The Companies Act, 2013 introduces a concept of a dormant company within its ambit. It is the first time that such a concept is thought of, i.e. company which is not active. Section-455 of Companies Act, 2013 talks about a New Provision Calls “DORMANT COMPANY”. This concept was not there in Companies Act, 1956. Another name […]
STATUTORY PROVISIONS UNDER COMPANIES ACT, 2013 Section 164 of the Companies Act, 2013 deals with disqualification of directors. As per the provisions of section 164(2)(a), a director in a company that has not filed financial statements or annual returns for three financial years continuously would not be eligible for re-appointment in that company or for
DISQUALIFICATION OF DIRECTORS UNDER COMPANIES ACT, 2013 Read More »
SECTION – 7 READ WITH RULE 3 & 4 OF COMPANIES (INCORPORATION) RULES, 2014 Till March, 2014, if you wanted to set up a private company, you needed at least one other person because the law mandated a minimum of two shareholders. So, for the person wanting to venture alone, the only option was proprietorship,
ADVANTAGE OR DISADVANTAGE OF ONE PERSON COMPANY (OPC) Read More »
