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…

Company & Directors Liability under GST

Company & Directors Liability under GST A company registered under the Companies Act, 2013 and Directors of a company could be held liable for the payment of tax, interest or penalty due under GST. In this article, we analyse the liability…

Company Board Meeting through Video Conference

Company Board Meeting through Video Conference Companies registered in India are required to hold the first meeting of Board of Directors within 30 days of company registration. After the first board meeting, companies must conduct a minimum of 4 board…

Foreign Company Compliance in India

Foreign Company Compliance in India Foreign companies registered in India are required to maintain various additional compliances under the Companies Act, 2013. In this article, we look at some of the unique compliance requirements for a foreign company registered in…

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 Transfer Shares of Private Limited Company

How to Transfer Shares of Private Limited Company Private limited companies are closely held companies with less than 200 members. The transfer of share of a private limited company are governed by the provision of the Companies Act, 2013. According to the…

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…