Penalty for late filing of Registrar of Companies ReturnCompany pay Penalty for late filing of Registrar of Companies Return. Companies Act, 2013 has drastically increased the number of compliances for companies, be it private limited company or public. As per Section 92 of the Act a company mandatorily needs to file a copy of its … Read more
What, why and how of Directors Identification Number (DIN)There are certain questions that we get from our clients about the Directors Identification Number. In this article we try and discuss the reason why a DIN is required and what is the importance of the DIN. 1. What is a Directors Identification number (DIN)?Directors Identification Number (DIN) … Read more
Resignation of Director of Private Limited CompanyAs per Section 149(1)(a) of Companies Act, 2013 every private limited company needs to appoint at least 2 individuals as directors of the company. If a company wants to appoint more than 15 directors then it needs to pass a special resolution in the Extraordinary General Meeting (EGM). Every … Read more
How to apply for Trademark in class 43This class is under the main head category of Services , One is ‘Apply for Trademark in class 43’. This class is specifically for application of trademark related toServices for providing food and drink;Temporary accommodation.The class covers mainly services provided by persons or establishments whose aim is to … Read more
Rules for Declaring Dividend by Private Limited CompanyDividend is a shareholder’s share in the profits of a company. As per Section 2(35) of Companies Act, 2013 dividend includes any interim dividend. A company can use both of its revenue as well as capital profits to distribute dividend. As per sub-section (1) of Section 123 dividend … Read more
Foreign Asset and Liability Return FilingForeign Liabilities and Assets return (FLA) is to be filed by all those entities, that is, companies, partnership firms, trusts etc. who have received or made Foreign Direct Investment (FDI) from or to an entity registered outside India during the previous year. The return is to be mandatorily filed by … Read more
Duties of Directors of Private Limited CompanyThis article is in continuation to our previous article on duties of directors of a Private Limited Company. We discussed most of the legal duties of directors of Private Limited Company in our previous article. This article contains certain moral duties as per ethical and professional conduct for a … Read more
DUTIES OF DIRECTORS OF PRIVATE LIMITED COMPANYOnce you register a private limited company in India and get the incorporation certificate, you need to ensure that everyone in your team is accountable for the work. Most important person in a Private Limited company is the Director. Though a director can officially under take any and all … Read more