Corporate Requirements

Change of Registered Office

Procedure for transfer of jurisdiction from companies of a registrar to a registered office within the same state. Procedure for transfer of registered office from one state to another.

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Change of Registered Office Within local limits of the Same City/ Town/ Village; Shifting of Registered Office From one City to Another City within same ROC/State; Shifting of the Registered Office from one city to another within the same ROC; Shifting of Registered Office from one State to Another.

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Adding of Directors or Promoters

Though appointed on a temporary basis, an additional director is vested with the same powers of a director.

Promoter Performs

The Promoter Performs the following main functions:
(1) To conceive an idea of forming a company and explore its possibilities.
(2) To get the Memorandum of Association (M/A) and Articles of Association (A/A) drafted and printed.
(3) To make preliminary contracts with vendors, underwriters, etc.
(4) To make arrangement for the preparation of prospectus, its filing, advertisement and issue of capital.
(5) To arrange for the registration of company and obtain the certificate of incorporation.
(6) To defray preliminary expenses.
(7) To arrange the minimum subscription.

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Removal of Directors or Promoters

A Company has the authority to remove a Director by passing an Ordinary Resolution, given the Director was not appointed by the Central Government or the Tribunal. A Board Meeting will be called by giving seven days' notice to all the directors

Procedure

A Company has the authority to remove a Director by passing an Ordinary Resolution, given the Director was not appointed by the Central Government or the Tribunal. A Board Meeting will be called by giving seven days' notice to all the directors

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Increasing Authorized Capital

An increase in capital is a method of company financing that consists of increasing its own company funds by increasing its capital stock

Good Capital

Capital growth, or capital appreciation, is an increase in the value of an asset or investment over time. Capital growth is measured by the difference between the current value, or market value, of an asset or investment and its purchase price, or the value of the asset or investment at the time it was acquired

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Share Transfers

A share transfer is the process of transferring existing shares from one person to another; either by sale or gift. This article will cover how to transfer existing shares within your company

Account for share transfers

One needs to fill out a DIS (Delivery Instruction Slip). ISIN number of the shares to be transferred, name of the company (security), demat account and DP ID of the account to which the shares are being transferred must be filled up in the form

Agreement

A corporate stock transfer agreement, also known as a share purchase agreement or a stock purchase agreement, is used to sell or transfer one's shares in a company to another individual.

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MoA & AoA Amendments

A meeting is conducted by the Members of the Board to make changes in the AoA and MoA of the company. As per Section 173(3) of the Companies Act, 2013, a notice will be issued for calling a Meeting of the Board of Directors, of the company to get the approval from the Directors, in order to make amendments in the MoA.

When Memorandum is to be Amended?

Points to make your decision easy:
(1) Object Clause Change
(2) Name Clause
(3) Liability Clause
(4) Situation Clause
(5) Capital Clause

MOA/AOA Amendment-Process Flow

5 Easy Steps:
(1) Submit Documents
(2) Preparation of Resolutions
(3) Preparation of Forms
(4) Drafting of Revised MOA
(5) Filing of Forms with MCA

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Winding Up of a Company or an LLP

For all corporate entities, including, Limited Liability Partnerships (LLP), winding up process can begin through any of these modes: Voluntary winding up (which involves voluntary liquidation) Compulsory winding up by the Tribunal. Winding up pursuant to the Insolvency and Bankruptcy Code (IBC), 2016

Happens if a LLP goes bust

In the event of insolvency, members are only liable to contribute to the LLP's assets in the amount prescribed by the LLP agreement. These agreements typically include wording to exclude such liability. Yet there remain situations where members may be ordered to restore property to the LLP.

Take to strike off LLP

A copy of the notice will be placed on the LLP's public record. If the registrar sees no reason to do otherwise, he will strike off the LLP not less than 3 months after the date of the notice. The LLP will be dissolved on publication of a further notice stating this in the relevant Gazette

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