What is the process and declaration required ?
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directors
borrowings
declaration/ payment of dividend; transfer of unpaid/ unclaimed dividend/other amounts
to the IEPF as per section 125
Have you taken the necessary steps to establish the director's account on the MCA (Ministry of Corporate Affairs) website as a Business User? Follow these steps to ensure a smooth process:
Step 1:Start by registering your Director as an authorized representative of the company within the Business User section of the MCA V3 portal.
Step 2:Next, proceed to register the Digital Signature Certificate (DSC) of the authorized representative under the 'associate DSC' category within FO (Front Office) services.
Step 3:To update the email address and mobile number associated with the Director's DIN (Director Identification Number), file Form DIR3KYC.
Step 4:In the Profile Update section, add the user role as "Director" and provide the relevant DIN. This will prompt the system to send OTPs (One-Time Passwords) to the email address and mobile number updated during Step 3.
By diligently following these steps, you can address your concern effectively. We are optimistic that this sequence of actions will lead to a resolution of your issue.
A situation has arisen involving a public limited company's intention to purchase a policy for its directors. The agreement entails that the director will dedicate a minimum of 10 years to the company's service, during which the company will cover the policy premium. This expense will be reflected in the company's profit and loss statement as a legitimate deduction under the Income Tax Act.
Throughout the initial 10-year span, the company retains ownership of the policy. After this period, ownership transfers to the employee-director. Consequently, all policy benefits accrue to the employee.
In this context, my query pertains to the calculation of the director's remuneration. Specifically, should the payment of the policy premium be included as part of the director's overall compensation package?
Regarding the disclosure of outstanding unsecured loans from external parties other than Directors, promoters, and their relatives, for a private company that has held these loans for several years, could you please clarify the appropriate section in DPT-03 where these loans should be disclosed?
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What is the maximum number of directors that can be appointed by the companies under Companies Act, 2013 ?
A company "A" has 15 directors and How many directors should be independent directors as per Companies Act, 2013?
Are there any exchange control regulations or foreign investment restrictions applicable to foreign directors?
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How are the liabilities and protections for foreign directors determined in an Indian company?
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Are there any additional compliance obligations for Indian companies with foreign directors?
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If you are experiencing issues with the generation of a mobile OTP (One-Time Password) for the DIR WEB KYC (Director Web Know Your Customer) process for directors in the USA, here are a few steps you can take:
1. Verify mobile number: Ensure that the mobile number provided for the director is correct and active. Double-check the country code and make sure there are no typos or errors in the phone number.
2. Network coverage: Confirm that the director's mobile device has a stable network connection with sufficient coverage. A weak or unstable network connection can sometimes prevent OTP generation.
3. Check SMS settings: Verify that the director's mobile device is not blocking or filtering SMS messages, especially if there are specific settings or apps that could interfere with receiving OTPs.
4. Resend OTP option: Check if there is an option to resend the OTP on the DIR WEB KYC portal. It is possible that the initial OTP delivery was delayed or unsuccessful.
5. Contact support: If the OTP is still not generating despite trying the above steps, it is advisable to reach out to the support or helpline provided by the DIR or relevant authorities overseeing the KYC process. They can assist you in troubleshooting the issue or provide alternative methods for OTP generation or verification.
Remember to provide all necessary details and documentation requested during the KYC process to ensure a smooth verification process.
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Hi Everyone!
Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
directors
foreign
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limitations
