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Appointment of Director as per the Companies Act

A director is an individual who has the responsibility of directing, managing, and controlling the affairs of the company. The objective of the appointment of the director is to determine and implement the policies, once the Company Registration is complete. They need to manage the business and other affairs, by the provisions of The Company [...]

2020-10-07T12:16:41+00:00Company Articles|

Registrar of Companies | Address and Contact details

The Ministry of Corporate Affairs (MCA) deals with the administration of companies in India. The Registrar of Companies (ROC), comes under the MCA. The ROC, of a State/Union Territories, has the primary duty of registering companies and Limited Liability Partnership (LLP) floated in their respective States/UT, as per Section 609 of the Companies Act, 1956. The purpose was [...]

What is Paid-up capital and how does it work

Introduction A company that needs to issue shares should keep in mind the authorized capital. Now, according to this authorized capital, it needs to issue shares that should always be less than or equal to the authorized share capital. This is called Paid-up capital. The pumped in money by the investors to run the business [...]

2020-10-07T10:51:30+00:00Company Articles|

NCLT process for reducing Share Capital

Section 66 of the Companies Act, 2013 allows a company to reduce its Authorized Share Capital. The Central Govt for this purpose constituted the National Company Law Tribunal (NCLT). It was notified of Procedure for Reduction of Share Capital of Company Rules, w.e.f. December 2016. Conditions Applicable: The reduction is Considered for internal Re-structuring of the company. So the consent in the [...]

2020-10-07T10:47:10+00:00Company Articles|

NBFC Compliance: what are the requirements as per RBI Act?

According to an RBI report, in 2017, Non-Banking Financial Company, are performing better than the banks are saddled by bad loans and poor profitability. The realization comes as NBFCs has been the largest net borrowers of funds from the financial system, in a few financial years. There are growth opportunities for NBFCs because they are involved [...]


Nidhi company vs NBFC vs. MF: what is the best business structure for you to start?

Nidhi Company Explained To choose the best business structure before you open a Finance Company, Nidhi company vs NBFC, MF, etc, let us first understand what is Nidhi Company, that exists only in the Indian community. The term Nidhi means ‘treasure’. And in the Indian Finance sector, it has come to represent a mutually beneficial [...]

2020-10-07T10:49:36+00:00Nidhi Company|

NBFC Evaluation: What aspects to check before buying one?

Before getting into the main components of NBFC evaluation, here is brief information about NBFC. Registered under the Companies Act, 1956, NBFC Registration is provided to the companies engaged in the business of: loans and advances, investments in stock/equity/shares/bonds/debentures and other Govt securities, hire-purchase, chit fund, lease, insurance business, but cannot include in: agricultural activity, industrial [...]


Company Registration: How to choose the right business structure?

Deciding to start a Business means making countless sacrifices and facing all kinds of challenges, big or small. There are too many things that need to be done and looked after. It becomes overwhelming if the full manpower hasn't been hired. Which is, generally, the case with every business, as they tend to start with [...]

Pvt Ltd company registration : Suitable for startups

For startups and small businesses, private limited company registration is advised. A Private Limited Company registration is the best form of company for a startup, especially one which is growth-oriented. The reasons for this are many like, Usually, startups have more than one founder so it is difficult to be a One Person Company. [...]