DIR-3 KYC Compliance Updated as on 01.04.2020 The person who holds DIN (Director Identification Number) for the purpose of appointment of director in any Company or LLP or OPC (One Person Company) needs to submit his/her ID and Address proof again in a separate form which is termed as DIR-3 KYC in case of changes […]
Simplified Proforma for Incorporating Company Electronically Plus (SPICe+)
Simplified Proforma for Incorporating Company Electronically Plus (SPICe +) ** Updated as on 1st April, 2020 *** “[Pursuant to sections 4, 7, 8(1), 12, 152 and 153 of the Companies Act, 2013 read with rules made thereunder. As per the Companies (Incorporation) Amendment Rules, 2020, Changes have been made in existing rule 9. With effect […]
Procedure of Company Formation (Private Limited Company), in India
Step by step guide to Formation / Registration / Incorporation of a Private Limited Company, in India. An Easy Way of Incorporating a Company in India using “SPICe” Form As you must be aware that for incorporating a private limited company with minimum two members and two director or One person company having one director […]
Compliance applicable for May and June 2019
List of Compliance as per Companies Act 2013 for May and June 2019. Every Indian company needs to comply certain requirements as per Companies Act 2013. These Compliance are applicable to Public Limited Company Private Limited Company One Person Company (OPC) Click here to see the List of Compliance
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 of every year with Registrar of Companies. What is Form 8 ? It is the declaration given by all Designated Partners of LLP that whether they are able to pay its debts in full as they become […]
One Person Company (OPC) Compliance and Annual Filing
ONE PERSON COMPANY- Annual Compliance Regarding Holding of Board Meeting, Annual General Meeting & Filing of Financial Statements Meetings of Board {Section 173(5)} At least one meeting of the Board of Directors to be conducted in each half of a calendar year Gap between the two meetings should not be less than ninety days Exemption […]
One Person Company (OPC) FAQ’s
Frequently Asked Questions (FAQ’s) on One Person Company (OPC) Based on the questions raised by my Clients, I have collated below list of FAQ’s on OPC. Q1. What is a One Person Company? Ans. As per Section 62 of Companies Act, 2013, One Person Company means a company which has only one person as a member. […]
Conversion of One Person Company to a Private Limited Company
A Little Background .. A “One Person Company” (OPC) is a company which has only one person as its Member. Only a natural person who is a citizen and resident of India – Shall be eligible to incorporate a One Person Company (OPC) Shall be nominee for the sole member of the One Person Company. […]
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 […]
Extension for filing of e-form ACTIVe/INC-22A (KYC of Companies) till 15.06.2019
Did you file Company KYC (e-form ACTIVe / INC-22A) yet ? If not, then there is an extension received from the Central Government on 25th April, 2019. As per Notification dated 25th April 2019, the Government has provided extension for filing e-form ACTIVE (i.e. Company KYC) on or before 15th June 2019. As per Companies […]
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 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 […]
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 […]
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 […]
Importance of Annual filing with RoC for a Private Limited Company
Importance of Annual Filing with RoC for a Private Limited Company 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 dates. Please check the Note on “How to calculate […]
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 […]
How to verify if a Company is Registered with RoC / MCA / Government?
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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 […]
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 INC-22 (Situation of Registered Address of the Company) and Shifting of registered office of the company.
Procedure for change of Registered Office of the Company within same city/ town/ village As per Section 12(4) and Rule 27 of Companies (Incorporation) Rules, 2014, if the company wants to shift the registered office of the company from one place to another within same city or town or village, it shall be required to […]
Companies Bill 2012
Companies Bill 2012 Download the Companies Bill 2012, as presented to the Parliament. Download the Corrigendum (list of errors) to the Companies Bill 2012.
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 is 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 year […]
Statutory Compliance / Formalities after Incorporation of Private Limited Company
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A list of formalities/other activites to be carried out immediately after Incorporation of the Private Limited Company as per Companies Act 2013. According to the New Companies act, 2013, after incorporation of the company, every company shall be required to follow the provisions of the Companies Act. Following are the Post-incorporation formalities / requirements to […]
Procedure of LLP (Limited Liability Partnership) Formation
Step by step procedure of LLP (Limited Liability Partnership) Formation, in India. Step 1: Apply for DIR-3 (Director Identification Number) We have to apply for obtaining DIR-3 (Director Identification Number) of proposed Designated Partners. We need to attach following documents self attested by an applicant alongwith DIR-3 Form:- In case of Indian applicant – 1 passport […]