The shareholders of joint stock companies are too many and are drawn from through the length and breadth of the country, across different spectrum and different geographical locations spread across the globe, why? It may be athwart in different planets whence human beings start set..
Salient Features of One Person Company (OPC) as per companies act 2013
OPC is defined u/s 2(62) of the companies act 2013.
OPC must have 1 director; the sole shareholder can himself be a sole director. The OPC may have a maximum of 15 directors by passing a special resolution.
Minimum and m..
New Amendments and changes done by the Central Government for the better operation of the Companies made it difficult for the small businessman who just wants to do his business and earn some profit without worrying about following various compliances and procedures.
Due to these changes and amen..
PROCESS OF APPOINTMENT OF DIRECTOR
ROC BACK OFFICE Section 167(3)
There is confusion in mind of professionals that if all the directors of company are disqualified. Then “how to appoint new directors in the Company ? And many other questions came into mind like:
Who is having autho..
PROCESS OF ALTERATION IN FINANCIAL YEAR
REGIONAL DIRECTOR Section 2(41)
As per Section 2(41) for change in financial year of Company approval of Tribunal was required:
By ordinance, 2018: Power of Tribunal has been transferred to Central Government. Therefore, after notification of ordinanc..
In this Flash Editorial author begins by referring provisions of closure of LLP in short then further continue with some important FAQ’s in relation to Closure / Strike off of LLP. The main thrust of the article, however, is upon the LLP Notification dated: 16th May, 2017 with reference to LLP..
There is question in mind of professionals/ corporate i.e. As per Rule 3(2) of NFRA
"Every existing body corporate other than a company governed by these
rules, shall inform the Authority within thirty days of the commencement of
these rules, in Form NFRA-1, the partic..
BOARD OF DIRECTORS AND THEIR RESPONSIBILITIES
Purpose of this book is to highlight the general duties of Board of Directors in a Company.
Directors might have noticed about the recent initiatives and actions of the Ministry of Corporate Affairs (MCA), few of which are DIN deactivat..
Creation of charge is one of the essential elements for raising finance/funds from institutes so that the lender is ensured that the right in asset/property is established as well as in case of failure of repayment, funds can be generated from said charged assets. Earlier, under Companies Act, 1956,..
Chosen LLP for running your business? But Don’t know what are the actual benefits of forming LLP In India.
Let’s first understand in detail important things about LLP.
LLP full form is Limited Liability Partnership. LLP is a type of legal entity where some or all partners have limi..