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Company Law Series Chapter 2(B) Incorporation of Section 8 Companies

June 6, 2019 1449 Views 0 comment Print

The Steps for incorporating a Section 8 company are as under: (1) The promoter of the proposed entity will apply to the Ministry of Corporate Affairs for reservation of name in Form (2) Once name is reserved, an application will be made for obtaining licence in Form No. INC 12. The application shall be accompanied […]

Company Law Series Chapter 2 (Continue..) Steps For Incorporation Of Foreign Company

May 31, 2019 1413 Views 0 comment Print

COMPANY LAW SERIES CHAPTER 2 (CONTINUE…..) STEPS FOR THE INCORPORATION OF FOREIGN COMPANY As per section 2(42), ‘foreign company’ means any company or body corporate incorporated outside India which— has a place of business in India whether by itself or through an agent, physically or through electronic mode; and conducts any business activity in India […]

Company Law Series Chapter 2: Steps for Incorporation of Public, Private & One Person Company

May 30, 2019 9987 Views 0 comment Print

COMPANY LAW SERIES CHAPTER 2 STEPS FOR INCORPORATION OF PUBLIC, PRIVATE COMPANIES, AND ONE PERSON COMPANY To register a private limited company, a minimum of two adult persons are required to act as Directors of the company. A private limited company must have a minimum of 2 Directors and can have a maximum of 15 […]

Company Law Series Chapter 1- Applicability of Companies Act, 2013 & New Concepts

May 29, 2019 21822 Views 0 comment Print

Applicability of Companies Act, 2013 ♠ According to section 1 of the Companies Act, 2013, the Act extends to whole of India and the provisions of the Companies Act shall apply to the following:- ♠ Companies incorporated under this Act or under any previous company law; ♠ Banking companies, except in so far as the […]

Power to issue debentures | Section 179 | Companies Act, 2013

May 27, 2019 5487 Views 0 comment Print

The power to issue debentures can be exercised on behalf of the Company as a meeting of the Board under the provisions of Section 179 (3) of the Companies Act, 2013. Along with Rule 18 of the Companies (Share Capital and Debentures) Rules, 2014 The power to issue debentures can be exercised on behalf of […]

Restrictions on Powers of Board to Borrow Money with Ultra Virus Borrowings

May 27, 2019 72150 Views 2 comments Print

Restrictions on Powers of Board to Borrow Money as per Section 180 of Companies Act Along with Ultra Virus Borrowings. RESTRICTIONS ON POWERS OF BOARD As per the provisions of section 180 of the companies act provides the rules regarding the restriction on power to borrow by the board of directors. The Board of Directors […]

Nidhi Company Incorporation

May 16, 2019 7176 Views 0 comment Print

A Nidhi to be incorporated under the Act shall be a Public Company and shall have a minimum paid up equity share capital of five lakh rupees. After the commencement of the Act, no Nidhi shall issue preference shares. If preference shares had been issued by a Nidhi before the commencement of this Act, such […]

Due Date of Filling of Returns Under GST

May 10, 2019 22266 Views 1 comment Print

A person is registered or is liable to be registered under the law would be a taxable person in GST. A person would be liable to be registered under the law under two categories: a) Person liable to be registered mandatorily. b) Person liable to be registered provided aggregate turnover of supply of goods or services […]

Different Types of Assessment Under GST

May 9, 2019 87207 Views 0 comment Print

Q.What are the different types of Assessment under GST? Ans: Under GST, the term “assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment. Normally, persons having GST registration file GST returns and pay GST every month based on self-assessment of GST liability. However, the Government […]

Precautions To Be Taken While Filling MSME-1 Form

May 9, 2019 15228 Views 1 comment Print

1. MSME FORM IS REQUIRED TO BE FILLED BY FOLLOWING COMPANIES:- 1. Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019, all companies, who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from […]

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