Compliances for a Private Limited Company in FY 2020-2021

By Team Lawgical Startup

Compliances has always been an integral part of operating a Company. But now, in this 21st century and new era of technology and increasing number of frauds it has become mandatory for the Government to ensure good governance for betterment and safety of the stakeholders. This article is targeted to cover all compliances for a…

Nidhi Companies – Regulatory Perspective

By Team Lawgical Startup

The name “Nidhi” in Nidhi Company means “Treasure”.The purpose of incorporating a Nidhi Company is to encourage savings as well as thrift amongst its members. To fulfil this objective of cultivating the habit of saving and frugality amongst its members, Nidhi companies are allowed to take a deposit from and lend to the members only.…

Companies Fresh Start Scheme, 2020 (CFSS-2020) Detox, now available!

By Team Lawgical Startup

In brief COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) The Ministry has received various representations from stakeholders requesting for grant of one-time opportunity, so as to enable them to compete their pending compliances by filing necessary forms without higher/additional fees. In view of the same, the Ministry of Corporate Affairs (MCA) has come up with a…

Independent Directors – start your preparations

By Team Lawgical Startup

MCA has introduced online proficiency test will be conducted by the Indian Institute of Corporate Affairs (IICA) which is mandatory all the Independent Directors. The role of Independent Directors first came into limelight after the Satyam scandal and 10 years on, we wonder how far they have come. Their powers and responsibilities towards stakeholders are enormous…

Relaxation by MCA for non-filing of various e-Forms

By Team Lawgical Startup

DIN holders of DIN’s marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and, Those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active Company Tagging Identities and Verification (ACTIVE) e- form are encouraged to become compliant once again and file DIR-3KYC/DIR-3KYC-Web/ACTIVE as the case may be. • Time…