Year: 2025

Strike Off (via Form STK-2) *Eligibility:* Company has no liabilities and is not carrying on business. Stepwise Process • 1. Hold Board Meeting and pass resolution for Strike Off. • 2. Obtain consent of shareholders (Special Resolution). • 3. Prepare and execute Affidavits & Indemnity Bonds from all directors. • 4. Prepare Statement of Accounts […]

1. Verify Articles of Association (AOA) • Check whether the AOA permits conversion of loan into equity. • If not permitted, alter the AOA by passing a Special Resolution. 2. Board Meeting • Issue notice of Board Meeting (minimum 7 days before meeting). • Pass Board Resolution for: o Approval of conversion of loan into […]

September DUE DATE- In India, the Ministry of Corporate Affairs (MCA) has mandated Know Your Customer (KYC) for all directors to ensure transparency and curb fraudulent activities in the corporate ecosystem. The Director’s KYC compliance is crucial for maintaining an active DIN (Director Identification Number) status. As the deadline approaches, it’s essential for companies and […]

XBRL is a language for the communication of financial and business data electronically used for business reporting around the world. XBRL means extensible Business Reporting Language. The XBRL filing provides benefits in analysing, preparing, and communicating business information. The Ministry of Corporate Affairs (MCA) introduced XBRL filing of financial statements with the Registrar of Companies […]

A New Era in U.S.-India Trade Relations On August 6, 2025, the United States, under President Donald Trump, reshaped global trade dynamics by hiking tariffs on a broad array of Indian products. This assertive move, raising rates by an additional 25%—and totaling a remarkable 50% for most categories—has thrust a spotlight on the intricate relationship […]

What is an LEI Number and Why is it Important? In today’s globalized financial world, transparency and accountability have become essential. To ensure that every business entity involved in financial transactions can be uniquely identified, the concept of the Legal Entity Identifier (LEI) was introduced. 🔎 What is an LEI Number? The Legal Entity Identifier […]

In the pursuit of strengthening corporate governance, the Ministry of Corporate Affairs (MCA) has made it mandatory under Section 118(10) of the Companies Act, 2013 for companies to comply with Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI). While Secretarial Standard 1 (SS-1) deals with Board Meetings, Secretarial Standard 2 (SS-2) […]

The Ministry of Corporate Affairs (MCA), through Section 118(10) of the Companies Act, 2013, has mandated compliance with Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI). Among these, Secretarial Standard 1 (SS-1) deals with the conduct of meetings of the Board of Directors. SS-1 provides a detailed framework to ensure good […]

🥗 What is FSSAI and Why It Matters for Your Food Business? In India, food safety is a top priority — and the Food Safety and Standards Authority of India (FSSAI) is the regulatory body that ensures the food we eat is safe, hygienic, and of good quality. Whether you’re starting a small food business […]

Understanding Section 186 of the Companies Act, 2013: Loans, Investments, Guarantees, and Securities The Companies Act, 2013 governs corporate affairs in India and has a dedicated provision—Section 186—that regulates how companies deal with loans, investments, guarantees, and securities. This section is a key control mechanism, ensuring companies do not misuse their financial resources or indulge […]