Personal Liability of Directors or Members of One Person Company Registration in Coimbatore

Personal Liability of Directors or Members Notwithstanding the cardinal principles of “limited liability” and “corporate personality”, the Companies Act, 1956 has specifically provided that in certain cases the advantages of distinct entity and limited liability of personal may not be allowed to be enjoyed. Such cases are: Reduction of Membership: Where the number of members falls below the statutory minimum […]

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Buy-back Through Tender Offer – OPC Registration in Coimbatore

Buy-back from existing security holders A Company may buy-back its specified securities from its existing security holders on a proportionate basis in accordance with the provisions of this Chapter. Additional disclosures The explanatory statement annexed to the notice under section 173 of the Companies Act, or the public notice under sub-regulation (1) of regulation 5A shall contain the disclosures mentioned […]

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Why the freelancer Choose a One Person Company Registration in India

Freelancer is a person who works for themselves as freelance without accompanying the company or association. Sometimes, the freelancer takes the work of the company or organization as a contract and perform the contract ultimately self-employment. They deal the multiple clients at the same time. Operating as a freelancer, for all practical and personal reasons, is really just a business or […]

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Eligibility, Qualifications and Registration of Valuers of the Company

Eligibility for registered Valuers A person shall be eligible to be a registered valuer if he- is a valuer member of a registered Valuers organization; Explanation- For the purposes of this clause, “a valuer member” is a member of a registered Valuers organization who possesses the requisite educational qualifications and experience for being registered as a valuer;  is recommended by […]

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Why entrepreneur choose One Person Company (OPC) Registration

One Person Company – A short description One Person Company is a type of company registration and provides more and more benefits to the entrepreneur. This concept was newly enacted and get popular among the entrepreneurs who starts their business in stating stage. The companies Act, 1956 cannot have the one person company concept. The Companies (Amendment) Act, 2013 introduced […]

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Companies Second Amendment Rules, 2018 – One Person Company Registration

Short title and Commencement of Companies Amendment Act These rules may be called the Companies (Authorized to Register) Second Amendment Rules, 2018. They shall come into force with effect from 15th August 2018. In the Companies (Authorized to Register) rules, 2014 (hereinafter referred to as the said rules), in rule 2, in sub-rule (1), after clause (g), the following clauses […]

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Acceptance of Public deposits – One Person Company Registration

Introduction Non-banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 were issued by the Reserve Bank of India in the year 2016 with effect from 25th August, 2016 for the purpose of enabling it to regulate the credit system to the advantage of the country. These directions were issued in supersession of the earlier directions in Notification No. […]

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Share Capital and Debentures – One Person Company Registration in Coimbatore

Equity shares with differential rights No company limited by shares shall issue equity share with differential rights as to dividend, voting or otherwise, unless it complies with the following conditions, namely:- The articles of association of the company authorizes the issue of shares with differential rights; The issue of shares is authorized by an ordinary resolution passed at a general […]

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