CS Mohit Saluja In this article, we shall be discussing that what is the CSR-1 Form and what documents are required to be attached along with these form and what are the pre-requirements for the NGOs/ Trusts and Section 8 companies for filing of the CSR-1 Form E Form CSR-1 After the publication of the Notification by Ministry of … Read more
Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual general meeting of the company and that of the next. Provided that … Read more
In the year 2017, Ministry of Corporate Affairs by taking the ambit of Section 248 which talks about “Power of Registrar to remove name of company from register of companies” struck off more than 2 lakh companies which were not filing its returns for the last many years and the Government was of the view … Read more
Under Indian foreign exchange regulations, general permission is available for transfer of shares / convertible debentures between non-residents (“NR”) and Indian residents (“IR”) by way of gift or sale under private arrangement. Further, a non resident (other than non-resident Indian (“NRI”) and overseas corporate bodies (“OCB”) may also transfer, by way of sale or gift, … Read more
What is Multi-Level Marketing Company (MLM Company)? MLM (Multi-level marketing company) is a marketing promotional strategy in which a sales person sells the products or services for particular MLM business and recruits new sales promoters under his/ her downline to further sales of products and services. this is a system of marketing in which a … Read more
OVERVIEW: Over 1.62 lakh companies have not been carrying out business activities for long have been deregistered and a series of action against such shell companies have been taken, said the Minister of Finance, Mr. Arun Jaitely. Registrar of Companies (ROC), by the virtue of power conferred under Section 248, can strike off defunct and shell companies. … Read more
Foreign direct investment (FDI) is an investment made by any company or an individual in the business concern of another country with a motive to start any business in other country or to become partner/ owner in the business of other country. Example: A citizen or a company in America when invest money into the … Read more
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. … Read more
The Dictionary Meaning of Nidhi in Indian Context “In the Indian context / language means “TREASURE”. However, in the Indian financial sector it refers to any mutual benefit society notified by the Central / Union Government as a Nidhi Company. Nidhi Companies are created mainly for cultivating the habit of thrift and savings amongst its … Read more
W.E.F. June 01, 2016 Government constituted the Benches of National Company Law Tribunal and hence, the Central Government vide Notification No. S.O. 1934(E) subject to the provisions of Companies Act, 2013, has declared 01.06.2016 as the date on which the provisions of the companies act shall come into force. These are the provisions, which yet … Read more