COMPANY LAW

COMPANY LAW

Limited Liability Partnership (LLPs) requirements at the time of Incorporation

RJA 06 Jul, 2018

Minimum Partners Two Maximum Partners No Limit Minimum Designated Partners  at least one designated partner shall be resident in India Designated Partners Identification Number All the designated partners shall obtain Designated Partners Identification Number (DPIN) by filing E-Form no. 7 online on the Limited Liability Partnership Portal. Filing Fee for ...

COMPANY LAW

HOW TO INCORPORATE THE COMPANY

RJA 05 Jul, 2018

Steps for incorporating the company:- The first step of getting a company incorporated is obtaining the approval of name from Registrar of Companies. A company may adopt any name which is not prohibited under the Emblems and Names (Prevention of Improper Use) Act, 1950.The government has launched a web ...

COMPANY LAW

A FORIGN COMPANY OPEN A BRANCH OFFICE IN INDIA

RJA 15 Jun, 2018

Pre Compliances REQUIRED CONDITIONS OF A FORIGN COMPANY OPEN A BRANCH OFFICE IN INDIA, The name of Indian Branch office shall be same as parent company. The Branch office does not have any ownership, it is just extension of the exiting company in the foreign country. All the expenses of ...

COMPANY LAW

Due Date for Annual Return

RJA 18 May, 2018

All companies registered in India must file annual return each year, irrespective of business turnover or activity. Annual return must be filed in Form MGT-7 and Form AOC-4 is also filed along with the annual return. In this article, we look at the due date for annual return for a ...

COMPANY LAW

Shifting of Registered Office from One State to Another

RJA 11 May, 2018

Shifting of Registered Office(RO) of the Company from One State to the Another which have more compliance than shifting the Registered Office within the State. Detailed Procedure According to the Section 13 read with Rule 30 of Companies (Incorporation) Rules, 2014:- Preapare Draft Memorandum and Articles of Association of the Company. ...

COMPANY LAW

MCA has notified amendment to various rules under Companies Act, 2013

RJA 11 May, 2018

MCA has notified amendment to various rules under Companies Act, 2013. The amendments are effective from May 07, 2018. The amended provisions have been discussed as under: MCA has amended the Companies (Meetings of the Board and its Powers) Rules, 2014. A new provision has been inserted to Rule 4 of the said rules ...

COMPANY LAW

START-UP’S COMPANIES & THE MISTAKES THEY DO WHICH CAUSE THEM A BIG TROUBLE TO EXPAND THEIR BUSINESS

RJA 09 May, 2018

Details about start-ups and the mistakes they do which cause them a big trouble to expand their business and yes sometimes more serious than that, they have negative remark on their goodwill. Also, in the present scenario government has become more conscious and strict about following the Corporate Laws and ...

COMPANY LAW

CONVERSION OF LLP INTO COMPANY LIMITED BY SHARES.

RJA 07 May, 2018

LLP Act, 2008 does not cover the conversion of LLP into Company but in Companies Act, 2013 conversion of LLP into Company is covered in section 366. Please note that recently MCA has notified Companies (Authorized to Register) Amendment Rules, 2018 which shall came into force on 16.02.2018 in which form URC–1 has ...

COMPANY LAW

MAJOR COMPLIANCES & DUE DATE OF ANNUAL FILINGS OF EVERY LIMITED LIABILITY PARTNERSHIPS (LLPS) FOR THE YEAR 2017-18

RJA 05 May, 2018

Is the next important task marked in compliance list. Every Limited Liability Partnerships (LLPs) which are registered with the Ministry of Corporate Affairs (MCA) have to file the Annual Returns and Statement of Accounts for the FY 2018. here are three main compliances which should be red flagged by all the ...

COMPANY LAW

Merger and Amalgamation under Companies Act, 2013 by National Company Law Tribunal (NCLT).

RJA 19 Mar, 2018

Merger and Amalgamation is a restructuring tool available to Indian conglomerates aiming to expand and diversify their businesses for various reasons whether it is to gain competitive advantage, reduce costs or availing of tax benefits. Merger means an arrangement whereby one or more existing companies merge their identity in to ...

COMPANY LAW

Elements of Financial Statements

RJA 07 Mar, 2018

The financial elements of a financial statement are broadly classified into five categories. These are grouped according to the monetary characteristics they possess. Let’s have a brief understanding of all five. Assets An asset is a resource (either tangible or intangible) which is in control of the enterprise ...

COMPANY LAW

QUICK REVIEW ON INSOLVENCY AND BANKRUPTCY CODE

RJA 03 Mar, 2018

The meaning of Insolvency and Bankruptcy is not same. “Insolvency” means the situation where an entity (debtor) cannot raise enough cash to meet its obligations or to pay debts as they become due for payment Bankruptcy is the term for when an individual is declared bankrupt by the ...

COMPANY LAW

KEY HIGHLIGHTS OF THE COMPANIES (AMENDMENT) BILL, 2017

RJA 30 Jan, 2018

Name reservation in case of new company Incorporation shall be valid for 20 days from date of approval instead of 60 days from the date of application. In case of Change of Name of existing Company, Name Reserved by the ROC shall be valid for 60 days from the date of Approval. Partnership ...

COMPANY LAW

MCA HAS LAUNCHED NEW E-FORM RUN(RESERVE UNIQUE NAME)

RJA 29 Jan, 2018

MCA HAS LAUNCHED NEW E-FORM RUN(RESERVE UNIQUE NAME)   The government has launched a web service RUN (Reserve Unique Name) for reserving name of a proposed company under the Government Process Re-engineering on this Republic Day to improve ease of doing business in the country.   We can directly ...

COMPANY LAW

MCA PROPOSES CHANGE IN PROCESS OF OBTAINING FRESH DIRECTOR IDENTIFICATION NUMBER

RJA 05 Jan, 2018

MCA has proposed to re-engineer the process of allotment of Director Identification Number (DIN) by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) in companies. DIR-3 (Application for Director Identification Number) would be applicable for the allotment of ...

COMPANY LAW

COMMON COMPLIANCE’S WHICH A PRIVATE LIMITED COMPANY HAS TO MANDATORILY ENSURE

RJA 11 Sep, 2017

COMPLETE FILING OF YOUR COMPANY  ROC ANNUAL COMPLIANCE- COMMON COMPLIANCE’S WHICH A PRIVATE LIMITED COMPANY HAS TO MANDATORILY ENSURE- TIME IS RUNNING OUT-: - While you are busy planning the business strategies, there are various compliance’s which are required to be followed ...

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