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Benefits of one person company. One person company is a new concept introduced by New Companies Act 2013.
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ONE PERSON COMPANY
A limited liability with one person company in INDIA , grab the opportunity & be a Passionate entrepreneur....
One Person Company
This document provides information about One Person Companies (OPCs) as established under Section 2(62) of the Indian Companies Act of 2013. It defines an OPC as a company with one shareholder and one director who can be the same person. The key points covered include:
- An OPC allows sole proprietors to take advantage of limited liability as a company.
- Only Indian citizens/residents can open an OPC. An individual cannot own two OPCs.
- OPCs have certain exemptions from compliance requirements like holding annual meetings.
- OPCs are similar to private limited companies but have more restrictions on foreign ownership and require mandatory conversion once certain thresholds are met.
- OPCs
7 Reasons to Register One Person Company in India
Complete Guide on One Person Company Registration in India, How to Register OPC helping the Starting One Man Company, Benefits of OPC Incorporation in Mumbai, Pune, Bangalore, Delhi, Chennai & all over India.
One Person Company
Aapka Consultant provides various consultancy services at one click by following a single window system to Individuals, Firms, Entrepreneurs, Companies, Businesses and Start ups by simplifying time-consuming and cumbersome paperwork with utmost professionalism in speedy manner. Using our extensive market knowledge and expertise, we get your work done at a reasonable cost within the time limit. We had started from Jodhpur and now we have reached in New Delhi, Mumbai, Chennai, Bangalore, Raipur and Jaipur. We are on the way to reach across country in next few years. As our tagline suggests, we will be ‘Humesha Aapke Saath’ for the services which we provide on our user friendly web portal mentioned below:-
BUSINESS CONSULTANT
Here we provide single window consultancy for your business through our network of experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Insurance agents, Ex-Bankers and Financial Experts across the globe by providing a comprehensive range of services in order to save your valuable time and money which you can invest in growing your business.
CONNECT CONSULTANT
It is designed to make legal consultation simpler by arranging authentic, direct legal opinion of Hon’ble Retired Judges through a medium of mutual convenience through our online user friendly web portal. In this concept, we are striving to connect the unconnected quarters of the legal world. Our model is to connect clients to Hon’ble Retired Judges of various courts i.e. Supreme Court, High Court, Session/ District Court & Magistrate Court, as per suitability, for legal opinion.
LEGAL RECRUITMENT CONSULTANT
Here we are striving to connect the cherished minds of the legal world with various Law Firms, Multi-national Companies, Non-governmental Organizations, Advocates, Universities etc. across the globe. Our focus is on providing permanent, contract and temporary recruitment services to our candidates within the legal world.
Opc one person company
This document discusses one person companies (OPCs) in India. An OPC allows a single individual to form a corporate entity, limiting their liability to the company while still enjoying corporate benefits. Key points include that OPCs promote entrepreneurship, have simple registration requirements, and exempt the single member from various governance rules like holding annual meetings. OPCs provide liability protection and separate legal status compared to sole proprietorships. The document outlines provisions for OPCs in India's Companies Bill of 2009, including defining OPCs, registration requirements, and exempting them from annual meetings.
One person company (OPC) as per Companies Act, 2013
Quick review of one person company (OPC) under companies act, 2013. its Special feature, privileges, incorporation, conversion,
One Person Company Information
One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opportunities and particularly spectacular possibilities for sole proprietorship's and entrepreneurs who can enjoy the advantages of limited liability, and the benefit of separate legal entity as well.
One person company
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
Recommended
ONE PERSON COMPANY
A limited liability with one person company in INDIA , grab the opportunity & be a Passionate entrepreneur....
One Person Company
This document provides information about One Person Companies (OPCs) as established under Section 2(62) of the Indian Companies Act of 2013. It defines an OPC as a company with one shareholder and one director who can be the same person. The key points covered include:
- An OPC allows sole proprietors to take advantage of limited liability as a company.
- Only Indian citizens/residents can open an OPC. An individual cannot own two OPCs.
- OPCs have certain exemptions from compliance requirements like holding annual meetings.
- OPCs are similar to private limited companies but have more restrictions on foreign ownership and require mandatory conversion once certain thresholds are met.
