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Category Archives: Compliance

Annual Compliance for Private Limited Company

Annual Compliance Checklist for Private Limited Company – Companies Act 2013

Ensuring compliance with the Companies Act 2013 is essential for the seamless operation of a Private Limited Company. An annual compliance checklist serves…
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Scope of Secretarial Audit

Scope of Secretarial Audit: Key Checks and Important Documents

Secretarial audits are an important part of corporate governance because they make sure that a company is following the rules and laws that…
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Private Limited Company

Know About the Compliances for Private Limited Companies in Delhi?

  Delhi is a bustling capital city of India, and running a Private Limited Company means coming up with a bundle of opportunities and…
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Board Meeting – Meaning, Quorum, Notice, and Requirements

Board Meeting – Meaning, Quorum, Notice, and Requirements

The Company's Director may call a Board meeting at any moment. On the Director's request, any individual authorized by the Board to convene…
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Legal Due Diligence

Legal Due Diligence: A Complete Checklist

How do businesses ensure their investments and transactions are secure from legal risks? Enter "Legal Diligence Checklist." This essential tool serves as a…
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Drug License in Sikar

Punishment For Selling Medicines Without A Drug License in Sikar

The Drug License Process in India is easy but time-consuming. The Drug License Process must be followed to launch a pharmaceutical firm. The…
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Filing of Financial Statement with Registrar

Filing of Financial Statement with Registrar

Have you ever wondered how companies reveal their financial secrets to the world? The answer lies in the process of filing financial statements…
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Due Diligence Process: Unveiling the Pillars of Informed Decision-Making

In the world of business and finance, the term "due diligence" holds significant importance. It refers to the meticulous process of conducting research,…
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Appointment Of Nominee Director

Appointment Of Nominee Director: A Complete Overview

  The role of appointment Of Nominee Director is an important aspect of corporate governance and is integral to ensuring the smooth running…
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Penalty for not Taking NOC Fire Department Sikar

Penalty for not Taking NOC Fire Department Sikar

In the vibrant city of Sikar, Rajasthan, failing to obtain a Fire NOC (No Objection Certificate) and fine for not obtaining NOC by…
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MSME Compliances

All you need to know about MSME Compliances

The Ministry of Micro, Small, and Medium Enterprises (MSME) was approved in India in 2006. Enterprises in the manufacturing sector and enterprises in…
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Form MGT 7

Form MGT 7: What is it, Purpose and who can use it?

In the world of corporate governance and regulatory compliance, companies are required to submit various forms and reports to ensure transparency and accountability.…
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Incorporation of Company In Punjab

Procedure For Incorporation of Company In Punjab: Explained

Company incorporation in Punjab refers to the process of legally establishing a business entity in the state of Punjab in India. Punjab is…
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Post Incorporation Compliances of LLP

Post Incorporation Compliances of LLP And Closure of LLP in Rajasthan

LLP stands for Limited Liability Partnership, which is a type of business structure that combines the features of a partnership and a limited…
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Legal Obligations & updates for March 2023

Monthly (March 2023) Legal Obligations + Legal updates for India

As we approach the month of March 2023, it is important for businesses and individuals in India to stay up-to-date with their legal…
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Process for Filing of FC-GPR with RBI

Process for Filing of FC-GPR with RBI

When a company receives foreign investment, form FC-GPR is issued by the Reserve Bank of India (RBI). Accordingly, the company will issue shares…
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Compliance for Related Party Transactions

Synopsis of Compliance for Related Party Transactions

Any contract or arrangement entered into with a related party is deemed to be a related party transaction under the Companies Act, 2013.…
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ROC Compliance Calendar 2022-23

ROC Compliance Calendar 2022-23 in India: A Guide for Companies

In India, companies are required to comply with various regulations and laws under the Companies Act, 2013. The Registrar of Companies (ROC) is…
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Relaxation on EGMs & Postal Ballots

Relaxation for conducting EGMs & Postal Ballots

Do you know holding an annual general meeting is an annual procedure that every company must follow? The Ministry of Corporate Affairs (MCA)…
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Compliance Calendar for February 2023

All about the Compliance Calendar for February 2023

If you're about to start a business, you've probably stumbled across the word "compliance" many times. Compliance is one area that no business…
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Annual Filing of LLP

Annual Filing of LLP- Form 8, Form 11

An LLP in India has to file its annual return compulsorily. Unlike companies, LLPs must mandatorily maintain their financial year from 1 April…
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Appointment and Removal of Directors

Addition and Removal of Directors under Companies Act, 2013

Directors are the organization’s top decision-makers. In addition to serving as a trustee, agent, employee, and officer of the corporation, a director also…
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Application For KYC Of Directors

