Tanuj Chandra Saxenaa

Practicing Company Secretary

TANUJ SAXENA AND ASSOCIATES

Practicing Company Secretary and Partner of TANUJ SAXENA AND ASSOCIATES From Lucknow

My Social Profiles
  • profile
  • resume
  • Achievements
  • My Articles
  • contact me
  • 1003
Profile
  • Tanuj Chandra Saxenaa
  • Lucknow
  • xxxxxxxxxx
  • xxxxxxxxxx
About Me

Partner Of Tanuj Saxena and Associates Company Secretaries (Company Secretaries), Trademark Agent and Attorney and Certified GST Practitioner. (Multi Disciplinary Professionals with focus in providing out of Box Corporate Financial and Legal Solutions.) Author(Panel) in Compliance Calendars LLP. Global Certifications in Stra...
Click here for more

Industries Expertise
Agro Industry
Construction Industry
E-commerce Industry
Education Industry
FMCG Industry
Healthcare Industry
IT Industry
Real Estate Industry
Software Industry
Areas of practice
Business Law
Business Licenses
Business Registration
Business Sale
Business Startup
Business Valuation
Changes to Company
Company Audit
Company Registration
FSSAI Matters
Legal Drafting
Management Consulting
NCLT Matters
NGO: Trust/Society/Section 8
Net worth Certificate
Nidhi Company
Producer Company
Professional Certification
ROC Matters
Startup Registration
Stock Audits
AutoBiography

Tanuj Chandra Saxenaa: Know more about me

Soft skills
Communication skill
80%
Liasioning Skills
88%
Favourite Books
wolter kluver
90%
taxmann
80%
bharat law
75%
tata mcgraw
90%
Hobbies
writing articles
90%
watching cricket
100%
playing cricket
90%
Language Skills
english
70%
hindi
100%
Miscellaneous Skills
blogging
85%
My Resume
Download My Resume
Experience
  • Practicing Company Secretary 03-11-2016 - 03-11-2021
    TANUJ SAXENA AND ASSOCIATES

    Corporate Law Consultant Having a Post Membership Experience of 4.5 years


Education
  • B.COM 08-07-2021 - 08-07-2021
    ANNAMALAI UNIVERSITY

    B.COM ACCOUNTING AND FINANCE

  • M.COM 08-07-2021 - 08-07-2021
    ANNAMALAI UNIVERSITY

    M.COM ACCOUNTING AND TAXATION

  • MBA 08-07-2021 - 08-07-2021
    PONDICHERRY UNIVERSITY

    MBA FINANCE


Awards

Tanuj Chandra Saxenaa: Know more about my achievements

  • All

Tanuj Chandra Saxenaa: Read My 104 Published Articles


Sharjah is considered as one of the most populated emirate after Dubai and Abu Dhabi. This emirate forms a part of the Dubai-Sharjah-Ajman metropolitan area. Sharjah is present between Dubai, Ajman, Umm Al Quwain and Ras Al Khaimah. Hence it makes it a prime location for investors to go for company registration in Sharjah. This emirate has access to the Persian Gulf. As Sharjah is a part of the U......

Read More

Bangladesh is one of the emerging hubs for finance, technology and capital. Apart from being characterised as one of the largest exporters in the textile industry, this country is emerging as one of the largest hubs for different forms of investment. Hence it would be credible to consider different forms of investment opportunities in the country. Company Registration in Bangladesh requires some ......

Read More

What is a Virtual CFO? A business that does not have an in-house finance department can utilize alternatives such as outsourcing the finance function to another firm. Apart from this, the business can also utilize virtual CFO services. Virtual CFO services can be offered either remotely or through an external consultant.  Due to digitization, businesses have to adapt according to the chang......

Read More

We cannot deny the fact that the current COVID-19 pandemic has forced companies to change ways of doing their business. The companies are more concerned about their employee's safety while upholding their social responsibility to the community and partners. The virtual audit is becoming popular amongst organizations due to fast advances in information technology. Businesses already include high-t......

Read More

Form MGT-8 is a Certification given on a Company’s Annual Return by a Practicing Company Secretary, as per the Companies Act 2013, under Section 92(2). Applicability:- According to Section 92(2) of the Companies Act, 2013 read with rule 11(2) of Companies (Management and Administration) Rules 2014, the annual return of a listed company or a company having paid-up share capital of Rs 10 cro......