- OPCs
7 Reasons to Register One Person Company in India
Complete Guide on One Person Company Registration in India, How to Register OPC helping the Starting One Man Company, Benefits of OPC Incorporation in Mumbai, Pune, Bangalore, Delhi, Chennai & all over India.
One Person Company
Aapka Consultant provides various consultancy services at one click by following a single window system to Individuals, Firms, Entrepreneurs, Companies, Businesses and Start ups by simplifying time-consuming and cumbersome paperwork with utmost professionalism in speedy manner. Using our extensive market knowledge and expertise, we get your work done at a reasonable cost within the time limit. We had started from Jodhpur and now we have reached in New Delhi, Mumbai, Chennai, Bangalore, Raipur and Jaipur. We are on the way to reach across country in next few years. As our tagline suggests, we will be ‘Humesha Aapke Saath’ for the services which we provide on our user friendly web portal mentioned below:-
BUSINESS CONSULTANT
Here we provide single window consultancy for your business through our network of experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Insurance agents, Ex-Bankers and Financial Experts across the globe by providing a comprehensive range of services in order to save your valuable time and money which you can invest in growing your business.
CONNECT CONSULTANT
It is designed to make legal consultation simpler by arranging authentic, direct legal opinion of Hon’ble Retired Judges through a medium of mutual convenience through our online user friendly web portal. In this concept, we are striving to connect the unconnected quarters of the legal world. Our model is to connect clients to Hon’ble Retired Judges of various courts i.e. Supreme Court, High Court, Session/ District Court & Magistrate Court, as per suitability, for legal opinion.
LEGAL RECRUITMENT CONSULTANT
Here we are striving to connect the cherished minds of the legal world with various Law Firms, Multi-national Companies, Non-governmental Organizations, Advocates, Universities etc. across the globe. Our focus is on providing permanent, contract and temporary recruitment services to our candidates within the legal world.
Opc one person company
This document discusses one person companies (OPCs) in India. An OPC allows a single individual to form a corporate entity, limiting their liability to the company while still enjoying corporate benefits. Key points include that OPCs promote entrepreneurship, have simple registration requirements, and exempt the single member from various governance rules like holding annual meetings. OPCs provide liability protection and separate legal status compared to sole proprietorships. The document outlines provisions for OPCs in India's Companies Bill of 2009, including defining OPCs, registration requirements, and exempting them from annual meetings.
One person company (OPC) as per Companies Act, 2013
Quick review of one person company (OPC) under companies act, 2013. its Special feature, privileges, incorporation, conversion,
One Person Company Information
One person company is a concept introduced in India by the Companies Act, 2013. The concept opens up new vistas of business opportunities and particularly spectacular possibilities for sole proprietorship's and entrepreneurs who can enjoy the advantages of limited liability, and the benefit of separate legal entity as well.
One person company
in this presentation , explained about one person company.
it's a new concept which includes some feature of sole trading concern and some features of a company.
Opc compliances
One Person Company (OPC) is a new type of business structure introduced in India through the Companies Act, 2013. An OPC can be formed by only one natural person who is an Indian citizen, and provides a hybrid structure between a private limited company and proprietorship. Key requirements for an OPC include incorporation by a single member, nomination of another person in case of member's death or incapacity, and compliance with various regulatory filings including financial statements signed by one director. The document outlines the process for incorporating an OPC, ongoing compliance requirements, and various relaxations provided such as exemption from holding annual general meetings and requirement of cash flow statement in financial statements.
One person company final
This document provides an overview of One Person Companies (OPCs) in India, including:
- Background and reasons for OPCs being introduced
- Key features such as having a single member/shareholder, limited liability, and separate legal identity
- Differences between OPCs and sole proprietorships
- Process for incorporating an OPC
- Compliance requirements for OPCs like annual returns and meetings
- Advantages of OPCs for small businesses and entrepreneurs
- Circumstances under which an OPC must convert to a public or private company
The document concludes that OPCs provide opportunities for small entrepreneurs by reducing compliance burdens while still offering benefits like limited liability.
One person company
OPC is a one shareholder corporate entity. It can be incorporated with one Resident Promoter and one Director.
