CS Sweety Aggarwal

Section 14 of the Companies Act 2013 deals with the Provisions of Alteration of Articles of the Company. (1) Subject to the provisions of this Act and the conditions contained in its memorandum, if any, a company may, by a special resolution, alter its articles including alterations having the effect of conversion of– (a) a […]

In today’s fast-paced business environment, the concept of “due diligence” is more than just a checkbox—it’s a critical process that can make or break a deal, investment, or partnership. Whether you’re acquiring a company, entering a joint venture, or hiring a key executive, due diligence ensures you’re making informed decisions based on facts, not assumptions. […]

In today’s rapidly evolving business landscape, companies are increasingly turning to corporate restructuring as a strategic tool to adapt, survive, and thrive. Whether driven by market pressures, financial distress, mergers and acquisitions, or a shift in business focus, restructuring plays a vital role in reshaping organizations for improved performance and long-term sustainability. What is Corporate […]

Corporate Social Responsibility (CSR) means the voluntary contributions made by companies to a better society and a cleaner environment. It is a concept whereby companies integrate social and other useful concerns in their business operations for the betterment of their stakeholders and society in general. However, Section 135 of the Companies Act, 2013 (“Act”) provides that certain companies must mandatorily contribute a […]

Section 131 of the Companies Act, 2013 deals with Voluntary Revision of Financial Statements or Board’s Report. If it appears to the Directors of a Company that the Financial Statements or Board’s Report of the Company do not comply with the provisions of Section 129 and Section 134 of the Companies Act, 2013, they may prepare revisedFinancial […]

📢 Important Update: Half-Yearly Return Submission to MCA All companies must now submit a six-monthly return listing MSME suppliers whose payments have been delayed beyond 45 days. This initiative enhances transparency and accountability in business transactions. ⚠️ Note: This does NOT affect the MSME-1 Return, which is still required for the period of October to […]

What is Director KYC? Director KYC involves verifying the identities of a company’s directors. This process helps ensure that the individuals responsible for running the company are who they claim to be. Key components include submitting personal information, identification documents, and proof of address. Why is Director KYC Important? Ensuring Transparency Transparency is vital for […]

NOMINATION AND REMUNERATION COMMITTEE AND STAKEHOLDERS RELATIONSHIP COMMITTEE The applicability of the Nomination And Remuneration Committee And Stakeholders Relationship Committee is governed by Section 178 of the Companies Act, 2013. According to Section 178, the following companies are required to constitute an Nomination And Remuneration Committee And Stakeholders Relationship Committee: Every listed Public company Public companies with […]

SECRETARIAL AUDIT is a process to check compliance with the provisions of various laws and rules/ regulations/procedures, maintenance of books, records etc., by an independent professional to make sure that the legal and procedural requirements are complied with & also followed the due process. It is essentially a mechanism to monitor compliance with the requirements […]

The applicability of the audit committee is governed by Section 177 of the Companies Act, 2013. According to Section 177, the following companies are required to constitute an audit committee: All listed companies. Public companies with a paid-up share capital of 10 crore rupees or more. Public companies with a turnover of 100 crore rupees or more. all public companies, having […]