private limited company

Procedure to Convert Section 8 Company into a Private Limited Company

Company Law - Article explains Procedure to Convert a company Register under Section 8 of Companies Act, 2013 into a Private Limited Company.  Article contains Steps to Convert Section 8 Company into a Private Limited Company, Step-wise Documents Required for conversion of Section 8 Company into a Private Limited Company, Forms to be filed for Section...

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Appointment of First Auditor in Private Company

Company Law - Appointment of First Auditor in Private Company Section Attracts -139(6) of the companies Act 2013 Time Limit for Appointment– within 30 days from incorporation of the Company Accounts Audit: From the date of Incorporation till the date of end of Financial Year. Hold Office: Till the Conclusion of First Annual General Meeting. Way o...

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Incorporation of Private Limited Company – FAQ’s

Company Law - In this blog, we will discuss about the FAQ’s related to Incorporation of Private Limited Company which are generally asked by new entrepreneurs....

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Loan or Guarantee/Security to Directors by Private Company (Sec. 185)

Company Law - (1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) any director of company, or of a company which is its holding company or any partner or relative of    any […]...

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Private Company Basic Company Law Compliances

Company Law - Every company needs to comply the compliance mentioned by the Ministry of Corporate Affairs from time to time and other compliance as mentioned by Companies Act, 2013 or any other applicable act over the company. As per the Companies Act, 2013, some major compliance are Board Meeting, appointment of statutory auditor, MGT-7, Director’s ...

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Listed public and private sector companie must increase public holding by 25 % by August 2013

Company Law - Capital market regulator, SEBI today said both public and private sector companies will have to increase public shareholding to a minimum of 25 per cent by August 2013 and there will be no relaxation of the guidelines. SEBI Chairman Mr. U K Sinha told this to reporters on the sidelines of Bombay Stock Exchange function in Mumbai today....

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MCA decided to relax the norms for companies to maintain minimum paid-up capital

Company Law - The Ministry of Corporate Affairs (MCA) has decided to relax the norms for companies to maintain minimum paid-up capital. According to the Companies Act 1956, the minimum paid-up capital for a private company is Rs 1 lakh and for a listed company Rs 5 lakh. According to official sources, while a company can be set up with any amount, but ...

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Increase in turnover cannot be the sole criteria for steep increase in remuneration payable to director

Shree Laxmi Marketing Pvt. Ltd. Vs ACIT (ITAT Pune) - 15. In so far as the assessee's contention that as the remuneration paid to the directors were increased in a properly called meeting of the Board of Directors, such payment is to be considered as reasonable and not excessive, we are of the view that this contention of the assessee would be of no mu...

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New Exemptions to Government Companies | Companies Act 2013

Notification No. G.S.R.151(E) - (02/03/2020) - Exemptions to Government Companies under section 462 of the Companies Act 2013 vide notification dated 02.03.2020. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 02 March, 2020 G.S.R. 151(E). – In exercise of the powers conferred by clauses (a) and (b) of sub‑s...

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Recent Posts in "private limited company"

Procedure to Convert Section 8 Company into a Private Limited Company

Article explains Procedure to Convert a company Register under Section 8 of Companies Act, 2013 into a Private Limited Company.  Article contains Steps to Convert Section 8 Company into a Private Limited Company, Step-wise Documents Required for conversion of Section 8 Company into a Private Limited Company, Forms to be filed for Section...

Read More
Posted Under: Company Law |

Appointment of First Auditor in Private Company

Appointment of First Auditor in Private Company Section Attracts -139(6) of the companies Act 2013 Time Limit for Appointment– within 30 days from incorporation of the Company Accounts Audit: From the date of Incorporation till the date of end of Financial Year. Hold Office: Till the Conclusion of First Annual General Meeting. Way o...

Read More
Posted Under: Company Law |

Incorporation of Private Limited Company – FAQ’s

In this blog, we will discuss about the FAQ’s related to Incorporation of Private Limited Company which are generally asked by new entrepreneurs....

Read More
Posted Under: Company Law |

Loan or Guarantee/Security to Directors by Private Company (Sec. 185)

(1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) any director of company, or of a company which is its holding company or any partner or relative of    any […]...

Read More
Posted Under: Company Law |

Private Company Basic Company Law Compliances

Every company needs to comply the compliance mentioned by the Ministry of Corporate Affairs from time to time and other compliance as mentioned by Companies Act, 2013 or any other applicable act over the company. As per the Companies Act, 2013, some major compliance are Board Meeting, appointment of statutory auditor, MGT-7, Director’s ...

Read More
Posted Under: Company Law |

Incorporation of Private Company under Companies Act, 2013

Private Company Section 2(68) of the act states that a private company is means a company which, Restricts the right to transfer shares. Limit the number of members to two hundred, However the maximum number excludes former employees who are also members, and current employees holding shares. Provided that, Joint holders of shares shall ...

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Posted Under: Company Law |

Section 185 of Companies Act, 2013 (Conceptual Analysis) Applicability To Private And Public Companies

CONCEPTUAL ANALYSIS SERIES – I 185. Loan to Directors, etc. (1) No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) any director of company, or of a company which is its holding comp...

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Posted Under: Company Law |

Checklist For Conversion of Public Company Into Private Company

Conversion of Public Company Into Private Company is governed by following Provisions of Companies Act and Rules- 1) Relevant Section and rules for Conversion: a. Section 13: Alteration of Memorandum of Association. b. Section 14: Alteration of Articles of Association. c. Section 18: It provides the manner in which an existing Company can...

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Posted Under: Company Law |

Why to Choose Private Limited Company over a Limited Liability Partnership

Lot of entrepreneurs, wanting to start their new venture, get in touch with me. One common question all of them have is what should be the structure of their business entity. Although they are ready to take risks but at the same time also want a limited liability structure in case things go wrong. So, […]...

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Posted Under: Company Law |

Top 10 Compliance after Incorporation of a Private Company

One of the first step to become an entrepreneur is to incorporate a private company or a LLP. But how should one decide on whether to go with a Private Company or a LLP? For now, let us assume you have incorporated a private company. But does the process ends there? Well No! The process […]...

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Posted Under: Company Law |

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