MCA - Corporate Filings
Annual Filings for Limited Liability Partnership (LLP)
Annual filings for Limited Liability Partnership (LLP) For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance. A Limited Liability ...
One person company and its benefits
The structure of the one person company (OPC) in recent times was launched as a refinement of the structure of a sole proprietorship firm. In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability ...
ISSUING SHARES IN PRIVATE LIMITED COMPANY
When a private limited company is set up, the first shareholder chooses how many shares a private company can issue. But as per the government, there is a minimum requirement, where the company has to issue at least one share in the company. There is ...
12A registration for section 8 company
12A registration is a one-time registration which is granted by the Income Tax Department to trusts and other not for profit organisations. The purpose of the registration is to be exempted from the payment of income tax. 12A registration is ...
Articles of Association Of Section 8 Company
As per the Companies Act, 2013, Section 8 Company refers to a corporation that incentivises arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives. The ultimate objection of registering ...
Compliance for one person company
One Person Company (OPC) is mandatorily required to maintain compliance as per Income Tax Act and Companies Act. Hence, maintaining compliance for a One Person Company mainly includes filing of income tax return with the Income Tax Department and ...
Advantages of limited liability partnership
The following are advantages of incorporating an LLP in India: No requirement of minimum contribution There is no minimum capital requirement in LLP. An LLP can be formed with the least possible capital. Moreover, the contribution of a partner can ...
Limited Liability Partnership v/s Partnership
Partnership Vs Limited Liability Partnership (LLP) Comparison Chart BASIS FOR COMPARISON PARTNERSHIP LIMITED LIABILITY PARTNERSHIP (LLP) Meaning Partnership refers to an arrangement wherein two or more person agree to carry on a business and share ...
Is One Person Company A Private Company
OPC and Private Limited Company are two different business structures governed by the Companies Act. The concept of One Person Company encourages single and enthusiastic entrepreneurs to operate own venture. However, Private Limited Company requires ...
Benefits of Section 8 Company in India
Section 8 companies are similar to Trust or Society except for one factor that is a section 8 company register itself under Central Government’s Ministry of Corporate Affairs. In contrast to, Trust or Societies which gets registered under State ...
How does a Company Issues Equity Shares
How Shares are Issued in India Shares of a company registered in India can be issued to the general public (with SEBI approval) by a Limited Company or can be issued to persons and entities comprising of friends, relatives, business partners, etc., ...
Characteristics of limited liability partnership
Features of Limited Liability Partnership Limited Liability Partnership is yet another form of Business Organization in India but with a bit of difference from other such forms such as Sole Proprietorship, Partnership, Company, etc. LLP is an ...
how to perform a Dormant company compliances?
Concept of Dormant Company Whenever a company is not doing any business activities for a long time period say 1-2 years the first thing which we decide is to close our business and the first option came in our mind is winding up, because no one wants ...
Section 8 Company Registration procedure for social welfare
As per the Companies Act, 2013, Section 8 Company refers to a corporation that aims to incentivize arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives. The ultimate objection of ...
Special Characteristics of OPC Pvt Ltd
Features of One Person Company Member of the Company · First and foremost is that the company shall have only one member. Member is defined as a shareholder or a person who agrees in writing to become a shareholder or the subscriber of MoA who has ...
How Much Shares can a Company Issue?
Shares of a company registered in India can be issued to the general public (with SEBI approval) by a Limited Company or can be issued to persons and entities comprising of friends, relatives, business partners, etc., in case of a private limited ...
Compliances For Company Listed on Stock Exchange
Compliance of Listed Company The listed company has to comply with the provisions of SEBI as well as the companies act, 2013. Following are the provisions that need to have met: Sec 91: Close Register of Members a company can close the register of ...
Characteristics of One Person Private Limited Company
Features of One Person Company Member of the Company · First and foremost is that the company shall have only one member. Member is defined as a shareholder or a person who agrees in writing to become a shareholder or the subscriber of MoA who has ...
Disadvantages of limited liability partnership
Choosing the right business structure for your business is critical for its success. As any error in that matter can make or break your business, you should weigh all the pros and cons before making any decision. Indian legal system offers a wide ...
Technical Guide on Accounting for CSR Activities
Monitoring of CSR activities and its reporting is mandatory as per the Companies (Company Social Responsibility Policy) Rules 2014. According to the United Nations Industrial Development Organization, Corporate Social Responsibility (CSR) is a ...
