FLA Return
FLA Return, Abbreviated Form of Foreign Liabilities and Assets Return is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made…
FULL FLEDGED MONEY CHANGER (FFMC)
Definition As per the section 10(1) of the of the Foreign Exchange Management Act, 1999 the Reserve Bank of India issues authorization to selected registered companies as Full Fledged Money…
INDEPENDENT DIRECTOR
Applicable Provisions Section 149 and Section 150 of the Companies Act, 2013 should be read along with Companies (Appointment and Qualification of Directors) Rules, 2014. Independent Director: ‘independent director’ means…
PRIVATE PLACEMENT- DETAILED ANALYSIS
Introduction Private placement is a cost effective way of raising capital without going for public issue. Every company at some point needs to increase its share capital. When it decides…
Section 188- Related Party Transactions
As we all know that with the increase in the participation of various stakeholders in daily transactions of the company the government and the companies are taking many steps to…
FRANKING (A WAY TO MAKE A DOCUMENT LEGAL)
What is Franking? If you have to make a document legally binding, you will need to pay stamp duty charges. Franking is one of the ways of paying stamp duty.…
SEBI (PIT) Amendment Regulations, 2020
SEBI at its Board Meeting held on 25 June 2020, had approved several significant changes to regulations governing listed companies including the SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT…
COMPANIES ACT vs SEBI LAWS- COMPARISION
Here is a comparison chart for Companies Act vs Sebi Laws: TOPICCOMPANIES ACT, 2013 SEBI LAWSMinimum number of directors on the board.Public Company: 3 Private Company: 2 Regulation 17(1)(c): …
Form PAS-6 (Reconciliation of Share Capital Audit Report on half yearly basis) and It’s Applicability
Purpose Reconciliation of Share Capital Audit Report on half yearly basis. Provisions Pursuant to Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 as amended vide Companies (Prospectus…
NIDHI COMPANY- INTRODUCTION
Introduction Nidhi Company is a company registered under the Companies Act, 2013, which is incorporated with a sole objective of encouraging and cultivating the habit of savings amongst its members.…