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Showing posts from November, 2016

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…