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Procedure of change of name of the company

This article is all about the complete procedure of change of name of company in just five easy steps- For ex: – From ABC Private Limited to XYZ Private Limited ♣ Applicable sections and rule number(s) – Section 13 (2) of the Companies Act, 2013 and rule 29 (1) & (2) of the Companies (Incorporation) […]...

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Posted Under: Company Law |

LLP incorporation – in just five easy steps…!!!

Limited Liability Partnership (LLP) Incorporation – In Just Five Easy Steps In pursuance to the LLP (Second Amendment) Rules, 2018, Incorporation of LLP has become much easier than earlier. Filing of multiple forms for incorporation of LLP has been done away with. Limited Liability Partnership (Second Amendment) Rules 2018 containing th...

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Posted Under: Company Law |

Abridged Form of Directors Report for OPC and Small Companies

Abridged Form of Directors Report For OPC And Small Companies Along-with Draft Notice of Annual General Meeting) {As per Provisions of Companies Act, 2013}...

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Posted Under: Company Law |

IND AS Applicability under Companies (Indian Accounting Standard) Rules, 2015

The Ind AS shall be applicable to the companies as follows: As notified by MCA as on 16/02/15 in Companies (Indian Accounting Standards) Rules, 2015. Obligation to comply with Indian Accounting Standards (Ind AS). - (1) The Companies and their auditors shall comply with the Indian Accounting Standards (Ind AS) specified in Annexure to the...

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Posted Under: Company Law |

Section 164 : Disqualifications under Companies Act 2013 for Appointment of Directors

Under Section 164(1) of Companies Act, 2013 A person cannot be appointed as director in any of the following cases (a) he is of unsound mind and stands so declared by a competent court (b) he is an undischarged insolvent; (c) he has applied to be adjudicated as an insolvent and his application is pending...

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Posted Under: Company Law |

Companies (Amendment) Ordinance, 2018- 10 Things to know

The Companies (Amendment) Ordinance, 2018 was promulgated on November 2, 2018. It amends several provisions in the Companies Act, 2013 relating to penalties, among others. Companies (Amendment) Ordinance, 2018Page ContentsCompanies (Amendment) Ordinance, 20181. The issue of shares at a discount2. Commencement of business3. Registration of...

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Posted Under: Company Law |

Difference Between Fine & Penalty Companies Act, 2013 & Company Ordinance, 2018

There is always confusion between ‘Fine and Penalties’.  Through, this editorial author made an attempt to elaborate the difference and basic meaning of between ‘Fine & Penalties’. Let’s first see the meaning as per dictionary: Fine Penalty As per Oxford Dictionary: Fine is “a sum of money exacted as a pen...

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Posted Under: Company Law |

New Norms- Charge Creation/ Modification under Companies Act, 2013 & Company (Amendment) Ordinance, 2018

Creation/ modification of charge are one of crucial activity for Loan from Bank/ financial institutions etc.  When Companies Act, 2013 introduced at that time Charge satisfaction form required to be submitted with ROC within 30 days of satisfaction otherwise Company have to file application of compounding with Regional Director. However,...

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Posted Under: Company Law |

Conversion of Public Limited Company into Private Limited Company

Keeping in view the relaxations provided to a Private Company, many public companies have converted into Private Companies or in the process of such conversion. Through this brief write up an attempt has been made to unlock the technicalities related to Conversion of Public Company into Private Company prescribed under Companies Act, 2013...

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Posted Under: Company Law |

Certificate of commencement of Business under Companies Act, 2013

Ministry of Corporate affairs has finally get back a very well fine concept which was also available in the erstwhile Companies Act, 1956 i.e. Certificate of Commencement of Business. Origin The President of our Country i.e. Sh. Ram Nath Kovind Ji on 2nd Day of November, 2018 passed an Ordinance called as, The Companies (Amendment) [&hell...

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Posted Under: Company Law |