In this webinar, we shall look at the filing requirements for a company in Singapore and the time limits and other applicable conditions
- ACRA (Accounting and Corporate Regulatory Authority of Singapore) is a government body that oversees and enforces company regulations in Singapore. The Singapore Companies Act requires companies to hold AGM and file an Annual Return with ACRA.
- IRAS (Inland Revenue Authority of Singapore) is the government agency responsible for collecting taxes in Singapore. All Singapore companies are required to pay taxes and file annual tax returns with IRAS
Under Indian Companies Act, 2013 - the concept of Dormant Company has been introduced. If your Group have some inactive companies then by using this Section - you can skip expense on accounts preparation, audit, and routine filing. The Corporate Hibernation can continue for five years at a time. Good for Auditors too - as such companies will not be counted under the limits of 20.
1) A dormant company under the Companies Act 2013 allows promoters to hold assets or intellectual property under a corporate shield for future use.
2) According to Section 455, an inactive company that has not had significant transactions or filed financial statements in the last two years can apply to be classified as a dormant company.
3) Dormant companies have reduced filing requirements but must still hold board meetings and file annual declarations to maintain their dormant status.
This document is the IRS Form 11-C for occupational tax and registration for wagering. It provides instructions for individuals and agents involved in accepting wagers to register with the IRS and pay the associated occupational tax. Key details include:
- Individuals accepting wagers for their own account ("principals") must complete certain sections including information about locations, agents, and other persons on whose behalf wagers are accepted.
- Agents accepting wagers on behalf of others must provide information about the persons they accept wagers for.
- The tax is either $50 or $500 depending on whether wagers accepted are authorized by state law, and is paid once annually for periods beginning July 1. Pror
Strike off (easy exit) way to shut down a company (kn p partners)ADITYA PANDEY
The defunct companies are also required to comply the Company Law provisions and file requisite forms. In case of default the penalty under Act is so high. So, it is better to strike off the company, once you decide to stop the business and avoid penalty and litigation.
The document discusses requirements and procedures for obtaining dormant company status under the Companies Act of 2013 in India. A company can apply for dormant status by passing a special resolution or with consent of 3/4 of shareholders. It must file an application in Form MSC-1 along with fees. If approved, the Registrar of Companies will issue a certificate in Form MSC-2. A dormant company must have a minimum of one director and file an annual return in Form MSC-3 audited by a chartered accountant. It can apply to become an active company again in Form MSC-4, and the registrar can inquire into any dormant company suspected of operating.
Strike off & Winding up as per section 248 & section 271 272 of CA, 2013 NoopurNoopur Dalal
NOTE ON POWERS OF ROC FOR STRIKING OFF/ WINDING UP OF THE COMPANY
This note has been prepared to explain the powers of ROC for striking off the company when it becomes dormant/inactive or for winding up of the company.
Objectives & Agenda :
One of the major forms of organisation is a company, having separate legal entity. It has several benefits as compared with other forms of business organisations. The process of incorporating a company has become seamless in line with ‘ease of doing business’ in India. The webinar shall cover the changes in the procedural aspects relating to incorporation of a company to simplify the process. The webinar shall also focus on the single form for company incorporation, practical issues and challenges in formation of a company.
In this webinar, we shall look at the filing requirements for a company in Singapore and the time limits and other applicable conditions
- ACRA (Accounting and Corporate Regulatory Authority of Singapore) is a government body that oversees and enforces company regulations in Singapore. The Singapore Companies Act requires companies to hold AGM and file an Annual Return with ACRA.
- IRAS (Inland Revenue Authority of Singapore) is the government agency responsible for collecting taxes in Singapore. All Singapore companies are required to pay taxes and file annual tax returns with IRAS
Under Indian Companies Act, 2013 - the concept of Dormant Company has been introduced. If your Group have some inactive companies then by using this Section - you can skip expense on accounts preparation, audit, and routine filing. The Corporate Hibernation can continue for five years at a time. Good for Auditors too - as such companies will not be counted under the limits of 20.
1) A dormant company under the Companies Act 2013 allows promoters to hold assets or intellectual property under a corporate shield for future use.
2) According to Section 455, an inactive company that has not had significant transactions or filed financial statements in the last two years can apply to be classified as a dormant company.
3) Dormant companies have reduced filing requirements but must still hold board meetings and file annual declarations to maintain their dormant status.
This document is the IRS Form 11-C for occupational tax and registration for wagering. It provides instructions for individuals and agents involved in accepting wagers to register with the IRS and pay the associated occupational tax. Key details include:
- Individuals accepting wagers for their own account ("principals") must complete certain sections including information about locations, agents, and other persons on whose behalf wagers are accepted.