Read More

a. Annual Compliances of Listed Companies S. No. Regulations Timeline Brief Particulars 1. 34 Within 21 working days of it being approved and adopted. Submission of Annual Report 2. 44 Within 48 hours of conclusion of general meeting Submission of voting results 3. 24A Within 60 days of end of financial year......

Read More

Preference shares as the term implies are the shares that having priority over the equity shares. These shares contain a preferential right to receive the dividend as are declared by the company on first priority basis. They are not only having a Preference in receive a dividend on the priority basis but they also have a Preference in receive the proceeds that are realized from the sale of t......

Read More

It deals with responsibilities of the auditor while carrying out Secretarial Audit of a Company. The Standard is in addition to other Auditing Standards, as may be applicable with regard to Secretarial Audit. Contents:- Scope Effective Date Objective Definitions Auditor Audit Procedure Board process Systems and process Trigger test Requirements 1. Identifica......

Read More

Small businesses often overlook aspects like corporate culture or company culture that help keep the company stable. The focus of small businesses is to escalate the success ladder faster. But for the sustainance of this corporate culture, one needs to keep in mind building a conducive corporate culture. So how can SMEs build a good corporate culture:- 1. Clearly defined ideas about your company:......

Read More

Grid computing and cloud computing are conceptually similar that can be easily confused. The concepts are quite similar and both share the same vision of providing services to the users through sharing resources among a large pool of users. Both are based on network technology and are capable of multitasking meaning users can access a single or multiple application instances to perform different ......

Read More

Digital transformation has become the hottest buzzword of this decade. New technologies and tools are supporting the transformation journey of companies big and small as they compete to get a bigger slice of business in a fast-paced competitive environment. Yet, is it enough to smooth a company's transformative process? Can a standalone technology implementation remove a bottleneck in the produc......

Read More

What is Business Intelligence? BI (Business Intelligence) is a set of processes, architectures, and technologies that convert raw data into meaningful information that drives profitable business actions. It is a suite of software and services to transform data into actionable intelligence and knowledge. BI has a direct impact on organization's strategic, tactical and operational business decisio......

Read More

The applicability of Cash flow statement has been defined under the Companies Act, 2013. As per the definition in the act, a financial statement includes the following: 1-Balance sheet 2-Profit and loss account / Income and expenditure account 3-Cash flow statement 4-Statement of changes in equity Explanatory Notes:- Thus, Cash flow statements are to be prepared by all companies but the act a......

Read More

There are particularly some banks which are regulated by the Reserve Bank of India (RBI). These banks are started with the main motive to serve particular sectors of the society. Though large based banks would also carry out activities, however small banks such as the above would only cater needs to small sections of the society. These institutions cater to the needs of different forms of custome......

Read More

Following are all the documents for complete application Procedure of IEC Registration. There are 12 steps associated with the IEC code application procedure. Steps for IEC Registration Process:- Step 1: Go to the DGFT Website:- First step go to www.dgft.gov.in You will show welcomed home page by a bright and informational page. There you will see the latest notification and updates ......

Read More

Passing the Resolution by Circulation is an alternative method for urgent matters instead of convening the Physical Board Meeting. Resolution shall be considered as passed when approved by the majority of Directors. As per the provisions of Section 175 of Companies Act 2013, For passing the Resolution by Circulation, the resolution has to be circulated in draft with necessary papers, to all ......

Read More

Takeover-An Overview Takeover has become a common practice in today’s economic environment. Takeover is said to have taken place when one company takes control over the company, usually by purchasing the majority stake in the company that is being taken over. The purchaser of the company is known as the bidder or acquirer and the company being purchased is referred to as the Target Company......

Read More

SME Exchange provides a great opportunity to small and medium enterprises to raise equity capital for the growth and expansion of their business. SME exchange is a stock exchange for trading the shares of small and medium enterprises who otherwise would find it difficult and costly to get listed in the main board of a recognised stock exchange. “SME exchan......

Read More

Insolvency and Bankruptcy Code 2016 was enacted with an aim to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alterati......

Read More

REGULATORY PROVISIONS:- Section 13(3) of LLP Act, 2008 and Rule 17 of LLP Rules, 2009 I. CHANGE OF REGISTERED OFFICE WITHIN THE SAME STATE/ WITHIN THE SAME OUTSIDE THE JURISDICTION OF SAME REGISTRAR The partners need to check the LLP agreement, in case it provides for procedure for shifting the registered office of the LLP. In case no procedure is prescribed, obtain consent of all partners ......

