When companies make a profit they often declare to share a portion of it with shareholders in the form of dividend. Dividend per share as declared by the company will represent how much money a company pays in dividends for each share of issued common stock. This means dividend per share is calculated to find out the payment to shareholders for each share of stock owned. How … [Read more...] about How to Calculate Dividend per Share – DPS
Finance
Interim dividend – Definition and Meaning
Generally, companies distribute a portion of its profit known as dividend among the shareholders in proportion to the amount paid-up on the shares held by them after obtaining approval from the Annual General Meeting (AGM) and finalizing the financial statement. However, it’s not obligatory for a company to wait for the finalization of financial statements and completion of … [Read more...] about Interim dividend – Definition and Meaning
Applicability of Ind AS – Indian Accounting Standards
Ministry of corporate affairs has notified phases for convergence to Ind AS from the current accounting standards to the Indian Accounting Standards (Ind AS). As per the notification, The Companies and their auditors shall comply with the Indian Accounting Standards (Ind AS) in the preparation of their financial statements and audit respectively. Applicability of Ind As … [Read more...] about Applicability of Ind AS – Indian Accounting Standards
Restrictions on One Person Company – OPC
A company is classified as One Person or private or public limited on the basis of their number of members. According to section 2(62) of the Companies Act, 2013, One Person Company (OPC) means a company which has only one person as a member. This means in the case of OPC, the number of members required to register is only 1. One Person Company or OPC is a one shareholder … [Read more...] about Restrictions on One Person Company – OPC
how to change name of a LLP – Step by Step Procedure
You may require changing your Limited Liability Partnership (LLP) name due to various business reasons or on the directions of the Central Government. Central Government may ask you to change your Limited Liability Partnership name, if the name is deemed to be undesirable or identical with or too nearly resembling with the name of an existing LLP. Whatever may be the … [Read more...] about how to change name of a LLP – Step by Step Procedure
How a dormant company can get status as active
Dormant companies do have certain legal compliance and reporting obligations to fulfill for maintaining the company on the official register. Please read our earlier article to know how to get status of Dormant Company and its legal compliance requirements as per companies act 2013. In this article, we will discuss how a dormant company can get back its status as … [Read more...] about How a dormant company can get status as active
Legal Compliance for a dormant company and role of auditor
In our last article we have discussed how a company can get status dormant. In this article we will be discussing legal compliance under Companies Act 2013 that a company has to comply after getting status dormant. After analyzing Companies Act 2013, we found out that a dormant company has to comply following things after the status change; Annual Return Filing To … [Read more...] about Legal Compliance for a dormant company and role of auditor
How to get status of Dormant Company – Companies Act 2013
In certain circumstances, a company can change its status from Active to Dormant. As per Companies act 2013, a dormant company is one that has no significant accounting transactions in the last two financial years or annual returns and financial statements for last two years has not been filed with ROC. These types of companies are considered as inactive. If dormant … [Read more...] about How to get status of Dormant Company – Companies Act 2013
How to register One Person Company in India – OPC registration
One Person Company or OPC is a new type of business entity introduced through the Companies Act 2013 that allows a single person to operate a corporate entity with limited liability protection. One of the biggest advantages of a One Person Company or OPC is that it required to have only one member to register, while a minimum of two members are required for incorporating and … [Read more...] about How to register One Person Company in India – OPC registration
Cash Account Vs Margin Account – Which one is better
Investors must open a brokerage account to start investing in stocks. While opening a brokerage account, your broker will ask you to choose between a cash account and margin account. Whether you are dealing with a full-service or a discount broker, talk to them on this while opening your account. There are important differences between a cash and margin account which investor … [Read more...] about Cash Account Vs Margin Account – Which one is better