Director Disqualification

Director Disqualification - How to Become a Director Again The Ministry of Corporate Affairs has recently disqualified over 2 lakh Directors of companies that failed to file their MCA annual return. The recent decision by MCA has left many companies…

Audit and Appointment of Auditors – Companies Act

Audit and Appointment of Auditors - Companies Act All companies registered in India are required to appoint an Auditor and have its book of accounts audited each year. In this article, we look at all aspects of audit and appointment of…

Maintaining Book of Accounts for Company – Companies Act

Maintaining Book of Accounts for Company - Companies Act All companies incorporated in India are required to mandatorily maintain book of accounts under the Companies Act, 2013. In addition, the Companies Act, a company registered in India will also be…

Annual Return Filing for Company

Annual Return Filing for Company All companies (private limited company, one person company, limited company, section 8 company, etc) are required to file an annual return with the MCA every year. In addition to filing MCA annual return, companies would…

Company Strike Off Clearance

Company Strike Off Clearance The Ministry of Corporate Affairs has recently completed strike off of lakhs of private limited companies that failed to file MCA annual return. The Directors of such defaulting company were also disqualified from being a Director…

Disqualification of Director – Companies Act 2013

Disqualification of Director - Companies Act 2013 The Ministry of Corporate Affairs has started to strike-off companies that are dormant and disqualify Directors of Companies that have not filed their MCA annual return continuously for over three years. In this…

Voting Rights of Shareholders

Voting Rights of Shareholders Common stock shareholders in a company have certain rights relevant to their equity investment. A significant right of shareholders is the right to vote on definite corporate matters. Shareholders characteristically have the right to vote in…

Documents Required to Incorporate a Company – MCA Rules

Documents Required to Incorporate a Company - MCA Rules The rules and procedure for company registration in India is laid out in the Companies Incorporation Rules, 2014. According to the Companies Incorporation Rules, 2014, the following information and documents must…

Can subsidiary own shares in parent company?

Can subsidiary own shares in parent company? No, a subsidiary company cannot own shares in a parent company as per the Companies Act, 2013. According to the Companies Act, 2013 a subsidiary company by itself or through its nominee cannot…

Nominee Consent Form – One Person Company

Nominee Consent Form - One Person Company To register a one person company, a nominee must be designated by the sole director of the company. Since one person companies only have one director, the nominee would become the member of…