Compliances
Companies
Change Authorised Capital
The maximum amount of capital for which a firm may issue shares to its shareholders is known as authorized share capital. The company’s memorandum of association contains information about the allowed capital.
Change in Objects Clause
The Company’s Memorandum of Association must be amended in order to implement modifications to the Company’s Object Clause. Companies change object clauses to increase their activities. A company may alter its object clause by adding, removing, changing, or altering it in any other way if it so chooses.
Appointment/Resignation of Directors
When necessary, a company’s directorship may be changed at any time. Either voluntarily or in response to a demand, change can take place. This becomes necessary if a present director resigns or passes away, or if the board needs an expert.
Change Name of Company
After being incorporated, a private, public, or one-person limited corporation may change its name at any time. A special resolution of the shareholders and approval from the MCA are needed to change a company’s name.
Change in Registered Office Address
All official correspondence pertaining to the company is sent to the registered office address. The ROC must be notified of the registered office address. A business may have a corporate office, branch office, factory, etc. in addition to its registered office address.
Issue of Share Certificates
A share certificate is a document that a business issues to demonstrate that the person on the certificate is the owner of the company’s shares.
Rights issue
When a corporation sells its existing shareholders rights to buy more shares directly from the company at a discounted price instead than on the secondary market, this is known as a rights issue. The present ownership of the shareholders determine how many further shares can be bought.
Private Placement
One kind of capital-raising event is a private placement, where securities are offered for sale to a select few investors. It is not the same as a public offering, where securities are offered for sale to any type of investor.
Employee Stock Option Plan
A plan that grants employees ownership stake in the business is known as an employee stock ownership plan. Both the business and the stockholders gain from it. Employees are given the opportunity to own a portion of the company, which helps the business keep its staff for a longer amount of time.
Share Transfer
It is possible for a shareholder to transfer their shares to another person, either a current or new shareholder. Shares may be sold or transferred as a gift. In order to introduce a new shareholder, shares are usually transferred.
DIR 3 KYC
people who are currently directors or partners in an LLP or who aspire to become directors. has a special identification number known as the Director’s Identification Number, or DIN. After submitting the e-form DIR-3, a person is assigned a DIN.
Alteration of MOA/AOA of Company
Alteration of MOA/AOA involves updating a company’s foundational documents to reflect changes in objectives, structure, or rules. It ensures legal compliance and aligns the company’s operations with its evolving business goals.
Close a Company
The legal process of shutting down a business and stopping all operations is known as winding up. Following closure, the business ceases to exist, and its assets are closely watched to make sure the interests of its stakeholders are not compromised.
Annual Filings of Company
A Private Limited Company that is registered under the Indian Companies Act 2013 is required to submit to the registrar of companies annually the annual accounts and returns that include information about its directors, shareholders, and other individuals.
Creation/Modification/Statisfaction of Charges
Creation/Modification/Satisfaction of Charges involves registering a company’s assets pledged as security with the Registrar of Companies. This ensures transparency of financial obligations and protects the interests of lenders and stakeholders.
Limited Liability Partnership (LLPs)
Add a Partner in LLP
Adding a new partner to an existing limited liability partnership usually requires the consent of all current partners. One Partner may also be able to add new Partners to the LLP without the consent of all existing Partners, provided that the LLP agreement permits it.
Resignation of a Partner
The form and content of a Limited Liability Partnership (LLP) are unaffected by the simple admission or removal of partners. In order to take effect, a Partner’s resignation or removal must be duly recorded and the required paperwork must be filed with the Ministry of Corporate Affairs.
Alteration of LLP Deed
The deed of a Limited Liability Partnership (LLP) is similar to the articles of association and memorandum of association of a business. The LLP agreement outlines the nature of business operations as well as the rights, responsibilities, and duties of partners; all of this information is subject to change.
Closing an LLP
Striking out the name is the most straightforward method of ending a defunct Limited Liability Partnership (LLP) that has no assets or liabilities. In order to settle the LLP’s finances, the chosen partners must first sell any assets and clear any debts. Since the LLP has no assets, obligations, or public complaints, the Registrar will close it.
Annual Filings of LLP
As part of their annual filings, Limited Liability Partnerships (LLPs) must submit their Statement of Account & Solvency (Form 8) and Annual Return (Form 11).