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DISTINCTION BETWEEN A PUBLIC COMPANY AND A PRIVATE COMPANY Following are the main points of Distinction between a Public and a Private Company:- Minimum Paid-up Capital : A company to be Incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000, whereas a Public Company must have... read more →

DIFFERENCE BETWEEN PRIVATE LIMITED COMPANY VS LLP While starting up a company one has to decide which business organization they want to incorporate and carry on. The choice of business organization is very important to give shape to your business motive. Here, if one has to choose between the Private limited... read more →

REDUCTION OF SHARE CAPITAL In this article, it is discussed about “Reduction of Share Capital” and its procedure under section 66 of the Companies Act, 2013 in line with NCLT Rules, 2016 and recent case law. On 07th December, 2016, Ministry of Corporate Affairs (MCA) has vide its Commencement Notification notified various... read more →

PROCESS OF REGISTRATION AS LLP Step 1: Obtain DSC Step 2: Apply for DIN Step 3: Name Approval Step 4: Incorporation of LLP Step 5: File LLP Agreement STEPS TO FORM A LIMITED LIABILITY PARTNERSHIP Step 1: Digital Signature Certificate (DSC) Before initiating the process of registration, you must apply for the digital signature of the... read more →

APPOINTMENT OF DIRECTORS Day-to-day affairs of a company are run by its directors and employees. The companies act recognizes the board of directors and key managerial personnel in the company as the persons responsible to execute the activities of the company. The Companies Act, 2013 fixes the minimum and maximum... read more →

CERTIFICATE OF COMMENCEMENT OF BUSINESS Introduction It was mandatory for all companies to obtain a certificate of commencement of business under the Companies Act, 2013.  It was a compulsory provision for private companies with a share capital. The registrar of the joint stock companies issues the certificate. The certificate of commencement... read more →

ADVANTAGES OF PRIVATE LIMITED COMPANY Private Limited Company can be formed with a minimum of two members; this number can be extended up to two hundred members. A minimum of two directors is needed which can go up to fifteen. This form of business shares many similar traits with partnership... read more →

ROC FILING Every company is required to file the Audited financial statement and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting date. Filing of Audited financial statement is governed under Section 129 and 137 of... read more →

KYC OF DIRECTORS After allotment of Director Identification Number (“DIN”), there are possibilities of change in director’s particulars filed with Ministry of Corporate Affairs (“MCA”). Though there are provisions about intimation of such change, but persons usually fails to make such compliance. Therefore, for the purpose of regular updation of... read more →