A private company can be classified into following Private Limited Company with minimum two members Private Limited Company with only one member (i.e.One Person Company) If choice of class of company is not a One Person Company, minimum two members are required to register a private company
Before the enactment of Companies Act, 2013, minimum two persons were required to register a private company. Companies Act, 2013 introduced the concept of One Person Company (OPC) opened avenues for individual businessman and entrepreneurs to carry out their business as a separate legal entity with the advantages available to a sole proprietary concern and…
Societies in Kerala are registered under Societies Registration Act, 1980 or Travancore Cochin Literary Scientific and Charitable Societies Registration Act, 1955. In Travancore Region, Societies are registered under Travancore Cochin Literary Scientific and Charitable Societies Registration Act, 1955 and in Malabar Region, societies are registered under Societies Registration Act, 1980. This article is primarily based…
Can a bank/charge holder make application for registration of charge? YES!. Section 78 of the Companies Act, 2013 allows a bank/charge holder to make application for registration of charge. Section 77 of the companies act, prescribes registration of charge as a duty of every company within 30 days of its creation, or within a period…
Articles of Association contains regulations for management of a company. Company can adopt all or any of the regulations contained in the model articles prescribed in Table F, G, H, I & J of schedule 1 of Companies Act, 2013. Further companies can include additional matters in its articles which are necessary for its management….
Who is a Tax Consultant? A financial expert with advanced training and knowledge of tax law.(Investopedia) A tax advisor or tax consultant is a financial expert specially trained in tax law. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in complicated financial situations themselves, or to learn…
Section 115 of the Companies Act, 2013 requires members to give special notice on certain resolutions/matters prescribed in the act or in articles of association of the company. Where, by any provision contained in the Act or in the articles of a company, special notice is required of any resolution, notice of the intention to…
Notifications/Amendments /Changes came into force six months prior to the exams will be applicable for that exam. National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) were notified by the Ministry of Corporate Affairs vide notification dated 1st June, 2016. Further the NCLT Rules and NCLAT Rules, 2016 were notified by MCA…
ICSI has from time to time, has entered MOU’s with many universities in India, which allows member of the Institute to do various courses in such universities. Many universities in India has recognized ‘Company Secretary’ course as equivalent to their Post Graduate degree, which make them eligible to do Ph.D programs in specified areas. In…
One of the query which students aspiring to join ‘Company Secretary’ course, is regard to the status of the course i.e. whether it is equivalent to diploma or under graduation or post graduation. Before getting to the answer to the query, you may please note that the ‘Company Secretary’ course popularly called CS…