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Procedure for Resignation of Director & Related Compliance (With Sample Drafts)

Procedure for Resignation of Director & Related Compliance (With Sample Drafts) The directors of a company are its eyes, ears, brain and nerves upon whose efficient functioning depend the success of the company. However due to personal or unavoidable reasons, a director may resign from his position. The provision related to Resignatio...

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Posted Under: Company Law |

Post Incorporation Compliances of Private Company

PRIVATE LIMITED COMPANY: The Company shall be a private Company within the meaning of Section 2(68) of the Companies Act, 2013, limited by shares and having a minimum paid – up share capital as may be prescribed and shall: 1. restricts the right to transfer its shares; 2. Except in case of one person Company, limit […]...

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Posted Under: Company Law |

Conversion of Partnership Firm/LLP into a Company

What is Partnership Firm/LLP? A partnership firm is an organization which is formed with two or more persons to run a business with a view to earn profit. Each member of such a group is known as partner and collectively known as partnership firm. These firms are governed by the Indian Partnership Act, 1932. A […]...

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Posted Under: Company Law |

Shifting of Registered Office outside City, Town or Village but within same state-Procedure

Procedure for Shifting of Registered Office Outside The Local Limits of The City, Town or Village Where it is Presently Situated within The Same State under The Jurisdiction of the Same Registrar of Companies. Step 1. Hold a Board Meeting 1. To pass a resolution, for shifting the registered office of the company to another […]...

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Posted Under: Company Law |

Cross Border Merger – Meaning, Types, Procedure & Main Rules & Regulation

Cross Border Mergers Cross border mergers are increasing significantly with the shrinking of the globe. Moreover, India is gradually climbing the ease of business rankings and is becoming a favored business destination. Such a Conducive economic environment has spurred the growth of cross border mergers. MEANING OF CROSS BRODER MERGER &am...

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Posted Under: Company Law |

Procedure for Alteration of Memorandum of Association

For alteration of any of the clauses of memorandum of association, except the capital clause, consent of members by way of special resolution is required. However, in case of alteration of authorised share capital, consent of members by way of ordinary resolution as stated in section 61 is required. Procedure for Change of  Memorandum of...

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Posted Under: Company Law |

Strike off of Companies – Intricate View

Contents of the Article: 1. Grounds for Removal of Company’s Name from register of companies 2. Procedure for Strike off by the Registrar. 3. Procedure for Strike off by the Company. 4. Companies whose name cannot be removed. 5. Restrictions from making application for removal of name. 6. Judgments on meaning of carrying on any [&hellip...

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Posted Under: Company Law |

Deposits Provisions under the Companies Act, 2013

Article explains Provisions related to Acceptance of Deposit and Prohibition on Acceptance of Deposits from Public under Section 73, 76 and 76A of Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014. Article further explains about Acceptance of Deposit from Public by Certain Companies (Eligible Company), Acceptanc...

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Posted Under: Company Law |

Checklist for change in directorship-Resignation & Appointment of Director-NRI

A. Resignation of Foreign Director in Private Limited Company 1. Resignee director to do the following: Step 1: The Director intending to resign shall send notice in writing to the Company. They are to intimate the Registrar, about their resignation, by way of filing form DIR-11. However, MCA vide its notification dated 07.05.2018, have...

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Posted Under: Company Law |

Commencement of Business (INC-20A) and CFSS-2020

Commencement of Business (INC-20A) and Companies Fresh Start Scheme, 2020 (‘CFSS-2020’) The concept of Certificate of ‘Commencement of Business’(COB) were earlier provided under Section 149 of the Companies Act, 1956 (Erstwhile Act). The provisions were only applicable to newly incorporated public companies having share capital. I...

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Posted Under: Company Law |