- Agents accepting wagers on behalf of others must provide information about the persons they accept wagers for.
- The tax is either $50 or $500 depending on whether wagers accepted are authorized by state law, and is paid once annually for periods beginning July 1. Pror
Strike off (easy exit) way to shut down a company (kn p partners)ADITYA PANDEY
The defunct companies are also required to comply the Company Law provisions and file requisite forms. In case of default the penalty under Act is so high. So, it is better to strike off the company, once you decide to stop the business and avoid penalty and litigation.
The document discusses requirements and procedures for obtaining dormant company status under the Companies Act of 2013 in India. A company can apply for dormant status by passing a special resolution or with consent of 3/4 of shareholders. It must file an application in Form MSC-1 along with fees. If approved, the Registrar of Companies will issue a certificate in Form MSC-2. A dormant company must have a minimum of one director and file an annual return in Form MSC-3 audited by a chartered accountant. It can apply to become an active company again in Form MSC-4, and the registrar can inquire into any dormant company suspected of operating.
Strike off & Winding up as per section 248 & section 271 272 of CA, 2013 NoopurNoopur Dalal
NOTE ON POWERS OF ROC FOR STRIKING OFF/ WINDING UP OF THE COMPANY
This note has been prepared to explain the powers of ROC for striking off the company when it becomes dormant/inactive or for winding up of the company.
Objectives & Agenda :
One of the major forms of organisation is a company, having separate legal entity. It has several benefits as compared with other forms of business organisations. The process of incorporating a company has become seamless in line with ‘ease of doing business’ in India. The webinar shall cover the changes in the procedural aspects relating to incorporation of a company to simplify the process. The webinar shall also focus on the single form for company incorporation, practical issues and challenges in formation of a company.
This document summarizes significant changes introduced in the Companies Act 2017 in Pakistan. Key changes include making incorporation of companies easier, simplifying procedures for altering company documents, reducing compliance requirements for small private companies, increasing the time limit for registering charges on companies, introducing concepts of inactive companies and nominee shareholders, promoting use of technology, introducing new types of companies, strengthening corporate governance rules around board composition and related party transactions, and requiring larger companies to undertake corporate social responsibility initiatives.
procedural requirements & Compliance requirements for establishing a compan...kartheek reddy
To establish a company in India, it must be registered with the Registrar of Companies where it will be located. The company must be organized according to the Companies Act of 1956 and necessary registration forms must be filed. Directors must be appointed by completing proper identification forms. Foreign companies can open branch offices in India to represent parent companies, conduct research, engage in export/import, and promote technical/financial collaborations by submitting applications to the Reserve Bank of India. Ongoing compliance requirements for companies in India include filing annual corporate and withholding tax returns, paying excise/service taxes, and meeting RBI reporting obligations.
Conversion of partnership firm in to limited companyAmit Soni
This describes the step by step process for conversion (not take over) of a partnership firm in to Limited company as per the Companies Act, 2013. (The document is created in June 2014)
Company incorporation1, Possible legal structures of doing Business in Pakist...FAST NUCES
the presentation is about the company incorporation and it has possible legal structure of doing business that is required for Pakistan is included. Moreover, it has also steps of partnership and sole proprietorship that are required for registration. It has also included the private and public limited companies companies and Co incorporation& Compliance Department, Company Law Division.
OBJECTIVE
Merger and Amalgamation (M&A) is one of the forms of Corporate Restructuring. M&A transactions are generally done to diversify the business, reduce competition, exercise increased scale of operations, to focus on core businesses to streamline costs and improve profit margins, etc. Provisions for merger and amalgamation under Companies Act, 2013 also includes demerger. The webinar deals with the provisions of merger and amalgamation enshrined in Companies Act, 2013 read with Rules made there under, legal formalities involved and judicial precedents.
The notification provides rules for companies to obtain the status of a dormant company under the Companies Act, 2013. Key points:
- A company can apply to the Registrar for dormant status by filing Form MSC-1 along with fees. It must pass a special board and shareholder resolution.
- To be eligible, the company cannot have any ongoing legal proceedings, defaults, loans or assets/liabilities. It must have no business operations or transactions for the past 2 years.
- The Registrar can grant a certificate in Form MSC-2 confirming dormant status. A dormant company must file an annual return and have a minimum of 1-3 directors depending on company type
Striking off under Companies Act, 2013 by Vinod Kothariadmin id
- Vinod Kothari & Company is a consulting firm based in Kolkata, Mumbai, and Delhi, focused on corporate law.
