Secured Creditor’s Power to make Reference of the Company

Scope of section 253(1) of Companies Act, 2013 Section 424 of the 1956 Act was vested only with the Board of Directors of the company. The 2013 Act extends the powers to secured creditors too. This Scheme is in line with the provisions of the title 11 of the US code where under not only the debtor, but also the creditors can file a plan for reorganization. However, under the UK Insolvency Act, 1986 directors can propose voluntary arrangements to…

Read More

Do you wish to reduce the share capital of your company?

Do you wish to reduce the share capital of your company? Convene a board meeting after issuing not less than seven days notice to every director of the company at his address registered with the company as per section 173(3) of the 2013 act and approve the scheme of reduction, and fix up the date, time, place and agenda for the general meeting to pass a special resolution for effecting reduction and consequently to  change the memorandum of association (MOA)…

Read More

How to change the name of a private company – private ltd company

How to change the name of a private company? Here, we are going to discuss how important is to change the name of a private limited company due to structural change occurs after the incorporation and registration of a company. The name of the company, in general, helps third parties to alliance their needs with the activities of a company. When we do expansion or change of field of operation of the company, the name is required to be changed.…

Read More

Tips for startups to register a business in India – Company registration

Before knowing how to register a business in India, first of all, you need to understand what are the types of company you can register in India? There are 5 types of companies in India; all are different from one another in different aspects. They are Private limited company Limited Liability Partnership (LLP) One Person Company (OPC) Sole proprietorship General partnership Procedure to register a company in India: To make it simple for registering a business in India, Ministry of…

Read More

Appointment of official liquidators – company registration

Appointment of official liquidators: – Company Registration in Coimbatore As far as it relates to the winding up of companies by the tribunal, the central government would have appointed as many official liquidators, deputy, joint or assistant official liquidators as it considers necessary in order to discharge the functions of the official liquidator. The liquidators appointed under sub-section (1) shall be whole time officers of the central government. The salary and other allowances of the official liquidator, joint official liquidator,…

Read More

Accounts of companies – Private limited company registration in cbe

Accounts of companies:-  Private limited company registration in Coimbatore Each and every company need to prepare and keep at its registered office books of accounts and the other relevant books and papers and financial statement for every financial year which gives a true and a fair view of the state of the affairs of a company which includes branch offices, if any, the transactions has to be explained which should effect both the registered office and its branches. Such books…

Read More

How to register a company in Coimbatore?- Private ltd company registration

How to register a company in Coimbatore? Registering the company is quite easy but choosing the right business structure is an important decision. Here, we are going to see what are the different business structures, their pros, and cons. The importance of choosing the right structure for company registration in Coimbatore is as equivalent to any other business-related activity, from engineering to design to marketing to sales to support. The right company registration and the business structure in Coimbatore allow…

Read More

Companies capable of being registered – Company Registration

Companies capable of being registered: The company is a term which includes limited liability partnership, partnership firm, society, cooperative society or any other business entity formed under any other law for the time being in force which may apply for the registration under this part. As the exceptions and subject to the provisions contained in this section, any company formed, whether before or after the commencement of this act in pursuance of any act of parliament which is other than…

Read More

Scheme of revival and rehabilitation – Private limited company registration

Scheme of revival and rehabilitation: The company administrator shall prepare or cause to be prepared a scheme of revival and rehabilitation of the sick company after considering the draft scheme filed along with the application under section 254. A scheme prepared in relation to any sick company under sub-section (1) may provide for any one or more of the following measures, namely:- The financial reconstruction of the sick company; The proper management of the sick company by any change in,…

Read More

Merger or Amalgamation of company with foreign company

Merger or amalgamation of company with foreign company: Provided under any other law for the time being in force can apply mutatis mutandis to schemes of mergers and amalgamations between the companies registered under this act and the companies incorporated in the jurisdictions of such countries that may be notified from time to time by the central government. Provided that the central government may make rules in consultation with the Reserve Bank of India connect with mergers and amalgamations. As…

Read More