One Person Company (OPC) under new Companies Act, 2013
The presentation elaborate the broad feature of One Person Company ( OPC ) under New Companies Act, 2013.
THE SINGLE MEMBER COMPANY UNDER THE NEW COMPANIES ACT
The document summarizes key aspects of Kenya's new Companies Act regarding single member companies. It notes that the new Act allows a single person to incorporate a private company on their own as both the sole member and director. This provides benefits like limited liability that were previously only available through incorporating with multiple members. However, questions remain about issues like company succession upon the death of the sole member/director and protecting third parties transacting with such companies. The document concludes by recommending having additional directors to help ensure continued operation if the sole member/director passes away.
OPC vs LLP vs Pvt Ltd vs Partnership vs Sole Propreitorship
This document compares the key features of different business entity structures in India including One Person Company (OPC), Private Limited Company, Limited Liability Partnership (LLP), Sole Proprietorship, and Partnership. It outlines the registration requirements, capital requirements, governance structures, taxation, liability, conversion and dissolution processes for each entity type. The OPC, Private Limited Company and LLP are separate legal entities registered with the Registrar of Companies, while sole proprietorship and general partnership are not separate legal entities.
ONE PERSON COMPANY COMPANIES ACT 2013
An One Person Company (OPC) is a company with only one member. To incorporate an OPC in India, the member must be a natural-born Indian citizen and resident of India. An OPC limited by shares must have a minimum paid up capital of INR 1 Lac and restricts the transfer of shares while prohibiting public subscription of securities. The name of an OPC includes "XYZ Services Pvt Ltd (OPC/ One Person Company)" and it must nominate a person whose name and consent is included in forms submitted for incorporation. After submitting the proper forms, documents, and fees for incorporation, the Registrar of Companies will issue a Certificate of Incorporation if approved.
One person company
The document discusses the key provisions around One Person Companies (OPCs) as per the Companies Act, 2013 and Companies (Incorporation) Rules, 2014 in India. Some key points:
- An OPC is a company with only one person as a member and a natural person as a nominee in the event of the member's death.
- The member must be an Indian citizen residing in India. OPCs can be limited by shares, guarantee, or unlimited.
- Provisions around incorporation, memorandum of association, conversion if thresholds are exceeded, and other compliance requirements are explained.
One person company
This document provides an overview of One Person Companies (OPCs) in India. Key points:
- OPCs allow a single person to incorporate a private company with limited liability. This provides benefits like access to loans and markets.
- Only natural-born Indian citizens resident in India can incorporate an OPC. An OPC must have a nominee in case the member dies or becomes incapacitated.
- OPCs are exempt from some requirements that apply to regular private companies, like annual general meetings. But they still must file annual returns and financial statements.
- Compared to sole proprietorships, OPCs provide limited liability and allow for succession through a nominee. They also have higher tax rates but
Classification of Company
This document presents a presentation on the classification of companies. It discusses various ways companies can be classified, including by formation (statutory, registered, chartered), liability (limited by shares, guarantee, unlimited), membership (private, public, one person), control (holding, subsidiary, government), place (foreign, Indian), and others (dormant, licensed, producer, illegal, associate). The key classifications discussed are private and public limited companies, with private limited having fewer members and transferability restrictions, while public limited must invite public investment and have no member limits. The document provides details on features of companies and examples and definitions of the different classifications.
One person company- New Concept introduced in Companies Act, 2013
The document discusses key features of a One Person Company (OPC), a new type of company introduced under the Indian Companies Act of 2013 to promote entrepreneurship. An OPC can have only one member and one director, who must be an Indian citizen residing in India. It must have a minimum paid-up capital of 100,000 rupees. An OPC can nominate another person to become the member if the sole member dies or becomes incapacitated. OPCs have fewer regulatory requirements compared to other types of companies, such as no need to hold annual general meetings. They must indicate their status as an OPC on all documents and cease being an OPC if their paid-up capital or turnover exceeds specified limits
Classification of companies
This document discusses different ways to classify companies based on their incorporation, liability, number of members, control, and ownership. It outlines that companies can be chartered, statutory, or registered based on how they are incorporated. Based on liability, companies are either limited or unlimited. Private companies have fewer than 50 members, while public companies must have a minimum of 5 lakh paid-up capital. Holding companies control other subsidiary companies. Government companies are at least 51% owned by the central or state government, while foreign companies are incorporated outside of India.
