Any LLP can close down its business by adopting any of the following two ways: (A) Declaring the LLP as Defunct In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to …
A company can be closed by adopting the following ways:- (A) Strike off a company under Section 560 : Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register of Registrar of company can apply in Form …
An Object is a important thing that is specified during the incorporation of the company in the Memorandum of Association. In certain cases there would be a need to change in the objective of the company. The objective can be in short termed as object in documentation for the Incorporation. The Memorandum of Association (MOA) …
Shareholders are the true owners of the Company and they are free to transfer their shares at any point of time. Private Limited Company has restriction clause in its Articles of Association and cannot invite public to subscribe its shares, on the other hand transferring of shares in Public Companies and Listed Public Companies is …
A company upon its incorporation records the foundation upon which it is built – its objectives, founding members and importantly its Increase Authorized Share Capital in its charter documents. The Companies Act, 2013 (Act) defines “authorized capital” or “nominal capital” to mean the maximum amount of share capital, as authorized by the company’s memorandum i.e. …
A company is a legal entity and does not have any physical existence. It can act only through natural persons to run its affairs. The person, acting on its behalf, is called Director. A Director is any person, occupying the position of Director, by whatever name called. They are professional men, hired by the company …
Registered office is the official address of an incorporated company, association or any other legal entity. Every business entity has a principal place of business activities, which in case of partnership or other business form, is called its head office and in case of a company it is called its registered office. The address of …
The name of a company is regarded as the identity of a company, both public and private. The Memorandum of Association (MoA) of the company consists of the name clause of the company; hence change in name ultimately results in the alteration of the MoA. The name that is adopted at the time of incorporation …
ROC Filing Every company is required to file the annual accounts and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting. The ROC filing of annual accounts is governed under Section 129(3), 137, of The Companies Act, 2013 read with Rule …
