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At the end of every financial year, companies in India have to file an annual return. There are numerous amendments related to the filing of annual returns. There has also been a lot of uncertainty regarding the requirement of Form MGT-9. The MCA has made attempts to reduce the lengthy…

In general words, liability means the responsibility of the person. In the company, there are the directors and KMPS (Key Managerial Personnel) as they have decision-making power as the company is an artificial person. So, the decision making power is in the hands of the directors and KMPs as they…

NBFC is the financial institution that is registered under The Companies Act,2013 and regulated by RBI Act,1934. Before commencement of these financial activities business entity, they have to get a certificate of registration from RBI. Financial Activity includes loans, advances, asset financing shares, debentures and other market securities. Therefore, the…

A relatively new concept of One Person Company (OPC) was introduced by the Companies Act, 2013 for people with dreams of entrepreneurship. The introduction took place for those who do not have much time, resources, or people for the execution of their business plan. It allows a single person to…

These days it has become a trend of being social and maintaining one’s identity on the digital platform. One of the social media example is Youtube which in the present scenario giving lot of opportunities to the people all around the world to not only explore but also showcase talents,…

A company in India is governed by two company charters known as Memorandum of Association and Articles of Association. Every entrepreneur wanting to start a business has to get a company registration and draft MOA and AOA. They are the backbone of any company and drafting these documents is a…

In India, jewelry has a very different value and sentiment for people. Jewelry adds glory and enhances one’s beauty as it has jewels and precious metals like gold etc. It further symbolizes power, wealth, and status. However, before buying jewelry, the customer needs to be cautious in terms of its…

Share capital is liable for the running of a business and functioning smoothly. Its vital role in the structure of a limited company and the development of its reputation in the market. So, every individual before investing must know the different types of share capital. Further, share capital helps in…

The FSSAI (Food Safety and Standard Authority of India) is the supreme authority responsible for the safety and hygiene of food articles. This authority regulates and supervises the food business. Further, it is mandatory for all food businesses to take FSSAI Registration before starting their business. As the safety of…

  Ministry of Corporate Affairs on 5th March 2021 amend Companies (Management and Administration) Rules, 2014, and issued Companies (Management and Administration) Amendment Rules, 2021. These amendments were issued and approved via a notification issued in the official Gazette. So according to them, the new annual return filing form MGT-7A…