Consolidated Financial Statements

Consolidated Financial Statements

Earlier, the Securities and Exchange Board of India (SEBI) required the listed entities to prepare Consolidated Financial Statements along with the separate financial statements of the Holding Company. Now, also the Companies Act, 2013 mandates the preparation of Consolidated Financial Statements (CFS) by all the Companies, including unlisted companies, having one or more Subsidiaries, associate companies or joint ventures. What is Consolidated Financial Statements (CFS)? Consolidation Financial Statements (CFS) is the combination of the financial […]

Annual General Meeting

Annual General Meeting requirement in case of Listed entities

Section 96 of the Companies Act, 2013 requires every Company other One Person Company (OPC) to conduct once a year a meeting, in addition to any other meeting, for its members, called as Annual General Meeting. Annual General Meeting requirement in case of Listed entities is lengthier than unlisted companies. If the Company is listed, it needs to comply further with the provisions of Securities and Exchange Board of India (SEBI), various other Regulations also […]

Power of Tribunal to call Annual General Meeting (AGM)

Section 96 of the Companies Act, 2013 requires every Company other One Person Company (OPC) to conduct once a year a meeting, in addition to any other meeting, for its members, called as Annual General Meeting. Section 97 of the Companies Act, 2013 states the Power of Tribunal to call Annual General Meeting (AGM) in case of default in convening annual general meeting In case the company makes default in holding the Annual General Meeting, any […]

Annual General Meeting

Annual General Meeting under Companies Act 2013 – PART 1

Section 96 of the Act deals with the provisions of the Annual General Meeting (AGM) under Companies Act, 2013. What is Annual General Meeting? Section 96 states that every Company registered in India other One Person Company (OPC) is required to hold a general meeting in addition to any other meeting, in each financial year for its members, called the Annual General Meeting (AGM). Purpose of AGM The purpose of an Annual General Meeting is to […]