One Person Company (OPC), as the name itself suggests, is that company in which there is only one shareholder along with one nominee. A One Person Company can be incorporated as a company limited by shares, limited by guarantee or an unlimited liability company. The words “ONE PERSON COMPANY” shall form part of its name. […]

Producer Company means a body corporate (a co-operative society) having objects or activities specified in section 581B/ 465 and registered as Producer Company under the Companies Act, 1956/2013. There is no separate provision under the Act regarding Producer Companies. Thus, it can be said that a producer company is the combination of private limited company […]

Nidhi Company is a company form of business, which is categorized as Non- Banking Financial Company, which does not get licensed under Reserve Bank of India, but is to be incorporated under the Companies Act, 2013. Nidhi Company is a public limited company which has to add the words “Nidhi Limited” in its name. Basically, […]

Nowadays, we all are hearing many companies are spending their huge amount of money in providing various medical facilities to COVID+ patients. For Ex. Mr. Mukesh Ambani of famous Reliance Industries has spent huge amount on providing ventilators and oxygen cylinders in the areas which are badly hit by NOVEL Coronavirus. Likewise, Mr. Ratan Tata […]

Whenever a company accepts any foreign Investment, the company has to report to Reserve Bank of India (RBI) about the inflow of funds in Form FC-GPR. The form is to be filed on the website of Reserve Bank of India (RBI) through the link www.rbifirms.gov.in. The forms are filed and submitted in a Single master […]

Section 8 Company as per the Companies Act, 2013 or Section 25 Company as per Companies Act, 1956 is the company which is termed as non-profit making company having the objective of promoting culture, arts, religion, science, technology etc. in the society. A Section 8 Company is prohibited from distributing any profits to its members […]

A partnership firm can convert itself into Private Limited Company any time. The main advantage of a Private Limited Company is limited liability, perpetual succession, more transparency etc. Private Limited Company has limited liability whereas in partnership firm the liability of the partners is unlimited, that is they are personally liable for all the debts […]

As per Section 248-252 of Companies Act, 2013, Any defunct company can apply for removal of its name from the Register of Companies maintained by ROC. Once an application for removal of name of the company is applied, after due verification, the Certificate of Incorporation of the company shall be cancelled by the concerned Registrar […]