Comparison of Book Profit and Income Tax There is a major point of difference between book profi of a particular company and the income tax profit of a company.
As per the Companies Act, 2013, any Private Limited Company or a limited company has the rights to issue preference shares if authorised by the articles of association of the enterprise.
As per the Companies Act, 2013, and the mandatory regulations of Reserve Bank of India, there are some limitations in the acceptance of deposits in a Private Limited Company.
It affects the trademark of the registered company and to overcome this problem, the person whom the trademark belongs needs to purchase it at an inflated price from the cybersquatter.
The old Companies Rules 2014 wanted all the companies to prepare and file an annual return which contains information that pertains to the company at the end of every financial year.