Introduction In order to survive in the current economic environment, expansion and up-gradation are the two critical tools for any business. Every company wants to grow its business, divert to add more business, enter into untapped markets and gain specialization. There are many ways by which a company can expand its business such as taking […]
Every business works within the society, earns from the society and utilises resources of the society. In return, it is the responsibility of every business to cater the society. Corporate Social Responsibility (CSR) is one such term given to the obligation of every business towards society. It requires management to be accountable to the full […]
Introduction There are many compliances applicable to a company registered in India. The act which governs the existence and operations of a company is the Companies Act, 2013 (“Act”) and the rules made thereunder. In this article, we shall discuss the meaning, applicability and requirements of Secretarial Audit. The provisions regarding Secretarial Audit are covered […]
Introduction A company can raise its capital in many ways. In this article, we shall discuss a method laid down in the Companies Act, 2013 which allows a company to raise funds on a private placement basis. Private placement is a procedure through which a company can sell its securities directly to the pre-identified investors. […]
Introduction As per section 92 of the Companies Act, 2013, MGT-8 is a mini secretarial audit which is submitted as an attachment to the annual return of the companies in form MGT-7. It is mandatory to get this form certified by a company secretary in practice. MGT-8 form is required to certify the annual returns […]
Reduction of share capital is a process to lower down/reducing the share capital of a company. It means reducing the issued, subscribed and paid-up share capital of the company. Separate provisions and procedure for have been envisaged under the Companies Act, 2013 and rules made thereunder for reduction of share capital. Section 66 of the […]
Valuation of any business is very important to understand the real worth of the business. The correctness of valuation is very crucial as any deviation from the real worth of any business may result in wrong decision making and adversely impact the business. The sanctity of valuation depends on the knowledge and experience of a […]
A company registered under the Companies Act, 2013 is required to have a registered office in India. It is required to keep all books of accounts, other relevant books, papers and financial statements at the registered office of the company. However, it is not necessary to keep the books at the registered office only. The […]
If you are a director or a promoter of a company registered in India, you must have heard about the Director’s report. In this article, we shall discuss the meaning, legal requirements, contents and format of a valid Director’s report. MEANING OF A DIRECTORS’ REPORT: Directors’ report is a document which includes the details about […]