Articles by CS Divesh Goyal
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Everything about Abridged Annual Return (MGT-7A) OPC and Small 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.
Guidance for Annual Filing 2020-21
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.
Which MGT-7 should be filed by Small Companies
Via an amendment in Rule 11 of the Companies (Management and Administration) Amendment Rules, 2021, MCA has introduced e-form MGT-7A as an annual return for Small Companies and OPC w.e.f. FY 2020-21.
Compliance of Beneficial Interest
A beneficial interest is the right to receive benefits on shares held by another party. Beneficial interest is often referred to in matters concerning trusts, whereby one has a vested interest in the trust's assets.
Checklist of Directors Report under Companies Act, 2013
Discussing the Checklist for Director's Report under the Companies Act, 2013 with regard to the Board's Report, Event/Limit Based Disclosures, and Mandatory Disclosures by a Public Company and a Listed Company.
Analysis of CSR Amendment Rules, 2021
MCA has introduced the Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 under which, the CSR spending has been made mandatory from voluntary w.e.f. FY 2020-21.
Process of Conversion of OPC Into Private / Public Company
MCA has introduced the Companies (Incorporation), Second Amendment Rules, 2021 on 1st February 2021. An amendment in the Process of Conversion of One Person Company to Private/Public Company has been made.
Key Relaxation to small companies
The status of a company as a “Small Company” may change from year to year. Thus the benefits which are available during a particular year may stand withdrawn in the next year and become available again in the subsequent year.
FAQs on Corporate Social Responsibility (CSR)
MCA has introduced the Companies (Corporate Social Responsibility Policy), Amendment Rules, 2021 that are applicable to FY 2020-21. CSR Spending has been made mandatory w.e.f FY 2020-21.
10 Companies Act Amendments effective from 1st April 2021 for FY 2021-22
Many amendments have been made by MCA and GoI in the last Financial Year i.e. 2020-21. Let us discuss 10 of those amendments that are effective from 1st April 2021.
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