- The document discusses the process of striking off defunct companies from the register of companies under the Companies Act, including sending notices, opportunity for representation, publication requirements, and the Registrar of Companies' obligations.
- It provides context on the government's 'Operation Clean Money' initiative and numbers of companies struck off from registers in various cities as part of the process.
This document is a sample business investment plan for a Significant Investor visa applicant intending to invest $5 million in a private company in Australia. The plan provides details about the company, including its history, products/services, management/ownership, finances, and how the investment will be used and benefit the company. It outlines that the $5 million will be used to expand the company's operations and undertake a large-scale property development project over the next 4 years. Additional funding will come from other investors and loans if more than $5 million is required.
The document outlines the step-by-step process for incorporating a company under the new Companies Act of 2013 in India. It discusses requirements like obtaining a director identification number for directors. It then details the process of reserving a company name, drafting the memorandum and articles of association, and filing incorporation documents with the registrar within 60 days to receive a certificate of incorporation. Finally, it discusses filing a declaration to commence business operations within 180 days of incorporation to avoid being struck off.
The document summarizes key amendments made by the Companies (Amendment) Act, 2017 in India. Some of the major amendments addressed difficulties in implementation of certain provisions, facilitated ease of doing business, and harmonized company law with other statutes. Specifically, it reduced the time period for name reservation from 60 to 20 days, increased the deadline for informing about a change in registered office from 15 to 30 days, and required companies to prepare consolidated financial statements including associate companies in addition to subsidiaries.
Section comparison of companies act 1956 and companies bill 2012Raju and Associates
The document provides a comparison of key provisions between the Companies Act of 1956 and the Companies Bill of 2012. Some of the major changes introduced in the Bill include the introduction of a new type of company called One Person Company, removal of bifurcation of object clauses, increase in maximum number of members for a private company, mandatory rotation of auditors every 5 years for listed companies, and the requirement for companies to spend 2% of profits on corporate social responsibility. The Bill aims to simplify compliance requirements while strengthening corporate governance.
The document provides information on converting a firm to a company under the Companies Act 2013. There are two main methods of conversion - forming a new company with the partners as shareholders, or converting the existing firm without dissolution by preparing deed provisions. The requirements for conversion include having a minimum of 7 members, consent of the majority or 3/4 members, and forming the company as unlimited, limited by shares, or limited by guarantee. The steps outlined include obtaining DINs, reserving a company name, publishing advertisements, and filing various forms along with documents before receiving a certificate of incorporation.
SERVICES OFFERED FOR INDIAN AND FOREIGN COMPANIES BY PGC pgcinternational
PGC offers a wide range of corporate services for Indian and foreign companies including project planning, raising resources and financing, foreign collaborations and joint ventures, corporate restructuring, corporate legal advisory, tax planning and management, export and import dealings, arbitration and conciliation, intellectual property rights, personnel matters, and issuing certificates required under various statutes. Key services include forming companies, project reports, loan syndication, public offerings, mergers and acquisitions, compliance with corporate laws, tax filing and representation, customs and excise clearances, and intellectual property registration and licensing.
OBJECTIVE
Companies in Singapore are governed by the laws of Companies Act (the Act), originally enacted in 1967 and which has undergone significant amendments in 2014 and 2017. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities and corporate service providers in Singapore. Incorporation and powers of companies in Singapore are governed by Part III of the Act. The webinar covers the provisions in Part III of the Act, more specifically dealing with Constitution of Companies.
This document outlines the process and requirements for removing a company's name from the Register of Companies under Sections 248-252 of the Companies Act, 2013. It discusses the power of the Registrar to remove a company's name for reasonable cause, such as not commencing business within a year of incorporation or not carrying out business for two consecutive years. The process involves issuing Form STK-1 or STK-2, seeking director representations, publishing notices, and allowing for appeals. Key differences from the previous Companies Act, 1956 are also summarized, such as defining reasonable cause, requiring a special board resolution, and allowing only three years for restoration applications.
Insight on Companies Bill 2012 and its impactSudheer Paidi
The document summarizes some of the key changes introduced by the Companies Bill 2012 which was passed by the Lok Sabha on December 18, 2012. Some major changes include restrictions on number of directorships a person can hold, mandatory rotation of auditors after a fixed period, introduction of secretarial standards and mandatory secretarial audit for listed companies, increased responsibilities of company secretaries, and provisions around corporate social responsibility. The bill aims to replace the 56 year old Companies Act and introduce greater transparency and investor protection norms.
