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.…
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…
Ministry of Corporate Affairs (MCA) vide General Circular No. 18/2020 dated 21st April 2020 has provided certain relaxation in holding of Annual General Meeting (AGM) for those Companies whose financial year has ended on 31st December 2019. As per Section 2(46) of the Companies Act, 2013, Companies which are holding, subsidiary or associate of a…
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…
The Memorandum of Association (MOA) is a legal document that specifies the scope of business activities of the Company and defines the Company’s relationship with its shareholders. It is one of the most important documents of a Company as it states the objectives of the Company and contains the powers within which it can act. It is…
Various aspects of Strike off of Company under Companies Act, 2013 including the modes of striking off and the procedure to be followed are governed through Section 248 to section 252 of the Companies Act, 2013 along with Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. Relevant provisions Chapter XVIII…