Quick Reference Guide to Selling on SnapdealSnapdeal is an e-commerce marketplace that allows various people to register on it as sellers and sell products to consumers on it. On every item that is sold, Snapdeal charges a small commission. After deducting the commission and taxes the amount is transferred to the seller’s bank account. Snapdeal … Read more
How to Change the Name of a Private Limited Company? To Change the Name of a Private Limited Company requires change in the MOA (Memorandum Of Association) of the company the rules of which are present in Section 13 of Companies Act, 2013 and Companies (Incorporation) Rules, 2014. Name of a Private Limited company is to be … Read more
As per Section 12 of Companies Act, 2013 a company needs to have a registered office within 15 days of receiving its Certificate of Incorporation (COI). It shall also submit address verification within 30 days of its incorporation. How to Change the Address of Private Limited Company? To Change of address can be classified into … Read more
One Person Company and It’s advantages & DisadvantagesWe discus here an One Person Company and It’s advantages & Disadvantages ,first we know-What is a One Person Company?One person company or popularly known as OPC is a new concept that came into existence along with Companies Act, 2013. It can be said as a company run by a sole … Read more
How to Open a Bank Account of a Private Limited Company?Reserve Bank of India is strict when it comes to KYC (Know Your Customer) norms. But that’s not a problem with companies. Since companies have a separate legal identity it is quite easier to open a current account. After receiving the Certificate of Incorporation (COI), … Read more
Companies Act, 2013 not only re-organized the provisions of Companies Act, 1956 but also introduced some new ones. One of them being the appointment of a Women Director in Private Limited Company. Till now there was no such provision but in order to give confidence to women, the new Companies Act provides for appointment of … Read more
What is Company Identification Number (CIN)?What is Company Identification Number or CIN is an unique 21-digit alpha-numeric number that is assigned to every company by Registrar of Companies (ROCs) governed by Ministry of Corporate Affairs (MCA). The certificate containing the unique number is allotted by the ROCs after they approve the name of a company. … Read more
Companies Act, 2013 provides appointment of auditor for a Government Company or a company other than that. The appointment of an auditor for a private limited company is specified under section 139 of Companies Act, 2013. As per sub section (6) of Section 139 the first auditor of a company shall be appointed by its … Read more