Read More

China is the most competitive and dynamic country on an international scale from an investment point of view and a major force of the worldwide economy. Being a stable business partner in many fields of interest, China is recognized as a fast-growing economy and a global influence, with connections to powerful financial centres.  China attracts investors from abroad to p......

Read More

In accordance with the Overseas Direct Investment data issued by the Reserve Bank of India, Singapore is the top destination preferred by Indians for Investment. All the Companies in Singapore are registered with Accounting & Corporate Regulatory Authority i.e. ACRA (similar to Ministry of Corporate Authority here in India) and has to diligently abide by the provisions of the Companies Act. ......

Read More

As per the provisions of the section 406(1) of the Companies Act, 2013 ‘Nidhi Company’ means a ‘company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit’.  After being incorporated as a Nidhi Company, ......

Read More

Section 110 of Companies Act 2013 with Rule 22 of the Companies Management and Administration Rules 2014 This section has the overriding effect over anything contained under the Act, 1. As per the section, notwithstanding anything contained in this Act- A. In respect of such items of business as prescribed by Central Govt. Rule 22(16) of the Companies (Management and Administration) Rules......

Read More

Director:- As per the Companies Act 2013  Any Person Who Occupies the position of a director by whatever name called, Director appointed to the Board of a company.  In literal sense, it is natural person who has certain qualifications and/or experience which adds up to the growth of company. The collective group of these individual directors are referred as Board of Directors of c......

Read More

Who is scrutinizer? Scrutinizer means a person who is examiner, inspector and/or investigator who observes carefully the whole process of voting on the behalf of company in an independent manner. A Scrutinizer is a person who monitors the entire process of E-voting, polling and Postal ballot done in Annual General Meeting or Extra-Ordinary General meeting. A scrutinizer is a person who observes......

Read More

A Chief Executive officer (CEO) is the most senior corporate, executive, or administrative officer in charge of managing an organization especially an independent legal entity such as a company or non-profit institution. The CEO of a Corporation Or Company typically reports to the board of directors and is charged with maximizing th......

Read More

1. What is Extra-ordinary General meeting (EGM)? An extraordinary general meeting (EGM) is a shareholder meeting called other than a company’s scheduled Annual General Meeting (AGM). The extraordinary general meeting is utilized to deal with urgent matters that come up between annual shareholders’ meetings. 2. What provision covers Extra-ordinary General meeting relat......

Read More

For how long a Director can be appointed in a company? As discussed above the different types of director have different appointment terms. Like Managing Director and whole-time directors have term of five (5) years, Additional Director has term upto next ensuing General Meeting, Nominee director has term upto the term as written into the agreement or other arrangement, etc. Can a company remove......

Read More

A Cost Audit represents the Verification of cost accounts and checking on the adherence to Cost Accounting Plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plans, procedures and objectives.  A Cost Audit Comprises the Following:- -Verification of the cost a......

Read More

Who is an Auditor? An auditor is a Person Authorized to Review and Verify the Accuracy of Financial Records and Ensure that Companies Comply with Tax Laws. They protect businesses from fraud, point out discrepancies in accounting methods and, on occasion, work on a consultancy basis, helping organizations to spot ways to boost operational efficiency. Auditors work in various capacities within dif......

Read More

A Company is a Big Holistic and Multi Dimensional Business organization and multiple functions take place on daily basis. There is a cycle where company receives and pay the amount for receiving and selling the services or their respective product. But there are times, when a company requires funds whose reason may vary from decision to take their production level to increased level, induction of ......

Read More

Report on Annual General Meetings as per Companies Act 2013As per Section 121 (1) of the Companies Act, 2013 every listed public company has to file MGT 15 (Report on Annual General Meeting) in less than 30 days from the completion of the Annual General Meeting. Applicability:- As provided under Section 121(1) of the Companies Act, 2013 read with Rule 31(2) of the Companies (Management and Admin......

Read More

Statutory Registers are the Registers that contained the specific record of the Company’s Directors, Shareholders/ Members, Loans & Guarantees, Deposits, shares etc, and are placed at the registered office of the Company, It is advised to maintain these register for good corporate governance and to avoid penalties. 1. Register of Members:- Section 88(1) (a) and Rule 3 of the Compan......

