APPLICABLE PROVISIONS: As per section 138 of the companies act 2013 and rule 13 of companies (accounts) rules,2014 ACCORDING TO SECTION 138(1) OF THE COMPANIES ACT, 2013: *Such class or classes of companies as may be prescribed shall be required to appoint an internal auditor, who shall either be a chartered accountant or a cost […]

Section 15 of the MSMED Act states that where the suppliers render services or supply goods to any buyer, the buyers should make payment on or before the agreed date between them and the suppliers. When there is no agreed date for payment between the MSME supplier and buyer, the buyer must make payment before […]

E-form PAS-6 is concerned with the filing of the reconciliation of the share capital audit report on a half-year basis of unlisted public companies. The objective of this audit report is to identify any difference observed in the issued capital and the capital held in dematerialized form of a public company. It is to report […]

S. No Time Period Particulars     Convene the Board Meeting for approval of fast-track merger and draft scheme of merger.   Form CAA-9 (Within 30 days by both the transferor and transferee)   Send notice of the proposed Scheme for inviting Objections or Suggestion to be sent to: ROC in form GNL-1.Official Liquidator Persons […]

Employee Stock Option Plan (ESOP) is an option given to directors, officers or permanent employees of a company to purchase or subscribe the securities offered by the company at a future date, at a concessional price generally. As per Section 2(37) of the Companies Act, 2013 employees stock option is the option given to the […]

As per Section 12 of Companies Act, 2013, every company shall, within thirty days of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it. The Registrar of Companies have been given power under Sub-section (9) of Section 12 […]