🏛️ Board Meeting – Mandatory Legal Requirement for Every Company

Compliance Updates 2026 Live

Board Meetings

Under Companies Act, 2013: The Foundation of Corporate Governance

A Board Meeting is not just a gathering; it is a statutory mandate. It is where the vision of a company meets the rigor of law. Failure to comply is no longer an option in the modern regulatory era.

📅 Frequency Requirements

Public / Private Limited:
Min 4 Meetings per year.
Gap must not exceed 120 days.

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Small Company / OPC:
Min 2 Meetings per year (one in each half calendar year).

👥 Quorum & Notice

Notice: Minimum 7 Days prior notice is mandatory to all directors.

Quorum: Minimum 2 Directors or 1/3rd of total strength (whichever is higher).

🧾 Key Decisions & Compliance

• Financial Statements
• Opening Bank Accounts
• Taking Loans / Investments
• Auditor Appointment
• Minutes Preparation
• ROC Documentation

⚠️ Risk of Non-Compliance

Ignorance of Board Meeting protocols can lead to heavy penalties on both the Company and its Directors, including disqualification in severe cases.

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#CompaniesAct2013 #BoardMeeting #ROCCompliance #CorporateCompliance #CompanyLaw #StartupCompliance

🏢 Company Deposit Rules – What Every Business Owner Must Know

● Compliance Alert 2026

Company Deposit Rules: What Every Director Must Know

Avoid heavy penalties and ensure your business funding is legally compliant.

In the landscape of Indian Corporate Law, how you bring money into your company matters more than how much you bring in. Under the Companies Act, 2013, simple loans can often be misclassified as "Deposits," triggering massive legal headaches.

📌 What exactly is a "Deposit"?

Simply put, a deposit is any money received by a company as a loan or advance. However, the law provides specific exemptions. If your funding doesn't fall into an "Exempt" category, it's a deposit—and deposits come with heavy strings attached.

✅ Safe (Exemptions)

• Loans from Directors (from own funds)
• Loans from Shareholders (Pvt Ltd)
• Loans from Banks/NBFCs
• Inter-corporate loans

⚠️ Risk Area (Deposits)

• Loans from outsiders
• Public funding without circulars
• Unadjusted business advances (>365 days)

🚨 The Price of Non-Compliance

The Ministry of Corporate Affairs (MCA) does not take deposit violations lightly. The consequences are severe:

• For the Company: Minimum fine of ₹1 Crore or twice the deposit amount.
• For Directors: Up to 7 years of imprisonment plus personal fines.

📋 Mandatory Compliance Checklist

Requirement	Action Item
DPT-3 Filing	Annual return of deposits/exempted loans.
Director Declaration	Must confirm funds are not borrowed.
Repayment Reserve	Liquid funds kept for repayment.

Need Expert Structure for your Director Funding?

Don't wait for an MCA notice. Get your DPT-3 filings and loan agreements vetted by professionals.

Gururaaja Sanjay & Co, Chartered Accountants

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🍽️ Big GST Relief for Small Restaurants! Composition Dealers Can Sell via Swiggy & Zomato

🍽️ Big GST Relief for Restaurants!

Composition Dealers Can Now Sell via Swiggy & Zomato

📢 Major GST Update – Effective from 1 Jan 2022

Good news for small restaurants registered under the GST Composition Scheme! You can now legally sell food through Swiggy, Zomato, and other delivery apps without losing your composition benefits.

✅ Key Benefits for Restaurants

• 🚀 Sell via Swiggy & Zomato without exiting Composition Scheme
• 💰 GST paid by E-Commerce Operator, not restaurant
• ❌ No TCS deduction
• 📉 Continue paying only 5% Composition Tax
• 📊 Lower compliance and accounting burden
• 📈 Grow your online revenue legally

⚖️ Legal Position Explained

As per Notification No. 17/2021 – GST:

• 📌 GST on Swiggy/Zomato orders is paid by Swiggy/Zomato
• 📌 Restaurants remain eligible under Composition Scheme
• 📌 No restriction under Section 10(2)(d)

📊 Practical Example

Type of Sale	GST Liability
Dine-in	Restaurant pays 5%
Swiggy / Zomato	Swiggy / Zomato pays GST

📞 Need GST Support for Your Restaurant?

We help restaurants with GST Registration, Composition Scheme, and Compliance

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Car Lease vs Direct Car Purchase: How Employees Can Save ₹6+ Lakhs in Tax (FY 2026-27 Guide

🚗

🏦 FY 2026-27 Tax Planning

Car Lease vs
Direct Purchase
Save Big on Tax

Discover how structuring your car through a Company Lease Policy can legally save you lakhs in income tax every single year.

₹6,19,200

Total savings over 4 years

✨

📋 Understanding the Concept

What is a Car Lease Policy?

A Car Lease Policy allows employees to get a car through their employer as part of their CTC. The employer leases the car, and the rental is deducted from the employee's pre-tax salary.

