Articles by CS Divesh Goyal

Everything about e-form CSR-1

CS Divesh Goyal 24 July 2021 at 09:19

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.

Company Law Due Date - FY 2021-22

CS Divesh Goyal 24 July 2021 at 09:16

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.

Establishment of branch office of foreign company

CS Divesh Goyal 24 July 2021 at 09:16

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.

Process Incorporation of Foreign Subsidiary/WOS

CS Divesh Goyal 24 July 2021 at 09:16

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.

Amendment in Schedule III & Auditors Report, Directors Report

CS Divesh Goyal 23 July 2021 at 09:37

By these amendments, MCA has increased stringency in compliances and has added numerous additional disclosures in Financial Statement, Directors Report and Audit Report.

Event Date for CFSS

CS Divesh Goyal 23 July 2021 at 09:36

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.

Remuneration to Non-Executive & Independent Director

CS Divesh Goyal 23 July 2021 at 09:36

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.

Everything about NDH-4

CS Divesh Goyal 23 July 2021 at 09:36

MCA has introduced a new form NDH-4 i.e. Declaration of Nidhi. The requirement of filing of NDH-4 is mentioned in section 406 of Companies Act, 2013 and rule 3A, 23A and 23B of Nidhi Rules, 2014.

Amendments to Stamp Duty on Transfer of Shares

CS Divesh Goyal 22 July 2021 at 09:25

The amendments propose a uniform system for the collection and payment of stamp duty on the issue and transfer of securities. Let us decode the stamp duty on issue and transfer of shares in both physical as well as Demat form.

Merged Definition of a Listed Company in Section 2(52) of the Companies Act, 2013

CS Divesh Goyal 22 July 2021 at 09:16

MCA has liberalized the definition of listed companies under the Companies Act to give compliance relief to public limited companies and private limited companies having listed debt securities.