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Dematerialisation of securities under Companies Act 2013

Under Indian law, shares of an unlisted company may be held either in physical form (i.e., denoted by letters of allotment/share certificates issued against such shares) or in dematerialized form (i.e., with the depository participant by opening an account, “Demat account”). Section 29 (1) and Section 29 (IA) of the Companies Act, 2013 talks…
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Appointment of Directors from backend due to disqualification of all directors

A company has no physical existence, it is merely a legal entity. It can only act through natural persons. The person acting on the company’s behalf is called a Director. They are professional people, hired by the company to direct its affairs. They can also be called – the officers…
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Guidelines on FDI in Information Technology Sector in India

India is the world's largest sourcing destination for the Information Technology (IT) industry, accounting for approximately 67 per cent of the USD 124-130 billion market. The industry employs about 10 million workforce. This large pool of qualified skilled workforce has enabled Indian IT companies to help clients to save USD…
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Complete Guide on Foreign Direct Investment in an LLP (Limited Liability Partnership)

In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals and foreign LLPs (Limited Liability Partnerships) to become a partner in LLP but as per the Foreign Exchange Management Act and regulations and rules, foreign investment in…
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How to Apply for an NGO Darpan Registration in India?

This article iterates the NGO Darpan Registration Process. In India poverty percentage is about 6.5%. The computation of this figure is based on 2019, PPP International Comparison Program. According to the United Nations Millennium Development Goal Programme, 88 million people out of 1.38 Billion people Indian, roughly equal to 6.5%…
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