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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.

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

With growing digitization, people preferring more automate accounting systems instead of manual accounting systems. Earlier, they used to do make bills by writing on blank paper and its too time-consuming activity. But, nowadays, there are numerous GST Billing Software available online who takes the responsibility of doing every activity related to accounting. Accounting task means, every task starting from generating bills in real-time till preparation of financial statements like Trading P&L, Balance Sheet, etc. Invoice app considers essential tools for every type of organization who records receivable and payable money by running an income report which can have your income data, incorporate paid, pending and draft invoice. For the last 10 months, I am using one of the GST Accounting Software for doing every task related to accounting named BTHAWK. It helps me generating an invoice in real-time and also able to share invoices on WhatsApp with clients.

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