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COMPANY LAW

Incorporation of Private Limited Company – FAQ’s

In this competitive corporate world starting a new business as single entrepreneur is not a good idea. Because in case of proprietorship business, liability of business owner is unlimited and they also struggle to get the funds and better human resources. Nowadays, many people are preferring to join a corporate entity instead of joining a proprietorship business. In this article, we will discuss about the FAQ’s related to Incorporation of… Read More »Incorporation of Private Limited Company – FAQ’s

Section-8 Company-Incorporations and Myths

Section 8 companies are those companies which are incorporated with a goal to promote arts, commerce, charity, sports, welfare, environment protection, education, medicines, etc. The company’s income or money raised by doing events, receiving donations can’t be used for paying out dividends among the members of the company. The money raised should be used for the purpose of promotional and charitable. Section 8 companies can get their incorporation certificate from… Read More »Section-8 Company-Incorporations and Myths

Tax Exemptions Available For Startups in India

As per the Section 2(40) of Companies act, 2013, startup means A private company which is registered under company act, 2013 or any previous act Recognized as startup in accordance with DIPP (Department of Industrial Policy and promotions). In order to accelerate prevalence to startup movement in India, Government had announced an action plan known as the Startup India initiative that covers all the aspects of startup ecosystems. The main… Read More »Tax Exemptions Available For Startups in India

Annual Filing One Person Company (OPC)

In India One Person Company is the modern form of business which is proposed by the Companies Act, 2013. It is a hybrid structure which combines most of the benefits of a sole proprietorship and a company from of business. Therefore it does away with the hassles of finding the right kind of co-partner/s for starting a business as registered entity. OPC is a company where there is only one… Read More »Annual Filing One Person Company (OPC)

Understanding the Taxability of ESOP Gains

According to the companies Act, 2013-Section 2(37), ESOP a.k.a. Employees stock option schemes  is an option given to the directors, employees or officers of the company or their holding & subsidiary company, the right to purchase or benefits or subscribe for the company’s shares at the pre-determined price for a future dates. Hence ESOPS are issued to motivate their current employees or directors through giving them stake in the company’s… Read More »Understanding the Taxability of ESOP Gains

Charge and Hypothication under Companies Act, 2013

Charge according to the Companies Act, 2013 – section 2(16) refers to interest creation or a right on a property/asset of a company as a security against loan provided to the company in respect of such interest. Charge is created by Companies who have the requirement of financial assistance to make their companies productive and in doing so creating any right or interest in assets of companies. Charge also includes… Read More »Charge and Hypothication under Companies Act, 2013

Effect of new Rule 12A – Companies (Share Capital and Debentures) Rules, 2014

The term –Ease of Doing Business is popular nowadays and under this ‘Ease of Doing Business (EODB)’ several amendments are being made to the legislative framework for corporates by the MCA (Ministry of Corporate Affairs). In the same spirit MCA has notified Companies (Share Capital & Debentures) Amendment Rules, 2021, making it easier for the companies to close the offer period for Rights Offer within as minimum as 7 days… Read More »Effect of new Rule 12A – Companies (Share Capital and Debentures) Rules, 2014

Updates on Corporate Social Responsibility Amendment Rules, 2021

The MCA (Ministry of Corporate Affairs) has amended the Companies (Corporate Social Responsibility Policy) Rules, 2014 via notification on 22nd January, 2021. It should be noted that the MCA has brought vital changes in the Companies (Corporate Social Responsibility) Rules, 2014 (‘the Rules’) by the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. Ministry of Corporate Affairs has issued Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, in order to… Read More »Updates on Corporate Social Responsibility Amendment Rules, 2021

Procedure for Removal of Director by Shareholders

The main role of a director /manager of any company is to manage a firm in such a way as to maximize the benefits to its shareholders, whilst ensuring that the company reckons with all applicable laws, rules & regulations. A director in the firm plays a vital role. He/she is liable for executing and determining the company’s policy. Apart from this, there are several critical operations that directors are… Read More »Procedure for Removal of Director by Shareholders

How to Apply for Directors’ Disqualification without Reviving Strike-Off Company?

Disqualification of directors can refer a situation in which a person is restricting from holding the office of director in any company. Under disqualification, a person cannot be appointed as a director in any company in a specified time period. Before going to details first you need to understand the term Director of the company. A Director can be any person who acts on behalf of the company as the… Read More »How to Apply for Directors’ Disqualification without Reviving Strike-Off Company?