Mca

Certificate of Business Commencement FORM INC-20A

Certificate of Business Commencement FORM INC-20A

In Companies (Incorporation) Fourth amendment 2018 MCA has re-mandated that every company registered after 02-11-2018 has to file a declaration in the Form-20A along with bank statement showing deposit of paid-up capital by the shareholders within 180 days from the date of incorporation certificate received. Declaration: The declaration shall contain the details…

WHAT ARE THE DOCUMENTS REQUIRED FOR CHANGE IN CONTRIBUTION OF LLP?

WHAT ARE THE DOCUMENTS REQUIRED FOR CHANGE IN CONTRIBUTION OF LLP?

WHAT ARE THE DOCUMENTS REQUIRED FOR CHANGE IN CONTRIBUTION OF LLP? What is LLP? LLP known as Limited Liability Partnership is a new form of business entity. It is a form of partnership in which all partners have limited liability. Therefore, LLP combines the advantage of a corporate structure as…

All you need to know about Trust and Society

All you need to know about Trust and Society

Trust: A trust is a legal entity, created by one party, with the right to hold the other party. Property of the first party for the benefit of the third party. Here, the first party refers to the author of the trust or trustor; The other party is known as…

Name change of private limited company

Name change of private limited company

Name change of private limited company As per Section 13 of the Companies Act 2013, a private limited company may change its name any time with the approval of shareholders and the Central Government, due to change in its business activities or changes in management or any other reasons. It’s…

What is Public Company and its Registration?

What is Public Company and its Registration?

What is Public Company and its Registration? What is a public company? A public company is an organisation whose ownership is issued to the general public via Initial Public Offerings [IPO] or through free trade of shares of stock of exchange. By the virtue of section 2(71) a public company…

Quorum for a board meeting

Quorum for a board meeting

Quorum for Board meeting (Section 174 of Companies Act,2013) 1. The requirement for quorum section 174 (1) The quorum required for the Board meeting shall be higher of - a. 1/3 of total strength b. 2 directors Note:  As per Notification no. G.S.R 466E, A company who is licensed to…

CONVERSION OF PRIVATE LIMITED COMPANY TO PUBLIC LIMITED COMPANY

CONVERSION OF PRIVATE LIMITED COMPANY TO PUBLIC LIMITED COMPANY

CONVERSION OF PRIVATE LIMITED COMPANY TO PUBLIC LIMITED COMPANY   PRIVATE COMPANY: A Private Limited company is a company which is restricted with certain number of shares, personally held by them. It is an organization which limits it members to 200 and do not invites public to subscribe its shares.…

Difference between OPC registration and Private Limited

Difference between OPC registration and Private Limited

We have heard many times from our client that what type of entity is better between OPC and Private Limited. This is the most common questions which is almost asked by the small entrepreneur starting a new startup. Though both entities are good, But before initiating registration you must need…

Who can be a director of a company?

Who can be a director of a company?

What is a director? As per Companies Act, 2013 defines the term “Director” means a director appointed to the Board of a company. The Board of Directors means a group of those individuals person who is selected by the shareholders of a company in order to manage the business/ affairs…

FCRA registration/prior permission and Liabilities to intimate for foreign Contribution

FCRA registration/prior permission and Liabilities to intimate for foreign Contribution

Every NGO/Individual holding FCRA has to comply with limited compliance governed by Ministry of Home Affairs. In 2017, The Ministry of Home Affairs had cancelled licenses of around 4800 Non-Profit Organizations for the reason have not been complied with annual returns between 2011 to 2015 accordance with FCRA Act 2010. Followings…

What is Foreign Direct Investment?

What is Foreign Direct Investment?

What is Foreign Direct Investment? Foreign direct investment is a form of investment in which the firm or individual in one country invests for their business interest in another country. It takes place when an investor set up a foreign operation or acquires foreign assets including control and ownership in…

HOW TO SETUP A COMPANY WITH FOREIGN DIRECTOR?

HOW TO SETUP A COMPANY WITH FOREIGN DIRECTOR?

HOW TO SETUP A COMPANY WITH FOREIGN DIRECTOR? According to the Companies Act, 2013, a company is an organization incorporated under Company Law, 2013 or any other previous company law. It is an artificial entity formed by a single or group of people to work efficiently and effectively. In the…

Striking off LLP

Striking off LLP

What is LLP? As per Section 3 of the Limited Liability Partnership Act (LLP Act), 2008, an LLP is a body corporate formed and incorporated under the Act and a legal entity separate from its partners. It will have perpetual succession. The rights and duties of the partners are covered…

What are the documents Required to Incorporate a Private Limited Company?

