Till last year, it was not possible to form a private limited company without two subscribers or shareholders. With the introduction of new Companies act 2013, an individual can set up companies alone without taking another subscriber or shareholder. With this new concept, small entrepreneurs can set up a one person company (OPC) without sharing their profits with another … [Read more...] about Starting One person company (OPC) in India
Company Law
Appointment of Company Secretary in India
Appointment of company secretary or CS is governed by the Indian companies act. According to this act, a company secretary is to be appointed and/or compliance certificate is to be obtained based on the paid up share capitals of the company. Companies having paid up share capital of Rs. 10 lakh or more but less than Rs. 2 crore is not required employing a whole time … [Read more...] about Appointment of Company Secretary in India
Job of a Chartered Accountant or CS in company registration Process
Chartered accountants (CA) or company secretaries (CS) are the persons who are authorized to approve and certify all the documents that are required in company registration process. At each steps of company registration process, you need to obtain their approval before uploading it to MCA website. Approval of DIN Director Identification Number (DIN) is required before the … [Read more...] about Job of a Chartered Accountant or CS in company registration Process
What is Articles of Association (AOA) – A beginner’s guide
Like MOA, Articles of Association (AOA) is also prepared at the time of incorporation of a company in India. Different countries like United Kingdom, Pakistan, Bangladesh, Srilanka also have this concept of preparation of AOA. An AOA defines the rules and regulations which a company will be following while carrying out the activities as mentioned in the memorandum of … [Read more...] about What is Articles of Association (AOA) – A beginner’s guide
What is Memorandum of Association (MOA) – A beginner’s guide
Memorandum of association (MOA) is a statement which is prepared and uploaded by the subscriber at the time of company’s registration. You can take help of a professional like a CA or CS for drafting of memorandum of association (MOA). Contents of Memorandum of Association - MOA MOA has to be prepared and to be filed while incorporating a new company in India. Countries like … [Read more...] about What is Memorandum of Association (MOA) – A beginner’s guide
Limited Liability Partnership Firm Formation – LLP Formation in India
Limited liability partnership or LLP is registered with the ministry of corporate affairs. It's a partnership firm where all the partners have limited liability. The concept of LLP in India started in 2009 after the introduction of LLP act, 2008 which is passed and notified with effect from 31st march 2009. In India a It's treated just like a partnership firm formed with a … [Read more...] about Limited Liability Partnership Firm Formation – LLP Formation in India
Company Name Approval Process in India
After getting you Director Identification Number or DIN approved from MCA, you can start your company name approval Process. You can check at MCA site to know whether the company name is available for registration or not. If you find any company with the same name then your name can not be approved by MCA. Same site can be used for LLP name search. The must important … [Read more...] about Company Name Approval Process in India
What is a digital signature certificate – DSC
DSC is an electronic signature used to authenticate any digital message or documents. A properly implemented digital signature gives the receiver reasons to believe that the message that has been sent by the owner of the signature. The original owner can not deny for the authentication of the signature. Digital signature or DSC uses encryption technique and a public/private key … [Read more...] about What is a digital signature certificate – DSC
Private Limited Company Requirements
Private Limited Company is registered in India under the companies act, 1956 with not less than 2 members and not more than 50 members as its subscriber. It's less cumbersome to organize and operate as there are certain legal exemptions to follow. In India most of the family businesses are run in the name of a private limited company. It does not trade in a stock exchange and … [Read more...] about Private Limited Company Requirements
Company Registration Procedures in India – For Private Limited Company
Company form of business is the most common corporate structure in India. A company is a business entity which has its own legal identity and registered under the companies act 2013. Out of the options available to register, private limited company is the most popular type of corporate legal entity registered in India. Registrations of these companies are overseen by the state … [Read more...] about Company Registration Procedures in India – For Private Limited Company