Discussing the Mandatory yearly Compliances of a Private Limited Company, List of Annual Compliances and Details of Annual Filing of the Compliances of a Private Limited Company.
Every company shall file its annual return in Form No. MGT-7 except for a One Person Company and a Small Company who shall file their annual return from FY 2020-2021 onwards in Form No. MGT-7A.
Several representations have been received by MCA for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of contribution to 'PM CARES Fund' against the mandatory CSR obligation for FY 2020-21.
From 1st April 2021, it is mandatory for every implementing agency to register itself with the ROC by filing the e-form CSR-1, otherwise, they shall not be eligible to continue as an Implementing Agency.
Discussing 18 Compliance Requirements under the Company Law for FY 2021-22 for the Quarters April to June, July to September, October to December, January to March and on the basis of the event.
A branch office is set up by a foreign company in India to carry out the Branch Activities for its business. A Foreign Company can have any revenue from the Indian Branch office if allowed by RBI.
Discussing the Provisions of the Companies Act, 2013 w.r.t the Incorporation of a Subsidiary of a Company Incorporated Outside India or a Wholly Owned Subsidiary of a Company incorporated outside India.
By these amendments, MCA has increased stringency in compliances and has added numerous additional disclosures in Financial Statement, Directors Report and Audit Report.
The due date for filing of E-form CFSS is 30 June 2021 for all the Companies. If a Company fails to file the CFSS Form, it will lose the immunity granted to it by the CFSS Scheme.
Subject to the provisions of section 197, a company having profits in a financial year may pay remuneration to a managerial person or persons or other directors not exceeding the limits specified in such section.
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