The Income Tax Department might notify you of an outstanding tax liability through a demand notice on the e-filing portal. This can arise for various reasons, such as a mismatch between your declared income and the department’s records, miscalculations in… The post How to Respond to Income Tax Demand on Income Tax Portal appeared first on Fastlegal ..read more

In this article we will discuss Charitable Trust Registration in Rajasthan, trust is a form of NGO in which you can carry on non-profit activities to help society to grow at a larger scale. Activities to be carried on by… The post How to Register Charitable Trust (NGO) in Rajasthan appeared first on Fastlegal ..read more

To the Members of [Your Company Name], In compliance with Section 134 of the Companies Act, 2013, the Directors are pleased to present the Annual Report along with the Audited Financial Statements for the financial year ended 31st March [Year].… The post Draft Format of Director’s Report for Small Private Limited Company appeared first on Fastlegal ..read more

Board meetings are critical for the governance of a company. They are a platform for discussion and decision-making by the company’s board of directors. To ensure these meetings are conducted and documented effectively, one must adhere to the provisions of… The post How to Conduct and Document Board Meetings Effectively as per Companies Act 2013 and Secretarial Standards appeared first on Fastlegal ..read more

Convertible notes are short-term loans that convert into equity, used during startup seed funding to defer valuation. They involve accrued interest, possible conversion events, and contain terms like valuation cap and discount rate. While offering flexibility and benefits to early investors, improper structure can lead to high costs and ownership dilution. Startups should seek fair terms and legal advice for efficient fundraising. The post Convertible Notes: A Deep Dive into a Popular Startup Funding Instrument appeared first on Fastlegal ..read more

In India, the Companies Act 2013 outlines the legal process for declaring and paying dividends, involving verification of profits, board and shareholder meetings, timely deposits, and payment within prescribed periods. Companies must maintain accurate records, ensure tax compliance, and address shareholder grievances, all while adhering to corporate governance practices and periodically checking for legal updates. The post How to Declare and Pay Dividends in Accordance with Companies Act 2013 appeared first on Fastlegal ..read more

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life. In this tutorial, we’ll explore how to calculate depreciation under the Companies Act and the Income Tax Act. We’ll also discuss the procedure… The post Guide to Depreciation on Fixed Assets and Deferred Tax Calculation appeared first on Fastlegal ..read more

In this Article we will discuss A Step-by-Step Tutorial on Issue of Share Certificate in Private Limited Company, Issuing share certificates in a private limited company is an important procedure as it serves as proof of share ownership for shareholders.… The post Issue of Share Certificate in Private Limited Company: A Step-by-Step Tutorial appeared first on Fastlegal ..read more

In this article we will discuss about How to Change Partners in an LLP, Changing partners in a Limited Liability Partnership (LLP) is a regulated procedure in India, governed by the provisions of the Limited Liability Partnership Act, 2008 and… The post How to Change Partners in an LLP in India: A Step-by-Step Guide appeared first on Fastlegal ..read more

Limited Liability Partnerships (LLPs) offer the benefits of limited liability to their partners and are required to comply with various regulatory filings. One such compliance is the filing of Form 3, which pertains to the LLP Agreement. Here’s your step-by-step… The post Step-by-Step Guide: Filing Form 3 LLP Agreement with ROC appeared first on Fastlegal ..read more