Incorporation of One Person Company under Companies Act 2013
An individual Indian citizen can incorporate a one person company (OPC) to enjoy the benefits of limited liability. To incorporate an OPC, the individual must have a minimum capital of Rs. 1 lakh and appoint a nominee. The incorporation process involves applying for director identification numbers, a digital signature certificate, name availability, and filing memorandum of association, articles of association, and other documents with the registrar of companies. After receiving a certificate of incorporation, the OPC must file forms regarding its registered office location and commencement of business within 30 and 180 days respectively.
Companies (Limited By Share, Guarantee, etc.)
BY ZALEHA ZAIN AND PARTNER.
COMPANIES
CONTENTS
Types of Companies
Differences between Companies and Partnerships
Advantages of Companies over Partnerships
TYPES OF COMPANIES
Companies in Malaysia are classified according to:
(i) liability or
(ii) private or public status
BY LIABILITY
S.14 (2) Companies Act 1965 (CA) – a company may be:
A company limited by shares;
A company limited by guarantee;
A company limited by shares and guarantee;
An unlimited (liability) company.
FOREIGN COMPANY
S.4(1): ‘Where the company, or corporation, society, association or other body incorporated outside Malaysia, but which carries on business in Malaysia..‘
It is wholly or majority owned (measured in % of shares held) by non-Malaysians.
Such company has to lodge certain documents as laid down in S.332(1) CA 1965 and pay the appropriate fees before commencing the business in Malaysia.
A foreign company registered under the “Companies Act” 1965 has the power to hold immovable property in Malaysia.
Companies Act, 1956 And Companies Bill, 2012
The document provides a comparative analysis of key aspects of the Companies Act of 1956 and the proposed Companies Bill of 2012. Some of the major changes introduced in the Bill include more comprehensive definitions, concepts of one person company and small companies, duties and roles of directors, provisions around independent directors, corporate social responsibility, e-governance, auditor accountability, and protection for minority shareholders. New concepts like serious fraud investigation office, cross-border mergers, and uniform financial year are also introduced.
Companies bill, 2011 vinod kothari final
This document provides an overview and analysis of key provisions in the Companies Bill 2012 from Vinod Kothari, a consultant on company law. Some of the major changes highlighted include:
- Increased use of special resolutions for matters like director appointments and removals that previously only required ordinary resolutions.
- Tighter rules around independent directors including prohibiting any pecuniary relationships and requiring them to take a 3 year gap before returning to the board.
- Expanded duties and liabilities for directors and auditors, including civil liability for auditors if convicted of an offence.
- Mandatory provisions for resignation of directors and longer vacation of office periods for non-attendance of meetings.
- Creation of
corporate law (CL) Under company act 2013
corporate law (CL) Under company act 2013.
What is corporate law? The background of Companies Act 1956. What is the importance of this Act?
Memorandum of association. Doctrine of ultra vires. Articles of association. Doctrine of indoor management.
New Companies Act, 2013
The document provides a summary and analysis of key aspects of the New Companies Act 2013 in India. Some of the major changes and highlights include:
- Introduction of a new type of entity called a "One Person Company" that allows a single natural person to incorporate a company.
- Removal of the requirement to classify company objects in the memorandum of association as main/ancillary.
- Introduction of provisions for entrenchment clauses in articles of association for public companies.
- Stricter requirements for company incorporation including affidavits from subscribers and directors and penalties for false information.
- Empowering the registrar of companies to remove companies that do not commence business within 180 days of incorporation.
www.csnoteshome.com company law notes
A one person company allows a sole proprietor to incorporate their business as a separate legal entity with limited liability, where only one person is required as both the sole shareholder and sole director to form the company. Key requirements for a one person company include the sole member and nominee being Indian citizens and residents. The concept provides benefits like perpetual succession and easier financing while reducing compliance requirements compared to other company structures.
