Company Law

ANNUAL KYC OF ALL THE DIRECTORS OF ALL COMPANIES

NEW LAW UPDATE ATTENTION ALL DIRECTORS ANNUAL KYC OF ALL THE DIRECTORS OF ALL COMPANIES In order to update its registry, Ministry of Corporate Affairs would be conducting KYC of all Directors of all companies annually through a new e-form viz. DIR-3 KYC. Accordingly, every Director who has been allotted DIN up to 31stMarch 2018 and whose DIN is in ‘Approved’ status, must mandatorily…

PLACE OF EFFECTIVE MANAGEMENT

“Place of effective management” has been defined to mean a place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance made. Finance Act, 2015 (FA 2015) has brought about a paradigm shift by introducing the ‘Place of Effective Management’ (POEM) rule to determine residency of…