Group items tagged

The differences for Private Limited Company and Public Limited Company are explained as under: · Definitions: Private Limited Company: As per the Companies Act 2013 "Private Company is a company which has a minimum paid-up capital of Rs 1 lakh Rupees and which is restricted to have the right to transfer the share. Public Limited Company:As per the Companies Act 2013" A public Company is a company which is not a private company and has a minimum paid up capital of Rs 5 lakh Rupees and have a right to transfer of shares of a company. · Number of members: There should be minimum 2 members to start a Private Limited Company and maximum ceiling of 200 members. In case of Public Limited Company minimum 7 members should be there and no ceiling on maximum number of members. · Number of Directors: There should be minimum 2 Directors in case of Private limited Company and minimum 3 directors in case of Public Limited Company. · Statutory meeting: A Private company has to hold a statutory meeting within 30 days of Company Incorporation and Public Company has to hold statutory meeting as well file the statutory report with ROC. · Transferability of shares: Articles of Association of restrict the transferability of share in case of Private Limited Company and In case of public limited company there are no such restrictions. · Share Subscription: A private company has no right to invite public for subscription. As opposed, a public company can invite the general public for subscribing shares of the company. · Managerial Remuneration: Total managerial remuneration in the case of a public company cannot exceed 11% of the net profits but in the case of inadequacy of profits a minimum of Rs 50,000 can be paid. These restrictions do not apply to a private company. Conclusion: It is clear from the above points that both the business structure has its own merits and demerits. Private Limited Company is basically suited for the start-ups with limited capital inv

There is no condition to start the business immediately after incorporation of Company; hence you can incorporate the company for future course of business as Private Limited Company or Public Limited Company. Further for this kind of situation there is a concept under section 455 of the Companies Act, 2013 called "Dormant Company". A dormant company is a company that has been registered under the Companies Act but is not carrying out any "significant accounting transaction." As per Companies Act 2013, a company that has been formed and registered under the Act, a) For a future project or to hold an asset or intellectual property and, b) Has no significant accounting transaction, is permitted to make an application to the Registrar to obtain the status of a dormant company. For being well compliant after incorporation Annual return of the Dormant Company in Form MSC-3 shall be filed within 30 days of the end of the financial year. Further the dormant companies can enjoy status as Dormant companies for maximum consecutive 5 years. You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in

Section 2(87) of companies act, 2013 provides the definition of the Subsidiary as under: "Subsidiary Company" or "Subsidiary", in relation to any other company (that is to say the holding company), means a company in which the holding company- (i) Controls the composition of the Board of Directors; or (ii) Exercises or controls more than one-half of the total share capital either at its own or together with one or more of its subsidiary companies: Provided that such class or classes of holding companies as may be prescribed shall not have layers of subsidiaries beyond such numbers as may be prescribed. Thus , if LLP will hold more than 50% shares of the private Limited Company then the Private limited Company will be called as subsidiary of the LLP and there are no initial requirements which need to be followed from LLP's part.For incorporation of Private Limited Company, the same can be done by following standard procedure for incorporation of Private Limited Company. Learn more about process for Registering a Private Limited Company at http://www.legalwiz.in/blogs/com... Get assistance from Experts at LegalWiz.in for Registering a Private Limited Company at the nominal professional fees. Reach us at 1800 313 4151 or support@legalwiz.in

All organisations of a particular industry may not necessarily be registered as a Company under Indian Companies Act, 2013. The private hospitals may be registered as Private or Public Companies or as Section 8 Company but not necessarily all. The test whether an entity is registered under Companies Act is its registered name and CIN (Corporate Identification Number). A Private Company must contain "Private Limited Company" at the end of its name and similarly a Public Company's name shall contain "Limited Company" or "Public Limited Company" at its end. The ambiguity may arise here if the entity, say hospital, is registered as Section 8 Company for charitable purpose. These companies are exempted to put "Private Limited" or "Limited" at the end of name. Thus, you may check if any company with same name is registered with Ministry of Corporate Affairs (MCA), the regulatory body. You may check the company details and CIN at following link: http://www.mca.gov.in/mcafoporta... Feel free to drop your query in comment box or drop an e-mail at support@legalwiz.in. Visit us at https://www.legalwiz.in

