GST - Registration and its benefits

Introduction of GST in India

Goods and Services Tax (GST) is a value-added tax that was introduced in India on July 1, 2017. It replaced all indirect taxes levied on goods and services by the central and state governments.....

Issue of esop under direct route

Governing laws:

1. Section  62(1)(b) of the Companies Act 2013.....

Are investments in Mutual Funds 'investments' u/s 186?

Basic provisions of Section 186:

A company cannot directly or indirectly give a loan, guarantee or provide security to any person or other body corporate or or invest in the securities of any other body corporate,, if the amount of the loan or investment exceeds 60% of the company's paid-up share capital, free reserves and securities premium account....

MCA V3

Ministry of Corporate Affairs (MCA)

Earlier known as the Department of Company Affairs in 1950, then renamed as Ministry of Commerce till 2004. It acquired the name Ministry of Corporate Affairs (MCA) in 2007 which is still in continuance....

Is valuation of the shares of a private company required if the company goes in for a rights issue

Valuation of Shares under Companies Act, 2013

The provisions related to the valuation of shares under the Companies Act, 2013 are primarily contained in Section 62 of the Act. These provisions apply to all companies, whether private or public....

Can the subscribers of the company be the same person in different capacities?

Yes, it is possible for an individual to be a subscriber of a company in different capacities. For example, a person may be a subscriber as an individual and also as a representative of a business or organisation....

If the company does not hold the AGM of the company, then how is the AGM held?

As per the Companies Act 2013, every company is required to hold an Annual General Meeting (AGM) each year within six months from the end of the financial year. .....

Can a company which has revenue from operations in previous year, go in for strike off under section 248 of the Companies Act 2013

The Companies Act 2013 provides for the strike-off of a company that is not carrying out any business activities or has failed to comply with its statutory obligations. Section 248 of the Act specifies the circumstances under which a company may be struck off from the register of companies maintained by the Registrar of Companies......

What is the ‘Startup India Initiative’ launched by Govt of India

The term startup is generally used to describe innovative businesses which are in their early stages of the business cycle. With an idea to promote business as a solution to unemployment the Government of India under the leadership of Honorable Prime Minister Narendra Modi, launched the ‘Start-up India Fund Scheme’ in 2015.....

Everything About Auditors and Appointment of First Director

In theory, auditors are professional watchdogs, appointed by the shareholders, who check the genuineness of financial statements prepared by the management of the company and form an opinion for the shareholders who have made the management, in some sense, trustees of their assets......