Annual general meeting or AGM is a yearly meeting of members or shareholders of a private or public limited company to comply with legal requirements which include approval of audited accounts and appointment of company auditor. As per section 96 (1) of companies act 2013, every company other than a one person company or OPC shall in each year hold in addition to any other … [Read more...] about When and where to conduct annual general meeting or AGM – Companies act 2013
How to convert a public limited company to private limited company – Companies Act 2013
Section 13 and 14 of Companies act 2013 and rule 33 of companies (incorporation) rules 2014 deals with provisions relating to conversion of public limited company to private limited company. Section 13 and section 14 requires the public company to pass special resolution to obtain shareholder’s approval in a general meeting. Further, section 14(1) of Companies act 2013, … [Read more...] about How to convert a public limited company to private limited company – Companies Act 2013
Why to File declaration prior to commencement of business – Form INC21
Note: Section 11 has been removed from the Companies Act 2013 with the new Companies (Amendment) Act, 2015. Due to this amendment, commencement of business certificate will not be required with effect from 29th May 2015 and INC21 for this purpose is not required to be filed with ROC. Here is the earlier provision which required filing of INC-21 which is not required … [Read more...] about Why to File declaration prior to commencement of business – Form INC21
How to change company name as per companies act 2013 – 5 easy steps
There can be many reasons to change a company name such as change in ownership, diversification of main business activities or entered to a new geography. Whatever may be the reason for change in company name, if you are interested to change then consider these simple suggestions and steps. Determination of Company’s New Name This is the first step towards change in company … [Read more...] about How to change company name as per companies act 2013 – 5 easy steps
How to increase authorised share capital of a company – Companies act 2013
Authorised share capital means the maximum value of securities that a company can legally issue. Value of company’s authorised share capital including number of shares and value per share is specified in the capital clause of memorandum of association or MOA while incorporating a company in India. Out of the authorised share capital, company can issue shares to their … [Read more...] about How to increase authorised share capital of a company – Companies act 2013
Resignation of director – Compliance and Procedures as per Companies act 2013
First time in Companies act 2013, a detailed procedure has been prescribed for resignation of director. These provisions for resignation of directors are applicable with effect from 1st April 2014 and specified in section 168 of Companies Act 2013. Now as per the new provisions, both company and director are required to comply in case any of the director resigned from his … [Read more...] about Resignation of director – Compliance and Procedures as per Companies act 2013
How to intimate changes in particulars of director or DIN – eForm DIR6
If there are changes to the particulars of directors or DIN as submitted in e-Form DIR3 then the applicant or director is required to submit e-Form DIR6. Changes to the particulars of director as submitted in earlier form DIN1 can also be changed by using the present e-form DIR6. For instance, in the event of change in address of a director, he or she is required to intimate … [Read more...] about How to intimate changes in particulars of director or DIN – eForm DIR6
How to Sift Company’s registered office from one state to another state– Form INC23
In our previous article we have discussed how to intimate situation of registered office to ROC after company incorporation and how to sift registered office from one city to another city within the same state. Today, we will discuss how to sift company registered office or principal place of business from one state to another state. Provisions related to sifting of … [Read more...] about How to Sift Company’s registered office from one state to another state– Form INC23
How and why to disclose director’s interest to Registrar of companies – Companies act 2013
New companies act 2013 has introduced so many new compliance which every private and public limited company registered with registrar of companies are required to comply with. One of such requirement is related to disclosure of director’s interest to registrar of companies or ROC. Provisions related to disclosure of director’s interest are specified in section 184(1) of … [Read more...] about How and why to disclose director’s interest to Registrar of companies – Companies act 2013
How to sift company’s registered office within the city or town or village
A Company incorporated under the new companies act 2013 or prior to that must be having a principal place of business which is known as registered office of the company. Such requirement is mandatory as per company law and the company has to file e-Form INC22 at the time of incorporation or within 30 days from the date of incorporation stating the situation of registered … [Read more...] about How to sift company’s registered office within the city or town or village