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ADVANTAGES AND DISADVANTAGES OF INCORPORATION INCORPORATION OF COMPANY Incorporation is done by getting the company registered with the Registrar of Companies. The required fee for registration is paid and the certificate of Registration is obtained from the Registrar of Companies. The company becomes an entity only after it is registered. It is, therefore, said that…
PROCEDURE FOR ONLINE REGISTRATION OF A COMPANY : The steps required for online registration of company. PROCEDURE FOR ONLINE REGISTRATION OF A COMPANY To register a company, you need to first apply for a Director Identification Number (DIN) which can be done by filing e-Form for acquiring the DIN. You would then need to acquire…
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Need of registration of company: Benefits of registration of company; importance of registration of company. REGISTRATION OF COMPANY Registration of company refers to registering the company with the registrar of companies under the Companies Act in force. It means giving birth to the company in the eyes of the law. Registration of company gives legal…
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Certificate of incorporation is conclusive evidence comment. The statement that ‘A certificate of incorporation is conclusive evidence that all the requirements of the Companies act have been complied with’ is very true. Certificate of incorporation is the certificate granted to public as well as private company to recognise its existence in the eyes of law….
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INCORPORATION OF COMPANY IN COMPANY LAW: Stages of incorporation or formation of company. INCORPORATION OF COMPANY Incorporation is done by getting the company registered with the Registrar of Companies. The required fee for registration is paid and the certificate of Registration is obtained from the Registrar of Companies. The company becomes an entity only after…
DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANY UNDER COMPANIES ACT 2013 PRIVATE COMPANY: Section 2(68) of the Companies (Amendment) Act, 2015 defines a Private Company as a company which has a minimum paid up capital as may be prescribed, and by its articles: (i) restricts the rights of its members to transfer of share, (if it…
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CONVERSION OF PUBLIC COMPANY INTO PRIVATE COMPANY AS PER COMPANIES ACT 2013 PUBLIC COMPANY According to the Companies Act of 2013, a company that is listed on a stock exchange and is able to offer its securities to the general public is referred to as a public company. The company must launch an IPO in…
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Special privileges of private company under company law PRIVATE COMPANY: A private company is a firm held under private ownership. Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an initial public offering (IPO). Section 2(68) of the Companies (Amendment) Act, 2015…
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LIFTING UP OF CORPORATE VEIL UNDER COMPANIES ACT 2013: Statutory provisions and judicial provisions, Salmon vs Salmon & Co. case CORPORATE VEIL The Corporate Veil is a shield that protects the members from the action of the company. In simple terms, if a company violates any law or incurs any liability, then the members cannot…
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FEATURES OF COMPANIES UNDER COMPANIES ACT 2013: Statutory body, voluntary association, minimum and maximum number of members, perpetual succession, common seal, registration, transferability of shares etc. Company is an artificial person created by the law for some common purpose where the capital is divisible into parts known as shares with perpetual succession and common seal. ACCORDING…
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