can give any
Different Monetary Limits under Companies Act, 2013 read with Notified Rules Dear All, Please find below certain monetary limits prescribed for different purposes under Companies Act, 2013 at one place. I hope that this compilation would be useful fo
A list of various registers to be maintained under the Companies Act, 2013 is given below in brief. Section Chapter/ Rule No.] Name of the Register Prescribe
Amendment 87: Section 135 [Corporate Social Responsibility] An obligation of spending money on CSR has been introduced now and this provision is applicable to every Company with net worth of >= Rs. 500 crores or a turnover of >= Rs. 1000 crores
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