In India, Private Limited Companies are generally owned by family members or a small group of persons and not open to public for ownership. The general accepted rule is that any company which is not a public company is known as a private company. The directors and shareholders in a private limited company are frequently the same persons, which is not a case in public limited … [Read more...] about Difference between a private and public limited company
Archives for November 2015
How to surrender or cancel Director identification number or DIN
As per Section 153 of Companies Act 2013, every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number or DIN to the central government in e-form DIR-3. One person should obtain one Director Identification Number or DIN. In certain cases like death of the director or DIN allotted more than … [Read more...] about How to surrender or cancel Director identification number or DIN
Transmission of Shares in case of death of shareholder – As per companies act 2013
Transmission of share means transfer of title to shares by operation of law. This type of situation arises when a shareholder died, inheritance, bankruptcy, marriage and succession. On death of the shareholder, legal heirs are required to submit a request letter supported by an attested copy of the death certificate of the deceased shareholder and the relevant share … [Read more...] about Transmission of Shares in case of death of shareholder – As per companies act 2013