All about form DIR-3 KYC Application for KYC of Directors

If you have been allotted a Director Identification Number i.e. DIN, the DIN holder must submit a DIR-3 KYC every year. KYC of…
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SEBI Compliance calendar

Periodical SEBI Compliances

The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 apply to all registered companies having recognized securities listed…
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FC-GPR Filing

Foreign Currency Gross Provisional Return (FC-GPR)

When a company receives FDI through equity investment, the company allots shares to the foreign investor and there is a basic reporting requirement…
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DIR-3 KYC on MCA V-3 Portal – FAQs

A Director Identification Number (DIN) is a unique identification number assigned to a person who wishes to become or is already a corporation…
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Due Dates of Filing ROC Annual Return for FY 2021-22

Have a glance at the Due Dates for Filing the ROC Annual Return for FY 2021-22

The ROC i.e. Registrar of Companies requires all companies registered in India to file certain forms every year. Regardless of their structure, businesses…
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20 checklist points for Company Audits Finalization

20 checklist points for Company Audits Finalization

The Ministry of Corporate Affairs (MCA) has introduced amendments in Schedule III to the Companies Act, 2013 vide its notification G.S.R. 207(E) dated…
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Legal Compliances of Fixed Assets Management

Legal Compliances of Fixed Assets Management

A fixed asset is an asset, often but not exclusively a physical asset, that is purchased for long-term use and is unlikely to…
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Mandatory website disclosures under the Companies Act

Disclosure on the website by Public Unlisted Company

The Companies Act 2013 mandates that certain information be published on a company's website. Information like company name, registered office address, company identification…
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Compliances for the Month of November 2022

Key Regulatory updates for the Month of November 2022

Taxpayers in India are required to adhere to the Indian government's recommended tax compliance. Such compliance also entails following the GST Return filing…
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Tax Compliance Calendar for November 2022

Statutory and Tax Compliance Calendar for November, 2022

There are two sorts of Indian Taxes: Direct Taxes and Indirect Taxes. During a fiscal year, direct taxes are charged on the revenue…
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Latest Legal Obligations & updates in India

Mandatory Legal Obligations for Companies in India

For any entrepreneur, managing the day-to-day operations of their company while also adhering to corporate regulations may be a bit difficult. Therefore, it…
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FDI in Broadcasting Media & Civil Aviation

Do you know about the Conditions for FDI in Broadcasting, Print Media & Civil Aviation?

Foreign Direct Investment is the main engine of economic growth and a source of non-debt financing for the country's economic development. The FDI…
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Secretarial Standard-1 on Board Meetings

Secretarial Standard-1 on Board Meetings

It is crucial to adhere to secretarial standards in the meeting's processes and in topics related to them since company law provisions are…
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What is Retirement of Directors by Rotation?

All you need to know about Retirement by Rotation

The Companies Act, 2013 (the Act) emphasizes flexibility and rigidity in the composition of the board of directors (boards). Flexibility hereby refers to…
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Composition of Board of Directors Under Company Law

What everyone ought to know about the Composition of the Board of Directors under SEBI LODR

Section 149 of the Companies Act of 2019 regulates the composition of the board of directors. In the case of a public company,…
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Mandatory Compliances for Limited Liability Partnership (LLP)

Compliances Applicable on Limited Liability Partnership (LLP)

A Limited Liability Partnership is a globally recognized business entity. It was introduced in India by the procedure under the Limited Liability Partnership…
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Clarification on spending of CSR funds for Har Ghar Tiranga

Clarification on spending of CSR funds for ‘Har Ghar Tiranga’

'Har Ghar Tiranga' is a campaign organized by Azadi Ka Amrit Mahotsav to encourage people to carry the Tiranga home and hoist it…
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appointment of auditors

Appointment of Auditor, Casual Vacancy, ROC Filing, First Auditor Appointment

Any person who is a chartered accountant can be appointed as an auditor of the company. In the case of a firm where…
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ESOP of an unlisted company

ESOP by an unlisted public company and private company

An employee stock option plan (ESOP) is a frequently used incentive mechanism used by organizations. There are various reasons why company employees are…
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Appointment of Director in a Private Limited Company

Appointment of Director in a Private Limited Company

A Company Director is a person appointed by shareholders to manage company affairs following MOA and AOA. Since the company is an artificial…
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Strike off of Companies

Strike off of Companies – Voluntary Removal

Striking off a company name is another way to shut down a company's operations. The Registrar of Companies (‘ROC’) may issue a notice…
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Compliances under Companies Act 2013