How Many Members can be there in a One Person Company
In a one-person company as the name suggest one person is there as a member. It is a private limited company and has to fulfill all the complexities of a private company as specified in the companies act,2013. Created & Posted By Aashima Accounts ...
Meaning & Process of Statutory Audit In India
Meaning of a Statutory Audit A statutory audit is a legally required check of the accuracy of the financial statements and records of a company or government. A statutory audit is intended to determine if an organisation delivers an honest and ...
How To Register One Person Company
A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Company, a minimum of 2 Directors and 2 Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 ...
Limited Liability Partnership Documents
Documents Required for LLP Registration Limited Liability Partnership (LLP) is a relatively new business entity introduced in India through the LLP Act, 2008. LLPs are most popular amongst small businesses. With the recent relaxation of FDI rules ...
One Person Company shall hold its AGM
In India One Person Company is the modern form of business which is proposed by the Companies Act, 2013. It is a hybrid structure which combines most of the benefits of a sole proprietorship and a company from of business. Therefore it does away with ...
One Person Company Meaning & Advantages
A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Company, a minimum of 2 Directors and 2 Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 ...
Formation of Limited Liability Partnership In India
Limited Liability Partnership (LLP) has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organisation. The concept of the Limited Liability ...
MCA increases Additional Fees on Form
MCA increases Additional Fees on Form will be from existing 12 times to 18 times of Normal Fees [Read Notification] The Ministry of Corporate Affairs has increased the Additional Fees on the form will be From existing 12 times to 18 times of normal ...
Different types of audit in India
Overview: The audit is an art of systematic and independent review and investigation on a certain subject matter, including financial statements, management accounts, management reports, accounting records, operational reports, revenues reports, ...
How to Conduct Internal Audit in India
INTERNAL AUDIT Definition Preface to the Standards on Internal Audit issued by ICAI defines "Internal Audit" as follows: An independent management function, which involves a continuous and critical appraisal of the functioning of an entity with a ...
What are the Compliances for a Listed Company in India?
A Public Company whose shares are listed & traded on the stock exchange refers to a listed company. Listed companies are the public limited joint-stock company whose shares get sold on the central stock market. Companies often go for general issues ...
What is the Purpose of Income Tax Audit
What is a Tax Audit? The term ‘audit’ refers to a check, review, verification or inspection of a record, transaction, account etc. A tax audit is the process of verification and inspection of the accounts of a taxpayer to confirm their adherence to ...
Registrar of Companies and Filing Procedures
What Is ROC Filing? ROC filing means the filing of audited financial statements, and annual returns, by the company to the ROC. Under sections 129 and 137 of the Companies Act, 2013, every company should file the audited financial statements with the ...
Public Limited Company Compliances
What is a Public Limited Company? A Public Limited Company is explained under Section 2(71) of the Companies Act, 2013. Firstly, a Public Limited Company is a company that offers shares to the general public and has limited liability. Secondly, a ...
Private Limited Company Compliances
The term compliance describes the ability to comply with orders, a set of rules, or requests. A private limited company that has been incorporated in India must ensure the compliances concerning the Companies Act, 2013 are adequately met. The ...
Complete understanding of Company Compliances India
A company which has been incorporated in India must ensure compliance with the Companies Act,2013. The Companies Act, 2013 regulates appointment, qualification, remuneration, and retirement of directors of the Company. Aspects such as how to conduct ...
What is Registrar of Companies & Its Working?
The Registrar of Companies (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with the administration of the Companies Act, 2013, The Limited Liability Partnership Act, 2008, The Company Secretaries Act, 1980 and The ...
Nidhi Company- Pre Incorporation & Post Incorporation Compliances
Nidhi Company Registration in India Nidhi Company is registered under the provisions prescribed in the Companies Act, 2013[1]. The only objective of forming a Nidhi Company is to cultivate the habit of thrift and savings amongst its members. The ...
Mandatory Compliances for a Producer company
Article Annual Company Law Compliance Calendar for Producer Companies under Companies Act, 2013 in Tabular Form stating Form or Return required to be filed, Section/Rules under which the same need to be filed, and nature of Compliance. The article ...
What is section-8 company & its compliances ?
What is Section-8 Company? A Section 8 company is a non-profit organization formed with the objective of promoting commerce, arts, science, sports, education, research, social welfare, and protection of the environment. in a country. Though they are ...
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