Adret Consulting

24/11/2021

As per Section 62 of the Companies Act, 2013, the Right Issue of shares is the shares issued by the Company to enable their existing shareholders to enhance their market divulgence.

This is a simple explanation of a Rights Issue and the reason why it's done. Read this: http://adretconsulting.com/blog/right-issue-step-by-step-procedure/

So, the next time a company issues rights, remember this.

A right issue is an offering of rights to the existing shareholders of a company that gives them an opportunity to buy additional shares.

18/11/2021

A company may, for commercial reasons, wish to reduce its share capital. This process of reducing share capital will reduce a company’s shareholder equity.

Follow these steps if your company wants to reduce its share capital: http://adretconsulting.com/blog/an-overview-of-share-capital-reductions-all-you-need-to-know/

The procedure of reduction of share capital · A notice will be given by the National Company Law Tribunal to the Central Government.

15/11/2021

Closing a company is the better option if you are continuously failing with the legal compliances or unable to run it in the future.

To mitigate the big penalties and legal actions, you can strike off your company. Get all details here: http://adretconsulting.com/blog/procedure-for-striking-off-a-company-under-companies-act-2013/

A company strike off is the process when a business is removed from the Companies House register and it ceases to exist.

11/11/2021

Changing your LLP business name requires some understanding regarding its process, government guidelines, and availability.

Read to know more about changing LLP business name in India.
http://adretconsulting.com/blog/procedure-to-change-the-name-clause-of-an-llp/

A LLP name can be easily changed by passing a resolution in accordance with the provisions of The LLP Act, 2008 and LLP Rules, 2009 and filing the same with Registrar.

08/11/2021

Want to change the registered office address of a Company in India? Here is the procedure of this: http://adretconsulting.com/blog/procedure-related-to-shifting-of-registered-office-from-one-state-to-another-under-companies-act-2013/

Adret consulting assists companies in India for Registered Office Address change under the Companies act 2013.

As per the provisions of Section 13 of Companies Act, 2013 A Company can change the place of its registered office from one State to another State after following all those procedures.

04/11/2021

The Festival of Lights is a time of togetherness with our near and dear, filled with laughter and love that can brighten our lives.

Adret consulting wishes one and all a bright, colorful, and green Diwali.

02/11/2021

Light up new dreams, fresh hopes, secret avenues, different perspectives, and everything bright and beautiful this dhanteras, and stay blessed.

29/10/2021

Sometimes changing your company is the best way to go forward.

However, it can be a tedious process. We have made it as simple and easy as possible for you by boiling the process down to 5 steps and by telling you the easiest way to get it done.
http://adretconsulting.com/blog/procedures-and-steps-for-company-name-change/

A company’s name can be changed at any time after its incorporation. It being an entity regulated by law, it has to follow a specific process provided by the Companies Act, 2013.

25/10/2021

A company is an artificial judicial person having a separate legal entity.

Hence, any transaction of a company with a related party must be identified, approved, and disclosed, as per accounting standards in India. In this article, we look at the definition of a related party, as per the Companies Act, 2013.
http://adretconsulting.com/blog/audit-procedures-with-related-party-disclosures/

The audit of related party relationships and transactions by updating existing information, and, where possible, obtain a list of related parties from clients or compile a list based on discussions with clients.

21/10/2021

Procurement is relevant to both risk management and operational performance, but this dedicated checklist aims to increase awareness of good.

Download our procurement checklist to see how you can increase efficiency in your procurement department today.
http://adretconsulting.com/blog/procurement-procedures-checklist/

This checklist includes the steps required in a normal procurement cycle, from identifying and specifying a need to awarding a contract.

18/10/2021

The financial close process is a recurring system in which an accounting team verifies and adjusts account balances at the end of a designated period and before the accounting cycle closes.

It starts with documenting the journal entry for each transaction and ends with preparing data for the next period.
http://adretconsulting.com/blog/financial-statement-closing-process-why-is-it-important/

The financial close process includes reviewing and reducing account balances before the accounting cycle closes. Financial statements are the most important strategic tool for an organization.

15/10/2021

Let only positive and happy thoughts surround you and burn all the negativity with the effigy of Ravana. Have a great Vijayadashami!