Compliances under Companies Act, 2013 and SEBI (LODR) Regulations

Are you concerned about compliances or want to learn more about what compliances under the Companies Act, 2013 and SEBI (LODR) Regulations are? This…
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Purpose and Importance of XBRL

Purpose and Importance of XBRL

  XBRL is the language of electronic communication of business and financial data that transforms business reporting around the world. It offers great…
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Post Incorporation Compliances for Companies

Post Incorporation Compliances for Companies

Once a company has merged, there is a set of compliance procedures that must be completed to maintain compliance with the Companies Act,…
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Private Placement of Shares

Private Placement of Shares/Securities – Companies Act, 2013

  Section 42 of the Companies Act, 2013 provides that a company may be able to create a private placement for a particular…
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Audit of a Small Company

Audit of a Small Company

Although auditing is often regarded as stressful, a wealth of valuable information can be gleaned from these financial tests. Internal and external audits…
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Annual Compliance for Section 8 Companies

Annual Compliance for Section 8 Companies in Jaipur

As provided for in the Companies Act of 2013, every company registered under the Companies Act 2013 or previous rules whether a private…
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Due Dates of Filing ROC Forms for the Month of June 2022

Due Dates of Filing ROC Forms for the Month of June 2022

When one fiscal year finishes and a new one begins, it serves as a reminder to all company’s registered in India to mark…
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Event based compliances as per Companies Act 2013

Event based compliances as per Companies Act, 2013

Hey are you worried about compliances or you want to gain some valuable knowledge about, what are compliances under Companies Act, 2013? In…
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Corporate Social Responsibility (CSR) in India as per Companies Act 2013

Corporate Social Responsibility (CSR) in India as per Companies Act 2013

Corporate Social responsibility (hereinafter referred as ‘CSR’) is an initiative laid down mandatory for every company that falls under the provisions prescribed by…
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Annual Compliances for FY 2022-23 W.R.T ROC & RBI

Annual Compliances for FY 2022-23 W.R.T ROC & RBI

Companies and LLPs in India must comply with the yearly filing requirements stipulated in the Companies Act, 2013 and the Limited Liability Partnership…
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First Board Meeting of Company Post Incorporation

General Agenda items for First Board Meeting of Company Post Incorporation

Nowadays, a lot many companies are getting incorporated quite successfully with different objectives in the form of public, private, or any other thing…
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ROC Compliance under Companies Act 2013 for Financial Year 2022-2023

ROC Compliance under Companies Act, 2013 for Financial Year 2022-2023

Companies and LLPs operating throughout India are required to follow the yearly filing requirements outlined in the Companies Act, 2013 and the Limited Liability…
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Composition of the Board of Directors of a Listed company in India

Composition of the Board of Directors of a Listed company in India

A board of directors is a panel of people elected to represent shareholders.  The board is in charge of protecting shareholders’ interests, establishing…
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Ordinary Business & Special Business – Companies Act, 2013

  The executive board makes decisions and determines actions on behalf of a company in the corporate world. But how will this function…
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Annual ROC filings Form wise Due Dates and applicable Sections

Annual ROC filings- Form wise Due Dates and applicable Sections

It is necessary for all companies to furnish their annual accounts and file their annual returns as per the Companies Act, 2013. However, all…
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Procedure to Convert Section 8 Company into a Private Limited Company

Procedure to Convert Section 8 Company into a Private Limited Company

The notion of non-profit corporations is present under Section 8 of the Companies Act, 2013. Non-Profit Corporations are not a new concept in…
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Process for Change of Registered Office from One State to Another

Process for Change of Registered Office from One State to Another

Within 30 days of its incorporation, a corporation must have a registered office. In the Memorandum of Association (MOA) and Articles of Association,…
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All about CSR Reporting- CSR-2 as “A New Beginning”

All about CSR Reporting- CSR-2 as “A New Beginning”

We live in a dynamic world that is becoming complex. Environmental, social, cultural, and economic challenges on a global scale have now become…
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Modes of Winding Up of a Company as per Companies Act

Modes of Winding Up of a Company as per Companies Act

Section 361 of the Companies Act, 2013 specifies a short process for the dissolution of corporations. The Central Government appoints an Official Liquidator…
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Annual Return on Foreign Liabilities & Assets under FEMA

Annual Return on Foreign Liabilities & Assets (FLA Return) Under FEMA

All business organizations that already gain Foreign Direct Investment (FDI) or undertaken International Capital overseas with in preceding year along with the existing…
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Board of Directors Report under Companies Act 2013

Board of Directors Report under Companies Act 2013- Contents of Report

Financial reporting is required for businesses since it offers information on a company's current state as well as its compliance with financial, corporate…
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Resignation of Director under Companies Act 2013

