Posts Tagged: company law

Legal

Types of Companies in India

Trading in India dates back to the era of the East India Company. The first ever English organization with which the term “company” was associated was ‘merchant adventures’ for trading overseas. This term ‘company’ is derived from the Latin word (Com = with or together & panis = bread), originally meaning associating persons who took their meals together. So, in the beginning, the concept of trading was separate for each member with their own stocks.

Legal

5G Spectrum Analysis: Everything you need to know

The emergence of the internet and smartphones, and the networks were advancing each year. However, what were the changes? The principle improvement is the very best transmission speed in every new generation of networks. Therefore, in each step forward we had, it became viable to grow the variety of network usage for sending messages, streaming offerings, object connectivity, among others.

Business

Understanding National Company Law Tribunal (NCLT)

In today's world where arbitration, compromise, arrangements, reconstructions, and the winding up of companies are as usual as the sunrise. The opportunity for shareholders and debtors to lose their money also escalates.

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Now company formation made easy with SPICe!

As a young Entrepreneur, when you think about a Startup, you think about a Private limited company. Might be forming your own company seems to be Overwhelming but Finology made it easy. Incorporating your own company gives the Members- Limited Liability Benefit that means it will allow their members full exemptions from business debt & obligations.

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An exhaustive explanation on FORM MGT-14

When a company is planning to start up, the first step is to incorporate the business with the Registrar of Company (ROC). Companies incorporate themselves with the RoC because it is the body governing the companies and has to mandatorily keep information about companies. Therefore, every company has to notify ROC about the significant steps taken by the company by passing any resolutions at the Board meeting or by entering into an agreement.

Legal

Liquidation of Company

Company being artificial person can only be dissolved by striking off the register of companies. This is called liquidation of company.

Legal

Registration of a Public Limited Company| Explained

A public limited company is an incorporated business and is said to be a separate legal entity from its owners like that of the Private Limited Company. Shareholders are termed to be its owners and they enjoy the benefit of the limited liability. The limited liability is a benefit to each of the shareholder of that company. According to Section 3(1) (IV) of Indian Companies Act 1956 that ‘’a public company is not a private company” also the articles do not restrict the transfers of shares of the company. There is no restriction on the maximum number of the companies. It invites general members and public to purchase the shares and debentures of the company. If one wants to register a public company there are many advantages or benefits related to the registration of a public Company which are -

Legal

Annual Mandatory Compliance for PLCs

Generally, people opt for private limited companies due to less formality. It is the most popular and well-known form of start-up. However, some of the mandatory compliances which are pre-requisites are needed to be followed every year.

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Registration of One-person Company

One-person company is a proficient way to start a company. The concept was introduced in India through Companies Act, 2013. It is a method of self-employment introduced to boost up the economy of India.

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One Person Company

One-person company (OPC) is a new concept introduced for the first time in India, in the 2013 Act based on the recommendation of the J. J. Irani Committee. As per the definition enshrined in Sec. 2(62) of the Act, there will be only one member in the OPC. Only a natural person can be its sole member.

Legal

What is an Abridged Prospectus?

The dictionary meaning of ‘abridge’ is to shorten something without destroying the meaning of the original. An abridged prospectus is a summary of the prospectus containing such details as be prescribed by the SEBI.

Legal

Work Space Sharing Agreement

A work space sharing agreement is a binding contract for the usage of work space on a sharing basis between two parties. Through this the two parties that is the owner and the tenant of the space can share the working space by paying an amount of fees in exchange for subletting the co-working space.

Legal

Joint Venture Agreement

A Joint Venture is defined as any arrangement whereby two or more parties co-operate in order to run a business or to achieve a commercial objective. In other words, Joint Venture is a business agreement between two or more companies whereby the business resources of the partners are mutually shared and put to use.

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Importance of Memorandum of Association

The Memorandum of Association (MOA) is the company's Constitution, prepared at the time of registration and periodically updated to incorporate changes. It is a legal document that defines the very foundation of the company. Therefore, utmost precision and clarity need to be taken at the time of drafting the MOA.

Legal

What is the Role of CSR Committee?

Corporate Social Responsibility under the Companies Act, 2013 enables the companies to engage in social welfare activities and to take part in the development of the society.

Legal

What is Shareholder’s agreement?

The Shareholders are the actual owners of a company. Shareholders of the company reap the benefits of the business success by way of increased stock valuation or in the form of dividends and profits. In the event of the company incurring losses, the share prices would fall or the shareholders suffer a decline in their portfolio’s value. It is important to uphold the rights of the shareholders. The disputes between shareholders are often settled according to the company’s Article of Association until a proper shareholder agreement is drafted. In other words, an agreement entered into by the company and its shareholders describing the rights and obligations is called the Shareholder’s Agreement.

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Memorandum of Association

Whenever a company is incorporated either Private or Government Undertaking, there are some requirements which must be complied at the time of its incorporation. Without these requirements being complied with no company can be incorporated legally under the Companies Act for the time being in force.

Legal

How to Register Your Home Address as Company's Registered Office

Registration of a business is very tough indeed worth putting in time for choosing a correct address as the Company’s registered office. The entire procedure of company’s registration, as well as fulfilling governmental requirements, involves a huge amount of finance and procurement of a commercial space is an add-on to the cost.

Posts Tagged: company law

Types of Companies in India

5G Spectrum Analysis: Everything you need to know

Understanding National Company Law Tribunal (NCLT)

Now company formation made easy with SPICe!

An exhaustive explanation on FORM MGT-14

Liquidation of Company

Registration of a Public Limited Company| Explained

Annual Mandatory Compliance for PLCs

Registration of One-person Company

One Person Company

What is an Abridged Prospectus?

Work Space Sharing Agreement

Joint Venture Agreement

Importance of Memorandum of Association

What is the Role of CSR Committee?

What is Shareholder’s agreement?

Memorandum of Association

How to Register Your Home Address as Company's Registered Office

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