Procedure for Shifting of Registered Office From One City to Another

Procedure for Shifting of Registered Office From One City to Another (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 12(5) of the Companies Act 2013 Except on the authority of a special resolution passed by a company, the registered office of the company shall not be changed,—      (a) in the … Read more

Procedure for Acceptance of Deposits

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of section 73(2) of the Companies Act 2013 a company may, subject to the passing of a resolution in general meeting and subject to such rules as may be prescribed in consultation with the Reserve Bank of India, accept deposits from its members subject to the … Read more

Procedure for Appointment of Auditor in Government Company

Procedure for Appointment of Auditor in Government Company (adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 139(5) of the Companies Act 2013 in case of a Government company or any other company owned or controlled, directly or indirectly, by the Central Government, or by any State Government or Governments, or partly by … Read more

Stepwise Procedure for Appointment of Auditor

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 139(6) of the Companies Act 2013 the first Auditor of a company, other than a Government company, shall be appointed by the Board of Directors within thirty days from the date of registration of the company and on failure to do so, members of the company, shall … Read more

Revised Procedure For Obtaining DIN

(adsbygoogle = window.adsbygoogle || []).push({}); As per Rule (2) (1) (e) of Companies (Specification of definition details) Rules, 2014 “Director Identification Number” (DIN) means an Identification Number allotted by the Central Government to any individual, intending to be appointed as director or to any existing director of a company, for the purpose of his identification … Read more

Procedure for Buyback of Shares

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 68(2) of the Companies Act 2013 a company may purchase its own shares or other specified securities under Section 68(1),          (a)          if the buy-back is authorised by its articles; and         (b)         the buy-back is, ten per … Read more

Procedure for Reduction of Share Capital

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 66(1) of the Companies Act 2013 (1) Subject to confirmation by the Tribunal on an application by the company, a company limited by shares or limited by guarantee and having a share capital may, by a special resolution, reduce the share capital in any … Read more

Stepwise Procedure for Private Placement of Shares

(adsbygoogle = window.adsbygoogle || []).push({}); As per the provisions of Section 42(1) of the Companies Act 2013 without prejudice to the provisions of section 26, a company may, subject to the provisions of this section, make private placement through issue of a private placement offer letter. For the purposes of this section, the expression “Private … Read more

Procedure For Formation of LLP

Procedure For Formation of LLP   (adsbygoogle = window.adsbygoogle || []).push({}); Step 1 :  Deciding the Partners and Designated Partners      (i)   A minimum of two partners who can be Individuals or Body Corporate through their nominees.      (ii)  Of the total number of partners, atleast two shall be Designated Partners, of … Read more

Procedure for Issue of Bonus Shares

   As per the provisions of Section 63 of Companies Act, 2013 (adsbygoogle = window.adsbygoogle || []).push({}); (1) A company may issue fully paid-up bonus shares to its members, in any manner whatsoever, out of— (i)   its free reserves; (ii)  the securities premium account; or (iii) the capital redemption reserve account: Provided that no issue … Read more