Compounding of Offence Non-compliance of law results into offences by company or officer in default. Offences can be compoundable and non-compoundable. Compounding generally refers to “doing good the default/non-compliance.” It is a settlement for the offence committed by the company or an officer thereof and a short cut method to avoid litigation and to bring […]
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FEMA & RBI compliance FDI – Foreign Direct Investment ODI – Overseas Direct Investment Compounding of Offences ECB FEMA audit & Due Diligence
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Search Report Search Report refers to a report generally prepared by Professional CA/CS/CWA/Advocates, about a company after detailed inspection from the records of the Registrar of Companies. Banks are more and more emphasizing on Search Reports while opening of bank accounts or providing loans to such Companies. The purpose of Search Reports is also to […]
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Due Diligence Audit Due Diligence is an investigation or audit of potential investment to confirm all facts, such as reviewing all financial records, plus anything else deemed material. Such an audit is conducted before the bank loan funding, private equity, slump sale etc., In the Due Diligence audit, the financial, legal, business operation model, taxation […]
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Change Name of the Company A company’s name is considered as identity of the company and it can be changed with the approval of Board as well as shareholders through a special resolution. Necessary e-forms have to be prepared and submitted to ROC. Once ROC approves the proposed name, a new certificate of incorporation is […]
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Minutes and Registers Updation Every company has to maintain statutory records and register mandatorily. The statutory register and records shall be kept at the registered office of the company. List of Statutory Registers to be maintained are: Register of Members Register of Directors and KMP Register of Loans/Guarantee/security & Investments Register of Charges and instrument […]
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Transfer and transmission of Shares One of the most important features of a Company is that its shares are transferable. Transfer and transmission of shares both involve the change of ownership of shares in the company. Transfer of shares refers to the investor voluntarily altering the ownership of his/her shares by giving them to another […]
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Annual Filing of the company It is mandatory for every company incorporated in India whether LLP/Private/Public to file various e-forms along with necessary documents with the Registrar of Companies. Annual filing of the company includes filing of all the documentation related to financial statements and annual return which includes Balance sheet, Profit and Loss account, […]
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Charge creation, modification & satisfaction As per the Companies Act, 2013, companies are required to file particulars of a charge within 30 days of the creation thereof, otherwise, the charge is void against liquidators and creditors of the company. The purpose of registration of charge is to provide public notice to those who contemplate giving […]
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Shifting of Registered Office A change in the registered business office address may be required due to better management, convenience and various other reasons. The shifting can be within the local limits of same city, outside the local limits within same city, from jurisdiction of present ROC to another ROC and sometimes from one state […]
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