Internal financial controls include policies and procedures adopted by the company for ensuring the orderly and efficient conduct of its business, including regulatory compliance and prevention and detection of frauds and errors.
Company Annual Filings refers to the filing of Audited Annual Financial Accounts of the Company along with Directors Report and Annual Return of Company with Registrar of Companies.
A 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.
The auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company, after obtaining the previous approval of the Central Government in that behalf.
An increase in the total capital stock showing on a company's balance sheet is usually bad news for stockholders because it represents the issuance of additional stock shares, which dilute the value of investors' existing shares.
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.
The Ministry of Corporate Affair has introduced a scheme called fast Track Exit Scheme. The fast Track Exit Scheme is for faster disposal of the companies. It gives an opportunity to the defunct companies to struck off from the register under the Companies Act, 2013.
The LLP wants to wind up. There are less than two partners in the LLP for more than 6 months. The LLP is not in a position to pay debts. The LLP has acted against the interest of the sovereignty and the integrity of India, the specified security of the state or public order.
Law consultants market their legal expertise to clients in a manner that lies outside the realm of traditional legal representation. They offer legal expertise in matters such as employment, securities, governmental compliance and structural organization.
Conversion of OPC or LLP into Private Limited Company
Any DIN holder who is filing his KYC details for the first time with MCA, must file all KYC details only through e-Form DIR-3 KYC. There is no option for such a person to access the web-service for his KYC. Further, any DIN holder who wants to update any information of his KYC details must update the same through filing of e-Form DIR-3 KYC only.
Every company having share capital need to file form INC 20A for Declaration of Commencement of Business within 180 days from the date of incorporation.
As per sub-section (2) of section 13, An existing company can change its name by a passing special resolution. First of all, Board of Directors have to convene a board meeting for recommendation of change in name. The Board has to pass a resolution for change of name in a duly convene Board meeting. After passing Board Resolution the company must give a clear 21 days’ notice to its members for convening the EGM.
Incorporation of Company
