Limited Liability Partnership Act, 2008 does not cover the provision of conversion of LLP into Company but Section 366 of the Companies Act, 2013 and Company (Authorized to Register) Rules, 2014 allows LLP to convert into a Company as per the provisions contained therein. Many Limited Liability Partnerships (LLPs) are now converting itself into a […]

ATTACHMENTS: a) Proof of Registered office address + NOC                               b) copy of resolution +consent of partners                              c) copies of public notice                              d) consent of secured creditors, if any                               e) Declaration by partners if no secured creditors along with Auditor’s certificate in this respect. ATTACHMENTS: SUPPLEMETARY AGREEMENT

A company may purchase its own shares or other specified securities out of— However, no buy-back of any kind of shares can be made out of the proceeds of an earlier issue of the same kind of shares. Data of Company: S. No. Particulars Amount (in Rs.) 1. Equity Share Capital (675000 shares of Rs. […]

STEP-1. Rule 6 of Companies (Incorporation) Second Amendment Rules, 2021 prescribe the Conversion of One Person Company into Private Limited Company-  (1) Convene Board Meeting and pass the board resolution for approving the voluntary conversion of OPC into private company.  (2) Communicate the resolution to single member and make an entry in the respective minute […]

STEP-1. Rule 6 of Companies (Incorporation) Second Amendment Rules, 2021 prescribe the Conversion of One Person Company into Private Limited Company-  (1) Convene Board Meeting and pass the board resolution for approving the voluntary conversion of OPC into private company.  (2) Communicate the resolution to single member and make an entry in the respective minute […]

The Ministry of Corporate Affairs (“MCA”) on October 27, 2023[1] notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023, vide which a new rule, i.e. Rule 9B has been inserted in the existing Companies (Prospectus and Allotment of Securities) Rules, 2015 (“Allotment Rules”). As per Rule 9B Dematerialization of shares is applicable […]

The fixed deposits shall be accepted for a minimum period of six months and a maximum period of sixty months. A Nidhi may offer interest on FIXED DEPOSITS at a rate not exceeding the maximum rate of interest prescribed by the Reserve Bank of India which the Non-Banking Financial Companies can pay on their public […]

A Nidhi may open branches, only if it has earned net profits after tax continuously during the preceding three financial years. b. A Nidhi may open up to three branches within the district. c. A Nidhi shall not open branches outside the State where its registered office is situated d. If a Nidhi proposes to […]