Incorporation of a company
The document discusses the Memorandum of Association (MOA) and Articles of Association (AOA) which are the primary documents required to incorporate a company. The MOA defines the core objectives and activities of the company, while the AOA contains rules for internal management. Both documents can be altered, but the MOA requires more formal processes like shareholder approval. Together they provide the framework and governance for a company's operations.
TEDx Presentation - A Single Person Can Take a Single Step
In this presentation, delivered at TEDxWANCHAI, I speak about the power of individuals to have an impact through simple steps.
Difference between private company & public company
A private company has restrictions on the number of shareholders between 2-50, requires a minimum paid up capital of Rs. 100,000, and restricts the transfer of shares. A public company requires a minimum of 7 shareholders, a paid up capital of Rs. 5 lakh, and has no restriction on the number or transfer of shares. Private companies also have fewer regulatory requirements compared to public companies regarding director appointments, meetings, and remuneration.
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Opc compliances
One Person Company (OPC) is a new type of business structure introduced in India through the Companies Act, 2013. An OPC can be formed by only one natural person who is an Indian citizen, and provides a hybrid structure between a private limited company and proprietorship. Key requirements for an OPC include incorporation by a single member, nomination of another person in case of member's death or incapacity, and compliance with various regulatory filings including financial statements signed by one director. The document outlines the process for incorporating an OPC, ongoing compliance requirements, and various relaxations provided such as exemption from holding annual general meetings and requirement of cash flow statement in financial statements.
One person company final
This document provides an overview of One Person Companies (OPCs) in India, including:
- Background and reasons for OPCs being introduced
- Key features such as having a single member/shareholder, limited liability, and separate legal identity
- Differences between OPCs and sole proprietorships
- Process for incorporating an OPC
- Compliance requirements for OPCs like annual returns and meetings
- Advantages of OPCs for small businesses and entrepreneurs
- Circumstances under which an OPC must convert to a public or private company
The document concludes that OPCs provide opportunities for small entrepreneurs by reducing compliance burdens while still offering benefits like limited liability.
One person company
OPC is a one shareholder corporate entity. It can be incorporated with one Resident Promoter and one Director.
One Person Company (OPC) under new Companies Act, 2013
The presentation elaborate the broad feature of One Person Company ( OPC ) under New Companies Act, 2013.
THE SINGLE MEMBER COMPANY UNDER THE NEW COMPANIES ACT
The document summarizes key aspects of Kenya's new Companies Act regarding single member companies. It notes that the new Act allows a single person to incorporate a private company on their own as both the sole member and director. This provides benefits like limited liability that were previously only available through incorporating with multiple members. However, questions remain about issues like company succession upon the death of the sole member/director and protecting third parties transacting with such companies. The document concludes by recommending having additional directors to help ensure continued operation if the sole member/director passes away.
OPC vs LLP vs Pvt Ltd vs Partnership vs Sole Propreitorship
This document compares the key features of different business entity structures in India including One Person Company (OPC), Private Limited Company, Limited Liability Partnership (LLP), Sole Proprietorship, and Partnership. It outlines the registration requirements, capital requirements, governance structures, taxation, liability, conversion and dissolution processes for each entity type. The OPC, Private Limited Company and LLP are separate legal entities registered with the Registrar of Companies, while sole proprietorship and general partnership are not separate legal entities.
ONE PERSON COMPANY COMPANIES ACT 2013
An One Person Company (OPC) is a company with only one member. To incorporate an OPC in India, the member must be a natural-born Indian citizen and resident of India. An OPC limited by shares must have a minimum paid up capital of INR 1 Lac and restricts the transfer of shares while prohibiting public subscription of securities. The name of an OPC includes "XYZ Services Pvt Ltd (OPC/ One Person Company)" and it must nominate a person whose name and consent is included in forms submitted for incorporation. After submitting the proper forms, documents, and fees for incorporation, the Registrar of Companies will issue a Certificate of Incorporation if approved.
One person company
The document discusses the key provisions around One Person Companies (OPCs) as per the Companies Act, 2013 and Companies (Incorporation) Rules, 2014 in India. Some key points:
- An OPC is a company with only one person as a member and a natural person as a nominee in the event of the member's death.
