Conglomerate Mergers

Conglomerate Mergers A conglomerate is a large company that is composed of smaller companies acquired over the years.  A conglomerate merger is a merger that involves two firms from unrelated business industries and activities. Though conglomerates are less popular today…

Sole Proprietorship to a Private Limited Company Conversion

Convert a Sole Proprietorship to a Private Limited Company Sole Proprietorship is a business entity that is wholly owned and controlled by an individual, individuals who want to start a business can register Sole proprietorship. As the business grows it…

Board Resolution for Loan from Bank

Board Resolution for Loan from Bank Whenever a company raises loans from the bank, the Board of Directors must execute a Board Resolution for availing the loan and mortgaging any property of the company, if required as per the loan…

Board Resolution for Increase in Authorised Share Capital

Board Resolution for Increase in Authorised Share Capital Authorised share capital is the amount of shares a company can issue to its shareholders. Most companies in India are incorporated with an authorised share capital of Rs.1 lakh or Rs.10 lakh.…

Board Resolution for GST Registration

Board Resolution for GST Registration While obtaining GST registration for a company, a Board Resolution may have to be passed by the Board of Directors of the Company authorising a person to complete the registration formalities on the GST Portal.…

Board Resolution for Charge Creation

Board Resolution for Charge Creation Charge creation is done when a company borrows money against property owned by the company. For instance, if a company mortgages property owned by the company for raising a mortgage loan in the name of…

Board Resolution for Change of Company Name

Board Resolution for Change of Company Name The following board resolution format can be used for change of company name. RESOLVED that subject to the approval of the Central Government and shareholders of the Company, the name of the Company…

Board Resolution for Incorporation of Subsidiary

Board Resolution for Incorporation of Subsidiary According to the Companies Act, 2013 a company would become the subsidiary of the other company where the latter controls the composition fo the Board of Directors of the former company. Since the Board…

Board Resolution for Purchase of Property

Board Resolution for Purchase of Property The following board resolution format as per Companies Act, 2013 can be used for the purchase of property. Whenever a property is purchased in the name of a company, a Board Resolution must be…

Board Resolution Format for Registered Office Change

Board Resolution Format for Registered Office Change All companies and LLPs registered in India are required to have a registered office in India during the existence of the company. All official communication pertaining to a company is usually sent to…