Companies Act 2013 - Page 30

All About Section 8 Company under Company Law

Features of Section 8 Company: A Section 8 Company is registered as a limited company under section 8 of Companies Act, 2013 and holds the licence from Central Government, having the following features: a. has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection...

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Section 8 Company Comprehensive Analysis

The ministry of Corporate affairs vide Companies (Incorporation) 6th Amendment Rules, 2019 has amended the section 8-company Incorporation procedure and power of respective Registrars of Companies has given to Central Reservation Centre to approve license. Vide this amendment-licensing requirement INC-12 for new companies has been done aw...

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Brief overview of INC –22A

Registered office is an official address, registered on the MCA portal in name of the company via its memorandum and article of association and supporting documents required during its incorporation. For necessary correspondence like receiving notices, posts, bills etc. form the government departments, banks, public etc., the address shou...

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Reporting in Form BEN-2 (Significant Beneficial Owner)

The e-form BEN-2 is the prescribed form released by the ministry of corporate affairs vide notification dated 8th February 2019, wherein every company has to file a return to the ROC for following purposes 1. For declaration of significant beneficial ownership under section 90 2. For change in significant beneficial ownership 3. For decla...

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DPT-3 Applicability & Implications on Private Companies

e-form DPT-3 applicability and implications The Ministry of Corporate Affair vide its notification dated January 22, 2019 had directed Every Company to file the e-Form DPT-3, except the following: Government Company; Non-banking and finance company; and Banking Company Before January 22, 2019, only the company, who accepted the Deposits...

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An Introduction to DIR –3 KYC

DIR –3 KYC, a form has been initially introduced vide Notification dated 5 July 2018 by Ministry of Corporate Affairs and made compulsory filing for the directors. The directors are required to update their basic details like name, address, mobile number, mail id etc with respect to the proofs. The motive behind the introduction of [&he...

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Section 10A Declaration of Commencement of Business

Section 10A of Companies Act, 2013-  Commencement of business etc. (1) A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2019 and having a share capital shall not commence any business or exercise any borrowing powers unless— (a) a declaration is filed by a director within a period of one hundred a...

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Board Report of OPC And Small Company- What you should know

The Companies Act, 2013, requires the Board of Directors of every Company to attach its report to the financial statements to be laid before the members at the annual general meeting. The Board’s Report is an important means of communication by the Board of Directors of a company with its stakeholders. Earlier, the Report of […]...

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Simplified table for General Meetings

General Meetings (Chapter VII: Management and Administration) : Sections of Companies Act, 2013 related to General Meetings Discussed in the Article – Section 96. Annual general meeting Section 100. Calling of extraordinary general meeting Section 103. Quorum for meetings Sr No Particulars 1st AGM 2nd AGM EGMs 1 To be held [1st Prov...

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Advisory on Auditor’s Reporting on Section 197(16) of Companies Act, 2013

Section 197(16) of the Companies Act, 2013 requires as under: 'The auditor of the company shall, in his report under section 143, make a statement as to whether the remuneration paid by the company to its directors is in accordance with the provisions of this section, whether remuneration paid to any director is in excess of the limit lai...

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