Section 149 to 172 read with Companies (Appointment and Qualification of Directors) Rules, 2014. Form DIR–1: Application for including the name in the databank of Independent directors. (This form has been abolished.) Form DIR–2: Consent to act as director of the company. Form DIR–3: Application for Allotment of DIN (Director Identification Number.) Form DIR–4: Verification…
Banking Sector In India Types of Banks Commercial Banks are regulated under the Banking Regulation Act, 1949 and their business model is designed to make profit. Their primary function is to accept deposits and grant loans to the general public, corporate and government. Commercial banks can be divided into- Public Sector Private Sector Foreign Banks…
For every company the first board meeting shall be held within 30 days of incorporation and after that minimum four board meeting shall be held every year with the gap between two consecutive meetings of not more than 120 days. But in the case of one person company with more than one director, small company…
Lesson 1-Introduction to Company Law1) Details of Changes:The Central Government has been empowered to exclude certain companies, based on listing of certain securities on recognized stock exchanges, as provided by rules, in consultation with SEBI from the definition of listed companies. 2) Details of ChangesThe MCA for the Ease of doing Business has revised the…
Income tax act is such an enactment where the person who earns income have to pay tax to the government. Based on various committee recommendations and considering practical situations as well inflation, economic development the government provides minimum exemption limit and various slabs of taxation. It is normal that the assessee can claim deduction for…
The term income tax refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations. Income taxes are a source of revenue for governments. They are used to fund public services, pay…
One Person Company Registration – OPC Registration Procedure in India The concept of One Person Company is first introduced in the companies act 2013. In a Private Company, a minimum of 2 Directors and 2 Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. As…
Mutual assistance and service are the objectives as distinguished from the aim of the other forms of organization, which is primarily making of profit. It aims at encouraging self-help on the part of economically weaker sections of the society by looking after a truly cooperative society is the elimination of profit and provision of goods…
LLP Registration Process Limited liability partnership is a form of organisation which is a best alternative for partnership firms. Limited Liability Partnership Act 2008, contains the provisions for incorporation of LLP. The important point to be noted here is , there is not separate registration authority for LLP, it is through MCA website , we…
Just look on every business and just try to understand which is their strongest link for success, sure in most of the cases the answer will be employees. Employees will be happy if they feel they have a sense of belonging with the company and are able to identify them with the company. A well…