The document discusses the Federal Land Consolidation and Rehabilitation Authority (FELCRA Berhad) in Malaysia. It was established in 1966 to help rural communities participate in the national economy and improve their standard of living. On September 1, 1997 it was corporatized and renamed FELCRA Berhad, making it a fully government-owned company rather than a statutory body. This change allows it to explore new business opportunities in line with national development goals.
Section 9A of the Income Tax Act provides a special tax regime for certain eligible offshore investment funds and their fund managers located in India. Key conditions include the fund being established outside India, having a minimum of 25 non-connected members, and the fund manager being registered with SEBI. The remuneration paid to the fund manager must be at least a prescribed amount calculated based on assets under management. This was introduced to incentivize offshore fund managers to relocate to India while avoiding creating a taxable presence for the offshore fund. However, challenges remain in the tax regime for offshore funds to fully realize the potential of developing an offshore fund management hub in India.
The document outlines the key stages in forming a company:
1) Promotion, where the promoter discovers business opportunities, organizes funds and management.
2) Incorporation and registration, where the company is legally formed by registering with the registrar of companies.
3) Capital subscription, where shares are issued to raise funds meeting the minimum capital requirements.
4) Commencement of business, where the company can officially start business operations after filing documents with the registrar.
The new Companies Law 2013 (India) - Chapter 3: Prospectus and Allotment of S...Bold Kiln
The document outlines the reporting requirements for prospectuses issued by companies in India. It specifies that prospectuses must include:
1) Key details about the company issuing the shares, the offer, and those involved like bankers, advisors.
2) Information about the company's capital structure, shareholding details, use of proceeds from previous offers, and financial performance over past 5 years.
3) Details of directors, their interests, related party transactions, pending litigation and qualifications from auditors.
4) Reports from auditors commenting on the company's profits/losses, assets/liabilities, and any businesses being acquired using the offering's proceeds.
The prospectus must contain these disclosures to
The document discusses the process of forming and registering a company in India. It covers the key stages of promotion, incorporation, and administration. The four main stages of formation are promotion, selection of a name, incorporation by registering with the registrar of companies, and raising share capital. It also describes the important legal documents required which are the memorandum of association, articles of association, and prospectus. The SPICe e-form was introduced to simplify and expedite the company incorporation process.
This document summarizes significant changes introduced in the Companies Act 2017 in Pakistan. Key changes include making incorporation of companies easier, simplifying procedures for altering company documents, reducing compliance requirements for small private companies, increasing the time limit for registering charges on companies, introducing concepts of inactive companies and nominee shareholders, promoting use of technology, introducing new types of companies, strengthening corporate governance rules around board composition and related party transactions, and requiring larger companies to undertake corporate social responsibility initiatives.
procedural requirements & Compliance requirements for establishing a compan...kartheek reddy
To establish a company in India, it must be registered with the Registrar of Companies where it will be located. The company must be organized according to the Companies Act of 1956 and necessary registration forms must be filed. Directors must be appointed by completing proper identification forms. Foreign companies can open branch offices in India to represent parent companies, conduct research, engage in export/import, and promote technical/financial collaborations by submitting applications to the Reserve Bank of India. Ongoing compliance requirements for companies in India include filing annual corporate and withholding tax returns, paying excise/service taxes, and meeting RBI reporting obligations.
Conversion of partnership firm in to limited companyAmit Soni
This describes the step by step process for conversion (not take over) of a partnership firm in to Limited company as per the Companies Act, 2013. (The document is created in June 2014)
Company incorporation1, Possible legal structures of doing Business in Pakist...FAST NUCES
the presentation is about the company incorporation and it has possible legal structure of doing business that is required for Pakistan is included. Moreover, it has also steps of partnership and sole proprietorship that are required for registration. It has also included the private and public limited companies companies and Co incorporation& Compliance Department, Company Law Division.
OBJECTIVE
Merger and Amalgamation (M&A) is one of the forms of Corporate Restructuring. M&A transactions are generally done to diversify the business, reduce competition, exercise increased scale of operations, to focus on core businesses to streamline costs and improve profit margins, etc. Provisions for merger and amalgamation under Companies Act, 2013 also includes demerger. The webinar deals with the provisions of merger and amalgamation enshrined in Companies Act, 2013 read with Rules made there under, legal formalities involved and judicial precedents.
