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Articles by CS Divesh Goyal

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Company Law Due Date Calendar - August 2021

  CS Divesh Goyal    02 August 2021 at 18:54

Mark your calendars with these twelve due dates that lie in the month of August 2021 under the Companies Act 2021.



Annual Return on Foreign Liabilities and Assets (FLA Return)

  CS Divesh Goyal    31 July 2021 at 09:39

FLA is an Annual Return on Foreign Liabilities and Assets that is required to be filed by Indian Companies and LLPs. It is mandatory under FEMA 1999 and is to be filed by July 15 every year.



Whether a company can give loan to director or whole time director?

  CS Divesh Goyal    31 July 2021 at 09:38

It is clear that Companies can give a loan to their Managing Director/ WTD without any restriction under Section 185. However, as per Section 186, it is not mandatory to charge interest on such a loan.



Difference between Right issue | Private Placement | Preferential Allotment

  CS Divesh Goyal    31 July 2021 at 09:38

Rights issue is an invitation to existing shareholders to purchase additional new shares. Private placement is the sale of stock shares to pre-selected investors. Preferential allotment involves bulk allotment of fresh issue of shares at a pre-determined price.



Process of Extension of AGM (Annual General Meeting)

  CS Divesh Goyal    30 July 2021 at 11:27

Every company other than an OPC shall in each year, hold in addition to any other meetings, a general meeting as its annual general meeting within a period of six months, from the date of closing of the FY.



Holding of the AGM through Video Conferencing

  CS Divesh Goyal    30 July 2021 at 11:27

To facilitate, the companies and businesses in India, MCA has allowed them to hold their Annual General Meeting by Video Conferencing or other audiovisual means amidst the COVID-19 crisis.



PAS-6: Reconciliation of Share Capital - Audit Report

  CS Divesh Goyal    30 July 2021 at 09:51

Every unlisted public company shall submit Form PAS-6 to the Registrar with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 within 60 days from the conclusion of each half-year.



How to Remove Disqualification of Director?

  CS Divesh Goyal    30 July 2021 at 09:51

As per the Companies Act, 2013, once a director is disqualified u/s 164(2) the director so disqualified shall continue to be disqualified for a period of 5 years.



FAQs on Signing of Financial Statement

  CS Divesh Goyal    29 July 2021 at 09:45

Financial statements are formal records of the financial activities and position of a business, person, or other entity. Let us discuss 10 FAQs on the signing of financial statements.



Can the Financial Statements be signed digitally?

  CS Divesh Goyal    29 July 2021 at 09:45

As per the meaning of the Digital Signature and Section 134, we can opine that the financial statements of the Company can be signed either physically or digitally.