Why the Startup business needs the Company Registration in India?

According to the Companies Act, 1956, a Company is an association of people which is shaped and registered underneath this Act or any previous agency laws. A organisation is a separate legal entity which isn’t like its shareholders. It is an vital feature of Company that there’s a distinction between humans who have manipulate over the affairs of a Company and the people who absolutely own the startup. Steps to be taken to get a new business enterprise incorporated: Selection of a appropriate call: Select, so as of preference, at the least one suitable name upto a most of six names, indicative […]

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Disposal of Cases and Pronouncement of Orders – Company Registration in Madurai

Disposal of Cases On receipt of an application, petition, appeal of the company etc, the Tribunal, after giving the parties a reasonable opportunity of being heard, pass such orders thereon as it thinks fit: Provided that the Tribunal, after considering an appeal, may summarily disposal the same, for reasons to be recorded, if the Tribunal is of opinion that there […]

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Transfer of Shares of the Company – Company Registration in Madurai

Manner of transfer of shares under sub-section (6) of section 124 to the Fund The shares shall be credited to DEMAT Account of the Authority to be opened by the Authority for the said purpose, within a period of thirty days of such shares becoming due to be transferred to the Fund: Provided that, in case the beneficial owner has […]

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All about Nidhi Company Registration in Madurai

Nidhi Rules, 2014 In exercise of the powers conferred under sub-section (1) of Section 406 read with sub-sections (1) and (2) of Section 469 of the Companies Act, 2013, the Central Government hereby makes the Nidhi Company Rules, 2014, namely:-   Short title and commencement These Rules may be called Nidhi Rules. They shall come into force on the 1st day […]

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Nomination of Majority Directors – Company Registration in Madurai

Section 255(1) of the Companies Act, 1956, which deals with the nomination and appointment of directors and the proportion of those who are to retire by rotation, read as under:- “Unless the articles provide for the retirement of all the directors at every annual general meeting, not less than two-thirds of the total number of directors of a public company, […]

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Appointment of one of your directors to be a Managing Director – Company Registration in Madurai

Do you wish to appoint one of your directors to be a Managing Director 1. A director to be appointed as a managing director would necessarily have obtained the Director Identification Number (DIN) under Section 153 read with section 154 of the 2013 Act [corresponding to section 266 A of the 1956 act]. 2. Convene a Board meeting after giving […]

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Definition of a Company – Company Registration in Madurai

Company [Section 3(1) of Companies Act, 1956] The definition of “Company” in sub-section (1)(1) of section 3 of the 1956 Act, is subject to the other definitions given in other provisions of the 1956 Act for the limited purposes stated therein. In Telesound India Ltd., it was held that though the word companies is generally defined in section 3 of […]

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Minimum Subscription of the Company – Company Registration in Madurai

Requirement as to minimum subscription Section 69 of the 1956 Act prohibits a company from making allotments pursuant to a public issue of capital unless the amount stated in the prospectus as the minimum subscription has been subscribed and the money payable on application in respect of such shares constituting the minimum subscription has been received by company within 120 […]

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Incorporation of a One Person Company – Company Registration in Madurai

Incorporation of a company: Both sole member and nominee shall be natural persons, Indian citizens, and residents in India Only a natural person who is an Indian citizen and resident in India- Shall be eligible for incorporation 0f a one person company; Shall be a nominee for the sole member of a one-person company. The term resident India means a […]

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