Resignation of Director under Companies Act 2013

A director may resign from his office by giving written notice to the Company, and upon receipt of such notice, the Board shall…
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Form INC-20A “Declaration for Commencement of Business”

Must Known Facts of Form INC-20A “Declaration for Commencement of Business”

The Companies (Amendment) Ordinance 2018 requires all companies registered on or after November 2, 2018, to file a certificate of the beginning of…
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Procedure and key Goals Form to be filed to ROC in case of Rights Issue

Form to be filed to ROC in case of Rights Issue – Procedure and key Goals

Additional capital shares are issued through Right Issue to raise subscribed share capital of a registered company. Instead of offering shares to the…
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15 businesses at Shareholders Meeting which can be transacted

15 businesses at Shareholders Meeting which can be transacted

The purpose of an Annual General Meeting (AGM) is for the company's management and shareholders to engage. The Companies Act, 2013 mandates the holding…
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An Analysis of Input Tax Credit concept under GST

An Analysis of Input Tax Credit concept under GST

When you acquire a product or service from a dealer, you must pay sales taxes. You collect this tax when you sell. You adjust…
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Issue of Privately Placed Non-Convertible Debentures by Unlisted NBFCs

Issue of Privately Placed Non-Convertible Debentures by Unlisted NBFCs

Funding is essential for a company to not only invest and expand but also to run its day-to-day operations. When a firm needs…
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Appointment of Auditor in Casual Vacancy in an OPC

Appointment of Auditor in Casual Vacancy in an OPC

A One Person Company (OPC) is a one-person company that is formed under the Companies Act of 2013 and is fully managed and…
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Handy Compliance for Overseas Direct Investment in India

Handy Compliance for Overseas Direct Investment in India

Overseas Direct Investment (ODI) is a type of investment that is made outside the Indian Territory by Indian companies with foreign entities. It…
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Change in Directors of Company- Resignation, Removal, Appointment

Change in Directors of Company- Resignation, Removal, Appointment

The board of directors is the supreme authority in charge of a company's management and control. They have a fiduciary duty to the…
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7 Ways through which NGOs can get CSR Funds for their Projects

7 Ways through which NGOs can get CSR Funds for their Projects

What is CSR? Corporate Social Responsibility or CSR is a managerial theory wherein corporate houses acknowledge their social and environmental responsibilities and incorporate…
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Procedure for Conversion of Private Limited Company into LLP

Procedure for Conversion of Private Limited Company into LLP

On account of its flexibility, compliance, tax, and performance, LLP can be useful for small and medium-sized businesses, in general. Internationally, LLPs are…
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MCA Due Dates for FY 2020-21 (ROC Compliances)

Ministry of Corporate Affairs (MCA) regulates companies as well as LLPs in India. Both these entities should do e-filing as per requirements given…
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Compliance’s of Directors under Companies Act, 2013

The main authority that controls the operations of a company is the team of directors. This team of directors is commonly known as…
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What is the Documents Requirement for Director KYC?

A company is an artificial person which gets acted and represented by the appointed members to act upon on behalf of the company.…
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Key Compliances for the Month of October 2021

It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings…
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XBRL Returns Applicability to ND-NSI Category of NBFCs

All the commercial banks, financial institutions, authorised foreign exchange dealers and non-banking financial institutions are required to file returns. These return formats are…
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Appointment of KMP in a Company : Section 203 of the Companies Act, 2013

The Companies Act,2013 has introduced the concept of KMP (Key Managerial Personnel). This concept is basically for bringing all the heads into one…
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Loan to Directors under Section 185 of Companies Act, 2013

It is said that shareholders are owners of the company. However, in reality it is the Board of Directors who exercise great control.…
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Conversion of Section 8 company Into Any other Company

The concept of non-profit organizations came in the early 19th century. In India, non-profit organizations are covered under section 8 of the Companies…
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Concept of Resolution under Companies Act 2013

In Companies, major decisions are taken by the board of directors. These decisions are in the form of resolution. A resolution is an…
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How to Change Name of a Company

How to Change Name of a Company

How to Change Name of a Company Company is a separate legal entity in the eyes of law, an…
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How to inform MCA/ROC in case of death of a partner in LLP?

LLP or limited liability partnership is a type of partnership firm which have features like a company. It is just like a partnership…
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Consequences of Not Filing a Declaration for Commencement of Business in e-Form INC-20A

Form INC-20A is a declaration form that is to be filed by the directors of the company at the time of commencement of…
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What is Legal Compliance Reporting? Read on to find out

The word Compliance means to comply with the prescribed rules, regulations, laws and standards that are applicable to a Company or businesses. Confirming…
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