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Yes, a company can incorporated without a permanent registered office address at time of incorporation. The Company can finalise a registered address within 30 days from the date of incorporation and... Read More
SPICE means (Simplified Performa for Incorporating Company electronically). It’s an electronic form specified generated by ministry of corporate affair under the Companies Act,2013 to make... Read More
In India, the Company generally took approx. 7 to 10 days to incorporate a company. The process of Registration is online but it mainly depends on the name reservation, Documents verification by... Read More
Yes, A foreign National can become a director in an Indian company. To become a director, Individuals should have a DIN (Director Identification Number), Digital signature certificate and approval... Read More
Authorized Capital – The maximum amount of capital that a company is legally allowed to issue to shareholders as stated in its memorandum of association is called authorized capital of the... Read More
Yes, a company can issue shares without receiving money but only in specific permitted situation mentioned under the companies’ act 2013, Shares shall be issued for consideration other than cash,... Read More
Private placement is a method by which a company raises fund by issuing securities like equity shares, preference shares to a selected group of investors instead of offering them to the public. An... Read More
As per Companies act 2013, A Company cannot issue preference share exceeding 20 years. Further, a company engaged in infrastructure projects can issue preference share for a period exceeding 20... Read More
The company shall allot securities within 60 days from date of receipt of application money. If the Company is not able to allot the application must within the prescribed period, they shall refund... Read More
Directors are the trusted managers of the company affairs and should act in accordance with articles of association of company, and in Good faith of the Company while exercising their duties with due... Read More
Yes, a person can become director in multiple companies subject to the limit mentioned under The Companies Act, 2013. Individual can hold directorship in Maximum 20 companies out of which maximum 10... Read More
DIN is (Director Identification Number) it’s a unique identity number allotted to person who wants to become a director in a company. A Director can obtain DIN in two ways 1. When a Company is... Read More
A director can resign from the company by giving resignation letter mentioning the effective date of resignation to the company. The Company must file Form DIR – 12 with Registrar of Companies... Read More
Yes, A company can operate without independent director As per Companies Act,2013, Following Companies are required to appoint an Independent Director: - 1. Every listed public company shall have... Read More
As per Companies Act 2013, first AGM of the company should be conducted within 9 months from end of First financial year and subsequent AGM shall be held within 6 months from the end of the Financial... Read More
Under the Companies Act, 2013, AGM are generally required to be held physically. Ministry of corporate affairs has issued General Circular which has allowed Annual General Meeting to be held through... Read More
DIR – 3 is a know your customer (KYC) filling for a Person holding a Director Identification Number (DIN). The purpose is to ensure that Ministry of Corporate Affairs have accurate and updated... Read More
The DIR – 3 Web KYC is a mandatory Annual Compliance under the Companies Act, 2015 to verify the information of Individual holding Director Identification Number (DIN). Ministry of Corporate... Read More
A foreign company means a company who incorporated outside India and has a place of business in India whether by itself or through an agent (physical or even electronic) and conducting business... Read More
Form DIR-3 KYC Web shall be filed once every three consecutive financial years. Accordingly, the first filing shall be due from April 2029 to June 2029 and thereafter every third financial year.
When a director already filed DIR-3 KYC E form/DIR-3 KYC Web for the FY 2025-26, no filing shall be required for FY 2026-27 and 2027-28, provided there is no change in KYC particulars.
The three-year KYC compliance shall be reckoned from the financial year in which the DIN is allotted. Any updates in the details will not impact the cycle for KYC compliance.
