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One Person Company The Companies Act, 2013 introduced the revolutionized concept of one Person Company in India for the entrepreneurs to start out their own venture by allowing them to make one person economic entity. One of the most important advantages of a One Person Company (OPC) is that there are often just one member in an OPC, while a […]
Continue reading »Short title and commencement This article clearly describes the eligibility of the person who want to form a one person company and its conversion of other forms like private limited company and Public limited company. These rules could also be called the companies (Incorporation) Rules, 2014. They shall inherit force on the first day of April, 2014. Definitions In these […]
Continue reading »Deposits are outlined below the Companies Act, 2013 to incorporate any receipt of cash by approach of deposit or loan or in the other type by a corporation. But deposits don’t embody such classes of amounts as is also prescribed in consultation with the banking concern of Asian country (“RBI“). The companies meaning to invite deposits from its members shall […]
Continue reading »Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the Investor Education and […]
Continue reading »Companies (Registration Offices and Fees) Rules, 2014 In exercise of the powers conferred by section 396, 398, 399, 403 and 404, read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013) and in supersession of Companies Registration Offices and Fees (Central Government’s) General Rules and Forms, 1956, except as respects things done or […]
Continue reading »Deposits in Nidhi Company The fixed deposits shall be accepted for a minimum period of six months and a maximum period of sixty months. Recurring deposits shall be accepted for a minimum period of twelve months and a maximum period of sixty months. In case of recurring deposits relating to mortgage loans, the maximum period of recurring deposits shall correspond […]
Continue reading »Companies (Adjudication of Penalties) Rules, 2014 In exercise of the powers of Adjudication of Penalties conferred by section 454 read with section 469 of the Companies Act, 2013, the Central Government hereby makes the following Short title and commencement These rules may be called the Companies Adjudication of Penalties Rules, 2014. They shall come into force on the 1st day […]
Continue reading »Procedure for Reduction of Share Capital of Company In exercise of the powers conferred under sub-section 1 and 2 of Section 469 read with section 66 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes Reduction of Share Capital of Company by the following rules, namely: Short Title and Commencement These rules may be called the […]
Continue reading »Liquid Assets – Trustees Guidelines 1. These Guidelines may be called the Reserve Bank of India Guidelines for Trustees of deposit-holders of the deposit taking NBFC. 2. No company/bank shall be entitled to act as a Trustee of deposit-holders unless it is a scheduled commercial bank or limited company engaged in trust business with minimum capital of Rs. 50 lakhs […]
Continue reading »Composition of benches of the national company law tribunal Central Government under section 419(1) of the Companies Act, 2013 is empowered to form composition of Benches of National Company Law Tribunal (NCLT). In the first phase the Ministry of Corporate Affairs of company registration have set up eleven Benches, one Principal Bench at New Delhi and one each Regional Benches […]
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