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Blog

Jan20

MCA New Updates in respect of Compliances under Companies Act

Mandatory use of Accounting Software having Audit Trail From FY commencing on 01.04.2021, every Company shall use Accounting Software having feature to record audit trail of each transaction, creating the edit log of changes made & ensuring that the audit…

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Jan20

ANNUAL GENERAL MEETINGS, EXTRAORDINARY GENERAL MEETINGS MAY GO VIRTUAL PERMANENTLY

The government could make virtual board meetings, annual general meetings (AGMs) and extraordinary general meetings (AGMs) a permanent feature. It is considering such a proposal and suitable changes could be made to the Companies Act, a government official said. The…

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Jan20

NON-FATF AREA INVESTORS CAN’T HAVE ‘SIGNIFICANT INFLUENCE’ IN NBFCS: RBI

The Reserve Bank on Friday said investors from non 'Financial Action Task Force' complaint jurisdictions can only hold less than 20 per cent of the voting power in India-based NBFCs. The Financial Action Task Force (FATF) periodically identifies jurisdictions with…

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Jan20

SELECT CLASS OF UNLISTED FIRMS NEED TO FILE RESULTS WITH ROC

Move will enable early fraud detection, ensure statutory compliance The Centre has moved a step closer towards making certain unlisted companies prepare financial results on a periodical basis, operationalising a provision in company amendment law enacted in September last year.…

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Jan20

WITH THE NEW TDS RULE, EVERY TIME YOU MAKE A PAYMENT, YOU MUST ASK IF THE RECEIVER HAS FILED TAX RETURNS IN LAST TWO YEARS

“Suppose you are making payment to a contractor. And, when you’re getting the work executed, you’re supposed to deduct TDS at 2% — that’s the normal rate. If I made a payment of ₹ 1 crore, I deducted TDS of…

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Jan20

Factoring, Domestic and Exports Bills Discounting in India.

It is a revolving  Unsecured Working Capital facility which will help in upfront realization of your future receivables. This finance facility is over and above your Maximum Permissible Bank Finance (MPBF). No requirement of No Objection Certificate (NOC) from your existing Banker for availing…

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Jan20

Looking for Film Co- Producers / Investors for Malayalam , Tamil and Gujarati Films by experienced Producers.

Our client is an established Film Production company based out of Mumbai that has produced more than 20 Films in Hindi, Tamil, Marathi, Malayalam etc.. Investment for Malayalam movie is about INR 3 Crores , Tamil INR 5 Crores and…

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Jan20

FAST TRACK MERGERS EXTENDED TO STARTS UPS & OTHER SMALL COMPANIES

In addition, the fast track process for mergers under the Companies Act, 2013 has also been now extended to also include mergers of Startups with other Startups and with Small companies, so that the process of mergers & amalgamations is…

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