Read More

Rule 37 of the Limited Liability Rules, 2009 deals with the striking off name of Defunct LLP. Defunct means those LLPs which are not functioning or not operating. Hence, it is pre-requisite that LLP must be defunct for at least 1 year before applying for closure. It provides that -“where a limited liability partnership is not carrying on any business or operation for a period of ......

Read More

Companies are divided into listed companies and unlisted companies. Listed companies have their shares registered in a particular stock exchange. The Securities Exchange board of India (SEBI) is the main authority that governs the listing of securities and stocks in stock exchanges in India. Therefore listed companies have to be in conformity with the rules related to the SEBI. The Government of ......

Read More

Section 185(1) of the Companies Act, 2013 No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) Any director of company, or of a company which is its holding company or any partner or relative of any such director; or (b) Any firm ......

Read More

Introduction:- FSSAI stands for Food Safety and Standards Authority of India, It is the organisation that monitors and governs the food business in India. FSSAI ensures that the food products undergo quality checks, curtailing food adulteration and sales of sub-standard products. FSSAI register and license the Food Business Operators in India and lays rules and regulation for running the food b......

Read More

Employee Stock Option Plans are the plans in which employees get the right to purchase a number of shares (decided by the employer) in lieu of Salary in the company at a discounted price (less than the market price). The option provided under this scheme confers a right but not an obligation on the employee. Employees have to wait for a certain time period known as vesting period before the......

Read More

Checklist of Due Diligence for a Company:- Due Diligence of a Company is performed usually before any business sale, private equity investment. It is process of research and analysis that is initiated before an investment, acquisition, business partnership, joint venture or bank loan, in order to determine the value of the subject of the due diligence and to see whether there are any major issue......

Read More

A Sole Proprietorship is a business entity is wholly owned and controlled by an individual, it is a good form of business for individuals who want to start small but as business grows it necessitate converting it into some greater form for greater advantages. Many opt for  choice of Private Limited Company as it give it a status of separate Legal entity also a private limited comp......

Read More

Process for the Closure of a Company-: The company must extinguish all its liabilities as a first step for strike off. After which it has to- Hold a board meeting for approving voluntary closure of a company and notice for convening an extra ordinary general meeting (EGM). Convene the EGM and pass a special resolution for voluntary closure of company. File e-Form MGT-14 for reportin......

Read More

Compliances that companies needs to follow immediately after their Incorporation 1. Holding of a Board Meeting A meeting of board of directors of the company should be held within 30 days of its incorporation. For this, a 7 days prior notice shall be given to the board of directors specifying the date, time, venue and agenda matters of the meeting. The agenda of the meeting shall be as specified......

Read More

Transmission of shares is a process by operation of law where under the Shares are registered in a Company in the name of deceased person or an insolvent person are registered in the name of his legal heirs by the Company on proof of death or insolvency as the case may be. Transmission of shares takes place when registered member dies or is adjudicated insolvent or lunatic by competent court. Ar......

Read More

Dear Members, XYZ PRIVATE LIMITED Your Directors have pleasure in presenting the (No. of AGM) Annual Report together with the Audited Statement of Accounts of your Company for the Year ended March 31, 2021. 1. FINANCIAL SUMMARY The Company’s financial performance, for the year ended March 31, 2021:                      &nbs......

Read More

Can a company give loan to a director? Companies (Private & Public whether Small, OPC, Start-ups etc.) shall Not directly or indirectly, advance any loan (including loan represented by a Book debt (meaning of book debt is amount receivable on account of sales)  OR Give any guarantee  OR Provide any security in connection with any loan taken by: a) Any d......

Read More

As per section 71 (Debentures) read with rule 18 of the Share Capital and Debenture Rules 2014 provides the condition for issue of debentures. A debenture is a legal document that represents a secure means by which a creditor can lend money to the debtor. As per section 2(30) of the Companies Act 2013 defines the term Debentures as debenture includes debenture stock, bonds or ......

Read More

Companies considering the interest of all its well-wishers, who want to report genuine concerns within the organization, implements the Vigil Mechanism/Whistle Blower Policy. The Company has adopted a Code of Conduct for Directors and Senior Management Executives (the Code), which lays down the principles and standards that should govern the actions of the Company and its employees. Any actual o......

Read More

When a property is received on inheritance or as a gift, it is not taxable in the hands of receiver. When the inheritor or the receiver of this gift of property sells it, capital gains on the sale are taxable for the inheritor. The procedure to calculate the capital gains of inherited property is given below:- Step 1: You must know the cost of acquisition and indexation in order to calculate the......

