Difference between a private and public limited company

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 … Read More » "Difference between a private and public limited company"

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 … Read More » "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 … Read More » "Transmission of Shares in case of death of shareholder – As per companies act 2013"