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Government to Allow Companies with Secured Loans to Convert into Limited Liability Partnerships!

With the companies being too much dynamic in their approach towards development, the Government now posts a better and a much flexible option assisting such companies by way of allowing the same to be rehabilitated into limited liability partnership firms even with the presence of secured loans which are outstanding at the moment. The cause is supported by the Ministry of Corporate affairs which states that the companies who have secured loans attached to them .....

Company Law: Companies (Name Availability) Rules, 2011

COMPANIES ACT – RULES/REGULATIONS Company Law : Companies (Name Availability) Rules, 2011 In exercise of the power conferred by clause (a) of sub-section (1) of section 642 read with sections 20 and 21 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following Rules: 1.(i) These Rules may be called “Companies (Name Availability) Rules, 2011”; (ii) It shall come into force on such date as the Central Government may, by .....

How to Form a Company in India

The following steps are required to form a company (private or public) in India. Get ‘name availability’ from Registrar of Companies (ROC). Draft and execute Memorandum & Articles of Association and other documents. Pay duties and fees File Memorandum & Articles of Association and other documents with ROC Represent with ROC for any reservations or comments he may have Procure incorporation certificate from ROC. Subscribe to the agreed share capital of the company Obtain commencement .....

Department’s Guidelines for Deciding Cases for Availability of Name

Department’s guidelines for deciding cases for availability of names* Superseding all previous Circulars and Instructions (Circular Letter No. 10(1)–RS/60, dated 01-04-1960 and Circular Letter No. 10 / (19)-RS/61, dated 15-03-1962) the Department of Company Affairs has laid down the following principles for deciding cases for availability of names: Guiding instructions for availability of names The procedure for scrutinizing the availability of names of new companies has recently been re-examined carefully in this Department, having taken .....

Revision of Form No. 1 and Form No. 32, (Companies General Rules and Forms) effective from 05-12-2010.

Companies (Central Government’s) General Rules and Forms (Third Amendment), 2010-Revision of Form No. 1 and Form No. 32, effective from 05-12-2010. MINISTRY OF CORPORATE AFFAIRS New Delhi, the 15th October, 2010 G.S.R 848(E).-In exercise of the powers conferred by sub-section (I) of Section 642 read with Section 6 IOB of the Companies Act, 1956, the Central Government hereby makes the following rules further to amend the Companies (Central Government’s) General Rules and Forms, 1956, namely:- .....

Revision of Form DIN-1 and Form DIN-3, effective from 05-12-2010

Companies (Director Identification Number) Rules 2006, (Amendment),2010-Revision of Form DIN-1 and Form DIN-3, effective from 05-12-2010 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th October, 2010 G.S.R. 849(E).-In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of Section 642 read with Sections 266A, 2668 and 266E ofthe Companies Act, 1956 (1 of 1956) the Central Government hereby makes the following rules further to amend the Companies (Director Identification Number) .....

Taxing Dividend in Company’s Hands is Unfair to Small Shareholders

Today the world witnesses India as a developing country, which has a huge disproportion in the income distribution between the Elite class and the poor. Being a developing country, every year the government requires a considerable amount to finance its social obligations and to bring about the desired balanced growth across the country. If given a precise thought, the present system of tax-free dividend of the companies can adverse such efforts of the government as .....

MCA’s Guidelines for Deciding Cases for Availability of Names

MCA’s guidelines for deciding cases for availability of names Superseding all previous Circulars and Instructions (Circular Letter No. 10(1)–RS/60, dated 01-04-1960 and Circular Letter No. 10 / (19)-RS/61, dated 15-03-1962) the Department of Company Affairs has laid down the following principles for deciding cases for availability of names: Guiding instructions for availability of names The procedure for scrutinizing the availability of names of new companies has recently been re-examined carefully in this Department, having taken .....

MCA’s Guidelines for filing Annual Return for Financial Year 2009-10

MCA’s Guidelines for filing Annual Return for Financial Year 2009-10 TO AVOID LAST MINUTE RUSH AND SYSTEM CONGESTION IN MCA21 DUE TO HEAVY FILING IN LAST 10 DAYS OF THE MONTHS OF OCTOBER AND NOVEMBER 2010, IT IS REQUESTED THAT FILING OF ANNUAL RETURN AND BALANCE SHEET MAY BE DONE IN THE FOLLOWING ORDER:- Company Names starting with September 2010 October 2010 November 2010 Alphabets A to D All days during the month 1st Oct .....

How to Form a Private Limited Company in India

As you reach this article how to form a private company means you want to go through the basic and step by step guidelines to set up a private limited company. We will discuss in this article various formalities associated with company formation. There are lots of advantages of a private company over a partnership firm as it is a separate legal entity, limited liability of members, equitable distribution of profits, tax benefits. We will .....