To register a startup company in India under the Companies Act, 2013, the process is carried out online through the Ministry of Corporate Affairs portal and generally involves several steps. First,... Read More
The transmission of share under Companies Act 2013 refers to the automatic transfer of ownership of shares by operation of law, typically in cases such as death, insolvency, or lunacy of a... Read More
CSR as recognized under Companies Act, 2013 provide several benefits to business beyond mere legal compliance. It helps in enhancing the company brand image and reputation, as socially responsible... Read More
Section 185 of the Companies Act, 2013 regulates loans, guarantees, and securities given by a company. A company is generally restricted from giving guarantees to directors or entities in which... Read More
As per the provision of the Companies Act, 2013, Every Company including small private shall have an auditor appointed within 30 days from the date of Incorporation,
A company may, by passing the ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242, before the expiry of the period of his office after giving him... Read More
Director and officer insurance is a policy that a company may purchase on behalf of its director or officers to cover liability arising from the decision and action taken in the course of managing... Read More
The post registration reporting requirements for companies are set out as under: Filing of form INC - 20A (Commencement of Business Certificate) - Within 180 days of issuance of Certificate of... Read More
Following are the most common types of companies: a. A Private Limited Company under the Companies Act, 2013 which can be incorporated with no requirement of minimum capital and 2directors b. A... Read More
Indian subsidiaries (Foreign Companies) are governed by the regulations framed under following laws: a. Companies Act, 2013 or Companies Act, 1956 (if applicable); b. The Foreign Exchange... Read More
Following are the governing laws for the Companies registered in India: a. The Companies Act, 2013 and Rules made there under for unlisted companies such as private companies, foreign companies,... Read More
The Companies Act, 2013 provides for the following categories of the directors: a. Executive director (including managing director or whole time director) b. Non-executive director and c.... Read More
The attestation requirements depend on the country in which registered office/residence of the overseas subscriber/director is situated. The documents are required to be attested as follows: 1.... Read More
NRIs or foreign nationals can register a company and make investments in India subject to the Foreign Direct Investment Policy and Guidelines issued by the RBI. The only condition as per... Read More
Company name approval and allotment process in India is administered by the Ministry of Corporate Affairs (MCA). Name availability can be checked through MCA website i.e www. MCA.gov.in< MCA... Read More
There has not been prescribed any minimum Capital requirement for incorporating a private limited company. One may even start a company with a paid up capital as low as Rs. 500/-. Although upto Rs.... Read More
Private Limited Company have always been very popular form of business entity amongst foreign investors for making the direct foreign investment (subject to FDI Policy and Guidelines) in any country,... Read More
While incorporating a Private Limited Company it is mandatory to provide the proof of Registered Office of the Company. The registered office address need not necessarily be commercial address to... Read More
There should be minimum of 2 Members who shall be subscribers to Memorandum of Association of the Company and there should be at least 2 Directors in the company, out of which one should be Indian... Read More
As per Companies Act, 2013, A Private Company may appoint maximum of 15 Directors on the Board of the Company subject to the approval of member in the General Meeting. A Company can appoint more than... Read More
It is mandatory to attach the approval of the regulatory Authority at the time of filling of incorporation or change of name of the company where the object of the Company is of Insurance agent/... Read More
Thare are 5 major steps in registering a Private Limited Company: 1. Name Application in Spice+ Part A. 2. Procurement of Digital Signature Certificates of all the Directors and... Read More
An organization is expected to keep up with specific compliances after its incorporation, like, a statutory Auditor should be appointed within 30 days of incorporation along with the mandatorily... Read More
Yes, a company can incorporated without a permanent registered office address at time of incorporation. The Company can finalise a registered address within 30 days from the date of incorporation and... Read More
SPICE means (Simplified Performa for Incorporating Company electronically). It’s an electronic form specified generated by ministry of corporate affair under the Companies Act,2013 to make... Read More
In India, the Company generally took approx. 7 to 10 days to incorporate a company. The process of Registration is online but it mainly depends on the name reservation, Documents verification by... Read More
Yes, A foreign National can become a director in an Indian company. To become a director, Individuals should have a DIN (Director Identification Number), Digital signature certificate and approval... Read More
Authorized Capital – The maximum amount of capital that a company is legally allowed to issue to shareholders as stated in its memorandum of association is called authorized capital of the... Read More
Yes, a company can issue shares without receiving money but only in specific permitted situation mentioned under the companies’ act 2013, Shares shall be issued for consideration other than cash,... Read More
Private placement is a method by which a company raises fund by issuing securities like equity shares, preference shares to a selected group of investors instead of offering them to the public. An... Read More
As per Companies act 2013, A Company cannot issue preference share exceeding 20 years. Further, a company engaged in infrastructure projects can issue preference share for a period exceeding 20... Read More
The company shall allot securities within 60 days from date of receipt of application money. If the Company is not able to allot the application must within the prescribed period, they shall refund... Read More
Directors are the trusted managers of the company affairs and should act in accordance with articles of association of company, and in Good faith of the Company while exercising their duties with due... Read More
Yes, a person can become director in multiple companies subject to the limit mentioned under The Companies Act, 2013. Individual can hold directorship in Maximum 20 companies out of which maximum 10... Read More
DIN is (Director Identification Number) it’s a unique identity number allotted to person who wants to become a director in a company. A Director can obtain DIN in two ways 1. When a Company is... Read More
A director can resign from the company by giving resignation letter mentioning the effective date of resignation to the company. The Company must file Form DIR – 12 with Registrar of Companies... Read More
Yes, A company can operate without independent director As per Companies Act,2013, Following Companies are required to appoint an Independent Director: - 1. Every listed public company shall have... Read More
As per Companies Act 2013, first AGM of the company should be conducted within 9 months from end of First financial year and subsequent AGM shall be held within 6 months from the end of the Financial... Read More
Under the Companies Act, 2013, AGM are generally required to be held physically. Ministry of corporate affairs has issued General Circular which has allowed Annual General Meeting to be held through... Read More
DIR – 3 is a know your customer (KYC) filling for a Person holding a Director Identification Number (DIN). The purpose is to ensure that Ministry of Corporate Affairs have accurate and updated... Read More
The DIR – 3 Web KYC is a mandatory Annual Compliance under the Companies Act, 2015 to verify the information of Individual holding Director Identification Number (DIN). Ministry of Corporate... Read More
A foreign company means a company who incorporated outside India and has a place of business in India whether by itself or through an agent (physical or even electronic) and conducting business... Read More
Form DIR-3 KYC Web shall be filed once every three consecutive financial years. Accordingly, the first filing shall be due from April 2029 to June 2029 and thereafter every third financial year.
