Relaxation of additional fees and extension of time for filing of e-forms

Considering the technical glitches being observed in the MCA Website, there is some relief to existing stake holders about filing of e-forms which are due for filing between 25.03.2016  to 30.06.2016 with  Ministry of Corporate Affairs. The Government has provided relaxation of additional fees and extension of time for filing e-forms under Companies Act 2013 […]

New Simplified Process of Incorporation of Company in India

New Simplified Process of Incorporation of Company in India Applicable Sections governing INC-29 : 4, 7, 12, 152 and 153 of the Companies Act, 2013 along with relevant rules The Government of India has notified on 1st May 2015, a new system of incorporation of Private or Public limited company. It has introduced easy method […]

THE COMPANIES (AMENDMENT) ACT, 2015 – Highlights

THE COMPANIES (AMENDMENT) ACT, 2015 After implementation of New Companies Act 2014, the Government has made changes in provisions of the New Companies Act 2014 and published “Companies Amendment Act 2015” on 25.05.2015.  This Act came into force on 26.05.2015. The amendment has been made in the requirement of paid up capital, common seal, filing […]

Procedure of OPC (One Person Company) Formation, in India

Step by step guide to Formation / Registration / Incorporation of a OPC (One Person Company) , in India. Dilemma…while starting up a business the first question comes to anyone’s mind is, should I start it as a Proprietorship firm or make it a Partnership firm with someone I trust, or register it as a […]

Foreign Direct Investment (FDI) in India – Reporting & Compliance

In this article I will try to give some insights on the Procedural aspects like remittance, issuance of shares and Reporting/Compliance to RBI (Reserve Bank of India), with the help of a case study. Each subscriber to the Memorandum of Association  (MoA) of the company (Private or Public), after its incorporation shall be required to deposit minimum subscription money (i.e. […]

Foreign Direct Investment (FDI) in India – Basics

After hearing enough rambling on FDI’s and its urgent need to stop Indian rupee fall, one is very curious to know about FDI (Foreign Direct Investment) and trying to understand what qualifies as FDI and what routes are available for them to invest in our country. FDI as the name suggests, it is an investment […]

Highlights of the Companies Bill 2012

Rajya Sabha passed the Companies Bill, 2012 on 8th August, 2013. It was earlier passed by Lok Sabha on December 18, 2012. Now it will be presented before the President for approval after which it will come into force.   The new Law will be a progressive and futuristic law which promises improved corporate governance norms, […]

Formation of Wholly Owned Subsidiary Company (Private Limited) in India

Before taking a look at the Wholly Owned Subsidiary (WOS) Formation Procedure, would like to describe some basics. What is WOS (Wholly Owned Subsidiary) ? When one company is 100 % owned by another company, it is called Wholly Owned Subsidiary of the company who has made 1oo % investment in it. e.g. ABC Pvt. […]

LLP in India – Limitations/Disadvantages

Understanding the Limited Liability Partnership (LLP) limitations / disadvantages would help the entrepreneur get the additional perspective of this structure.  The entrepreneur needs to understand these things quite in details as it may create various stumbling blocks, which  may delay  breakthrough related to Start-up growth. Here in this article we would explore some of the […]

Annual Filing for LLP (Form 8 & Form 11) due dates

This is with reference to Annual filing of LLP (Form 8 and 11) for the financial year-end 31st March, 2013 with Registrar of Companies. The Ministry of Corporate Affairs has issued general notice for filing Form-8 (Statement of Account & Solvency) for the Financial Year ended 31-03-12 last year which is as follows: Notice for filing […]

LLP for Start-ups/SME’s – Part II

Flexibility in LLP Structure and in its unique appeal has helped many entrepreneurs to leverage its inherent positiveness and make it as the first choice of their start-up structure. In the earlier article LLP for Start-up/SMEs we delved into the basics of LLP’s structure and in continuation of that , we dig deeper into various other aspects […]

LLP for Start-ups/SME’s – Part I

LLP (Limited Liability Partnership) has its own advantage when compared to the traditional partnership and the Private Limited, as it picks the best of these two structures in one solid viable package. It tackles various challenges that entrepreneur faces when using a traditional partnership structure. The main focus of any Start-up is to keep the recurring cost […]

