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 director is to determine and implement the policies, once the Company Registration is complete. They need to manage the business and other affairs, in accordance with the provisions of The Company [...]

2019-04-29T09:25:04+00:00Company Articles|

Strike off of a company under companies act 2013

Overview Strike off Company under companies act 2013 means canceling the name of the company from the ROC register. The MCA (Ministry of Corporate Affairs) has revised the procedure to have the name struck off. These provisions related to strike off of companies gives an opportunity to the companies to get their names struck off [...]

2019-04-24T08:26:08+00:00Company Articles|

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 which 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 [...]

2019-04-08T11:57:34+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 [...]

2019-03-25T12:28:22+00:00Company Articles|

Top Indian Cities to Pitch Startup Registrations

Since the last two decades, the startup culture is advancing popularity across the world. India, the world's seventh largest economy in terms of GDP and the third largest in terms of purchasing power parity (PPP), is also claiming a rank in the emerging startup world. After 2005 there is a sudden surge in startup registrations [...]

2018-11-05T12:11:25+00:00Company Articles|

The Companies (Registration of Charges) Amendment Rules, 2018

Registration of Charge Once Registration of charges is made, it turns into the obligation of the organization to enlist those accuses to the Registrar of Companies. Alongside the archives that make a charge over the organization. According to the Companies Act, 2013, mentioned below are accompanying charges made on an organization must be enlisted with [...]

2018-11-05T12:40:15+00:00Company Articles|

The Companies (Registration Offices and Fees) Third Amendment Rules, 2018

Companies (Registration Offices and Fees) Third Amendment Rules, 2018 The Ministry of Corporate Affairs has vide notification dated June 12, 2018, has notified Companies (Registration Offices and Fees) Third Amendment Rules, 2018 by which format of Form DIR-3 and Form DIR-6 has been updated G.S.R. 558(E). Therefore, In exercise of the forces presented by  149 [...]

2018-11-05T12:52:03+00:00Company Articles|

Appointment of foreign national as director of Indian company

Foreign National as director of Indian Company under Companies Act, 2013 Under the Indian Companies Act, 2013, six kinds of Directors are designated in a private limited company. This designated director of a company can be Women Director, Independent Director, Foreign National director, Small Shareholders Director, Additional Director, Alternative and Nominee Director. Therefore, the Act does not [...]

2018-11-05T12:52:31+00:00Company Articles|

Difference between Authorized Capital and Paid Up Share Capital

Before discussing the difference between Authorized Capital and Paid-up Capital it is important to understand what is authorized and paid up capital. Authorized Share Capital It is the greatest measure of offer that an organization is approved to have by its MOA to issue to the investors i.e the maximum share capital that a company is [...]

2018-11-05T12:52:48+00:00Company Articles|