KnowyourGST-Blog on Indian Tax and Accountign Laws

ONE PERSON COMPANY

“One Person Company” One Person Company [Section 2(62)] – "One Person Company" means a company which has only one person as a member. Section 3 of Companies Act, 2013 and Rules 1-7 of Companies (Incorporation) Rules…

by Cs Vivek Shukla 14/07/2021 under Company-Law

Annual Compliance by One Person Company

Copy of financial statement is to be filed with Registrar Every One Person Company has to file a copy of its financial statements along with all the documents annexed to financial statement and adopted at AGM with the Registrar. Fin…

by Ca Ankit Sharma 10/01/2019 under Company-Law

Annual Compliance by Private Limited Company

Copy of financial statement is to be filed with Registrar Every Private Limited Company has to file a copy of its financial statements including consolidated financial statement, if any, along with all the documents annexed to financial…

by Ca Ankit Sharma 10/01/2019 under Company-Law

Annual Compliance by Limited Liability Partnership

S No Document E-Form Due Date 1 Statement of Account & Solvency Form 8 30th October 2 Annual Return Form 11 30th May 3 Income Tax Return ITR 5 31st J…

by Ca Ankit Sharma 10/01/2019 under Company-Law

How to submit/file forms to MCA

To submit any application/form to MCA, visit www.mca.gov.in, Log in to your account. If not registered, create your account, by clicking on ‘Register’ in top menu. After you log in, click on 'Upload e-forms' Nex…

by Ca Ankit Sharma 10/01/2019 under Company-Law

Incorporation of One Person Company

Features of One Person Company It has only one person as member. Minimum capital required is NIL. The memorandum of OPC shall indicate the name of the other person, who shall, in the event of the subscriber’s death or his incapacity …

by Ca Ankit Sharma 09/01/2019 under Company-Law

Intimation of address of registered office of the Company to Registrar

Applicability Every Company has to intimate Registrar, address of registered office of the Company, in following two cases : Company at the time of incorporation did not give address of the registered office, and had given only corresponden…

by Ca Ankit Sharma 09/01/2019 under Company-Law

Article of Association of the Company

What is AOA The articles of association is a document that specifies the regulations for a company’s operations and defines the company’s purpose. The document lays out how tasks are to be accomplished within the organization, includi…

by Ca Ankit Sharma 09/01/2019 under Company-Law

Memorandum of Association of Companies

As per section 2(56)―memorandum means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act;It is the base document for the formation of the company an…

by Ca Ankit Sharma 09/01/2019 under Company-Law

Incorporation of Private Limited Company

Features of Private Limited Company Minimum capital required is NIL. Minimum number of members should be 2 Maximum number of members – 200, excluding present employee-cum-members and erstwhile employee-cum-members. Right to transfe…

by Ca Ankit Sharma 09/01/2019 under Company-Law

Availability and Reservation of Company name

Name of the company shall not be : identical with or resemble too nearly to the name of an existing company registered under this Act or any previous company law; or such that its use by the company - will constitute an offense under a…

by Ca Ankit Sharma 09/01/2019 under Company-Law

Types of Companies

The growth of the economy and increase in the complexity of business operation in the corporate world has led to the emergence of different forms of corporate organizations. To regulate them, the Companies Act, 2013 has broadly classified the compan…

by Ca Ankit Sharma 08/01/2019 under Company-Law

Meaning of Company and its characterstics

According to Chief Justice Marshall, “a corporation is an artificial being, invisible, intangible, existing only in contemplation of law. Being a mere creation of law, it possesses only those properties which the charter of its creation confer…

by Ca Ankit Sharma 08/01/2019 under Company-Law

Availability and reservation of LLP name

A new trend has emerged after introduction of Limited Liability Partnership concept. More and more entrepreneurs have started opting for Limited Liability Partnership instead of normal Partnership Firm. Deciding name of the LLP is important step at …

by Ca Ankit Sharma 08/01/2019 under Company-Law

How to check authenticity of LLP and Companies

Is LLP/Company you are dealing with genuine? Does it really exists? Are persons representing themselves as Designated Partners/Directors of the entity, really Designated Partners/Directors? These are questions that comes in everyone's mind while…

by Ca Ankit Sharma 08/01/2019 under Company-Law