The notification provides rules for companies to obtain the status of a dormant company under the Companies Act, 2013. Key points:
- A company can apply to the Registrar for dormant status by filing Form MSC-1 along with fees. It must pass a special board and shareholder resolution.
- To be eligible, the company cannot have any ongoing legal proceedings, defaults, loans or assets/liabilities. It must have no business operations or transactions for the past 2 years.
- The Registrar can grant a certificate in Form MSC-2 confirming dormant status. A dormant company must file an annual return and have a minimum of 1-3 directors depending on company type
Striking off under Companies Act, 2013 by Vinod Kothariadmin id
- Vinod Kothari & Company is a consulting firm based in Kolkata, Mumbai, and Delhi, focused on corporate law.
- The document discusses the process of striking off defunct companies from the register of companies under the Companies Act, including sending notices, opportunity for representation, publication requirements, and the Registrar of Companies' obligations.
- It provides context on the government's 'Operation Clean Money' initiative and numbers of companies struck off from registers in various cities as part of the process.
This document is a sample business investment plan for a Significant Investor visa applicant intending to invest $5 million in a private company in Australia. The plan provides details about the company, including its history, products/services, management/ownership, finances, and how the investment will be used and benefit the company. It outlines that the $5 million will be used to expand the company's operations and undertake a large-scale property development project over the next 4 years. Additional funding will come from other investors and loans if more than $5 million is required.
The document outlines the step-by-step process for incorporating a company under the new Companies Act of 2013 in India. It discusses requirements like obtaining a director identification number for directors. It then details the process of reserving a company name, drafting the memorandum and articles of association, and filing incorporation documents with the registrar within 60 days to receive a certificate of incorporation. Finally, it discusses filing a declaration to commence business operations within 180 days of incorporation to avoid being struck off.
The document summarizes key amendments made by the Companies (Amendment) Act, 2017 in India. Some of the major amendments addressed difficulties in implementation of certain provisions, facilitated ease of doing business, and harmonized company law with other statutes. Specifically, it reduced the time period for name reservation from 60 to 20 days, increased the deadline for informing about a change in registered office from 15 to 30 days, and required companies to prepare consolidated financial statements including associate companies in addition to subsidiaries.
Section comparison of companies act 1956 and companies bill 2012Raju and Associates
The document provides a comparison of key provisions between the Companies Act of 1956 and the Companies Bill of 2012. Some of the major changes introduced in the Bill include the introduction of a new type of company called One Person Company, removal of bifurcation of object clauses, increase in maximum number of members for a private company, mandatory rotation of auditors every 5 years for listed companies, and the requirement for companies to spend 2% of profits on corporate social responsibility. The Bill aims to simplify compliance requirements while strengthening corporate governance.
The document provides information on converting a firm to a company under the Companies Act 2013. There are two main methods of conversion - forming a new company with the partners as shareholders, or converting the existing firm without dissolution by preparing deed provisions. The requirements for conversion include having a minimum of 7 members, consent of the majority or 3/4 members, and forming the company as unlimited, limited by shares, or limited by guarantee. The steps outlined include obtaining DINs, reserving a company name, publishing advertisements, and filing various forms along with documents before receiving a certificate of incorporation.
SERVICES OFFERED FOR INDIAN AND FOREIGN COMPANIES BY PGC pgcinternational
PGC offers a wide range of corporate services for Indian and foreign companies including project planning, raising resources and financing, foreign collaborations and joint ventures, corporate restructuring, corporate legal advisory, tax planning and management, export and import dealings, arbitration and conciliation, intellectual property rights, personnel matters, and issuing certificates required under various statutes. Key services include forming companies, project reports, loan syndication, public offerings, mergers and acquisitions, compliance with corporate laws, tax filing and representation, customs and excise clearances, and intellectual property registration and licensing.
OBJECTIVE
Companies in Singapore are governed by the laws of Companies Act (the Act), originally enacted in 1967 and which has undergone significant amendments in 2014 and 2017. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities and corporate service providers in Singapore. Incorporation and powers of companies in Singapore are governed by Part III of the Act. The webinar covers the provisions in Part III of the Act, more specifically dealing with Constitution of Companies.
This document outlines the process and requirements for removing a company's name from the Register of Companies under Sections 248-252 of the Companies Act, 2013. It discusses the power of the Registrar to remove a company's name for reasonable cause, such as not commencing business within a year of incorporation or not carrying out business for two consecutive years. The process involves issuing Form STK-1 or STK-2, seeking director representations, publishing notices, and allowing for appeals. Key differences from the previous Companies Act, 1956 are also summarized, such as defining reasonable cause, requiring a special board resolution, and allowing only three years for restoration applications.
