Company Law : This clarifies the eligibility for direct conversion into an LLP. The takeaway is that compliance with the LLP Act and Rules enabl...
Corporate Law : Explains the key differences between proprietorships, partnerships, LLPs, and private companies, highlighting liability, complianc...
Company Law : Understand key differences between LLPs and Private Companies in India to choose the structure that fits your business goals, fund...
Finance : Compare LLP and Pvt Ltd in terms of taxation, compliance, auditing, and ownership. Understand key differences to choose the right ...
Company Law : Learn about the process & provisions for incorporating a subsidiary company in India, including necessary documents, regulations, ...
SEBI : Capital market regulator, SEBI today said both public and private sector companies will have to increase public shareholding to a ...
Company Law : The Ministry of Corporate Affairs (MCA) has decided to relax the norms for companies to maintain minimum paid-up capital. Accordin...
Company Law : Himachal Pradesh High Court held that stamp duty/ registration fee not leviable on conversion of public limited company to private...
Income Tax : 15. In so far as the assessee's contention that as the remuneration paid to the directors were increased in a properly called meet...
Company Law : Exemptions to Government Companies under section 462 of the Companies Act 2013 vide notification dated 02.03.2020. GOVERNMENT OF I...
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.
Distinction Between A Public Company And a Private Company – Following are the main points of difference between a Public Company and a Private Company :- 1. Minimum Paid-up Capital : A company to be Incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000, whereas a Public Company must have a minimum paid-up capital of Rs. 5,00,000.
Guiding instructions for availability of names:-The procedure for scrutinizing the availability of names of new companies has recently been re-examined carefully in this Department, having taken into account the difficulties experienced by some Registrars in the following the instruction given to them vide Department’s Letter No 10/(19)-RS/61, dated 15-03-1962.
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 within a time-frame of two years it should raise the capital to Rs 1 lakh and Rs 5 lakh for unlisted and listed companies, respectively.
Explore the complexities of corporate filing in India, revealing potential pitfalls and complications. Learn how internal filing mechanisms and misuse of authority can lead to legal disputes, hindering a companys progress. Legal expert V. Durga Rao provides insights and advice for effective corporate governance.
We all know about the requirements of forming a Company in India. Incorporation of a Company, as a secretarial practice, may not be a complicated exercise. It is not difficult to get the Director Identification Numbers (DIN) for the proposed directors in the Company to be incorporated, it is not difficult to get Digital Signatures, it is not difficult to find the availability of name with the Registrar of Companies by filing e-form and it may not be difficult to comply with all the requirements and submitting an application to the Registrar of Companies
Certificate of Commencement of Business: Procedural Analysis The date of incorporation of a company may not be the date of commencement of business. A private company and a public limited company not having share capital are not required to comply with any other formalities and may commence its business activities immediately after obtaining the certificate of incorporation from the […]
A company incorporated outside India is entitled to become partner in LLP. The LLP Act also provides that a Foreign Limited Liability Partnership can also establish a place of business in India.A careful study of the LLP Act will reveal that an LLP enjoys the beneficial features of incorporated bodies without having the disadvantages of normal partnerships. It is easy and inexpensive to incorporate.
The minimum authorised capital for Private Limited Company – Rs.1,00,000/-, For Public Limited Company -Rs.5,00,000/- For the use of some key words as part of name, the minimum authorised capital is given below: 1. Corporation : 5 Crores
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 much assistance to the assessee as discussed hereafter. There is no dispute in the fact that the Board of Directors