Read More

As Per Section 59 of Motor Vehicle Act 1988, the Central government hereby notifies the following guidelines for setting up, authorization and operation of AVSF (Authorized Vehicle Scrapping Facility) in the country. These will be applicable in respect of following:- Vehicles which are no longer Validly Registered Under Section 41 of the Motor Vehicle Act 1988, or where the owners are desirous of......

Read More

The main objective of foreign trade policies is to make the import-export process simple and attractive for importers, exporters, and traders. There are various export promotion schemes, and Status Holder Certificate is one of them. The Objective of the Star Export House Certificate or Status Holder Certificate is to boost export performance. As per the updates to the Foreign Trade Policy of 20......

Read More

An audit refer to a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain that how far the financial and non-financial statements and disclosures present a true and fair view of the company. Broadly, the audit can be classified in to two type of audit i.e. the Financial Audit and the Compliance Audit -: The Financial......

Read More

Who can be a Registered Valuer? A person, who aspire to be a registered valuer, is required to possess certain qualifications and experience, obtain membership of a recognized organization of valuers and get itself registered as a valuer with IBBI. The RV Rules sets out in detail the eligibility criteria, educational qualifications (degree), experience, and procedure for registration of a value......

Read More

Every State has its own Shop and Establishment Act (“Act”), However, the general provisions of the Act are the Same in all States. The Shop and Establishment Act is regulated by the Labour Department of the respective states. The Act regulates all the shops and commercial establishments operating within the state. The respective states issue the registrations under the Act, and thus ......

Read More

The London Stock Exchange is one of the world’s most international capital markets, home to approximately 2,200 companies from more than 70 countries around the world. More than 500 of these companies are Global. The markets of the London Stock Exchange put UK and international companies in touch with one of the world’s deepest pools of global capital. London’s position at the h......

Read More

1.1 Incorporation: - Incorporation is the process by which a new or existing business registers as a limited company. A company is a legal entity with a separate identity from those who own or run it. The vast majority of companies are limited liability companies where the liability of the members is limited by shares or by guarantee. A business cannot operate as a limited company until it has be......

Read More

As per Section 248(1) of Companies Act 2013 the Registrar has the power to strike off the name of the Company, consequently, it had struck off various companies in India and also in process to strike off other companies, which fulfils the conditions as mentioned under Section 248(1). Now, the important thing comes how one can restore the name of the Company which has been struck off by the R......

Read More

Statutory Audit is a type of audit which is mandated by a Law or a Statute to ensure the books of accounts presented to the regulators and public are true and fair. Statutory audit is mandatory if certain criteria are being met by the business. It is performed by Qualified Chartered Accountant who is independent of the business. Statutory Audit - Meaning & Applicability: - Statutory Audit is......

Read More

1. Mandatory Compliances under FEMA:- To conduct business dealings within India, all transactions have to be compliant with relevant foreign exchange law. From setting up a bank account for an NRI to adjudication of disputes under FEMA, all the services have to be compliant with FEMA. 2. Why is Compliance under FEMA required? The main aim of FEMA regulation is to ensure that businesses are compl......

Read More

In 2002, the Sarbanes-Oxley (SOX) Act was passed by Congress in response to the fallout and uncertainty following frauds at World-Com and Enron. The Act introduced major reforms to the regulation of financial disclosure and corporate governance, with the goal of restoring the public’s confidence in auditing and financial reporting. The SOX Act 2002, also known as the “Public Company A......

Read More

1. Registering a Company with the New Zealand Companies Office:- Before starting an application to incorporate a New Zealand company with the Companies Office, Firstly creation of online services account and reservation of company name is mandatory. 2. Set up an online services account :- To file an online application to incorporate a company with the NZ Companies Office, Creation of ID is manda......

Read More

NEW ZEALAND COMPANIES ACT 1993 1. Introduction Forms of Corporate or Business Organisations in New Zealand:- The principal forms of business organisations are the following. Bodies Corporate – Body Corporate are the separate legal persons from their- Owners companies, formed under the Companies Act 1993; limited partnerships, formed under the Limited Partnerships Act 2......

Read More

1. Definition of the Producer Company: - “Producer Company” means a body corporate having objects or activities specified in section 581B and registered as Producer Company under the Companies Act, 1956. 2. Allowed Activities for Producer Companies:- A producer company is basically a body corporate registered as Producer Company under Companies Act, 2013 and shall carry on or relate t......

