Internal audit is a continuous and systematic way of risk management, and proper governance in order to bring out more transparency and accountability in the company's activities.
One Person Company means a company that has only one person as a member. It is a separate entity distinct from its members, limited liability protection to shareholders and has a perpetual succession.
Provisions of Companies Act are applicable on the basis of paid-up capital, turnover, type of company, net profit or on the basis of outstanding loan and borrowings of the company.
As per section 139 of the Companies Act, 2013, the first auditor of the company shall be appointed by the board of directors within 30 days of Incorporation or Registration of the Company.
Listed entities are required to comply with the provisions of the Companies Act, 2013 and those laid down by SEBI. These Compliances can be grouped into quarterly, half yearly and annual compliances.
The Reserve Bank of India has permitted foreign investment in almost all sectors with a few exceptions. Thus, the increasing cross border transactions need a proper level of compliance mechanism to be in place.
As per Companies Act, 2013 the term "deposit" includes any receipt of money by way of deposit or loan or in any other form by a company, but does not ..
FEMA aims at facilitating external trade, payments and for promoting the orderly development and maintenance of foreign exchange markets in India.
Preference shares are those shares which has priority over the equity shares in payment of dividend. These shares not only have a preferential right to receive dividends but also repayment of capital on winding up.
Postal ballot is a facility through which the shareholders can cast votes remotely by recording their preference on the ballot paper without actually attending the meeting.