Skip to main content

Posts

Showing posts with the label Public Limited Company Registration in Chennai

Proprietorship firm into a private company or public company

1.First and foremost, form a new registration company . If the new company registration is to be organized as a public limited company . Ensure that subscribers of the one to the aide-memoire of organization. The subscribers is seven in number. It is the proprietor of the partnership firm in a company. If the new company registration is being organized as a private limited company . Ensure that one of the contributors to the aide-memoire of organization. The subscribers being not less than two in number. It is the proprietor of the proprietorship firm is to be converted into a new company. 2.Convert your proprietorship firm into a partnership firm and accept. The new company registration as one of the partners of your present proprietorship firm . 3.Serve in the objects clause of the aide-memoire of association of the new company registration. A particular clause which allows the new company to have the business. 4.The liabilities and assets of the propr...

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 Chenna i.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 tru...

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 ...

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) ...

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 . Th...

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 day...

Register charges created with your company assets

(1) The “Charge” means an lien or interest created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage of their register charges. Register charges created with your company assets (2) Please note that the words “lien” and “interest” have to be understood in the context of the word “security” and belong to the same genus as the word “mortgage”. (3) Please note that registration of a “charge” is compulsory regardless. Whether the charge is created within or outside Chennai , India. The  register charges can undertakings any of its property or assets. Whether tangible or otherwise, and situated in or outside Bangalore, India. (4)Charges on the properties or undertakings of a company have to be registered. Whether the same area for the purpose of securing debentures issued by the company or for any other purposes. Registration will be required when a charge is created on the uncalled share capit...

Do you wish to change registered office of your company ?

Do you wish to change registered office of your  company ? 1. Make a Board Meeting after giving notice to all the Directors of the company . Decide about the change registered [Se c tion 173 of th e 2013 A c t. Comply with the requirements and procedure of issuing notice to the board as laid down in Secretarial Standard. Which is mandatory and effective in a company. 2.Beware that every officer of the company whose duty is to give notice of the Board Meeting as same. If anyone who fails to do so will be punishable with a fine of up to Rs. 1,000. This offense the regional director or any officer licensed by the Government. 3. File the notice of change with the concerned ROC in e-Form along with a registered copy. The board declaration is approving the change registered name of a company. 4. Secure that the said e-Form is filed with the ROC electronically. The copy of the board resolution is filed with the said e-Form as an attachment. 5. Assure also th...

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....