All about the Director KYC DIR- 3 KYC Filing DIR- 3 KYC Filing- File DIR-3 KYC Before 30th September A director identification number (DIN) is a unique number assigned to a person who wishes to become a director or who is already a director of a corporation. In this digital age, submitting an eForm DIR-3 …
ALL ABOUT LLP (AMENDMENT) BILL, 2021 With the passage of the Limited Liability Partnership Act of 2008, the concept and idea of a limited liability partnership was introduced for the first time. The Indian Parliament passed this law on December 12, 2008, to give legal approval to the concept of limited liability partnerships (LLPs) in …
All About on Nidhi Company BRIEF INTRODUCTION It is a company incorporated in order to cultivate a habit of saving between its members or shareholders. In the Indian financial sector, Nidhi Company is seen as a mutual benefit society and they are allowed to solely take up deposits from their members and lend money to their …
Qualification & Disqualification Of Directors The Act provides for a dedicated provision, which is Section 162 that underlines the explanations that an individual might not appoint as a director. there’s no such provision regarding the qualification under the Act. However, requirements are listed as below: The said person should have completed 18 years age or above. 2. Nationality are often that of Indian or otherwise. 3. The person …
DIRECTORS AND ITS COMPLIANCES REGULATORY PROVISIONS A company is made by law and is an artificial judicial person having its distinct entity. Though the corporate is bestowed with the characteristic of a separate legal entity, it cannot make the choices on its own. Here the foremost crucial role is played by the administrators of the corporate. Directors are the eyes and brain of an organization. to hold out all the required functions and …
Convert Partnership Firm to LLP – Documents Required, Procedure Introduction Partnership, Limited Liability Partnership, Private Limited Company, One Person Company, Sole Proprietorship, Public Company –When it relates, to business a country like India offers a series of alternatives. As a businessman, you have the option of choosing amongst various business models. However, before making a …
A Guide to the Different Types of Legal Entities with Directors and Shareholders When you start a company registration in Delhi, you may have technical or non-technical partners, or you may be a single founder. Delhi is a startup hub and India’s investment capital. Private limited company LLP (limited liability Partnership) One Person Company. Types …
Wholly-owned subsidiary Vs. Merger in India A wholly-owned subsidiary means an entity in which a foreign company called a parent or holding company owns the whole share capital. Although the Companies Act of 2013 does not fully define the phrase wholly-owned subsidiary, several clauses relating to a foreign company and its registration provide context for …
Registration of Nidhi Company Do you want to establish a loan or finance company in India? Then you’ve come to the right place since the Nidhi Company is the simplest and most cost-effective way to establish a loan business in India. The Nidhi Company can be started with just seven people and a few simple …
MCA21 Version 3.0 to be launched in Fiscal 2021-22 Version 3.0 of MCA21 to open a new chapter on corporate regulatory oversight in India MCA21, India’s first mission mode e-governance project, will be introduced on Monday with a data analytics-driven version. MCA21 V 3.0 is expected to enhance enforcement, promote flexibility of doing business improve …