Read More

“External Commercial Borrowings (ECB)” means borrowing by an eligible resident entity from outside India in accordance with framework decided by the Reserve Bank of India in consultation with the Government of India:- Eligible entities may raise ECB from outside India in accordance with the provisions. 1. Currency of borrowings:- ECB can be raised in any freely convertible forei......

Read More

Trademark Assignment is a written document that authorizes a registered proprietor/user of a trademark to assign/transfer the trademark and to give authorisation for any consideration for such assignment. The assignor transfers a registered word, phrase, and symbol or design to another owner. Trademark Assignment takes place when there is a transfer of the owner’s power, title, and interest ......

Read More

1. Convene a Board Meeting and send the notice of the general meeting along with the explanatory statement to all its members. 2. Company shall pass the special resolution in its general meeting as per rule 21(1) for the conversion of section 8 company into private limited company. 3. Company shall file its certified true copy of special resolution and notice for convening the general meeting wi......

Read More

The branch office registration gives a foreign company the right to operate as a legal business entity in India. The Branch Office can carry out similar business activities as conducted by the parent company in their Home-Country. Branch Office is Restricted in Case of Manufacturing Activities. Eligibility Criteria:- For Setting Up Branch Office In India, The Company Must Fall Under The Followin......

Read More

It deals with the responsibilities and duties of Auditor with respect to process of conducting audit and maintaining proper documents including working paper files. Objectives-  The objective of standard is to prescribe a Principle for an Auditor To conduct an audit as per the prescribed audit process. To maintain documentation that provide:- a :- Sufficient and Appropriate R......

Read More

1. MEANING OF BONUS SHARES:- Bonus Shares refers to a further issue of shares made by a company having share capital to its existing shareholders without receipt of any consideration from the shareholders for issuance of such shares. It is an offer of free additional shares to the existing shareholders in proportion to their existing holdings. The basic principal behind bonus issue is that the ......

Read More

These are the Following Related Parties as per Companies Act 2013:- A director or His Relative (Relative means a member of the same HUF, husband, wife, father, stepfather, mother, stepmother, son, stepson, son’s wife, daughter, daughter’s husband, brother, stepbrother, sister, step-sister). Key Managerial Personnel or his Relatives. A firm in which a director, manager, o......

Read More

The Chemical Based and Allied Products from India falls under chemical and Allied Export Promotion Council (CAPEXIL), The Ministry of Commerce which promotes the export of chemical based products. CAPEXIL, a Premier Export Promotion Council was setup in March 1958 by the Ministry of Commerce, Government of India to promote export of chemical and Allied Products from India. And since then has been......

Read More

RERA Complaint Regarding Different Projects As per RERA, 2016, it is necessary for both the builders and developers to get their projects registered under the state regulatory authorities of the Concerned State. RERA provides a platform to the buyers where they can keep an eye on the growth and development of the on-going projects and can also lodge a complaint in case of any grievance. The b......

Read More

A Forensic Audit is an evaluation and examination of an individual's or a firm's financial records to stem up evidence that can be used in a legal proceeding or court of Law. Forensic auditing is a specialization within the accounting field, and most large accounting firms have a forensic auditing department. Forensic audits necessitate auditing and accounting procedures as well as expert knowled......

Read More

1. Registration of Project Office:- The RBI allows a parent company based in another country for project office registration in India to represent the parent company's interests when executing projects in India. However, the parent company must have a contractual relationship to execute a project in India. The project can be entitled to a foreign company by any Indian government sector or private......

Read More

Foreign Investment means any investment made by person resident outside India on a repatriable basis in capital instruments of an Indian Company or to the capital of an LLP. Foreign Direct Investment is the investment through capital instruments by person resident outside India as follows:- In an unlisted Indian Company or In 10% or more of the post issue paid-up equity capital on a......

Read More

♦ As per (ii) to section 42 of the Companies Act 2013 Preference Share Capital includes that part of the share capital the holders of which have a preferential right over payment of dividend (fixed amount or rate) and repayment of share capital in the event of winding up of the company. ♦ Further, as per (iii) to section 42, when a certain class of shares has either of the follow......

Read More

A foreign company or an investor proposing to incorporate a business in Australia may choose from a number of different entities or forms of business organisation. Each of these forms has its advantages and disadvantages. Business owners will need to carefully consider them and take advice to determine which is the most appropriate form for their business. The major forms of business organisation......

