Category Archives: Companies Affair

Company affairs policy,valuation under companies act,companies act 2013

When all directors are disqualified – How to appoint a new director

When all directors are disqualified – How to appoint a new director While there is confusion prevailing over What next after disqualification of Directors- How to appoint a new director ? MCA is yet to come out with any official clarification on it. There are many companies which are affected due to the steps were […]

Key Financial Statements of a Business

The Key Financial Statements of a Business Understanding Financial Statements of a Company Would you like to do business without an idea of where it’s going? It’s like shooting without aiming. Even if you believe that your business is doing great, and your earnings are going up, you need financial statements. The objective of financial […]

MCA Limits Layering of Subsidiaries by Companies

MCA Limits Layering of Subsidiaries by Companies The Ministry of Corporate Affairs (‘MCA’) on September 20, 2017 notified the proviso to Section 2(87) of the Companies Act, 2013 (‘Act’) and the Companies (Restriction on the number of layers) Rules, 2017 (‘Layering Rules’). Prior to said notification, the restriction on the numbers of subsidiaries as specified […]

Government plans to make PAN the business Aadhaar for companies,NGOs

Government plans to make PAN the business Aadhaar for companies, NGOs After debating since the months, the government is now moving to make Permanent Account Number (PAN) the Aadhaar for business Aadhaar for companies as well as non-government organisations as it looks to close possible gaps for generation of black money. The ministry of corporate […]

ANNUAL GENERAL MEETING – HOW TO CALL

ANNUAL GENERAL MEETING – HOW TO CALL Annual General Meeting Section 96 of the Companies Act, 2013 provides that every company other than a One Person Company shall hold a general meeting every year as its annual general meeting. This meeting is in addition to any other meetings conducted by the Company. More than fifteen […]

LLP registration in India

LLP registration in India The whole idea of Limited Liability Partnership (LLP) is very common in India. This specific partnership pinpoints the fact that some partners in a partnership may have limited liabilities. Importantly, under LLP one partner is not responsible or liable for another partner’s misconduct or in any negligence. One can definitely say, […]

Nidhi Company – Provisions as per Companies Act 2013

Nidhi Company – Provisions as per Companies Act 2013 ‘Nidhi’ means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with such rules as are […]

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