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MCA imposed Penalty for failure to issue and transfer shares in Demat form
As per Section 29(1A) of Companies Act read with Rule 9A of The Companies (Prospectus and Allotment of Securities) Rules, 2014, every unlisted public company shall ensure that before issuance of any securities entire holding of securities of its promoters, directors, key managerial personnel has been dematerialised in accordance with provisions of the Depositories Act 1996. Further, every shareholder of an unlisted public company is required to dematerialise its securities before transfer, if such transfer is made on or after 2nd October, 2018.
By CA. Kavit Vijay
Last update on April 23,2024
Streamlining Company Registration in India: A Digital Transformation
Recently, creating a company registration in India has moved online, making it easier and more accessible. The Ministry of Corporate Affairs (MCA) led these changes, which streamlined the registration process and reduced confirmation and verification time. This article discusses the company registration in India process and how entrepreneurs can benefit from digitizing processes. The Online […]
By admin
Last update on April 19,2024
How to Start a Startup Company in India
Indian startups have grown and innovated, becoming a dynamic force. As of March 2022, India’s startup scene has over 65,000 active members after 1,300 tech enterprises joined. The third-largest unicorn hotspot in the world is India, indicating its strong startup culture and huge economic potential. In this guide, we’ll try to understand how to start […]
By admin
Last update on April 17,2024
Registration of entities for CSR Activities| All about Form CSR-1
The provisions of Corporate Social Responsibility (“CSR”) are incorporated under the Company Law to make companies more responsible towards betterment of the society and environment. All the companies which fulfill the specified criteria are required to spend 2% of their average profits, made during preceding 3 Financial Years, on the CSR Activities.
By CA. Kavit Vijay
Last update on March 19,2024
VJM & Associates: Helping Boost Business Setup in India
VJM & Associates LLP, a chartered accounting firm, helps boost business setup in India due to its strong economy and large client base. VJM & Associates LLP is a vital partner for firms entering India due to its wide range of services. The company serves many countries, sectors, and service areas. VJM & Associates LLP […]
By admin
Last update on February 26,2024
Getting Business Legitimacy: A Deep Dive into Indian Company Registration
India’s fast-paced economy is risky but promising for entrepreneurs. Whether to benefit on the growing market or assist India’s economy, company registration in India requires careful attention to detail and legal compliance. Recognizing Different Businesses Understanding what firms can be established in India is essential before learning about registration. Private limited companies’ limited liability and […]
By admin
Last update on February 24,2024
A Comprehensive Guide to Setting Up a Company in India
In light of India’s expanding role as a global economic power, starting a business here has significant potential for setting up a company in India. This blog presents a complete analysis of the key steps of forming a corporation in India. These aspects include foundational considerations, legal procedures, strategic benefits, and potential problems. This article […]
By admin
Last update on February 24,2024
MCA notified Rules on Significant Beneficial Owner for Limited Liability Partnerships
neficial owners. Every Company is required to maintain a register of Significant Beneficial owners and such information is required to be changed as and when applicable. In line with Provision of Companies Act, MCA has notified Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 vide Notification No. G.S.R.832(E) dated 9th November, 2023.
By CA. Kapil Mittal
Last update on January 9,2024
Options of Funding of Indian Wholly Owned Subsidiary by the Parent Company
Globalization and liberation has considerably enhanced the business between India and other countries across the globe. Considering the availability of resources in India, Foreign Companies and other foreign entities are eager to invest their funds in Indian Entities through different routes.
By CA. Kavit Vijay
Last update on December 12,2023
Dematerialisation of shares by Private Limited Company
Dematerialisation of shares is the process of converting physical shares and securities into digital or electronic form. Concept of dematerialisation of shares is so far applicable for public Listed companies only wherein shares are held in Demat account of the shareholder and no physical copy of shares is required to be held.
By CA. Kavit Vijay
Last update on December 5,2023