Instead of paying EMI from post-tax income, you pay lease rentals before tax — the government taxes only a small fixed perquisite value, not the full lease amount. This is perfectly legal and government-notified.

📊 Official Tax Rules

Perquisite Value – FY 2026-27

💡 Tax is calculated ONLY on this fixed perquisite value — not on your actual lease rental. That's the entire magic of this strategy!

Category	Monthly Perquisite Value
🚙 Car up to 1600cc	₹5,000 / month
🚕 Car above 1600cc	₹7,000 / month
🧑‍✈️ Car with Driver	Up to ₹10,000 / month

🔍 Real Numbers Comparison

See the Difference Clearly

₹15L

Car Cost

₹35,000

Monthly Rental/EMI

30%

Tax Slab

>1600cc

Engine Size

❌

Direct Car Purchase

EMI (post-tax)₹35,000

Pre-tax income needed₹50,000

Tax paid / month₹15,000

Annual tax burden₹1,80,000

✅

Car Lease Policy

Lease rental₹35,000

Taxable perquisite₹7,000

Tax paid / month₹2,100

Annual tax burden₹25,200

💰 Your Net Annual Tax Saving

₹1,54,800

Every single year — completely legally

₹25,200

Tax under Lease Policy

₹6,19,200

Total 4-Year Savings

🎯 Additional Benefits

More Reasons to Choose a Lease

💸

Lower Effective Car Cost

Save 25–40% on your car's actual cost if you're in the 30% tax bracket.

⛽

Fuel & Maintenance

Both can be structured tax-efficiently within the corporate lease arrangement.

🔄

Buy at Depreciated Value

Car transfers to you at book value after lease — much lower than market price.

🏦

Better Cash Flow

No large upfront payment. Your pre-tax salary handles the lease seamlessly.

📈

Zero Down Payment

Unlike a car loan, no need to block your savings or investments.

🛡️

100% Legal

Fully compliant with Income Tax Act. Backed by government-notified perquisite rules.

🏆 Final Verdict

A Car Lease Policy can reduce your effective car cost by 25% to 40% if you are in the 30% tax bracket. It is one of the most powerful salary structuring tools available to salaried employees in India — and most people don't even know about it!

📞 Get Expert Help

Want to Structure Your Salary Smartly?

Get CA-guided, professional assistance to design your tax-efficient compensation and start saving today.

WhatsApp Me Now 📲 Call: +91 77602 52581

🧾 CA-Guided Tax Planning

Professional salary structuring & tax efficiency

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📍 Location: View on Google Maps

© 2026 · Tax Upadesh · CA-Guided Tax Planning · For informational purposes only. Consult your CA for personalised advice.

🏛️

MCA Compliance Relief Scheme 2026

Huge Fee Waiver for Defaulting Companies!

The Ministry of Corporate Affairs (MCA) has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026). This is a golden opportunity to regularize pending ROC filings at a fraction of the usual cost.

📅 Scheme Period

15 April 2026 — 15 July 2026

Action is required within this 3-month window to avoid prosecution.

💰 Major Benefits

📝

AOC-4 & MGT-7
Only 10% additional fees

💤

Dormant Status
50% reduced filing fees

❌

Company Strike-off
Only 25% of filing fees

🛡️

Legal Immunity
Safe from prosecution

Feature	Regular Penalty	CCFS-2026 Price
Additional Fees	₹100 / Day	90% Discount

Need Help with ROC Compliance?

Our team of experts will handle your filings quickly and cost-effectively.

📞 Call Us:

+91 77602 52581

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🚨 GST Alert: 6 Major Rule Changes Effective 1 Jan 2026 | Immediate Action Required

🚨 GST Alert: 6 Major Rule Changes

Effective 1st January 2026 | Immediate Action Required

GST compliance has moved into a fully system-controlled regime. Starting January 2026, the portal will automatically block non-compliance. Every taxpayer must act now.

1. Bank Account Mandatory

GSTIN may become inoperative if bank details are not validated on the portal.

2. GSTR-3B Filing Blocked

Returns cannot be filed if ITC is unavailable in the ledger or RCM liability is unpaid.

3. Strict ITC Validation

Estimated ITC claims are no longer allowed. Only eligible ITC can be claimed.

4. Late Fee Mandatory

Return filing is blocked until late fees are paid, even for NIL returns.

5. 3-Year Time Limit

Old returns cannot be filed after 3 years. This results in a permanent loss of compliance opportunity.

6. Annual Eligibility Review

Composition scheme and GST applicability must be reviewed every single year.

⚠️ Business Risk

• GSTIN blockage & ITC loss
• Return filing restrictions
• Tax demands and heavy penalties

✅ Recommended Immediate Action

• Reconcile ITC monthly
• File all pending returns urgently
• Validate bank account on GST portal
• Maintain strict compliance discipline

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💼 Professional Support Available

Avoid penalties and business disruption. Ensure smooth GST compliance with expert guidance.

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