Skip to main content

Posts

Showing posts from 2016

Company registration prospectus under companies act 1956

Company registration prospectus of section (60) The registration of prospectus of a company under section (60) of the companies act 1956 in a registration prospectus. There is no prospectus is expressed by a company or an intended company unless the date of its publication. Where the company registration prospectus of a copy has been transferred and signed by every person whose named therein. The name contains as proposed director or director of the company of his agent recognized in writing the attachments thereto. The issue of any approval of the prospectus is recommended by section (58) from an expert of a person A prospectus issued generally in the case ofThe clause 16 of schedule (2) is to be  described in the prospectus is required a copy of every contractIn such case a contract is not reduced into writing a directive is giving complete particulars thereofWhere the persons making any report needed in the record which made the reasons giving without indicated therein.In cla…

Company service of documents on members

A document may be performed on a company or an officer sending the document to the company or the officer at the registered office of the company service by post under a certificate of by registered post or posting  or by leaving it at its registered office.
Company service of documents on members The document may be provided a company to any member either given to directly to the member. The company also sending it by him to post for his registered address. If the member has not registered their address in Chennai, the company is provided by him within India for the giving notices to him. Where a registration company sent the document by post has The service shall be deemed to be effected by addressing properly. To prepare and posting a letter that containing the document. The registration company is provided that a certificate is posting or by registered post to the documents has intimated to the member. The document of a company shall not be deemed to effected in the manner…

Registration of unlimited company as limited under the section 32

(i)Subject to the plan of this section of registration: Under the section (32) of this act a company is registered as unlimited may register as a limited company.Where a company is already registered as a limited company may register under the section (32) of this act. (ii)The section (32) shall issue the former registration of the company shall close by the registrar. If any forms with copies may distribute with the delivery of the copies to him. The original registration of the company was furnished on the moment. The registration shall effect and placed in same presence. It considers the first registration of the company under the section (32) of this act. (iii) Under the section (32) of an unlimited company as described limited company. This section shall not affect any liabilities, obligations, debts. A commitments incurred or entered into, with or, by, on behalf of, on, the company before the registration. Where those debts, obligations, liabilities and contracts may be enforced …

What are the Characteristics of a company ?

A company as an organization has many specific details which together form it a different management and its characteristics. The main characteristics of a company are following: The Legal Entity : The characteristics of every company is registered under the existing law and it has a different legal entity part of the members or shareholders of the company. The company is a fake person and it is a legal unit. It has certain rights and privileges of a natural person. A registered company has the right to acquire and ownership as well as transfer property in its own name. The act of a company can be held liable for no shareholders. The Limited Liability members of a company The liability of each member of a company is limited to the amount payable by him as an investor and the values of shared are subscribed by him.There is no member can be called upon to pay more than that amount may be the term of liability of the company . The Transferable Shares of a company The capital of a …

Hold a meeting of a one person company directors

1.In case of a one person company with only one director on the board. Then provisions of section 173 of the 2013 act are not applicable to such one person company directors. Hold a meeting of a one person company directors 2. If the one person company has more than one director. The company should hold at least one meeting of the board. In each half of a calendar year.
3. If only two meetings are held in a calendar year. The gap between two meetings should be atleast 90 days. If more than two meetings are held in a calendar year. Then the gap between the first. The last meeting held in the year should be at least 90 days. The one person company registration may register with that one director.
4. How to hold a meeting of your board of directors of a company. Which is not a one person company or small or dormant company ?
5. Ensure notice in writing of at least 7 days before. The meeting is given to every director of an one person company.
6. Notice may be given by hand or cour…

Company Registration Rules

At Act further to amend the company secretaries Act,1980 this act is called company registration in Kochi secretaries.It shall come into force on such date as the central government notification in the official gazette provided that different dates may be appointed for different provisions of this act and any reference in any such provision to the dawning of this act shall be constructed as a reference to the initiation of that provision that company registration to be held in Chennai.The company secretaries after clauses shall be inserted known as “Authority” means Appellate Authority referred.


