Year: 2025

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 […]

In the corporate world, directors play a pivotal role in steering a company toward success. However, when it comes to financial dealings between a company and its directors, especially loans, the law steps in to ensure transparency, accountability, and protection of stakeholders. This blog explores the concept of loans to directors, the legal framework governing […]

There are two forms prescribed by the MCA, depending on the director’s filing history: DIR-3 KYC (For directors filing for the first time or if there were changes in personal details). ⚠️ Penalty for Non-Compliance If a director fails to file the KYC by the due date: The DIN is deactivated with the reason “Non-filing […]

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 directors to stay […]