What are the documents Required to Incorporate a Private Limited Company?

What are the documents Required to Incorporate a Private Limited Company? To register a Private Ltd company, minimum two persons are required to act as Directors and may have a maximum of 15 directors and one must be an Indian Citizen and Indian Resident. Two persons are also required to…

What is Nidhi Company and how to Incorporate Nidhi Company

What is Nidhi Company and how to Incorporate Nidhi Company

What is Nidhi Company and how to Incorporate Nidhi Company What is Nidhi Company and what are the main objects of the Nidhi Company Nidhi Company is defined in section 406 of the Companies Act, 2013. Nidhi Company means a company that is incorporated with the object of developing the…

Operation of  non banking Financial Corporation in india

Operation of non banking Financial Corporation in india

                                                        How to open Non-banking financial corporations in India Before understanding the procedure of opening of NBFC (Non-banking financial corporations) we should first…

Company closure under Fast Track Exit

Company closure under Fast Track Exit

Company closure under Fast Track Exit Fast Track Exit mode? Fast Track Exit mode is introduced by the MCA for giving an opportunity to non-operating companies for removing their names from the records of the Ministry of Corporate Affairs. Fast Track Exit mode is the easiest mode of closing non-operating…

Independent Director

Independent Director

Independent Director An Independent Director means director other than a managing director or a Whole time director or a nominee director appointed u/s 161(3) of the Companies Act. Applicability of Section (Section 149 (4) and rule 4 of companies (Appointment and qualification of director) rule 2014) Every listed public entities…

Setting up branch office  in India

Setting up branch office in India

Setting up Branch office in INDIA Likewise Indian organisation, foreign entities are also allowed to set up their branch office or liaison office in India subject to the terms and conditions specified by the concerned department.  To enter into the Indian markets or to expand the business in India, foreign…

To whom DIN KYC is mandatory

To whom DIN KYC is mandatory

To whom DIN KYC is mandatory Every individual person who having Director Identification Number (DIN) as on 31st March of a financial year, shall need to submit e-form DIR-3-KYC for the said financial year to the MCA department on or before 30th, September of immediate next financial year. Is it require every year to…

Buy Back Of Shares

Buy Back Of Shares

BUY BACK OF SHARES: In the layman language, when a company repurchases its own share from the open market to reduce the number of shares available on the open market, it is termed as Buy Back of Shares. A company is eligible to buy back its shares from the open…

Who can be appointed as Partner in the LLP?

Who can be appointed as Partner in the LLP?

Before moving further that who can be partner and designated partner in the LLP,  we should have some basic knowledge about LLP that what is LLP and how can it be formed, its liability, partners, and designated partners etc. What is LLP? Limited Liability partnership is abbreviated as LLP, which…

Who can be appointed as Designated Partner in the LLP?

Who can be appointed as Designated Partner in the LLP?

Who can be appointed as Designated Partner in the LLP? Designated Partner in LLP Designated Partners is a concept introduced by the Limited Liability Partnership Act, 2008. Designated Partners are same as the Directors of a Private Limited Company. A Designated Partner in a LLP enjoy more rights and privileges…

what is Restriction on Incorporation of an OPC?

what is Restriction on Incorporation of an OPC?

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What are the rules for picking up name for a private limited company?

What are the rules for picking up name for a private limited company?

SELECTION OF NAME OF THE COMPANY Following are some of the Rules for picking up name for a private limited company Every company need to pick its name which can be easily identified by any individual and can not be resembled with any other rgistered company or trademark. It is…

Can a Non Resident become a Share Holder / Director of a Company

Can a Non Resident become a Share Holder / Director of a Company

Can a Non Resident become a Share Holder / Director of a Company? The Companies Act does not bar a foreign national to be appointed as a Director of the Company or to become a shareholder in the company. He can be the director or shareholder of the company by…

How long does it take to Incorporate a Company

How long does it take to Incorporate a Company

How long does it take to Incorporate a Company With the recent changes in MCA, several new forms are introduced by Ministry to speed up the process of incorporation of Company. Earlier it was a lengthy process to incorporate a company as the name of the company to be approved…

How Many People are Required to Start a Private Limited Company

How Many People are Required to Start a Private Limited Company

Before knowing about the number of people required to start a private limited company, let us know first the Private company. What is Private Limited Company? A private limited company is a type of entity which can be formed to hold a small business and can be expand at the…

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