Specimen of Directors’ Report / CSR Report– Companies Act, 2013

Your Directors have pleasure in presenting their ………….Annual Report on the business and operations of the Company and the accounts for the Financial Year ended March 31, 2015.1. Financial summary or highlights/Performance of the Company (Standalone)The Board’s Report shall be prepared based on the stand alone financial statements of the company.The Financial data for the … Read more

Declaration of Beneficial Interest under Companies Act, 2013

Overview:Section 89 of the Companies Act, 2013 and Chapter VII of The Companies (Management and Administration) Rules, 2014 covers the concept of declaration of beneficial interest in any shares (Including Preference Shares).Purpose for having Beneficial InterestThe concept of declaration of Beneficial Interest in any shares can be used for any of the following purposes by … Read more

Depreciation under Companies Act 2013.,

What Is Depreciation:Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of the time or obsolescence through technology and market changes, Depreciation includes amortization of assets whose useful life is predetermined.Calculation of Depreciation. (CLICK INTO THE IMAGE GET ORIGINAL SIZE) Depreciation is … Read more

Intimation of Directors Identification Number (DIN) by Directors & eForm DIR-3C

Intimation of Director Identification number by the company to the Registrar  Law(s) Governing the eForm- eForm DIR-3C is required to be filed pursuant to Section 157 of the Companies Act, 2013 & Rule 10A(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014 which are reproduced for your reference. Section 157: (1) Every company … Read more

Companies (Accounts) Amendment Rules, 2015

Companies (Accounts) Amendment Rules, 2015 – F.NO. 1/19/2013-CL-V-PART – Dated 16-1-2015 – Companies Law [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, dated 16th  January, 2015 In exercise of the powers conferred by section 469 of the Companies … Read more

Buy Back of Shares under Companies Act 2013

Buy Back of Shares means the purchase by the Company of its own shares. Buy Back of equity shares is an imperative mode of capital restructuring. It is a corporate financial strategy which involves capital restructuring and is prevalent globally with the underlying objectives of increasing Earnings per Share, averting hostile takeovers, improving returns to … Read more