Insight on Companies Bill 2012 and its impactSudheer Paidi
The document summarizes some of the key changes introduced by the Companies Bill 2012 which was passed by the Lok Sabha on December 18, 2012. Some major changes include restrictions on number of directorships a person can hold, mandatory rotation of auditors after a fixed period, introduction of secretarial standards and mandatory secretarial audit for listed companies, increased responsibilities of company secretaries, and provisions around corporate social responsibility. The bill aims to replace the 56 year old Companies Act and introduce greater transparency and investor protection norms.
The document discusses the Federal Land Consolidation and Rehabilitation Authority (FELCRA Berhad) in Malaysia. It was established in 1966 to help rural communities participate in the national economy and improve their standard of living. On September 1, 1997 it was corporatized and renamed FELCRA Berhad, making it a fully government-owned company rather than a statutory body. This change allows it to explore new business opportunities in line with national development goals.
Section 9A of the Income Tax Act provides a special tax regime for certain eligible offshore investment funds and their fund managers located in India. Key conditions include the fund being established outside India, having a minimum of 25 non-connected members, and the fund manager being registered with SEBI. The remuneration paid to the fund manager must be at least a prescribed amount calculated based on assets under management. This was introduced to incentivize offshore fund managers to relocate to India while avoiding creating a taxable presence for the offshore fund. However, challenges remain in the tax regime for offshore funds to fully realize the potential of developing an offshore fund management hub in India.
The document outlines the key stages in forming a company:
1) Promotion, where the promoter discovers business opportunities, organizes funds and management.
2) Incorporation and registration, where the company is legally formed by registering with the registrar of companies.
3) Capital subscription, where shares are issued to raise funds meeting the minimum capital requirements.
4) Commencement of business, where the company can officially start business operations after filing documents with the registrar.
The new Companies Law 2013 (India) - Chapter 3: Prospectus and Allotment of S...Bold Kiln
The document outlines the reporting requirements for prospectuses issued by companies in India. It specifies that prospectuses must include:
1) Key details about the company issuing the shares, the offer, and those involved like bankers, advisors.
2) Information about the company's capital structure, shareholding details, use of proceeds from previous offers, and financial performance over past 5 years.
3) Details of directors, their interests, related party transactions, pending litigation and qualifications from auditors.
4) Reports from auditors commenting on the company's profits/losses, assets/liabilities, and any businesses being acquired using the offering's proceeds.
The prospectus must contain these disclosures to
The document discusses the process of forming and registering a company in India. It covers the key stages of promotion, incorporation, and administration. The four main stages of formation are promotion, selection of a name, incorporation by registering with the registrar of companies, and raising share capital. It also describes the important legal documents required which are the memorandum of association, articles of association, and prospectus. The SPICe e-form was introduced to simplify and expedite the company incorporation process.
The document outlines the steps required for registering a new company with the Registrar of Companies (ROC) in India. It discusses that the ROC appointed under the Companies Act is responsible for registering new companies and ensuring compliance. It then lists the 18 steps that must be followed, including selecting a name, applying for name availability, filing forms like Form 1, 18, 32, paying fees, and obtaining a Certificate of Incorporation. Additional requirements are mentioned for public limited companies, such as obtaining a Commencement of Business Certificate, and for Part IX companies, which require filing additional forms.
This document summarizes the key differences between private and public companies under the Companies Act of 1956 in India. It explains that private companies can have 2-50 members and a minimum paid-up capital of Rs. 1 lakh, while public companies can have 7 or more members and a minimum paid-up capital of Rs. 5 lakh. Private companies are more limited in their ability to invite public investment and have less regulatory requirements than public companies. The document also outlines the detailed process for converting a private company into a public company to comply with statutory rules.
Objective and Agenda:
In order to bring flexibility and to monitor the activities of the charitable organisations in India, non-governmental organisations are given the corporate status by forming companies under Section 8 of the Companies Act, 2013. The scope of the webinar is to cover the objects of forming a Section 8 Company, procedure to obtain license, benefits of forming a Section 8 Company, conversion of Section 8 Company into any other company, effects of non-compliance of objects and the tax benefits available to such companies.
This document provides information on starting an IT company in Tamil Nadu, India. It outlines the step-by-step procedures for incorporation of a company, including selecting a name, drafting a memorandum of association, drafting articles of association, and obtaining necessary approvals. It also discusses options for foreign investors to start operations in India such as incorporating an Indian company through a joint venture or wholly owned subsidiary and obtaining the necessary regulatory approvals. The document covers topics such as private and public companies, minimum capital requirements, and procedures for small, medium and large scale IT companies.
