Tax on Dividend declared, distributed or paid by Domestic Companies

Domestic Company Dividend Tax

What is Dividend Distribution Tax? Who is responsible to pay tax on distributed tax on dividend received by the domestic company from its subsidiaries.

Complete list of sections of Income Tax Act, 1961-2016

Income Tax Section List

Download the list of all sections i.e. section 1 to section 298 of the Income Tax Act, 1961 as amended by the relevant Finance Act in PDF format.

INC-29 eForm for Company Name, Incorporation and DIN Application

eForm INC-29

File single Form No. INC-29 for reservation of name, allotment of DIN and Incorporation of Company. No need to file INC-1, INC-2/7, DIR-12 and INC-22.

Pending Registration of Transfer of Shares of any Company

Pending Share Transfer Registration

Sec. 126 of Companies Act, 2013, right to dividend, rights shares and bonus shares to be held in abeyance for pending registration of transfer of shares.

Exemptions to companies licensed u/s Section 8 of CA 2013

Exemptions to Non-profit Companies

Section 8 (Non-Profit) Companies are exempted from certain provisions of the Companies Act, 2013 as per section 462 of Companies (Amendment) Act 2015.

Exemptions to Private Company u/s 462 of Companies Act, 2013

Exemption to Private Companies

MCA has notified certain sections which shall not apply or shall apply with such exceptions, modifications and adaptations to Private Companies u/s 462 of CA 2013.

Exemptions to Nidhi Companies u/s 462 of Companies Act, 2013

Exemption to Nidhi Company

Nidhi companies are exempted from the provisions of specified sections of the Companies Act, 2013 as per section 462 read with 406 of CA 2013.

Exemptions to Government Companies u/s 462 of CA 2013

Exemptions to Govt Company

Provisions of specified sections which shall not apply or shall apply with exceptions to a Government Company under section 462 of Companies Act, 2013.

Punishment for Failure to Distribute Dividends

Punishment Failure Distribute Dividends

The company and every directors shall be punishable for failure to distribute dividends as per provisions of section 127 of the Companies Act, 2013.

The Companies (Declaration and Payment of Dividend) Rules, 2014

Dividend Rules

The Central Government vide MCA notification dated 29th May, 2015 makes the Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015.

Powers and Duties of Auditors for Audit Reports of a Company

Auditors Power Duties

The powers and duties of auditor of a company and detailed reporting requirement under section 143. Standards of Auditing for Audit Report of a Company.

Books of Account of Company – Maintenance, Inspection and Penalty

Books of Account

Provisions related to keeping, maintaining and inspecting books of accounts of any company and penalties under section 128 of the Companies Act, 2013.

RBI revised the regulatory provisions relating to NBFCs

NBFC Revised Regulatory Provisions

Revised Regulatory Framework for NBFC (Non-Banking Finance Company). Requirement of minimum Net Owned Fund, Asset Classification and Prudential Norms.

Corporate Social Responsibility Committee by Indian Company

CSR Committee

Know the provisions u/s 135 of Companies Act, 2013 related to the constitution of Corporate Social Responsibility (CSR) committee by BOD of a company.

Activities covered under Schedule VII of Companies Act 2013

Schedule VII Activities

Amended Schedule-VII of Companies Act, 2013 for Activities which may be included by companies in their Corporate Social Responsibility (CSR) Policies.

Exemption to Government Company producing Defence Equipments

Company Producing Defence Equipment

CG exempts Govt. Companies producing Defence Equipments from disclosure requirements of additional info while preparing Statement of Profit and Loss.

Notes on Ind AS-32 Financial Instruments: Presentation

Financial Instruments Presentation

Objective, Scope and Definitions of various terms like Financial Assets/ Liabilities, Equity Instruments, and Puttable Instrument etc. as per Ind AS-32.

Disclosures in Explanatory Statement for Special Business

Explanatory Statement Disclosures

Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 relating to the Special Business to be transacted at a general meeting of a company.

Separate and Consolidated Financial Statement of a Company

Financial Statement of Company

Provisions related to mandatory compliance requirement for Separate and Consolidated Financial Statement of a company under section 129 of companies Act, 2013.

Accounting Standards prescribed by Central Government

CG Prescribed Ind-AS

Provisions of section 133 of the Companies Act, 2013 - Central Government to prescribe Accounting Standards read with Companies (Accounts) Rules 2014.

Authentication of Financial Statement and Directors Report

Sign Financial Statements

Financial Statements authentication and signing of Board’s Report and Directors’ Responsibility Statement under section 134 of the Companies Act.

Right of Member to Copies of Audited Financial Statement

Circulation of Financial Statement

Entitlement, Inspection and manner of circulation of audited financial statement of company under provisions of section 136 of the Companies Act 2013.

Resignation, Removal of Auditor and giving of Special Notice

Resignation Removal of Auditor

Removal, resignation of auditor of a company and giving of special notice in compliance with the provisions of section 140 of the Companies Act, 2013.

Remuneration of Auditors of Companies and its Disclosures

Remuneration of Auditors

Remuneration of Auditors (except first auditor) of company shall be determined by shareholders in general meeting as per section 142 of Companies Act 2013.