Where any time after the expiry of two years from the formation of a company or one year from the allotment of shares in that company made for the first time after the formation is earlier it is proposed to increase the subscribed capital of the company by allotment of shares company registration Bangalore such further shares shall be offered to the persons  that offer who is at t…

Convert an existing business into a company

Convert an existing business into a company under the companies act 2013. The new company registration as private limited company registration or public limited company registration. Convert an existing business into a company 1.An existing business can be convert into a company in any of the following ways: (a) by outright sale; (b) by having partners of the firm the only shareholders of the new registration company. (c) having a existing or new company become a partner of the firm which will be changed thereafter. (d) under sections 230 to 232 of the companies act, 2013 by amalgamation (e) by registration of under sections 366 of the Companies Act, 2013 existing joint stock company or existing joint family business.
2.Where the existing business is sold outright to a company. Whether the company is a private limited company registration or public limited company registration. A purchase agreement has to be executed by or on behalf of the company. Which is buying it and also by or o…

The Company Registration and the Relationship of Directors

Company Registration of Directors The directors stand in fiduciary relationship with the company registration services and they are the trustees of the company and hence they must not do anything which affects unfairly the rights of the company registration in Chennai.Where a leader of a company has rule of the assets of the company registration holds them for a specific purpose with in the meaning of section (10) of the limitation act 1963. He is not only a useful agent in the sense that he has become a trustee by reason of a director, but he is in fact a trustee because a company registration can only operate through its directors.
Company Registration Of Fiduciary As to the scope of the fiduciary nature of the relationship directors have been held to be sometimes agents of the company registration in Chennai.They are also implied to be trustees so far as the company’s property and its funds in their hands are connected. The law considered and created them as trustees of mon…

Why to form a company ?

There are different forms of organisations to choose from to do business such as sole proprietorship, partnership, co-operative societies, and joint stock company. Each one of these organisations has special features and characteristics of its own. The company as a form business organization that has come to acquire a pre-eminent position in modern times.Its superiority over other forms of business organisation is due to the following special characteristics :


Distinct legal entity :

On registration a company acquires a distinct legal entity of its own capable of assets, incurring liabilities and debts, charging and being claimed. A partnership firm on the other hand has no independent existence apart from its partners in the legal entity.
Limited Liability of a company member:

A company members liability is limited to the duration they have contributed or have undertaken to contribute to the capital of the company.The creditors of the company have no rights against the c…

The benefits of MSME registration under the MSME act 2006

The  (“the Act”) Micro, small and medium enterprises development ( MSME ) act 2006  has been notified. It has received the assent of the president on 16th June 2006. The president under notification is dated 9th May 2007. The MSME registration has amended the Government of India.
Classification of Enterprises
As per section 7(1) of the act and Ministry Notification dated on 29th September 2006. The following enterprises (whether proprietorship,HUF, AOP, Co-op Society, partnership or any other legal entity, by whatever name called) were classified as (MSME) micro, small and medium enterprises . The business related in manufacture of goods or the production affecting to any business mentioned in (Development and Regulation) Act, 1951.
(i) Micro Enterprise : where the finance in plant and machinery is upto Rs. 25 lakhs.
(ii) Small Enterprise : where the finance in plant and machinery exceeds RS. 25 lakhs. But it’s upto Rs. 5 crores.
(iii) Medium Enterprise : where the finance in pla…

Procedure to close the register of members or debenture holders

(i) A company may close their members for register. The register of other security or the holders register of debenture holders . The period is not exceeding in the aggregate 45 days in each year. At any one time it may not exceeding in 30 days for their company procedure. The subject to giving of previous notice of atleast seven days. Such lesser period as may be specified by SEBI for listed companies. The companies which may intend to get their securities listed. In such manner as may be prescribed. Only if your company is a listed company. A company that purports to get its securities listed. The need to give notice to SEBI will arise. Procedure to close the register of members (ii) A company closing their members for register.The register of other security or the holders register of debenture holders .The previous notice will given with in seven days. It is specified by SEBI. If such a company is intends to get its securities listed or a listed company. The registered of…

Company statutory registers and returns

(1) Every company statutory should keep and maintain the registers as : (a) Register of members showed individually for each class of enquiry and preferences shares held by each member residing in or outside Chennai. (b) Register of any other security holders. (c) Register of debenture-holders in a company.
Company statutory registers and returns (2) Every register is maintained under sub-section (1) of section 88 of the companies act 2013. It is include an index of the names included therein.
(3) A company may keep in any country outside India as ” Foreign Register “. It contains the names and particulars of the members. The debenture holders, other security holders or other beneficial owners residing in Chennai.
(4) Every company should prepare a return called annual return containing various particulars as on the date of close of every financial year. The same file with the ROC.  The date of which the annual general meeting is held within 60 days.
(5) Under section 88 of th…