The document outlines an 11-step process for forming a business entity that includes choosing an entity type, reserving a company name, filing articles of incorporation, designating a registered agent and office, issuing shares, electing directors and officers, adopting bylaws, opening a business bank account, considering an S Corp election, addressing other considerations like licenses and permits, and annual requirements. It also lists optional additional documents to consider.
OBJECTIVE
Companies in Singapore are governed by the laws of Companies Act (the Act), originally enacted in 1967 and which has undergone significant amendments in 2014 and 2017. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities and corporate service providers in Singapore. A foreign company may carry on business in Singapore by transferring that Company’s registration from foreign country to Singapore or by registering the branch of the foreign Company in Singapore. In this webinar, transfer of registration of foreign corporate entity to Singapore is covered. The provisions of Transfer of Registration are governed by Part XA of the Act read with Companies (Transfer of Registration) Regulations 2017.
Step by step procedure to start it company in tamil naduBeula Magesh
This document provides step-by-step procedures for starting an IT company in Tamil Nadu, India. It covers topics such as incorporation of a company, business registration procedures, entry strategies for foreign investors, industrial policies and procedures for foreign investors, and approvals required to start an IT company as a small-scale or large-scale business. The document is intended to guide entrepreneurs on the legal and regulatory processes for setting up an IT company in Tamil Nadu.
This document provides steps and procedures for starting an IT company in Tamil Nadu, India. It covers topics such as incorporation of a company, business registration procedures, entry strategies for foreign investors, industrial policies and procedures for foreign investors, abbreviations, summaries of procedures for small, medium and large IT companies, and approvals required. The document is a guide for both domestic and foreign investors on the legal and regulatory processes for setting up an IT business in Tamil Nadu.
Ppt on incorporation of company as per new company act, 2013 (updated)Sandeep Kumar
The document outlines the key steps and requirements for incorporating a company under the Companies Act of 2013 in India. It discusses reserving a company name, drafting the memorandum and articles of association which define the company's constitution and internal management, applying for incorporation and the documents required, and receiving a certificate of incorporation. It also summarizes some of the main contents of a memorandum and articles of association such as membership, rights of members, and limitations.
The document discusses the process of forming a company in India, including promotion, incorporation, and commencement of business. It explains that a company is promoted by individuals who conceive the idea and provide initial funds. Promoters have duties of disclosure and cannot make secret profits. The memorandum of association and articles of association are drafted, outlining the company's name, objectives, capital structure, and management. Once documents are submitted, the Registrar of Companies issues a certificate of incorporation. To commence business, additional requirements must be met depending on the company's share capital structure.
The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company.
The document provides guidance on Ministry of Corporate Affairs (MCA) filings required under the Companies Act 2013. It discusses the objective of the guide which is to examine corporate governance requirements and clarify filings. It outlines the basic MCA filing requirements including various forms that need to be filed periodically or based on events, along with the filing type and frequency. Some key forms include forms related to incorporation (INC), annual filings (AOC), directors (DIR), and charges (CHG). It emphasizes the importance of compliance management and adapting to the evolving regulatory landscape.
The document provides information on registering different types of companies under the Companies Act in India. It discusses the requirements and procedures for registering public limited companies, private limited companies, Section 8 companies, companies registered under Part IX, and producer companies.
The key steps outlined are applying for name approval, drafting the memorandum of association and articles of association, e-filing required forms like INC-7, INC-22, and DIR-12, paying registration fees, and obtaining the certificate of incorporation. Specific requirements for different company types like minimum number of members, minimum capital, and approvals needed from authorities are also explained.
This document provides an overview of Limited Liability Partnerships (LLPs) under Indian law, including:
1. Key features of LLPs such as limited liability for partners, flexible organization structure governed by an LLP agreement, and LLPs having a separate legal identity.
2. The incorporation process for establishing an LLP which requires minimum two designated partners, no limit on maximum partners, reservation of names, and filing various forms with the Registrar of Companies.
3. Ongoing administration and compliance requirements for LLPs such as mandatory audits for LLPs with over Rs. 40 lakhs turnover, filing annual returns and accounts within specified timelines, and regulations regarding
The Companies Act 2006 introduced several changes for companies limited by guarantee that took effect between 2007 and 2009. Key changes included new requirements for disclosing company details on documentation, allowing electronic communication with member consent, the creation of Community Interest Companies, codifying directors' duties, expanding the definition of connected persons, and new rules for proxy voting and written resolutions. Further changes delayed until 2009 involved replacing the memorandum of association and implementing a new company constitution and name change process.
