Conversion of Private Limited Company into OPC (One Person Company)
The conversion of Private company (Private Limited) into One Person Company is authorized under the Companies Act, 2013. Can private limited company be converted into OPC? Yes, Only OPC with less than 50 lakh capital can be converted into private limited. however subject to following conditions. If you fulfill all these condition then you can
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LLP Settlement Scheme 2020
The Ministry of Corporate Affairs, Government of India has introduced the LLP Settlement Scheme 2020. The scheme is set to give defaulting LLPs a one-time relaxation in paying the condonation fees for the delayed filing of documents. The scheme will come into force from 16th of March 2020 and will be in force up till
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Companies Fresh Start Scheme, 2020 Companies can file pending forms, returns without late fees
The Ministry of Corporate Affair issued the circular dated 24th March, 2020, having Circular No. 11/2020 relaxing any additional payment payable by the company on late filing of e-Forms to ROC to provide relaxation to the corporate world causing devastating circumstances created by COVID-19 causing a global pandemic. MCA in furtherance of the above circular
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What are Mandatory Compliances Startups Company in India
A startup running as a private limited company has to follow numbers of compliance as laid down by various statutes and other regulatory bodies. These include but are not limited to the periodic filing of tax and other returns, holding the board and other meetings, maintaining statutory books and accounts etc. Compliances for Startups under
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Guidelines For Accounting And Auditing For Private Limited Companies
The preparation of financial information and its audit, therefore, needs to be regulated through law with stringent penalties for non-observance. Accounting And Auditing is a technical matter which needs to be gone into by experts keeping in view the requirements of proper disclosures of financial transaction in the interests of healthy corporate governance. Institutional mechanism
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eForm INC-20A -Declaration for commencement of business
eForm INC-20A is required to be filed pursuant to Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014, which are reproduced for your reference. Purpose of the eForm Declaration prior to the commencement of business or exercising borrowing powers Is it mandatory to file form INC
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ISO 9001:2015 – Quality Management System
What is ISO 9001? ISO 9001 is a standard that sets out the requirements for a quality management system. It helps businesses and organizations to be more efficient and improve customer satisfaction. A new version of the standard, ISO 9001:2015 Certificate, has just been launched, replacing the previous version (ISO 9001:2008 Certificate). What is a
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Private Limited Company Annual Filing & Compliance – 2019 Due date -MCA
As a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file the following eForms with the Registrar of Companies (ROC)Startup and entrepreneurs are very curious to know that if My company have No sales and purchase that I have to file or what are the
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Govt amends rules related to the incorporation of companies -MCA
Changes have been made to ensure more clarity, uniformity, and transparency in approving the names for companies at the time of incorporation The ministry has brought in amendments to the Companies (incorporation) Rules, 2014 The corporate affairs ministry has amended the rules pertaining to incorporation of companies to provide more clarity and uniformity in choosing
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Is it mandatory to file the DIR-3 KYC of every DIN holders?
As per rule 12A of the Companies (Appointment and Qualification of Directors) Rules 2014, “every individual who has been allotted a Director Identification Number (DIN) as on 31st March of financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year. DIN
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