What Is Form MGT-7? Form MGT-7 is an E-form used by all the companies registered under the Companies Act,2013 to file their annual return. Form MGT-7 is available on the Ministry of Corporate Affairs(MCA) website. Form MGT-7 is also maintained by the Registrar of Companies(ROC) in electronic mode and based on the statement of...
Continue readingWinding Up of LLP – Closing an LLP
LLP is a new form of the concept introduced in India through the LLP act. LLP is exempt from audit if the annual turnover of the LLP is less than Rs.40 lakhs and/or the capital contribution is less than Rs.25 lakhs. So this characteristic has made LLP popular amongst many entrepreneurs. However, it may...
Continue readingLimited Liability Partnership (LLP form 11)
About LLP stands for a Limited Liability Partnership. … Like a traditional partnership, LLP also allows the partners to organize their internal structure. An LLP is a legal entity, liable for the full extent of its assets. However, the liability of the partners is limited. LLP Form 11 Annual Return LLP registered under the LLP act 2008. .It...
Continue readingWhat is Form INC-22A?
FORM INC-22A Form INC-22A is introduced by the Ministry of Corporate Affairs (MCA) to check the authenticity of all registered companies under the Companies Act, 2013. This form was introduced by the Ministry of Corporate Affairs (MCA) on the 21st of February, 2019. Form INC-22A introduced to check the existence of Registered office addresses...
Continue readingWhat is the Form AOC-4?
About: AOC 4 is a form for filing the financial statement and other documents with the Registrar of Companies (ROC). It is the mean through which the Company or we can say Board of Directors of a company communicate and share the insights of companies to its Stakeholders. The essential means to communicate is...
Continue readingHow to change the authorized share capital of a company?
What is the authorized capital? Authorized Share Capital is the maximum limit of share capital up to which a company can issue its shares to shareholders. No shares can be issued by the company beyond the specified limit. Hence, if a company wants to issue shares beyond the limit then it has to make...
Continue readingHow to Change Director in a Company?
Who is the Director? Director is someone who gives direction, who has the responsibility to manage the affairs and who plays a vital role in every kind of organization. The Director of a company is a person elected by the shareholders for managing the affairs of the company as per the Memorandum of Association...
Continue readingChange in the registered office of a company
About Section 12 of the Companies Act,2013 makes it mandatory for all the companies to have registered offices either at the time of incorporation or within 30 days of incorporation. The registered office of a company is a place where books of accounts are maintained and all the communications and notices are sent. The...
Continue readingDisqualification of Auditor
Who can be appointed as Auditor? 1) A person shall be eligible for appointment as an auditor of a company ● only if he is a chartered accountant or that a firm whereof ● majority of partners practicing in India are qualified for appointment as aforesaid may be appointed by its firm name to...
Continue readingAUDIT COMMITTEE UNDER SECTION 177
About An audit committee consists of non-executive directors, it is set up by and works under the supervision of the board. The audit committee is set up under Section 177 of the companies Act, 2013, and sometimes for the adoption of best practices of good corporate governance. The member of the audit committee comes...
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