ECBs are commercial loans/borrowing raised by eligible resident entities/companies from recognized Non-resident entities/companies and should equal to parameters such as: – minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc. The parameters apply in totality and not on a standalone basis. ECB comprises the following three tracks for raising loans: – Form of…
Apply For DIN With the addition of Sections 266A to 266G of the Companies (Amendment) Act, 2006, the notion of a Director Identification Number (DIN) was introduced. As such, all the existing Directors who want to obtain DIN shall apply within the prescribed time frame as notified. Forms for DIN application and modification thereof:…
Every company shall maintain and keep the books of account and papers and financial statement (FS) at its registered office for every financial year which give a true and fair view of The state of the affairs of the company, Including that of its branch office, if any, and Explain the transactions entered between the…
Introduction The Ministry of Corporate Affairs has amended the Companies (Prospectus and Allotment of Securities) Rules, 2014,and now has inserted a new Rule 9A with its applicability from 2nd October 2018.With the insertion of the new rule,every unlisted Public Company must providean opportunity to every shareholder to convert their shareholding into Dematerialized form. Rule 9A:…
Section 188 of the Companies Act, 2013 prescribes the related party transactions of the companies. A company, in the course of conduct of its business, enters into various transactions with different parties, which also include its related parties. Companies also carry on their business activities through their subsidiary companies and associate companies. Accordingly, related party…
According to Section 185of the Companies Act, 2013 read with the Companies (Amendment) Act,2017, Effective from 7th May 2018, a company shall not provide any loan, guarantee, or security-related to any loan taken by— any director of the company, or any director ofa company which is its holding company or any partner or relative of…
The company has to mandatorily file the financial statements to give the exact financial position of the company, to the shareholders. AOC-4 is used to file the financial statements for each financial year with the registrar of companies (ROC). If a company has its’ subsidiary company the company must file consolidated financial statements in the…
To create or take over a pharmacy, entrepreneurs must take several steps. Depending on the specifics of each activity, business owners can choose from several legal statuses when forming a company. To open a pharmacy, it is compulsory to obtain a diploma and an operating license. To get more information about the process of incorporating…
You open a company, commission an agency to create a brand for your business, you like it, you feel it yours. Meanwhile, the business grows, the turnover too. Your name begins to circulate. Years of work are finally rewarded by the success you had always hoped for: a brand well positioned on the market and…
If you have a car, a flat, you always register it to make sure that it is your property. So why don’t we do the same when we have a company? To inform a public body that you are the owner, and prevent another from using it, what you have to do is register it…
