Buyback of Securities – Companies Act, 2013

By Team Lawgical Startup

Pre-requisites of Buyback | Steps for Buyback of securities | Modes of Buyback | Source of Funds | Other provisions related to Buyback | Transfer of certain sums to Capital Redemption Reserve Account | Circumstances in which Buyback is Prohibited The literal meaning of word ‘buyback’ is ‘repurchase’. Buy back of securities means purchase of…

Conversion of Sole Proprietorship into a Private Limited Company

By Team Lawgical Startup

Procedure for Conversion – Conditions for conversion – Key benefits – other important points Usually entrepreneurs start their business ventures in the form of Sole Proprietorship, reason being it is the simplest form which has least maintenance cost. Alongside, the owner has the complete control of the business and the ownership remains in his hands.…

Annual Compliances for Limited Liability Partnership (LLP)

By Team Lawgical Startup

Benefits of LLP – Annual Compliances for LLP – Annual filing – Maintenance of Books of Accounts and Documents – Filing of Income Tax Returns – Audit of LLP Partnership has been the most desirable form of business since ages. Just by adding a prefix i.e. ‘Limited Liability’, A new form of business is created…

Concept of Deposits under Companies Act, 2013

By Team Lawgical Startup

Relevant provisions – What is the meaning of deposits? – Who can invite deposits? – Conditions to be meet with respect to deposits Companies are runs on three measures, those measures would be customer satisfaction, employee satisfaction, and cash flow. Having continuous cash flows and raising funds for long term projects is the need of…

Partnership – Everything you want to know

By Team Lawgical Startup

Meaning of Partnership – Advantages of Partnership – Registration of Partnership – Incoming and Outgoing Partners Think about an individual who wants to establish his own foundation, the available options are sole proprietor, company, partnership or any other combination. The option sole proprietorship comes with the struggle of capital resources and minuscule growth and on…

Change in Registered Office of Company – Procedure

By Team Lawgical Startup

An inexorable desire to start a new Company requires dedication of people, focuses effort and choosing right business location. Having a place of business is extremely important as during the initial stage of registration process you will be prompt to declare the address of the Registered Office of the Company. Change in Registered Office is…