The object clause of the Company is the third clause of memorandum of association of any Company stating the objects i.e. the business/purpose for which the Company is incorporated and any other matter considered necessary in furtherance thereof. Any act done by the Company that is beyond the objects and powers as mentioned in the […]
What are Micro, Small and Medium (MSME) Enterprises? In accordance with Micro, Small and Medium Enterprises Development Act, 2006, the manufacture and service enterprise is defined in terms of investment in plant & machinery and services respectively as micro, small and medium enterprise as explained below:
WHAT HAS TO BE FILED IN FORM 20A: Company shall file a declaration by a Director that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of making of such declaration.
The Ministry of Corporate Affairs vide its notification dated 22.01.2019 bought a very important change w.r.t. mandatory furnishing of information regarding outstanding receipt of loan by every Company other than Government Company. This move by the Government has been taken up in consultation with the Reserve Bank of India so that there can be more […]
Trademark is essentially another word for brand or brand name. A trademark can be any name, word, symbol, slogan, or device that serves to both identify and distinguish a business or product from others in the market. Once you have trademarked your business, if someone else makes an attempt to use something similar enough to […]
Section 8 Companies are considered best due to its systematic constitutional framework. The financial statements, directors’ report and other important documents of a Section 8 Company are easily available online on public inspection and are therefore, considered most reliable. In this write up, we shall study about the various aspects of Section 8 Company.
The One Person Company (OPC) is a newly incorporated type of company and was introduced in the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. There can be only one, natural person resident of India who can […]
The name of any Company is basically the identity of the entire brand making it the most monumental asset for its growth. The name of every Company is mentioned in the first clause of memorandum of association i.e. said to be the constitution of a particular Company. Now, sometimes there might be a situation where […]
The Registrar of Companies in the financial year 2017-18 struck off many Companies in accordance with the provisions of the Section 248(1) of the Companies Act, 2013 in its first trench and consequently, launched its second drive to strike off lakhs of Companies again in August, 2018. In this article, we shall study that what […]
In Companies Act, 2013, there are various restrictions on directors and shareholders to accept and give away the money to the Company. Thereby, the Ministry of Corporate Affairs came up with the concept of Nidhi Companies whereby unlike Non Banking Financial Company (NBFCs), these Companies does not require registration certificate by Reserve Bank of India […]
