Registrar, application and procedure on any application receipt or form or document electronically.

The Registrar shall examine or cause to be examined every application or required document or e-form or authorized to be filed or delivered under the Act or made rules there-under for registration approval, record taking or by the Registrar rectification, as may be the case. Provided that save as given in the Act otherwise, the Registrar shall take decision on the application, documents or e-form within thirty days from its filing date excluding the cases in which the Central Government…

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Debentures,obligations of company.

Debentures, obligation of the company The company shall make sure that the offer letter shall contain material, true and factual information and shall not contain any misleading information and must state that the affairs of the company accept the responsibility for document such that contained in the document; the company shall not give any new shares including by way of shares of bonus from the resolution passing date which is authorizing special the buy-back till the offer closure date in…

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AUDITOR AND AUDITORS

AUDITOR APPOINTMENT. MANNER AND PROCEDURE OF APPOINTMENT AND SELECTION OF AUDITORS (RULE 3)In case of a company that is needed to constitute an Audit Committee under section 177, the committee and, in cases where such a committee is not needed to be constituted, the Board, shall take into consideration the individual qualification and experience or the proposed firm to be considered as auditor for appointment and whether qualifications such and experience are commensurate with the company size and requirements. While…

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Subsidiary, Companies needed to appoint internal auditor.  The following companies class shall be needed to appoint an internal firm or auditor of internal auditors, namely:- a, Every listed company. b, Every public company unlisted having– i, Paid up share capital of rupees fifty crore or more during the prior financial year. ii, two hundred crore rupees turnover or more during the prior financial year or iii, Borrowings or outstanding loans from public financial institutions or banks exceeding one hundred crore…

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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,…

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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)…

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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…

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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.…

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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…

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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,…

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