- The member must be an Indian citizen residing in India. OPCs can be limited by shares, guarantee, or unlimited.
- Provisions around incorporation, memorandum of association, conversion if thresholds are exceeded, and other compliance requirements are explained.
One person company
This document provides an overview of One Person Companies (OPCs) in India. Key points:
- OPCs allow a single person to incorporate a private company with limited liability. This provides benefits like access to loans and markets.
- Only natural-born Indian citizens resident in India can incorporate an OPC. An OPC must have a nominee in case the member dies or becomes incapacitated.
- OPCs are exempt from some requirements that apply to regular private companies, like annual general meetings. But they still must file annual returns and financial statements.
- Compared to sole proprietorships, OPCs provide limited liability and allow for succession through a nominee. They also have higher tax rates but
Classification of Company
This document presents a presentation on the classification of companies. It discusses various ways companies can be classified, including by formation (statutory, registered, chartered), liability (limited by shares, guarantee, unlimited), membership (private, public, one person), control (holding, subsidiary, government), place (foreign, Indian), and others (dormant, licensed, producer, illegal, associate). The key classifications discussed are private and public limited companies, with private limited having fewer members and transferability restrictions, while public limited must invite public investment and have no member limits. The document provides details on features of companies and examples and definitions of the different classifications.
One person company- New Concept introduced in Companies Act, 2013
The document discusses key features of a One Person Company (OPC), a new type of company introduced under the Indian Companies Act of 2013 to promote entrepreneurship. An OPC can have only one member and one director, who must be an Indian citizen residing in India. It must have a minimum paid-up capital of 100,000 rupees. An OPC can nominate another person to become the member if the sole member dies or becomes incapacitated. OPCs have fewer regulatory requirements compared to other types of companies, such as no need to hold annual general meetings. They must indicate their status as an OPC on all documents and cease being an OPC if their paid-up capital or turnover exceeds specified limits
Classification of companies
This document discusses different ways to classify companies based on their incorporation, liability, number of members, control, and ownership. It outlines that companies can be chartered, statutory, or registered based on how they are incorporated. Based on liability, companies are either limited or unlimited. Private companies have fewer than 50 members, while public companies must have a minimum of 5 lakh paid-up capital. Holding companies control other subsidiary companies. Government companies are at least 51% owned by the central or state government, while foreign companies are incorporated outside of India.
Incorporation of One Person Company under Companies Act 2013
An individual Indian citizen can incorporate a one person company (OPC) to enjoy the benefits of limited liability. To incorporate an OPC, the individual must have a minimum capital of Rs. 1 lakh and appoint a nominee. The incorporation process involves applying for director identification numbers, a digital signature certificate, name availability, and filing memorandum of association, articles of association, and other documents with the registrar of companies. After receiving a certificate of incorporation, the OPC must file forms regarding its registered office location and commencement of business within 30 and 180 days respectively.
Companies (Limited By Share, Guarantee, etc.)
BY ZALEHA ZAIN AND PARTNER.
COMPANIES
CONTENTS
Types of Companies
Differences between Companies and Partnerships
Advantages of Companies over Partnerships
TYPES OF COMPANIES
Companies in Malaysia are classified according to:
(i) liability or
(ii) private or public status
BY LIABILITY
S.14 (2) Companies Act 1965 (CA) – a company may be:
A company limited by shares;
A company limited by guarantee;
A company limited by shares and guarantee;
An unlimited (liability) company.
FOREIGN COMPANY
S.4(1): ‘Where the company, or corporation, society, association or other body incorporated outside Malaysia, but which carries on business in Malaysia..‘
It is wholly or majority owned (measured in % of shares held) by non-Malaysians.
Such company has to lodge certain documents as laid down in S.332(1) CA 1965 and pay the appropriate fees before commencing the business in Malaysia.
A foreign company registered under the “Companies Act” 1965 has the power to hold immovable property in Malaysia.
Companies Act, 1956 And Companies Bill, 2012
The document provides a comparative analysis of key aspects of the Companies Act of 1956 and the proposed Companies Bill of 2012. Some of the major changes introduced in the Bill include more comprehensive definitions, concepts of one person company and small companies, duties and roles of directors, provisions around independent directors, corporate social responsibility, e-governance, auditor accountability, and protection for minority shareholders. New concepts like serious fraud investigation office, cross-border mergers, and uniform financial year are also introduced.
