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Showing posts from August, 2016

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…