COMPANY LAW: Surrender of DIN- Procedure and Relevant Formats Article explains Procedure for SURRENDER OF DIRECTOR IDENTIFICATION NUMBER (DIN) along with relevant Rules and Provisions of Companies Act, 2013. Article also explains How a person can surrender his extra DIN, if he has multiple of DIN, Procedure for Filling of Compounding Application with the Regional Read More →

COMPANY LAW: Auditor Certificate For DPT – 3 Ministry of Corporate Affairs (MCA) vide its notification dated 22.01.2019 has notified amendment in the Companies (Acceptance of Deposits) Rules 2014 and a new sub–rule 16A(3) was inserted which read as follows: “Every company other than Government company shall file a onetime return of outstanding receipt of Read More →

COMPANY LAW: What Is an Employee Stock Ownership Plan (ESOP)? An ESOP is an employee benefit plan that gives workers ownership interest in the company that is floated by the Company to encourage the employee ownership in the Company. ESOPs give the Employer Company, the selling shareholder, and participants receive various benefits like tax benefits, Read More →

COMPANY LAW: Issue of Bonus Shares There are a lot of Companies who has surplus profits and intends to capitalize such profits by issue of bonus shares. Bonus shares are basically gift to the shareholders in the ratio of shares already owned by them. These are a free share of stock given to the existing Read More →

COMPANY LAW: SEBI Alternate Investment Fund (AIF)- II Fund Background of Alternate Investment Fund (AIF): Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy Read More →

COMPANY LAW Applicability of Cash Flow Statement, CARO (2016 & 2020) & Internal Financial Control Applicability of Cash Flow Statement: – According to Section 2(40) of Companies Act, 2013, The Financial statements of a company include Cash Flow Statement. Cash Flow Statement is governed by The Companies (Accounting Standards) Rules, 2006 (AS 3) and The Read More →