Month: July 2015

List of Resolution for which MGT-14 requires to be filed

22 July 2015

List of Resolution for which MGT-14 requires to be filed List of Resolution for which MGT-14 requires to be filed. We have listed Resolutions in 3 Categories, for which Form MGT-14 is required to be filed with ROC- 1. Board Resolutions – Annexure A 2. Special Resolutions- Annexure B 3. Ordinary Resolutions- Annexure C The list is updated after considering the recent exemption / relaxation provided to by notifications dated 05.06.2015 to Government Companies, Private Companies, Nidhi Companies an...

Conversion of Loan Into Share Capital

13 July 2015

Conversion of Loan Into Share Capital & Right Issue For Raising Capital Issue of shares has been an area of concern under the Companies Act, 2013. Conversion of loan into share capital or right issue is a less cumbersome and more practical process for raising capital for small & medium size companies. Different ways to issue capital as mentioned in Companies Act, 2013 are as hereunder: i) Right Issue to Equity share capital on pro rata basis u/s 62(1)(a). ii) Preferential Allotment [To predeterm...

BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015

2 July 2015

BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015 SCHEME OPEN UPTO SEPT. 30, 2015 Those assessee with any undeclared overseas income or assets will have a 3 month window to come clean beginning on July 1, 2015 and a further 3 months to deposit the appropriate tax and penalty till Dec 31, 2015. Ministry of Finance, Government of India has announced details of a compliance window to curb black money. Central government has notified on 30th September, 2015, as the...