Articles by CS Divesh Goyal

Section 187: Investment of Company to be held in its own name

CS Divesh Goyal 05 August 2021 at 09:20

As per Section 187(1), 'All investments made or held by a company in any property, security or other assets shall be made and held by it in its own name.'

Loan from shareholders and its treatment in DPT-3

CS Divesh Goyal 04 August 2021 at 09:26

There are many ambiguities in the minds of corporates and professionals about the treatment of Loan from Shareholders, as to whether the same is considered as a deposit or not?

Loan from Director or Shareholders

CS Divesh Goyal 04 August 2021 at 09:25

If a Company accepts a loan from an Individual and such individual is a Director as well as a Shareholder of the Company, then this loan shall be considered as Loan from Shareholder of Loan from Director? Let us discuss.

Amendment in Companies Act, 2013 - July 2021

CS Divesh Goyal 04 August 2021 at 09:25

Ministry of Corporate Affairs has issued a myriad of amendments in the Companies Act, 2013 in July 2021. Let us discuss the same.

Annual Compliance Calendar for Private Limited Company

CS Divesh Goyal 03 August 2021 at 21:49

A company's requirements for the compliances have been changed in comparison to the compliance requirement as on 01st April 2014 when the Companies Act, 2013 came into effect.

Signing of Financial Statements

CS Divesh Goyal 02 August 2021 at 19:04

Discussing the concept of signing of Financial Statements of a Company including OPC, Small Company, Private, Public and Listed Companies including the role of directors and chairman in the same.

Allotment of new name to existing company

CS Divesh Goyal 02 August 2021 at 19:04

MCA has issued two notifications on 22nd July 2021, Commencement of Section 4 of Companies (Amendment) Act, 2021 and Companies (Incorporation) Fifth Amendment Rules, 2021 effective from 1st September 2021.

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.