Whether a lending transaction would fall under the definition of digital lending

Hello Professionals

Whether a lending transaction would fall under the definition of digital lending only if all the processes in the life cycle of a loan, viz., customer acquisition, credit assessment, loan approval, disbursement, recovery, and associated customer service, are carried out digitally or some of the aforesaid processes can be carried out in physical mode also?

Read more on : lending definition digital under would transaction whether fall

Definition of Employee as per ESI Act

Dear Friends!

Whether casual workers are to be included in the definition of 'Employee' as per Employees' State Insurance Act, 1948 ?

Read more on : employee definition

With the change of Definition of Small Company how to ascertain CARO Applicability

Please confirm the effective date to identify the small company as CARO 2020 applicability totally depend upon the Definition of Small Company. CARO 2016 & 2020

Download File

Download File

Read more on : caro applicability ascertain company definition small change

Small Company Definition

Hello Everyone!

Is there any change in the definition of Small Company ?

If yes, whether it is to be effective for F.Y. 2021-22 as well ?

Read more on : definition company small

Definition of "Bank" for Company Law Purpose.

Please share if any one can help.

Read more on : purpose company bank definition

Definition of "Vanishing Company" under Companies Act, 2013

Dear Members!

Is the term ‘vanishing company’ defined under the Companies Act,
2013 ? What does it include ?

Read more on : companies under company vanishing definition

Definition of Local Limits for Change in Registered Office Within Same State

Hi

Can anyone, please advice how to check whether the change in registered office is within the local limits. We are considering the change within gurgaon only.

Read more on : within same state office registered local limits change definition

Definition of Small Company and Form MGT-7 / 7A

Dear All,

The Turnover of a Company for the Financial Year ended on 31st March 2020 is 25 Crores and the Turnover of the Company as at 31st March 2021 is 17 Crores. Now, when I am trying to file Form MGT-7, I am getting the message to file Form MGT-7A.

In my opinion it is not a Small Company, because as per last P&L A/C (i.e., as at 31st March 2020), the Turnover is 25 Crores.

Now, what should I do ? Proceed with filing Form MGT 7A or raise a ticket to MCA

Read more on : form company small definition

Revised Definition of Small company under Companies Act 2013

Please, someone, clear the definition of a small company and the effective date of Applicability?

Read more on : companies under company definition small revised

Clarification on Definition of Small Company

Dear Members

In case a private company having the paid up share capital of Rs. 4 crore and turnover is nil, but the company is having an associate company. please clarify in this case the company is a small company or not and the applicability of form MGT 7 or MGT 7A.

Because in this case , i tried both the forms and both are prefilled without any error.

Thanks

Read more on : company small definition clarification

Definition of Small Company and Form MGT-7 / 7A

Dear All,

The Turnover of a Company for the Financial Year ended on 31st March 2020 is 25 Crores and the Turnover of the Company as at 31st March 2021 is 17 Crores. Now, when I am trying to file Form MGT-7, I am getting the message to file Form MGT-7A.

In my opinion it is not a Small Company, because as per last P&L A/C (i.e., as at 31st March 2020), the Turnover is 25 Crores.

Now, what should I do ? Proceed with filing Form MGT 7A or raise a ticket to MCA

Read more on : form company small definition

Definition of a company

Why is there no proper definition of a company in the Indian Companies Act?

Read more on : company definition