Subsequent to making PAN mandatory for obtaining Director Identification Number (DIN), the MCA has issued a circular stating that all DIN holders are required to intimate their PAN to the Ministry. The intimation is to be done by filing Form DIN 4 on or before 30th September 2011. Non-filing of the form on time would [...]
What is an SOP? Every organization will have processes for the various activities that are carried out. The processes will include both operational (sales, marketing, etc) and back-end activities (accounting, payroll, administration, etc). Initially when an organization starts small, these processes are easy to carry out and monitor. However, as an organization starts growing, carrying [...]
A lot of entrepreneurs wish to run non-profit organisations to promote objects like charity, religion, art, etc. Even though there are forms of organisations such as trust and societies for these purposes, there is an option available to promote these objects through a company registered under the Companies Act.. These companies are known as Section [...]
Most of the entrepreneurs raise a doubt on whether they can designate someone as “Director” (either with prefix or suffix – like “Commercial Director”, “Director – Sales” etc) without admitting them on the Board of Directors. Cogzidel has been advising them not to do so, for the reason that the people who interact with them [...]
MCA has introduced The Company Law Settlement Scheme 2011, condoning the delay in filing documents such as annual returns and balance sheets with the Registrar of Companies, granting immunity from prosecution and charging additional fee of 25 percent of actual additional fee payable for filing belated documents under the Companies Act, 1956 and rules made [...]