Read More

1. REGULATORY SCHEME :- CORPORATIONS ACT 2001 The Corporations Act 2001 principally regulates companies and their incorporation, the acquisition of shares, securities, and the derivatives industry. The Corporations Act, together with other major pieces of legislation such as the Australian Securities and Investments Commission Act, the Australian Securities and Investments Commission Guidelines a......

Read More

DOCUMENTS REQUIREMENTS:- -Photograph -PAN (in case of Indian National) -Passport- Identity Proof; -Voter ID/DL/Aadhaar/Passport (in case of Indian National) -Bank Statement/Electricity/Gas/Telephone Bill (Not older than 2 months)-Residence Proof ♦ Other Documents:- -Subscriber Sheet of MOA (For Person Residing outside India); -Subscriber Sheet of AOA (For Person Residing outside......

Read More

Benefits of a Limited Liability Company (LLC) in Dubai Dubai LLC offers unrivalled access to the wider UAE economy. No specific minimum capital needed. Investors can manage the business without any day-to-day interference from the local partner. Convenient to open corporate bank accounts along with easy availability of credit facilities. This business entity is ideal for a business looking to of......

Read More

Basic Information: - Limited Liability Partnership (LLP) is a combination of partnership and corporation. It is a new structure of business which facilitates the flexibility of partnership with benefit of limited liability from company at a low compliance cost. Why to close a LLP: -. LLP may be closed down due to following reasons: - 1-Continuation of regular losses 2-Problems in the management......

Read More

A) Basic Info:- “Letter of Undertaking”(LUT) is a document that is submitted by the exporter who wants to export goods & services without the payment of taxes. In case the LUT is not filed, the exporter may export by payment of IGST and then claim the refund of tax so paid. However, the exporters always prefer to export by filing LUT as they don’t want to indulge in refu......

Read More

AS 10 Property, Plant and Equipment AS 10 is to be applied in accounting for property, P&E (Plant and Equipment) and this standard are not applicable to: (a) Biological Assets which are related to agricultural activities except for bearer plants. The Standard is applicable to bearer plants, however, it doesn’t apply to the produce on bearer plants; and (b) Wasting Assets which include......

Read More

BALANCE SHEET OF ________LTD AS ON 31/03/2021FORMAT AS PER IND-AS GUIDELINES ASSETS Note no. As at 31st March, 2021 As at 31st March, 2020 Non-Current Assets       Property, Plant and Equipment       Capital Work in progress       Financial Assets       ......

Read More

Oxygen plays a vital role in the respiration of human beings. Without oxygen, no human life is possible on the planet. Human beings and many other creatures on the earth breathe in oxygen to stay alive. Oxygen is naturally produced by plants during photosynthesis wherein plants take carbon dioxide and release oxygen into the atmosphere.             Oxygen is als......

Read More

Merchant Banker refers to entity registered with SEBI with specific purpose and guidelines of activities to pursue in financial market per se securities market. It means any person who is engaged in the business of issue management either by making arrangements regarding selling, buying or subscribing to securities issued by corporate who is in process of or already listed in securities market o......

Read More

‘Nidhi Company’ means a ‘company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit’. After being incorporated as a Nidhi Company, it shall comply with all the provisions and restrictions applicable. Registration Proces......

Read More

The most significant technology risks for 2021 reflect our COVID-19 world and its impact on business conditions and priorities. What’s increasingly apparent is that more digitally mature organizations have a clear advantage. Post Corona Virus Period  in September/October 2020, Several Big Four Firms and ISACA conducted a global survey of more than 7,400 IT audit and risk leaders and pr......

Read More

Trademark list is the process of classifying trademark application form and then companies as per their goods and services. Trademark is the registered mark of a business organization or an individual who is doing his own business. It gives a clear picture about the list of goods and services and various types of trademark lists those are registered under the name of certain companies. These tr......

Read More

(Prudent Requirements  under Income Tax Act on holding of Jewellery more than the limit prescribed by the CBDT) FAQ on government’s recent thrust on tracking unaccounted monies and investments in Liquid Assets Such as Gold :- The purpose of this article is to make aware about all the possible benefit available to the searched person(s) in respect of jewellery found during the course o......

Read More

A company is referred to as Section 8 Company when it registered as a Not For Profit Organization (NPO) i.e. when it has motive of promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for promoting these objectives. The income of NPO cannot be used for paying out dividen......