Importance of Annual filing with RoC for a Private Limited Company

Importance of Annual Filing with RoC for a Private Limited Company **** Updated as on 17th October 2013 **** Updates :  Since I am getting lot of queries/comments asking for the calculation of Last date of AGM or Last date of filing of accounts, I would like to explain the steps/logic to come up with those […]

Things to consider / legal aspects while starting up a Business

The trend of starting up a new business in India is quite catching up, not in scale or pace that’s been seen in Silicon Valley. We see patterns wherein many want to start/build something new – working executives who have acquired enough skill sets and experience, along with a group of friends or freshers who […]

Relaxation of additional fees & extension of due date of filing by MCA

Due to technical issues arising after transition from TCS to Infosys, MCA has issued a Circular regarding relaxation of additional fees & extension of the last date in filing various forms. This move is really satisfactory for all the Stakeholders!! Circular No. 3/2013 Subject: Relaxation of additional fees and extension of last date in filing […]

How to verify if a Company is Registered with RoC / MCA / Government?

This gallery contains 5 photos.

Recently one of my clients wanted to know if a particular Company is genuine i.e. registered with MCA (Ministry of Corporate Affairs) since he heard they were involved in some kind of fraud/scam related to Network/Chain marketing &  wanted to know the details of the Directors of that Company as well. Since there is a […]

MCA21 – Updated Phone Numbers of DIN Cell Help Desk / MCA21 Service Related Complaints

MCA21 – Service Related Complaints, Updated Phone Numbers of DIN Cell Help Desk / Email of Corporate Seva Kendra ***** Updated as on May 21’st 2016 ***** Click here to raise a MCA21 Service Related Complaint Click here to Track the MCA21 Service related Complaint Status MCA21 Helpdesk Contact Numbers : 0124-4832500 or 011-23073017 DIN Cell Helpdesk  : 9259720983 […]

Notification/major changes in DIN1 (Director Identification Number)

Major changes in DIN1 (Director Identification Number) As per Notification dated 24.12.2012 by the Ministry of Corporate Affairs. The Central Government has made amendment in the Companies (Director Identification Number) Rules, 2006 as follows:- Enter the current occupation and educational qualifications of the applicant Affidavit by the applicant to be executed on non judicial stamp paper amounting […]

Form 18 Major changes/MCA Notification (Situation of Registered Address of the Company)

Major changes in Form 18 (Situation of Registered Address of the Company) As per Notification dated 24/12/2012 by the Ministry of Corporate Affairs. Applicability : New as well as existing Company. Applicable Section : Section 146 of the Companies Act.1956. While incorporating a new Private Limited company or Public Limited company OR while shifting of office address, e- form 18 […]

Procedure of Company Formation (Private Limited Company), in India.

Step by step guide to Formation / Registration / Incorporation of a Private Limited Company, in India. What’s New/changed ? *** Updated as on 1st February, 2016*** On 22.01.2016 the Central Government has made some important changes in the previous Companies (Incorporation) Rules, 2014. These rules may be called the Companies (Incorporation) Amendment Rules, 2016. They shall […]

Procedure/steps for shifting of Registered Office of the Company as per Companies Act 1956

Following is the procedure for Alteration of Situation Clause of Memorandum of Association (MOA) or shifting of Registered Office of the Company as per Companies Act 1956. There could be following different cases which may occur with respect to the change of Registered Office of the Company. 1] Shifting of  Registered office of the company within […]

LLP Form 8 Mandatory Disclosure format download (Micro, Small & Medium Development Act, 2006)

As per the latest “Statement of Account & Solvency Form 8” there is a Mandatory requirement to attach the disclosure under  the Micro, Small & Medium Development Act, 2006 for LLP. Download the Disclosure Format Also see : LLP Annual Filing Form 8  

Statutory Compliance / Formalities after Incorporation of the LLP

Statutory Compliance after Incorporation of the LLP (Limited Liability Partnership) After formation of Limited Liability Partnership, every LLP firm shall be required to comply with following statutory requirements as per LLP Act, 2008 and LLP Rules. A. To maintain financial affairs and file accounts a) To maintain proper books of accounts relating to its affairs for each […]