New Centralised Process of Incorporation of Companies

New Centralised Process of Incorporation of Companies MCA has centralized the process of incorporation of companies w.e.f. 28.03.2016. Under this new process, all e-forms relating to incorporation of companies, viz., INC-2, INC-7, INC-29 and other related forms (INC-22, DIR-12) shall be processed by the Central Registration Centre (CRC). It may be noted that the CRC … Read more

Article of Foreign Direct Investment

What is Foreign Direct Investment (‘FDI’) ? ‘FDI’ means investment by non‐resident entity/person resident outside India in the capital of an Indian company under Schedule 1 of Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000. FDI can be done by a non resident entity, non‐resident person, Foreign … Read more

Digital Signature updation in MCA Portal

Registration of DSC1. Go to the following link: 2. You will get the following screen 3. Click register DSC if DSC  4. Click Director 5. Fill name as in PAN records. Fill fathers name and in the column of Mothers maiden name, fill fathers name. There are chances of getting a message that your DSC has … Read more

Company to LLP Conversion Required Documents

   1. FORM1:Attachments:i) Board resolution authorizing for conversion 1. DIN  of Designated  Partners2. Details of DP:• Full Name• E-mail id• 2. Details of DP: Mobile No.• Date of birth 3. DSC of DP4. Proposed name of LLP5. Object of  proposed LLP 6. Total contribution (will be equal to Paid up Share Capital)7. No. of Company/LLP in … Read more

Post Incorporation Compliance of Private Limited Company

COMPLIANCES RELATED TO PRO-COMPANY INCORPORATION 1) Once a Company is Incorporated Board Meeting must be conducted within 30 days of Incorporation. 2) The agenda for First Board Meting will be Appointment of First Auditor of the Company ,Opening of Bank Account, appointing an authorised signatory and other matters as Company may consider necessary. 3) Share … Read more

Summary of Proposed Changes in Companies Act 2013

a. Requirement under Section 42 and Rule made thereunder with regard to preparation and filing of the private placement offer letter and form PAS 4 to be discontinued.  b. Disclosures mandated under Rule 13(2) (d) of the Companies (Share Capital and Debenture) Rules, 2014 to be embodied in the Private Placement Application Form.  c. Important … Read more

IEC Code Checklist Details

Checklist for Acquiring ICE Code:- Ø  Application Form ( Part- A, and Part – D ) Ø  Demand draft of Rs. 500 /- in favor of  THE GOINT DIRECTOR  GENERAL OF FOREIGN TRADE, JAIPUR Ø  Bank certificate as per prescribed format (Part- B, Appendix -18A) or Cancelled Cheque bearing preprinted name of applicant and A/C … Read more

Taxation of Association of Persons

The income tax Act prescribes a specific mode for calculation of income and taxability in the case of Association of Persons. Let’s first discuss what is an Association of Persons and Body of Individuals. An association of persons means an association in which two or more persons join in a common purpose or common action. … Read more