FORMAT OF ANNUAL RETURN UNDER POSH

Annual Report under POSH must be submitted within 31st January of the following year for the last calendar year completed. As the calendar year 2024 is coming to end in few weeks, every organization must ensure the submission of its Annual report of IC by 31st January 2025 duly signed by the presiding officer containing the required disclosures as mandated by POSH Act, 2013.

 

I hope this article will serve as a guiding factor while preparing the Annual report by the CS professionals. But, as I say , this is only for knowledge purpose. Before preparing the annual report every efforts should be undertaken to go through the POSH Act, 2013 as well Governance and Compliance Standard issued by ICSI.

So lets prepare the annual report _POSH 😄

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Removal of Name of Company

Practical aspects for Closure of Company:-

  1. Check all the Compliance and Annual Filing have been done like filing of Income Tax Return, Closure of Bank Account and GST Registration etc.
  2. Attache Bank Closure Letter along with other closure certificates with STK-2.
  3. Statements of Account must not be older then 30 days from General Meeting.
  4. At MCA V3 Portal it is also asking for SRN of MGT-14 as Mandatory, accordingly filing of MGT-14 is mandatory.
  5. At MCA V3 Portal Statement of Accounts needs to be attached in excel file as mandatory attachment.

 

Plain simple English and the art of drafting legislation and agreements

Influenced by the British legal system, the Indian drafting, of legislation or otherwise, is also a product of its time and generally retains the more formal, complex, and sometimes the archaic tone. The Victorian touch is quite evident in many pieces of the legislation. Archaic phrases and peppered with liberal dose of jargons, sentences can be long and convoluted. However, the Plain English campaigners in the UK were somewhat influential in getting the legal profession or at least the draftsmen, to recognise the importance of clear and concise communication in legal documents, and therefore, the use of plain simple English.

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