Main Objects For Property Management

Main Objects For Property Management Detailed Main Objects For Property Management To maintain or provide services in respect of all buildings, apartments, commercial complexes of all nature. To carry on the business of providing all types of facilities, management and maintenance of all kinds and structure s such as commercial & residential buildings and complexes, […]

Audit Report Format of Limited Liability Partnership (LLP)

Audit report format for Limited Liability Partnership LLP Where Turnover of Limited Liability Partnership exceeds Rs. 40 Lakhs or partner’s obligation of contribution exceeds Rs. 25 lakh then LLP required to get its books of accounts audited. In LLP Audit auditor check Purchases Statement Sales Statement Scrutiny of Profit & Loss statement Verification with GST […]

Surrender of DIN Procedure

Surrender Of DIN Procedure Surrender Of DIN Procedure Section 153 of the Companies Act, 2013 Read with Rule 11 of the Companies (Appointment and Qualification of Directors) Rules, 2014. As per section 153 of the Companies Act, 2013, Every Individual intended to be appointed as Director of the Company, shall make an application for allotment of DIN to […]

Format of Resolution by Circulation

Format of Resolution by Circulation The following Resolution is intended to be passed by circulation as per the provisions of Section 175 of the Companies Act, 2013. A note explaining the urgency and necessity for passing the said Resolution by circulation and the supporting papers (if any) are enclosed. and also it includes particular  Format […]

Introduction of form MGT 7A by ministry of corporate affairs

Introduction of form MGT 7A by Ministry of Corporate Affairs Recently the Ministry of Corporate Affairs has notified a separate form for small companies and one-person companies (OPC) under section 92 read with sub-rule (1) rule 11 of the Companies Management and Administration rules. In this regard, it is pertinent to note that the Finance Bill, […]

Passing the resolution by circulation

Passing the Resolution by Circulation The Companies Act, 2013 makes the provision of Passing the resolution by circulation, to transact urgent matters in cases where the holding of Board Meeting is not possible on an immediate basis or due to non-availability of Directors. As per Section 175 of Companies, Act 2013 read with Rule 5 […]

Compliances for Limited Liability Partnership

Compliances for Limited Liability Partnership LLP – Limited Liability Partnership, like the name suggests that the biggest advantage of an LLP structure is that its Partners’ liability is restricted to their share of investment in the LLP, as against unlimited liability in case of a Partnership firm. This means, in case of debt, the Partners’ […]

Compliances of a Partnership Firm

Compliances of a Partnership Firm Mandatory Compliances of a Partnership Firm Partnership firms are relatively easy to start and are prevalent amongst small and medium sized businesses in the unorganized sectors. Partnership Firms can be registered merely by a simple partnership deed by obtaining a stamp paper. There is another way, where the Partnership Firm […]

New Definition of Small Company

New Defination of Small Company The Ministry of Corporate Affairs has notified an amendment in the Companies (Specification of Definitions Details) Rules, 2014 that came into force on 1st April 2021. The MCA (Ministry of Corporate Affairs) has effected this amendment in accordance with the proposal of the Honourable Finance Minister to revise the definition […]

No need to file ADT-1

No need to file ADT-1 in case of appointment of first auditor of the company No need to file ADT-1 in case of appointment of first auditor of the company – Companies Act, 2013 (‘CA, 2013’) Form ADT 1 governed by following :  Section 139 of the Companies Act, 2013 Section 140 of the Companies […]