Introduction The Directors’ Report is one of the most significant statutory reports prepared by the Board of Directors of a company. It serves as a communication bridge between the Board and the shareholders by providing insights into the company’s financial performance, operational highlights, governance practices, risks, corporate social responsibility...
Read MoreCorporate Social Responsibility (CSR) under the Companies Act, 2013 enables companies to contribute towards social and developmental initiatives. To ensure transparency and accountability in utilization of CSR funds, the Ministry of Corporate Affairs (MCA) introduced mandatory registration of CSR implementing agencies through e-Form CSR-1. Prior to acceptance of CSR...
Read MoreIntroduction A Director Identification Number (DIN) is a unique 8 digit identification number allotted by the Ministry of Corporate Affairs (MCA) to an individual who intends to act as a director of a company. It is mandatory for every director to obtain and maintain a valid DIN throughout their...
Read MoreA Limited Liability Partnership (LLP) can have a Body Corporate — such as a Company — as one of its Partners or Designated Partners. In such cases, the Body Corporate appoints an authorised person or nominee to represent it in the affairs of the LLP. Over time, due to...
Read MoreWhen a startup raises funding from angel investors, venture capital funds, or strategic investors, one of the first documents discussed is the Term Sheet. A term sheet is a preliminary investment document that outlines the key commercial, legal, and governance terms between the investor and the startup before final...
Read MoreA Managing Director (MD) is one of the most important managerial personnel in a company, responsible for overall control of business operations and execution of board-approved strategy. The appointment and functioning of a Managing Director is governed under the provisions of the Companies Act, 2013. This article provides a...
Read MoreThe Ministry of Corporate Affairs (MCA) issued General Circular No. 03/2026 dated 08 July 2026 introducing the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), a one-time opportunity for companies to regularise delayed statutory filings and, where applicable, opt for dormancy or strike-off at concessional fees. The scheme has been introduced...
Read MoreSection 45-I(f) of the Reserve Bank of India Act broadly defines NBFC as: “a financial institution which is a company; OR a non-banking institution which is a company and whose principal business is receiving deposits under any scheme or arrangement or lending in any manner; such other non-banking institution...
Read MoreIntroduction of DIN DIN was formally introduced with effect from 1st July 2007 and is defined under Section 2(1)(d) of the Companies (Appointment and Qualification of Directors) Rules, 2014. The principal objective was to assign a unique lifetime identity to every company director. Section 155 of the Companies Act,...
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