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From the blog
Articles on statutory updates, filings and rules.
Read the blogLaw · MCA
Section 138 and rule 13 require an internal auditor for every listed company, and for unlisted and private companies that cross the capital, turnover, borrowing or deposit tests.
Read this guideLaw · MCA
Section 2(76) lists who is a related party: directors, key managerial personnel, relatives, firms, companies, and holding, subsidiary, associate and investing companies. Rule 3 adds the holding company's officers.
Read this guideLaw · Tax
Section 186 of the Income-tax Act, 2025 bars a cash receipt of ₹2 lakh or more in a day, a transaction, or one event. Section 451 sets a penalty equal to the sum. Older receipts were section 269ST.
Read this guideOfficial sources included.