When a director already filed DIR-3 KYC E form/DIR-3 KYC Web for the FY 2025-26, no filing shall be required for FY 2026-27 and 2027-28, provided there is no change in KYC particulars.
The three-year KYC compliance shall be reckoned from the financial year in which the DIN is allotted. Any updates in the details will not impact the cycle for KYC compliance.
To register a startup company in India under the Companies Act, 2013, the process is carried out online through the Ministry of Corporate Affairs portal and generally involves several steps. First,... Read More
The transmission of share under Companies Act 2013 refers to the automatic transfer of ownership of shares by operation of law, typically in cases such as death, insolvency, or lunacy of a... Read More
CSR as recognized under Companies Act, 2013 provide several benefits to business beyond mere legal compliance. It helps in enhancing the company brand image and reputation, as socially responsible... Read More
Section 185 of the Companies Act, 2013 regulates loans, guarantees, and securities given by a company. A company is generally restricted from giving guarantees to directors or entities in which... Read More
As per the provision of the Companies Act, 2013, Every Company including small private shall have an auditor appointed within 30 days from the date of Incorporation,
A company may, by passing the ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242, before the expiry of the period of his office after giving him... Read More
Director and officer insurance is a policy that a company may purchase on behalf of its director or officers to cover liability arising from the decision and action taken in the course of managing... Read More
The post registration reporting requirements for companies are set out as under: Filing of form INC - 20A (Commencement of Business Certificate) - Within 180 days of issuance of Certificate of... Read More
Following are the most common types of companies: a. A Private Limited Company under the Companies Act, 2013 which can be incorporated with no requirement of minimum capital and 2directors b. A... Read More
Indian subsidiaries (Foreign Companies) are governed by the regulations framed under following laws: a. Companies Act, 2013 or Companies Act, 1956 (if applicable); b. The Foreign Exchange... Read More
Following are the governing laws for the Companies registered in India: a. The Companies Act, 2013 and Rules made there under for unlisted companies such as private companies, foreign companies,... Read More
The Companies Act, 2013 provides for the following categories of the directors: a. Executive director (including managing director or whole time director) b. Non-executive director and c.... Read More
The attestation requirements depend on the country in which registered office/residence of the overseas subscriber/director is situated. The documents are required to be attested as follows: 1.... Read More
NRIs or foreign nationals can register a company and make investments in India subject to the Foreign Direct Investment Policy and Guidelines issued by the RBI. The only condition as per... Read More
Company name approval and allotment process in India is administered by the Ministry of Corporate Affairs (MCA). Name availability can be checked through MCA website i.e www. MCA.gov.in< MCA... Read More
There has not been prescribed any minimum Capital requirement for incorporating a private limited company. One may even start a company with a paid up capital as low as Rs. 500/-. Although upto Rs.... Read More
Private Limited Company have always been very popular form of business entity amongst foreign investors for making the direct foreign investment (subject to FDI Policy and Guidelines) in any country,... Read More
While incorporating a Private Limited Company it is mandatory to provide the proof of Registered Office of the Company. The registered office address need not necessarily be commercial address to... Read More
There should be minimum of 2 Members who shall be subscribers to Memorandum of Association of the Company and there should be at least 2 Directors in the company, out of which one should be Indian... Read More
As per Companies Act, 2013, A Private Company may appoint maximum of 15 Directors on the Board of the Company subject to the approval of member in the General Meeting. A Company can appoint more than... Read More
It is mandatory to attach the approval of the regulatory Authority at the time of filling of incorporation or change of name of the company where the object of the Company is of Insurance agent/... Read More
Thare are 5 major steps in registering a Private Limited Company: 1. Name Application in Spice+ Part A. 2. Procurement of Digital Signature Certificates of all the Directors and... Read More
An organization is expected to keep up with specific compliances after its incorporation, like, a statutory Auditor should be appointed within 30 days of incorporation along with the mandatorily... Read More
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