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Category: COMPANIES ACT

Extension of time for filing of E-forms by the Companies & LLP
Venkat June 1, 2016

Extension of time for filing of E-forms by the Companies & LLP

Relaxation of additional fees and extension of time for filing of eForms by the Companies under Companies Act,2013 and for filing of Annual Return (Form 11 ) by the LLPs under the Limited Liability Partnership Act,2008 In continuation of this Ministry’s General Circular No.03/2016 dated I2.04.2016 …
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Venkat May 22, 2016

Sukanya Samriddhi Yojana Scheme

Sukanya Samriddhi Yojana was launched by the Prime Minister Mr. Narendra Modi on 21st January 2015 which provides the support to meet the expense of the Girl child’s higher education and marriage. Key parameters are here under Eligibility? Gender: Girl child only Citizenship: Child should be …
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Venkat May 6, 2016

KEY CHANGES OF CARO 2016 Vs 2015

This change may not be new challenge for statutory Auditors. However it seems to be Strengthen as well as expatiate the ORDER with view of transparency to the financial users. Of course this Order preparation may be little bit time consuming but i belief the same gonna be …
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Venkat May 4, 2016

COMPANIES (AUDITOR’S REPORT) ORDER, 2016 APPLICABILITY.

The MCA has issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016) which is applicable for audits of financial statements for periods beginning on or after April 1, 2015. The CARO 2016 contains several new reporting requirements which were not there in the earlier Orders i.e, CARO 2003 and CARO 2015. …
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DEFINITION FOR FINANCIAL INSTITUTIONS
Venkat May 4, 2016

DEFINITION FOR FINANCIAL INSTITUTIONS

Sub section (39) of section 2 of the Act defines the term “financial institution” to include a scheduled bank, and any other financial institution defined or notified under the Reserve Bank of India Act, 1934 (2 of 1934)”. The term financial institution has been defined under clause (c) of …
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Venkat May 4, 2016

STARTUP SCHEME IN INDIA- ELIGIBILITY, PROCEDURE & KEY BENEFITS?

  Startup India is a flagship initiative of the Government of India, intended to build astrong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. Eligibility Criteria for Startup Scheme: An entity (Private Limited …
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Venkat April 22, 2016

Instructions for Filing the name availability with MCA Form INC-1

In case you are filling the application for reserving the name for a new company, then fill the Part A, B and C of the eForm. In case you are filling the eForm for change of name of an existing company, then fill the Part B, …
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