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Month: September 2025

section-248-of-companies-act-2013-a-comprehensive-guide

STRIKE OFF UNDER SECTION 248 OF THE COMPANIES ACT 2013

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 […]
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loan

Conversion of loan into Equity

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 […]
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kyc

Due date September, 2025 Director’s KYC

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 […]
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xbrl

What is XBRL

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 […]
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