Annual Compliances of One Person Company(OPC)

One Person Company Annual Compliances refers to the filing of various documents on an annual basis. One person company can be formed by one person only, who can act as a director as well as a shareholder. There were no provisions of forming a One Person Company in the Old Companies Act 1956. with the [...]

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 [...]

Chit Fund Company and its Registration Process

Chit Fund Company A Chit Funds is a prominent kind of investment funds that operate in India as a principal part of the disorderly currency advertise industry. As well as Chit stores give access to investment funds and borrowings for individuals with constrained access to managing account offices. Thus, Chit stores are controlled by Chit [...]

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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 [...]

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A Complete Guide to One Person Company (OPC)

What is a One Person Company (OPC) Companies Act, 2013 introduced the concept of One Person Company in India in order to promote self-employment and to motivate individuals who are capable of starting a business of their own. The need for two directors in a private limited company is eliminated which aids the entrepreneurs to [...]

A Complete Guide to Private Limited Company

What is a Private Limited Company? A Company is an association of persons who share common goals. Moreover, the owners of the company pool their resources in order to achieve their common goals. A private limited company is a closely held company with restriction to issue shares to the public. Thus that it cannot go [...]

Compliances of Private Limited Company

The private limited company is amongst the most popular form of starting a  business. Once your private limited company is registered, then you are required to follow many Compliances of Private Limited Company. There is a list of some common Compliances of Private Limited Company that are mandatorily followed: Compliance Requirement Description and Timeline Appointment [...]

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One Day Company Incorporation using SPICe forms- Analysis

SPICe- One Day Company Incorporation The procedure for company incorporation is provided under Section 7 of the Companies Act, 2013. Companies (Incorporation) Rules, 2014 which came into effect from 1st April 2014 was framed by the Central Government for the purpose of company incorporation. There are Rules prescribing various Forms that are to be used for [...]

Companies Acceptance of Deposits Amendment Rules, 2018

According to the exercise of powers that are conferred by Section 73 and Section 74 read with the Sub-section (1) and the Sub-section (2) of Section 469 of the Companies Act,2013, the Central Government in consultation with the Reserve Bank of India, herewith makes the further amendments in the Companies Acceptance Deposit Rules, 2014. Related- Companies [...]

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Increase in penalty for not filing annual return

The Companies (Registration Offices and Fees) Second Amendment Rules, 2018 was notified by the Ministry of Corporate Affairs on 7th May 2018. For all Professionals and Entrepreneurs, who are directors of a company this rule plays an important role in their lives. By implementing this rule, there will be a very significant increase in penalty for [...]

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