Acceptance of Deposits by a private company: A private company has limited sources of funds available, unlike public and listed companies. Deposits are one of the major sources of liquidity for any private company because raising deposits is an easy, quick, and economical way of raising funds as compared to other sources of finances for example a public issue. However, before raising deposits it......

Annual Return on Foreign Liabilities and Assets:- Applicability: Annual Return on Foreign Liabilities and Assets is required to be filed by those entities which have received FDI and/or made overseas investments in any of the previous year including the current year. i.e. Entities which have foreign liabilities and assets standing in their balance sheet. Meaning of Entities: Here the word entiti......

Detailed Interpretation of Section 185 of the Companies Act, 2013 (Loan To Directors)   Applicability: Section 185 is applicable to a public company as well as a private company Section 185(1) as substituted w.e.f. 7-5-2018 vide Companies (Amendment) Act, 2017 No company shall directly or indirectly*, advance any loan, including any loan represented by a book debt** to, or give any g......

Provisions related to Related Party Transactions: Related Party Transactions are those transactions which are entered into by the company with its related parties. Since these transactions are with the related parties there is always a suspicion of misconduct and the chances of fraud are quite high. APPLICABLE PROVISIONS Section 2(76) & 188 of the Companies Act, 2013 read with Rule 6A, 15 a......

Many a times a LLP needs to change the place of its registered office. LLP Act, 2008 has prescribed the manner in which the Registered office of an LLP, can be shifted from one place to another.  Provisions Applicable: Section 13 of the LLP Act, 2008 and Rule 17 of the LLP Rules 2009. Pursuant to the provisions of section 13 of the Limited Liability Act, 2008 a Limited Liability Partnership......