CS Inquest

21/12/2025

Are you going to be appointed as a Director of any Company?? Do you have all the pre - checks done?

Hey...I am talking about two basic major prerequisite that should have before you get appointed in any Indian Company!!

And if you are a Foreign National...Please ensure you send apostille documents to India!

Happy understanding:)

https://youtu.be/M6SDAsvRgDE

09/10/2025

RBI to ease norms for Real Estate Companies to bring in foreign loan in form of ECBs! Earlier foreign funds could come in for real estate projects only through foreign equity!

Entire story on the link below-

https://youtu.be/JiApSrvqPOc

07/10/2025

Major Part of Indian Corporate Restructing includes fast track mergers. The Ministry of Corporate Affairs (MCA) has significantly expanded the scope of fast-track mergers under Section 233 of the Companies Act, 2013, by issuing the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025. The changes, which became effective on September 4, 2025, extend the fast-track route to several new categories of companies

https://youtu.be/XClgxcOcc_U

12/02/2024

India's first legislation addressing workplace sexual harassment, the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH Act"), was enacted in 2013. The Act empowered an aggrieved woman to file a complaint with an internal committee within three months of an incident.

However, after analyzing various scenarios and reluctance to report such incidents, the Rajya Sabha introduced The Sexual Harassment of Women at Workplace (Prevention, Prohibition And Redressal) Amendment Bill, 2024 on Feb 02, 2024.

The proposed amendment extends the time limit for making complaint to Internal Committee / Local Committee from three months to one year. It also omits the provision for settling matters through conciliation. These changes aim to ensure the safety of women in the mainstream workforce of India, which is rapidly growing and diversifying.

05/12/2023

Some fact check on - Whether Consolidated Financial Statements are required if Indian Company has wholly owned foreign subsidiary under Companies Act, 2013 (‘the Act’)?

Section 129(3) of the Act states that where a company has one or more subsidiaries, it is required to prepare a consolidated financial statement of the company and of all the subsidiaries
(‘The word subsidiaries includes Body Corporate and the word ‘Body Corporate includes Company incorporated outside India’)

Now, there is an exemption from filing CFS in ‘Second proviso of Rule 6 of Companies (Accounts) Rules,2014 which states that
(i) If members do not object to the company not presenting consolidated financial statements
(ii) & (iii) If the holding Company to an Indian Company, which has its foreign subsidiary files CFS, that Indian Company is not required to prepare CFS.

Also, MCA vide notification dated 16th January, 2015 provided that a company having subsidiary or subsidiaries incorporated outside India are not required to consolidate their financials for the financial year commencing on or after 1st April, 2014.
The intention of MCA for its notification dated 16/01/2015, is to provide temporary relief or to give exemption for all upcoming years is not clear. Nevertheless, since Act prevails over the Rules and no clear exemption in the Act read with Rules is given for F/Y on and after 2014-15. Hence, Indian Companies are under an obligation to prepare consolidated financial statements in case of wholly owned foreign subsidiary also, unless exempted under Second proviso of Rule 6 of Companies (Accounts) Rules,2014

29/11/2023

Should I clear my CS Exams first or apply for my training?

Confused??...

While getting the membership should be the first priority for anyone stuck with this question. Gaining the knowlege / skill is important but not at the cost of not getting the membership!

It is highly recommended to please complete and clear your exams before trying to get the Training. Infact, most of the good companies, prefer candidates who have cleared their final exams.

Even after, 7 years of membership, I still read the laws and learn skills and for those who have cleared their exams and wish to understand corporate laws in more better ways, there are various books which you can go through. I have shared the link where you can easily find a book of your interest subject in Law & understand more & better.

Happy Reading:)

Here's a list of Best law books to read & understand

Online shopping for Books from a great selection of Business Law, Constitutional Law, Criminal Law, Legal Reference, Tax Law, Bar Exams & more at everyday low prices.

11/11/2023

11/11/2023

Had an amazing interaction with CSE Batch 2022 on 'philosophy of companies act,2013' The most Rational one! Grateful for the invite🙏

01/11/2023

has given green light for certain public companies to list shares abroad!!

29/10/2023

Financial Action Task Force - The global money laundering watchdog is developing updated risk-based guidance on Beneficial Ownership and Transparency
https://www.linkedin.com/pulse/financial-action-task-force-global-money-laundering-watchdog-aneja-3ldyf?utm_source=share&utm_medium=member_android&utm_campaign=share_via

11/10/2023

Quick fix

08/10/2023

India's overall exports (Merchandise and Services combined) in July 2023 is estimated to be USD 59.43 Billion.
Talking about Export compliances for Indian exporters on a promotional program of Ministry of MSME.