Annual compliance is not optional. Whether your company is big or small, every business registered under the Companies Act, 2013 must file an Annual Return with the Ministry of Corporate Affairs (MCA).But the real confusion most founders face is this: Should we file MGT-7 or MGT-7A? What’s the difference? Which one applies to us? This…
Introduction Starting a business is exciting but it comes with responsibilities, especially when it comes to tax compliance. One area that often confuses new entrepreneurs and small business owners is TDS (Tax Deducted at Source). TDS compliance is not optional it’s a legal requirement. Whether you’re paying a freelancer, renting office space, or hiring full-time…
In a significant development, the MCA vide notification no. GSR 802(E) dated October 27, 2023, notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. As per the amended norms, every private company except a small company must issue the securities only in dematerialised form within 18 months from the closure of the…
In a significant move aimed at promoting ease of doing business and addressing the challenges faced by Limited Liability Partnerships (LLPs), the Ministry of Corporate Affairs (MCA) has introduced the LLP Amnesty Scheme through General Circular No. 08/2023 dated August 23, 2023. This scheme offers a unique opportunity for LLPs to rectify their compliance oversights…
Ministry of Corporate Affairs (MCA) has issued General Circulars on May 03, 2021 to provide relaxation due to resurgence of COVID-19 pandemic, under Companies Act, 2013 and LLP Act, 2008.
MCA has notified the Producer Companies (General Reserve) Rules, 2003. These rules shall apply to a Producer Company as referred in clause (l) of section 378A. These rules shall come into force from February 11, 2020. Highlights: Change of place of registered office from one State to another. – The Rules 27 (Notice and Verification…