Conversion Of Proprietorship To Private Limited Company
Conversion Of Proprietorship To Private Limited Company A sole proprietorship is having characteristic of unlimited liability and stakeholders shall have no clarity on succession planning but are privileged with less compliance. The era of obtaining funds from outside by issuing various instruments like Shares and Debentures is provoking sole proprietors to convert their Proprietorship into […]
MSME CLASSIFICATION
MSME CLASSIFICATION INTRODUCTION : Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural […]
Concept of One Person Company(OPC) under Companies Act, 2013
Concept of one person Company OPC under Companies Act 2013 One Person Company is newly added in the Companies Act 2013, earlier there was no concept of a one-person Company. The main aim was to promote the individual having the resources to form a company by reducing the complications and challenges faced while incorporation of […]
Human Resource Policies for a Start-up Company
Human Resource Policies for a Start-up Company Code of Conduct One of the most important HR Policies for a start-up company is the code of conduct or the work culture to be followed by the employees. The policy details the ethical behavior, employee relations, dress code, harassment policy, discrimination policy, customer misbehavior policy, etc. to […]
Procedure for Converting a Loan into Equity
Procedure for converting a Loan into Equity APPLICABLE SECTION : SECTION 62(3) CONVERTING A LOAN INTO EQUITY of a company is a common practice because many companies that have borrowed money from their directors, financial institutions, or any other entity are obligated to repay the debt within the time frame set forth in the loan […]
Road Map For Rights Issue
Road Map for Rights issue Sl.NO PARTICULARS REMARKS 1. Cut-off Date The shareholders of the company to be considered as on cut-off date. *Meaning of cut-off date: It is the date fixed for taking record of shareholders to be eligible to participate in right issue. 2. Notice of BM Notice to be sent with agenda […]
Form MBP 1 and Format of Form MBP 1 (Companies Act)
Form MBP 1 and Format of Form MBP 1 From this article, you will get to know about Form MBP 1 and Format of Form MBP 1 (Companies Act, 2013). Section 184 (1) of the Companies Act 2013 requires that every director to make disclosure of his interest or concern in any company or firm […]
Format of board resolution to record disclosure of interest received from directors
Format of Board resolution to record disclosure of interest received from Directors Section 184 (1) of the Companies Act 2013 requires that every director make disclosure of his interest or concern in any company or firm or body corporate or any association of individuals at the first Board meeting or when there is any change […]
Issue of share certificate as per Companies Act, 2013
Issue of Share Certificate as per Companies Act 2013 Applicable Provisions: Section 46 (issue of share certificates) and sub-section (4) of section 56 (relating transfer and transmission of securities) read with Rule 5 of Companies (Share capital and debentures) Rules, 2014. The time period of issuing a share certificate (Section 56 (2)) A subscriber to […]
How to apply name of the NEW Company through MCA portal ?
How to Apply for NEW Company through MCA portal Apply name of the NEW Company through MCA portal Relevant provisions Section 4(4) of the Companies Act, 2013 and Rule 8 & 9 of Companies (Incorporation) Rules, 2014. Relevant form Application of name can be filed through SPICe+ Part A under New Application as well as […]