You can start the software business in India by setting up a company as per the rules laid down under Act. There are two most common type of entities exist in India i.e. ONE PERSON COMPANY- Ifyou want to operate the business solely under your name and do not wish to share the control of the company, you can opt for Registering an OPC. In this type of Company, there is only one promoter/founder. However, nominee in the company is required who can become the member of the company in case of death or any other incapacity of the original member. PRIVATE LIMITED COMPANY- Itis a type of privately held small business entity. This type of business entity limits owner liability up to their shares, limits the number of shareholders to 200, and restricts shareholders from publicly trading shares. Following are the procedure to register a company - Acquire Digital Signature for the directors. Obtain DIN (Director Identification Number). Fill Name application form (RUN) with MCA. After getting name, file Spice form and required documents for getting Registration Certificate Following are the required attachments need to be attach in the forms for Incorporation- Certified true copy of self-attested identity proof. Passport Size Photo of the Shareholders and Directors Address proof of the Shareholders and Directors Utility Bill and NOC from the owner for Registered Office Address Rental agreement, if premises is rented. After due verification of the application and documents provided, the ROC may grant COI (Certificate of Incorporation), which is a conclusive proof of existence of the company Learn more about process for Registering a Private Limited Company at http://www.legalwiz.in/blogs/com... Get assistance from Experts at LegalWiz.in for Registering a Private Limited Company at the nominal professional fees. Reach us at 1800 313 4151 or support@legalwiz.in

Acquisition of a company is dealt by Companies Act, 2013, where aspects of assets and shares valuation and more are dealt with. Dealing with the question here, the answer is yes, the company can be acquired by an individual. However, if it is the case where only one person will acquire the company, it will be mandatory to convert the company into One Person Company. Therefore, a process of conversion must be looked into. For the purpose conversion into OPC, the company shall not exceed the turnover limit of INR Fifty Lakh or the paid-up capital shall not be more than INR Two Crore. In other case, the company can be acquired by more than one person in form of Private or Public company. The process and disclosures prescribed under the Act must be followed. For acquisition of listed company, The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, known as Takeover Code must also be referred for disclosure and procedural requirements.

Starting a Nidhi Company in India Register Nidhi Company Online, Nidhi Company Registration Process the first step is company formation ,& Pvt ltd company registration

Starting a Nidhi Company in India Register Nidhi Company Online, Nidhi Company Registration Process the first step is company formation ,& Pvt ltd company registration

company formation in india, nidhi company registration fees, nidhi company rules, Pvt ltd company registration,

DiggDigital is No.1 Digital Marketing Company/Agency in Bangalore providing end to end SEO and Digital Marketing Services in Bangalore. As a Digital Marketing Company/Agency in Bangalore we provide WEB and Ecommerce solutions. Web design company in hubli, web development company in hubli and seo company in hubli. Digital Marketing Company in Bangalore, web design company in bangalore, web development company in bangalore and seo company in bangalore

A public limited company is a company which is authorized to sell its shares to the public in order to raise funds for commercial use. All public limited companies name ends with "PLC". It is not mandatory for a public limited company to sell its shares to the public as their shares are generally listed on either London stock exchange or alternative investment market. Public limited company is considered more prestigious than a private limited company as it is rarely formed and strictly regulated.Register your Public limited company with Finacbooks and improve your business profile.

The Companies Amendment Act, 2017 ("Amendment Act") was executed with the sole determination to resolve the challenges arising upon the implementation of the Companies Act 2013.. The primary basis for the Amendment Act 2013, is the report of the Company Law Committee(CLC). The Ministry of Corporate Affairs ("MCA") had established the Company Law Committee with the approval to: (a) Pass instructions on the challenges arising from the enactment of the Companies Act 2013. (b) Review the approvals received from the Bankruptcy Law Reforms Committee, the Law Commission of India, and other agencies, the High-Level Committee on Corporate Social Responsibility. In the beginning, The Ministry of Corporate Affairs (MCA) had disclosed 43 sections of the Amendment Act compatible to its notification dated 9 February, 2018. It also briefed 28 additional sections on 7 May, 2018. As a practice, the modifications released (dated 7 May, 2018) have provided improved transparency on the clarification of the various provisions of the Companies Act. Additionally, the MCA insists to ease the procedural requirements under the Companies Act, including the fines imposed in the event of failure to comply. Additional provisions notified. Modifications to the following main provisions were announced on the 7 May 2018:

A Private Limited Company is held and owned by a limited group of people, being not more that 200 in numbers. Whereas the Public Limited Company can be registered with any number of member, not less than 7. The word "Limited" is used as suffix in Public Limited Company whether Listed or Unlisted whereas the word "Private Limited" is used for Private Limited Company.

To register your business in organised form, there are number of options to such as Private Limited Company, LLP, One Person Company, Partnership Firm, etc. based on the requirements and strategy of the business. Considering Private Limited Company as most popular organisation structure, the process is prescribed below in 4 simple steps: Application of DSC for Directors Reservation of Name under which company will carry on its business Drafting of necessary Documents and their execution Application for registration and PAN and TAN There are number of aspects one has to look into before stepping for registration. Recommended is to also look into the post registration aspects of the business including the organisation specific and industry specific. Referred read: All you need to know for registering a company Post registration checklist for private limited company For personalised assistance, reach us on call at 1800 313 4151 or drop an e-mail at support@legalwiz.in. Visit us at https://www.legalwiz.in

The Companies Act is the first and foremost part for every Company operating under the India's Boundaries. Or we can say Companies Act is the back bone for every Company it attracts on the Company from very first day even to incorporate the Company.

