Section 248 has declared several steps through which restoration of dissolved companies name is possible. When companies are dissolved, it is possible to re-establish it according to the laws laid on the Register of Companies by National Company Law Tribunal order. The application to restart a company can be applied by the member of the company, the creditor, or even …
Annual compliances for One person Company and other Small Private Companies
The Companies Act, 2013 dictates that any individual who is the sole owner or founder can successfully start a company under One Person Company or OPC. According to this Act, only a single entity can function as the shareholder and as the director. Earlier, the Companies Act, 1956 demanded that a private limited company …
Any prohibited act or a crime can be referred as an Offence. More importantly, when an act is punishable by the legal system, the act is considered an offence. In order to report an offence, it is necessary to register the complaint with the appropriate authority, e.g., the police or magistrate. In order to understand the machinery of law, …
Required documents for removal of company name by Form STK2
Form STK-2 has been introduced by the Ministry of Corporate Affairs or MCA. It intends to eradicate name from the register of companies. It was made available to the users from April 5th onwards. The MCA introduced Sections ranging from 248 to 252 of the Companies Act, 2013. As per this company, names can be successfully …
Appointment of First Auditor
Any company requires the fulfillment of its financial accounts and accounting dealings in accordance with the accurate laws. It is the duty of an auditor to keep a track on the modifications that are amended now and then. The auditor follows the provisions cited in Companies Act 2013 Act and ensures that the company is conforming to the existing set of …