Solubilis Corporate Services

Managing Director The Companies Act, 1956 is well established Act and it declares and defines the concept of managing director in Section 2 (26). Managing Director means a person who, by virtue of an agreement with the company or of a resolution passed by the company in general meeting or by its Board of directors or by virtue of its […]

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 […]

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 […]

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 […]

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 […]

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. […]

Introduction Director Identification Number (DIN) means an identification number allotted by the Central Government to any individual, intending to be appointed as director or to any exiting director of a company, for the purpose of his identification as a director of a company: Provided that the Director Identification Number (DIN) obtained by the individuals prior to the notification of these […]

Buy-back shares of other Securities of the Company Unless stated otherwise, the following norms shall be complied with by the private companies and unlisted public companies for buy-back of their securities and shares. In One Person Company, no need of the buy-back shares why because; there is no need of the shareholders. The director itself can maintain the share capital, […]

Corporate Social Responsibility of a Company In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules and mentions Corporate Social Responsibility of a Company, namely:- Short title and Commencement These rules may be called the companies (Corporate […]