The first step in developing a monthly spending budget strategy for your company is to study the financial data of your organization. You need to have an idea of what your company's monthly expenses are before you can make any changes to the company's spending patterns. This may seem like a complex task, but it isn't complicated when you know how to do it. How can you help yourself with the process? There are many different ways you can go about producing a month-to-month spending budget strategy for your company. You can hire Accountants in London to write the strategy for you, or you can take a bit of time and write your own. Either way, your management team will benefit from having a clear plan in place to follow. You want to keep in mind that you should not be late to ask for help when you need it. Business Accounting is a difficult process, and understanding the process can be time consuming if you're new to this competitive field. It is often more beneficial and time efficient to hire professional Small Business Accountants in London to come in and provide you with a comprehensive set of guidelines on how to operate your company. London Accountants can show you how to make the best use of accounting and help you move your business forward. Not only in the initial level, but also throughout the business life-cycle, they can guide you through the legal procedures and keep you up-to-date. How does the strategy work? So now that you have an idea of how to produce a month-to-month spending budget strategy for your company and how to get help for the process, it is time to get started. The best way to go about this - is to try to understand the nature of your industry as well as the company's basic functions. Once you know this, you can prepare a financial analysis to present to your finance department. They will then put all of the numbers in place and you can start following a budget strategy for your company. One thing you should remember when creating a budge

The Government fee on company registration has been waived off for the small companies having authorised capital up to INR 10 Lakh. However, the Stamp Duty shall be paid to concerned State Government. Further, for application of Name Approval, the charges of INR 1000 shall be payable to the Government in addition. LegalWiz.in provides the company registration at the affordable cost of Rs 9,999, which includes following in span of 12 to 15 days: Expert assisted process All expenses and Government fee 2 Director Identification Numbers (DIN) 2 Digital Signature Certificates (DSC) of Directors Name Approval Application MOA and AOA Drafting Application for company incorporation Certificate of Incorporation PAN Number TAN Number You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in

Brand 2 Grand is considered as one of the most recommended and to prated social media marketing company in Gurgram. As we know SMM is a demand of modern digital marketing.We have a team of certified and experienced SMM experts who are known for running paid advertisements on Facebook, LinkedIn ,Twitter.For a new brand, you have to do SMM from Brand2Grand which the best SMM company in Gurgram who can provide you best results with proper branding.

"As the owner of a cleaning company, you're always looking out for ways to grow your business and bring in more customers. In today's technology based world, cleaning businesses need websites to achieve long-term success. For many, however, it's difficult to know how to create the perfect website for their cleaning services.   Here, we'll go over what's needed to create an effective website for your commercial or residential cleaning business. With an attractive, professional website, you'll be able to inform potential customers about your cleaning services and boost your business to its full potential.   WHY DO CLEANING BUSINESSES NEED WEBSITES?   A website is an easy place for prospective customers to find your contact information and reach out to you for more information on hiring a cleaner. A professional-looking website will build your credibility as a business and is the perfect place to display glowing testimonials. On your website, you can present the services you offer, base rates, and answers to common questions.   ESSENTIAL COMPONENTS OF A BUSINESS WEBSITE: 1. DOMAIN   To start the process of building your company website, you need to choose and register a domain. A website domain appears in the site's URL. Ideally, your company's name will be available as a domain name-this will make the site easy to find for customers.  2. HOSTING SERVICE   Another crucial part of your cleaning company website will be a hosting service. Hosting services help you bring your idea for a website to fruition, providing a platform for the site to be viewed by people searching the Internet. Web hosts generally charge a monthly or yearly fee, but there are options available to fit nearly any budget.  3. Website Builder   There's good news when it comes to creating a website: you're not completely on your own. There's an assortment of online tools to help you build a functional and attractive site for your janitorial or house cleani

DiggDigital is a No. 1 Digital Marketing Company/Agency in Dubai/UAE. Being a SEO & Digital Marketing Company/Agency in Dubai/UAE we provide end to end SEO services in Dubai/UAE, Web, Ecommerce, Mobile & Digital Marketing, Along with Mobile apps development and Media Production. We are ROI based Digital Marketing Company in Dubai/UAE know as best seo company in Dubai/UAE for our work since 2012. We provide end to end digital marketing services

Explainer video companies act the hero with these types of problems. There are best quality levels and works of promoting the art and that work consummately all through ages.