Category Archives: Company Law Compliance

Company Law

Loan to Directors In Private Limited Company (Amendments)

Loan to Directors In Private Limited Company

Loan to Directors In Private Limited Company (Amendments) Companies are formed by the promoters who intern become the directs understanding Loans to Directors under the companies act is very cirtical Loans to Directors is governed by Section 185 of the Companies Act 2013, which was amended by the Companies ( Amendment ) Act 2017. This […]

RoC Filing changes in disclosures for OPC and small companies

RoC Filing changes

RoC Filing changes in disclosures latest amendments The Ministry of corporate affairs vide CIRCULAR DATE 31ST JULY 2018, has introduced  RoC Filing changes in disclosures latest amendments for Small companies and One person companies in their Boards Report the complete changes are discussed below in detail What is RoC filing ( Annual Filings)? RoC filing is the process of […]

DORMANT COMPANY UNDER COMPANIES ACT 2013 A STEP BY STEP GUIDE

DORMANT COMPANY

DORMANT COMPANY UNDER SECTION 455 OF COMPANIES ACT 2013 According to section 455 of Companies Act, 2013 Dormant Company is an inactive company which has not been carrying any business or has not made any significant accounting transaction in the last two financial year s. Such companies may make an application to the Registrar for […]

WHAT IS DIRECTOR IDENTIFICATION NUMBER (DIN) ? – Virtual Auditor

DIN

DIRECTOR IDENTIFICATION NUMBER (DIN) 1. What is DIN? DIN Stands for DIRECTOR IDENTIFICATION NUMBER DIN is a unique Director identification number allotted by the Registrar of Companies It is an 8-digit unique identification number which has a lifetime validity. Legal Provision for issuance of DIN is under Section 153 of the Companies Act 2013& Rule […]

What does Authorised Capital and Paid Up Capital mean ?

authorized-capital-paidup-capital-

What does Authorised Capital and Paid Capital mean? What does Authorised Capital and Paid Capital mean In Company Law, the “Capital” is the share capital of a company (a) Authorised Capital: This is also known as  Nominal Capital or Registered Capital, which is the maximum capital that can company can issue shares , This amount lays down the […]

Share Certificate- Meaning And Procedure To Issue under Companies Act 2013

Share Certificate

Share Certificate- Meaning And Procedure To Issue What is a share certificate? A share certificate is a certificate issued to the members by the company under its common seal specifying the number of shares held by him and the amount paid on each share. According to Section 45 of the Companies Act, 2013 each share […]

NOTICE OF STRIKE OFF(LLP) HOW TO RESPOND

Strike off Notice

UNDERSTANDING NOTICE OF STRIKE OFF(LLP) AND REMEDIES AVAILABLE You have started your LLP and have started running it, without fully understanding the compliance requirements and one fine day you receive a NOTICE OF STRIKE OFF(LLP) for your LLP Do you know how many LLP’s have received notice of NOTICE OF STRIKE OFF(LLP)? Well, more than 3000 […]

HOW TO REPLY TO STRIKE OFF NOTICE ?

ROC STRIKE OFF NOTICE u/s 248(1)

HOW TO REPLY TO STRIKE OFF NOTICE ISSUED BY ROC? You have started a private limited company and started your business or you were thinking about executing a project in the future, suddenly one fine day you receive a letter and mail captioned STRIKE OFF NOTICE u/s 248(1) from ROC Do you know how many […]

DIRECTOR RESIGNATION A STETP BY STEP GUIDE

DIRECTOR RESIGNATION A STEP BY SETP GUIDE FOR RESIGNING DIRECTOR AND THE COMPANIES COMPLIANCE So you’ve or your partner director have decided to hang up the boots and resign as a director , an instance of unexpected director resignation You took the time to decide and make this tough decision. After long and grueling months […]

Understand Director Disqualification and ways To Become A Director Again Before You Regret.

Understand Director Disqualification and ways To Become A Director Again Before You Regret. Guess how many Companies were struck off by RoC (Registrar of Companies) and how many director disqualification actions were taken Any ideas? Well, Ministry of Corporate Affairs has disqualified more than 3 lakh directors from acting as directors in a company and […]