Companies bill, 2011 vinod kothari final
This document provides an overview and analysis of key provisions in the Companies Bill 2012 from Vinod Kothari, a consultant on company law. Some of the major changes highlighted include:
- Increased use of special resolutions for matters like director appointments and removals that previously only required ordinary resolutions.
- Tighter rules around independent directors including prohibiting any pecuniary relationships and requiring them to take a 3 year gap before returning to the board.
- Expanded duties and liabilities for directors and auditors, including civil liability for auditors if convicted of an offence.
- Mandatory provisions for resignation of directors and longer vacation of office periods for non-attendance of meetings.
- Creation of
corporate law (CL) Under company act 2013
corporate law (CL) Under company act 2013.
What is corporate law? The background of Companies Act 1956. What is the importance of this Act?
Memorandum of association. Doctrine of ultra vires. Articles of association. Doctrine of indoor management.
New Companies Act, 2013
The document provides a summary and analysis of key aspects of the New Companies Act 2013 in India. Some of the major changes and highlights include:
- Introduction of a new type of entity called a "One Person Company" that allows a single natural person to incorporate a company.
- Removal of the requirement to classify company objects in the memorandum of association as main/ancillary.
- Introduction of provisions for entrenchment clauses in articles of association for public companies.
- Stricter requirements for company incorporation including affidavits from subscribers and directors and penalties for false information.
- Empowering the registrar of companies to remove companies that do not commence business within 180 days of incorporation.
www.csnoteshome.com company law notes
A one person company allows a sole proprietor to incorporate their business as a separate legal entity with limited liability, where only one person is required as both the sole shareholder and sole director to form the company. Key requirements for a one person company include the sole member and nominee being Indian citizens and residents. The concept provides benefits like perpetual succession and easier financing while reducing compliance requirements compared to other company structures.
Incorporation of a company
The document discusses the Memorandum of Association (MOA) and Articles of Association (AOA) which are the primary documents required to incorporate a company. The MOA defines the core objectives and activities of the company, while the AOA contains rules for internal management. Both documents can be altered, but the MOA requires more formal processes like shareholder approval. Together they provide the framework and governance for a company's operations.
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OPC vs LLP vs Pvt Ltd vs Partnership vs Sole Propreitorship
OPC vs LLP vs Pvt Ltd vs Partnership vs Sole Propreitorship
One person company- New Concept introduced in Companies Act, 2013
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- Infosys is a global consulting and IT services company founded in 1981 that pioneered the Global Delivery Model. It has grown from $250 to $4 billion in revenue and is a preferred employer known for its innovative business models.
- Infosys has expanded its geographical and vertical footprint through subsidiaries and new service offerings like consulting, business process management, and systems integration. It focuses on operational excellence, talent retention, and a trusted brand.
- While Infosys faces short-term challenges from economic uncertainty and long-term challenges around resources and market expansion, it has strong financials with high liquidity, quality receivables, and superior returns. It aims to reduce attrition and benchmark performance.
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I prepared this presentation for the end of semester. You can use it as you find it helpful.
Currently I am creating ElifNotes ( https://elifnotes.com ) for students looking help in English Literature studies.
What are the differences between a Private Limited Company and a Limited Liab...
What are the differences between a Private Limited Company and a Limited Liab...Wisteria Formations Limited
An informative article outlining the key differences between a Private Limited Company and a Limited Liability Partnership, alongside the respective advantages and disadvantages of each.Difference between companies
1. The document discusses various types of companies under corporate law in Pakistan including listed vs unlisted companies, public vs private companies, limited by share vs limited by guarantee, public vs single member companies, public companies vs joint ventures, and limited by guarantee vs joint ventures.
2. The key differences between each type of company are explained such as membership requirements, ability to invite public subscription, filing of accounts and reports, and liability of members.
3. Examples are provided for each type of company to illustrate the concepts discussed.
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kinds of compay under Companies Ordinance, XLVII of 1984 by waqas balouch
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Economic cooperation organization (eco) – member nations
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Attaching a
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