Wednesday, October 5

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Educational Content Related to Indian Corporates, Directors, Regulators, and Financial Data Science

How to file DIR-3 KYC using Web Form for FREE?
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How to file DIR-3 KYC using Web Form for FREE?

The DIR 3 KYC is a form that must be submitted by each director assigned a DIN (Director Identification Number). This is mandatory for all directors regardless of qualified or disqualified status. The last date to file DIR-3 KYC is 30th Sept 2022, After that, you'll be charged a penalty of Rs. 5000 for late filing your DIR-3 KYC.  So, Here is an Easy Step by Step guide to filing the DIR-3 KYC Web form.  STEP 1 - Visit the DIR-3 KYC Web Form Click on - DIR-3 KYC Web Form and log in with valid credentials.  STEP 2 - Input Your DIN Input your DIN. If the DIN is valid, the corresponding Email ID & Mobile Number (masked) will be displayed on the website.  STEP 3 - Verify OTP Click on the Send OTP buttons available near mobile number & em...
How to find the Struck Off Status of Companies by Name or PAN
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How to find the Struck Off Status of Companies by Name or PAN

Imagine that you are given a task to research the struck off status of companies by name or PAN, what would you do? Obviously you would have a few options. You could go through the internet, conduct a comprehensive search for information about the company status on the websites of various financial regulators. But wouldn't it be simpler if there were some platform available to help smooth the process? Be with us through this article and you will definitely have an easy road out! Table of Contents What is Struck off company MCA notice on struck off company How to find status of company How to find status of company on MCA How to find status of company on InstaFinancials Bulk search of struck off companies  What is Struck off Company? Strike Off or Struck o...
FAQs on DIR-3-KYC
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FAQs on DIR-3-KYC

The DIR-3 KYC filing window for every financial year ending at 31 Mar ends on 30th September of the following financial year. e.g. The last date for filing the DIR-3 KYC form for the FY 21-22 ends on 30 Sep 2022. All directors are requested to file the DIR-3 KYC form before the due date, as failing which the DIN of the respective director will be changed to "Deactivated Due to Non-Filing of DIR-3 KYC" and the Director will also be liable to pay the late filing fee of Rs 5,000, for filing after the due date. So, Please visit the DIR-3-KYC-WEB form to complete your KYC in time and avoid any penalty. But before that read a few frequently asked questions, mentioned in this article and clear your doubts! FAQs On DIR-3 KYC Who is required to file the DIR-3 KYC form? For the Financial...
Companies Risk Scoring Models
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Companies Risk Scoring Models

Last thing an organization wishes for is default by its customer or vendors. The fact is, it cannot be eliminated but can definitely be minimized, if tracked beforehand. To track the future uncertainty - Risk scoring model can be a very useful tool for organizations or any individuals wanting to minimize risk. In this article we will be talking about Risk scoring models, why to use them and most commonly used models. At the end, we will also discuss how you can know the risk score of your customer or vendors to determine the level of reliability. Table of Content What are Risk Scoring Models?Usage & Benefits of Risk Scoring Models?Types of Risk Scoring Models Piotroski's F Score Model Beneish's M-Score ModelAltman's Z Score ModelMontier's C Score Model How to calculat...
Company Due Diligence Checklist
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Company Due Diligence Checklist

Due Diligence of a Company is the process of reviewing the company legal, compliance, and financial aspects of the company. A company due diligence is recommended during purchase or sales or lending or investment or acquisition or merger or other business transactions. The major challenges in the due diligence process are 1. Scope of Due Diligence 2. Sources of Information 3. Aggregation of Information 4. Analysing the information 5. Making informed decisions, and last but most importantly performing all these actions in time. It is important for any business to establish a reliable and robust company due diligence process to make faster and informed business decisions. Download Company Due Diligence Checklist (PDF) Table of Content What is Company Due Diligence?When is ...
Suspension at Stock Exchange Explained
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Suspension at Stock Exchange Explained

The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI's primary functions include protecting investor interests, promoting and regulating the Indian securities markets. The BSE and the National Stock Exchange of India (NSE) regulate with suspension of trading at stock exchange.  Suspension of trading is one of the redlines for any stock exchange. It is basically a temporary shutdown because of non-compliance with the regulations of the exchanges Table of Content What does Suspension of Trading at Stock Exchange Mean?What are the Reasons for Suspension of Trading at Stock Exchange?What is the Difference Between Trading Halt and Trading Suspension?How t...
What is ACTIVE Compliance Status?
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What is ACTIVE Compliance Status?

The Ministry of Corporate Affairs (MCA) had issued rules regarding companies incorporation for validating the registered office addresses of companies registered under the Indian Companies Act. These new rules came into effect on February 21, 2019 which states - every company incorporated on or before the 31st December, 2017 was required to verify its registered office, by filing e-form ACTIVE. The due for filing of e-form ACTIVE or INC-22A, is 31 Jul of every calendar for all the companies incorporated on or before 31 Mar of the respective calendar year. ACTIVE is an acronym of “Active Company Tagging Identities and Verification”. Table of Content What does ACTIVE Compliant Status Means? What does ACTIVE Non-Compliant Company Status Mean ?Example of ACTIVE Compliant Com...
How to Check Company Registration Status?
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How to Check Company Registration Status?

Whenever you research about any company, one term you will often come across will be the “company status”. What does a company status mean? why is there a need to check company status? and how do you check company status? Each company has an operational status to it. The ‘status’ of a company is an indicator of whether the company is still functioning or not. Company status is one of the most important pieces of information to verify before dealing with any company. Company status indicates the present operating condition of a company. Company status of Indian companies gets updated on a regular basis by the ministry of corporate affairs (MCA) based on compliance adherence by the company related to filing of statutory documents. Every Indian company registered with the registrar of ...
New Struck-Off Company Disclosure Requirement in Financial Statements of FY21-22
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New Struck-Off Company Disclosure Requirement in Financial Statements of FY21-22

All Companies are expected to prepare & submit the financial statements in accordance with Schedule III (‘Schedule’) to the Companies Act, 2013 (‘Act’). On March 24, 2021, The Ministry of Corporate Affairs (MCA) has introduced more elaborative disclosure requirements regarding financial statements of companies for financial statements prepared for FY 2021-22. One such requirement is disclosure of transactions with companies struck off by Registrar of Companies (‘RoC’) under section 248 of the Act, or under section 560 of the Companies Act, 1956. The following particulars are to be disclosed in such case: Name of the struck off company: the company shall disclose the name of the company which has been struck off by the respective Registrar of Companies and such information is a...
Difference Between Authorised Capital and Paid-up Capital
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Difference Between Authorised Capital and Paid-up Capital

Every company needs capital to start its business and the capital is raised by issuing shares. A person or entity that subscribes to the shares of the company and pays the respective amount against the shares allotted to them is called the shareholder.  The cumulative amount of money that is raised by a company from its shareholders by way of issuing shares is called Share Capital. A company needs to mention the maximum amount of share capital known as Authorised Capital that it wishes to raise in their MoA (Memorandum of Association) at the time of incorporation of the company. The company should report changes to Authorised Capital & Paid-up Capital to MCA from time to time. Any user can view the Authorised Capital & Paid-up Capital details of any Indian company for f...