MCA Processing Time for Various Requests

MCA Processing Time for Various Requests The Ministry of Corporate Affairs (MCA) has published various timelines for processing of different types of applications pending with the MCA. In this article, we provide the respective work flow and the time prescribed. Availability…

SPICe – One Day Company Registration

SPICe - One Day Company Registration Ministry of Corporate Affairs (MCA) has recently introduced new version of SPICe (one day - one step) Company Registration. SPICe, which stands for Simplified Per forma for Incorporating Company electronically. The new SPICe form takes advantage…

How to Register a One Person Company (OPC)

How to Register a One Person Company (OPC) A person as a single promoter can incorporate a Company and have the benefit of limited liability and separate legal entity of a Company. With a OPC, there is no requirement for…

Procedure for Converting Private Limited Company to OPC

Procedure for Converting Private Limited Company to OPC Due to a co-founder or promoter leaving a private limited company, there might arise a requirement for converting a private limited company into a one person company (OPC). In this article, we…

Old Notes Disclosure by Companies

Old Notes Disclosure by Companies The Lok Sabha has recently passed  the Specified Bank Notes (Cessation of Liabilities) Bill, 2017. The  Bill related to the holding, transfer and receiving of old Rs.500 and Rs.1000 denomination currency makes it unlawful to hold, transfer or…

Company Information Published by MCA

Company Information Published by MCA On incorporation of a company or LLP, many of the information about the company and its Directors are made publicly available on the MCA website. This information including email addresses of company is used by…

Shareholding by Minors in India

Shareholding by Minors in India The shareholders of a company are the owners of a company owning equity shares of a company. Shareholders can also be referred to as "members" of a Company. The Companies Act, 2013 with the following definition: "Member”,…

Duties of Director of a Company

Duties of Director of a Company The position of Director of a Private Limited Company or Limited Company or One Person Company comes with certain duties and responsibilities. Many Directors of a Company are unaware of these duties and responsibilities…

Minimum Alternate Tax (MAT) for Companies & LLPs

Minimum Alternate Tax (MAT) for Companies & LLPs Minimum Alternate Tax was introduced to charge tax on zero tax companies. Minimum Alternate Tax is applicable for all companies (Private Limited Company, One Person Company, Limited Company, Nidhi Company, etc.,). Similarly, The…

Managerial Remuneration – Director’s Salary as per Companies Act

Managerial Remuneration - Director's Salary as per Companies Act As per the Companies Act, 2013, Managerial Person means a managing director, whole-time director or manager of a company incorporated in India. Managerial renumeration includes pay, compensation, or reward for work…