Read More

Scope This Auditing Standard is applicable to Auditor undertaking any audit engagement under the Companies Act, 2013 or SEBI Act, 1992 or any other law for the time being in force. The Standard deals with Auditor’s roles and responsibilities in agreeing to the terms of audit engagement and entering into an understanding/agreement with the Management for the purpose of audit. Effective Date......

Read More

Startups are becoming very popular in India. In order to develop the Indian economy and attract talented entrepreneurs, the Government of India, under the leadership of PM Narendra Modi, has started and promoted Startup India initiative to recognize and promote startups.    Startup India is launched in order to grow Indian economy and attract potential entrepreneurs. Startup India ......

Read More

The Real Estate Regulation & Development (RERA) Act, 2016 is an Act to protect home-buyers as well as help to enhance investments in the real estate industry. RERA Act 2016 came into force from 1 May 2016. The real estate sector has developed in the recent years but has mostly been unregulated from the view of consumer protection. Though, consumer protection laws are available, the ......

Read More

What is Payment Gateway License? A payment gateway is a financial service that reads payment cards (like debit card, credit card, net-banking and payment through your e-wallet, etc.), payment gateways refer to software and servers that transfer transaction info to acquiring banks and responses from issuing banks. Essentially, payment gateways facilitate communication within banks. A payment gate......

Read More

As we all are aware that Ministry of Corporate Affairs (MCA) in strict action mode since last 2-3 years and have strike off large no of Companies on its own motion and disqualified their directors for being a director for five years, just because of non-filing of due Statutory Annual Returns for continuously last 3 financial years. Consequently, the large no of Companies have sound business track......

Read More

NEEDED FOR BUSINESS AND CORPORATE HOUSES:-  Income Tax Income Tax return for the Fy 2018-19 has been extended to 30th June 2020. Interest at 9% P.A. instead of 18% for late deposit of TDS however date of TDS deposit remains same. Aadhar PAN linking date extended to 30th june 2020. Vivad se Vishwas scheme also extended to 30th June without 10% additional charge. GST Returns F......

Read More

LODR Checklist for Secretarial Audit   Matter for consideration Regulation Reference Compliance Yes/No/NA Comments Workpaper Reference   CHAPTER III - COMMON OBLIGATIONS OF LISTED ENTITIES           1 Whether the has appointed a qualified Company Secretary as the Compliance Officer. 6(1)   &......

Read More

Audit Committee (1) Every listed entity shall constitute a qualified and independent audit committee in accordance with the terms of reference, subject to the following: (a) The audit committee shall have minimum three directors as members. (b) Two-thirds of the members of audit committee shall be independent directors and in case of a listed entity having outstanding SR equ......

Read More

What is a Board Meeting? The board meeting is a formal meeting of top executives or directors of the company called to debate certain issues and problems and to make decisions. The meetings are held at definite times, at definite places. A Board meeting is organized to solve some special issues, taking important decisions or to make new policies. Board meetings require more planning and det......

Read More

A Secretarial Audit is a mechanism to check the compliance of an organization to the laws, rules, regulations, notifications etc prevalent at the time of the audit. In this case, it is to check if a company has been complying with the provisions of the Companies Act 2013 and all of its rule therein. The rules and regulations around companies are very complex and ever increasing. The responsi......

Read More

ITS ALL ABOUT CORPORATE DESK- Independent Director The Companies Act,1956 did not provide us the specific definition of an Independent Director. But Independent Directors are in the limelight as per the Companies Act, 2013. A separate criterion has been established for the companies to have an Independent Director. Basically, we can say that an independent director is a non-executive direct......

Read More

Assets Reconstruction Company It is a Company registered under the Companies act 2013 for the purpose of securitization & it also requires a registration from RBI as per SARFAESI act under section 3. Asset Reconstruction Company is in the business of buying the bad loan from the bank. Asset reconstruction company is a specialized financial institution that buys the bad loan, NPAs from banks &......

Read More

Introduction to NBFC’s in India Non-banking financial companies (NBFCs) are a vital part of the Indian financial service system. NBFC’s have multiplied in large numbers and serving the public at large to support the financial inclusion program with affordable credit at home. NBFCs are playing a key role in meeting the credit demands unmet by the traditional banks, specifically fo......

Read More

Find me easily on Google Map

Contact info
  • Adress:

  • Email: xxxxxxxxxx
  • Phone: xxxxxxxxxx
  • Website:
  • Skype:
Follow me
Let's keep in touch