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Understanding Deemed Public Companies under the Companies Act, 2013: A Comprehensive Overview
Abstract: In the context of the Companies Act, 2013, the term "deemed public company" signifies a unique classification. It pertains to private companies that, while formally retaining their private d...
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Shifting a Private Limited Company's Registered Office to Another State: A Step-by-Step Guide
OverviewShifting the registered office of a private limited company from one state to another in India involves a series of detailed steps, as outlined in Section 13(4) to 13(7) of the Companies Act,...
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ICAI CCM Dhiraj Khandelwal clarifies on NFRA Order
Extract of Tweet made by Central Council Member (CCM) of ICAI Dhiraj Khandelwal @kdhiraj123 There is lots of discussion on NFRA order, just to clarify I am not in active practice since 2010 however ac...
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FRQRR Analysis: NFRA Review of PSP Projects Ltd. Financial Reporting Quality
The National Financial Reporting Authority (NFRA) is mandated by the Companies Act, 2013, to monitor and enforce compliance with accounting standards. NFRA’s FRQRR of PSP Projects Ltd. highlighted sig...
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FAQs on Cost Records Maintenance and Audit under Companies Act, 2013
The Institute of Chartered Accountants of India FAQs Frequently Asked Questions on Maintenance of Cost Records and Audit thereof Under the Companies Act 2013 Technical Cell The Institute of Cost Accou...
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MCA operationalises CPC for Centralised Processing of Corporate Filings
Introduction: The Ministry of Corporate Affairs (MCA) has taken a significant leap towards enhancing Ease of Doing Business with the operationalization of the Central Processing Centre (CPC) for Corpo...
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MCA Notification: Central Processing Centre for Form Processing
Introduction: In a significant move, the Ministry of Corporate Affairs (MCA) has issued a notification No. S.O. 446(E) on 02nd February 2024, announcing the establishment of a Central Processing Centr...
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NFAR Annual Report 2022-23
The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive report, offers stakeholders a holistic view of NFAR operations and acti...
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Walker Chandiok & Co LLP – NFRA Inspection Report on audit quality
NFRA Inspection Report, numbered 132.2-2022-05 and dated December 29, 2023, scrutinizes the audit practices of Walker Chandiok & Co. LLP (WCCL). Mandated by Section 132 of the Companies Act 2013, the...
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MCA Year Ender 2023: Transformative Changes in Corporate Governance
Ministry of Corporate Affairs Year Ender 2023: Paving the Path for Progressive Corporate Governance In the dynamic landscape of corporate governance, the Ministry of Corporate Affairs (MCA) has relent...
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Format for Board resolution to opening a new branch office
ON THE LETTERHEAD OF THE COMPANY EXTRACT OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF M/s _______________ LIMITED HELD ON ______(Date) AT: ______(Time) AT THE REGISTERED OFFICE...
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NFRA Inspection 2022: Analysis of Price Waterhouse LLP Audit Compliance
The National Financial Reporting Authority (NFRA) conducted a meticulous audit quality inspection of Price Waterhouse Chartered Accountants LLP in December 2022, in line with Section 132 of the Compan...
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SRBC & Co. LLP Audit Inspection Report 2022: NFRA Findings Revealed
The National Financial Reporting Authority (NFRA), mandated by Section 132 of the Companies Act 2013, plays a pivotal role in monitoring compliance with Auditing Standards and ensuring the quality of...
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Deloitte Haskins & Sells LLP Audit Quality Inspection 2022 Report
Deloitte Haskins & Sells LLP, a prominent audit firm registered under Firm Registration No. 117366W / W-100018, underwent an audit quality inspection initiated by the National Financial Reporting Auth...
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NFRA Inspection Report 2022: Key Observations on B S R & Co. LLP’s Audit Quality
National Financial Reporting Authority (NFRA) conducted a rigorous audit quality inspection of M/s B S R & Co. LLP, a prominent Chartered Accountant firm, mandated under Section 132 of the Companies A...
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8 recent Changes related to Companies Act, 2013 and LLP Act
Introduction: The year 2024 brings significant amendments to corporate regulations in India, impacting various aspects of business operations. The Ministry of Corporate Affairs (MCA) has introduced ch...
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Compliance Alert: Significant Beneficial Ownership Rules 2018
Institute of Chartered Accountants of India (ICAI) has issued an important announcement dated October 18, 2023, addressing the sensitization of companies to comply with the provisions of Section 90 of...
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Difficulty in Receiving OTP for DIR-3 KYC Filing
Filing the DIR-3 KYC (Director’s KYC) is a crucial compliance requirement for directors in India, ensuring transparency and accurate information in the corporate world. However, recent issues have ari...
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ICSI Requests extension of facility of hold AGM through Video Conferencing
Introduction: In a recent development, The Institute of Company Secretaries of India (ICSI) has addressed a letter to Dr. Manoj Govil, IAS, Secretary of the Ministry of Corporate Affairs, Government o...
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ICSI urges to allow CS in practice to be independent director of a company
The Institute of Company Secretaries of India (ICSI) has formally submitted a request for changes to the Companies Act, 2013, targeting Sections 204 and 149. The proposed amendments seek to allow Comp...