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Incorporation - CAIPO Barbados
1. INCORPORATIONOF A COMPANYLIMITED BY SHARES A Company may not be formed or incorporated by an individual who is under 18 years of age, is of unsound mind or who is a bankrupt. [s.4 Companies Act, Cap. 308 of the Laws of Barbados]
2. You will therefore require the services of an attorney-at-law who will advise you about the incorporation requirements, complete the various prescribed forms and provide a Statutory Declaration for purposes of the Companies Act. Cap. 308 stating that as an incorporator of the company you are over 18 years of age, are not of unsound mind and have not been adjudged a bankrupt.
3. RESERVING THE NAME OFA PROPOSED COMPANY The first step in the incorporation process is the obtaining of the approval of the name of the proposed company. This is done by filing the Request For Name Search and Name Reservation Form (Form 33)and paying a fee of $30.00. Using this form you are allowed to submit a maximum of three (3) names in order of preference. The first available name will be reserved for a period of 90 days.
4. [N.B. The approval process for reserving a company name usually takes no more than one (1) working day.]
5.
6. INCORPORATION REQUIREMENTS Within the 90-day period following the reservation of the company name, the following documents must be filed with the Registrar together with the prescribed fee of $750.00:- Form 1 – Articles of Incorporation Form 4 – Notice of Registered Office Form 9 – Notice of Directors Attorney’s Statutory Declaration
7. The prescribed forms may either be downloaded from the Department’s Internet website www.caipo.gov.bb or collected from our offices on Belmont Road, St. Michael. The form-filling Instructions posted on the Department’s website, should be used as a guide when completing the prescribed forms. Additionally, Part XI of the Companies Regulations, 1984 should be consulted for guidance on certain formality requirements.
8. Where the information to be furnished to the Registrar is too lengthy to be set out in any item in the prescribed forms, the information should be set out in a separate Schedule to be annexed to the form. The Schedule should be expressly stated to be incorporated in the form and cross-referenced to the form by setting out the following sentence in the space provided in the form: “The annexed Schedule is incorporated in this form.” [See reg. 35 Companies Regulations]
9. The following specific guidance is provided with respect to the completion of the Articles of Incorporation (Form 1) Item 2 – of the Articles must state the classes and any maximum number of shares that the company is authorised to issue. If the company has more than one class of shares, the rights, privileges, restrictions and conditions attached to each class of shares must be set out separately.
10. Item 3 – of the Articles must state the restriction if any on the transfer of shares of a private company. Item 4 – must state the minimum and maximum number of directors the company will have. Item 5 – must state the restrictions on the business the company may carry on. It is usual for Domestic Companies to have no restrictions on their business. Item 6 – any other provision that is to form part of the Articles may be set out here including whether any offer of invitation to the public to subscribe for shares of debentures is being made.
11. The Articles of Incorporation must be accompanied by a Notice of Directors (Form 9) which carries the full names, home addresses and occupations of the persons being entered as directors and a Notice of Address (Form 4) where you will enter the company’s registered office address and its mailing address. [N.B. The procedure for incorporation of a company takes approximately 3 days from the date of filing.]
12. GIVING NOTICE OF CHANGE OF DIRECTORS The Companies Act, Cap. 308 requires that notice be given to the Registrar within fifteen (15) days of a change having been made to the directors of a registered company. This information must be submitted by filing a Notice of Directors/Change of Directors (Form 9) with the prescribed fee ($25.00). Where the changes have taken place on different days each date must be filed separately at a cost of $25.00 per Notice of Change of Directors (Form 9).
13. GIVING NOTICE OF THE COMPANY’S CHANGE OF REGISTERED OFFICE Within fifteen (15) days of a change having been made to the registered office or mailing address of a company, this information must be submitted to the Registrar of Corporate Affairs and Intellectual Property Office by filing a Notice of Address/Change to Address (Form 4) with the prescribed fee ($25.00).
14. GIVING NOTICE OF THE APPOINTMENT OF SECRETARY A Company Secretary is authorised to sign Notice of Change Forms and submit them to the Registrar of Companies on behalf of the company. A company gives notice of the appointment of a Secretary by filing a Notice of Appointment of Secretary/Change of Secretary (Form A4) – Changes an existing Company Secretary Changes to an existing Company Secretary may be made using the same form (Form A4) and paying the relevant fee ($25.00).