The director is a whole-time director or managing director, he is classified as an employee of the company where as the independent directors/ non executive directors are not employees of the company. In any case the directors are not considered as sel...
john smith
Posted on August 10th, 2022
It is not possible to transfer the shares before depositing the paid-up capital in the bank account and filing INC 20 A. The first shareholders/ subscribers are those mentioned in the MOA and AOA of a company and by default, the shares are allotted to ...
john smith
Posted on August 9th, 2022
The major benefit of converting a PLC to OPC is that being a small company as per the provisions of Companies Act, there will be comparatively lesser compliances and increased flexibility.
The decision to go for trademarking depends upon the visibili...
john smith
Posted on August 5th, 2022
A company can remove its director by passing an ordinary resolution unless he was appointed by the Central Government or the Tribunal. The steps involved in removing a director are as follows.
1. Convene a board meeting by giving 7 days notice with t...
john smith
Posted on August 4th, 2022
Both have their own pros and cons and the decision depends on the situation. If you’re too particular about starting your company on your own and you’re confident that you don’t need any external financial assistance or partners in future, you can opt ...
john smith
Posted on August 3rd, 2022
No. Only a limited company can apply for Section 8 company license.
A Section 8 Company registration typically costs between 15000 to 75000 in India. The cost varies based on several factors such as the location of registered office, number of member...
john smith
Posted on August 2nd, 2022
Conversion of an OPC into a private limited company is permitted only after two years from the date of incorporation.
However, if the paid-up share capital exceeds rupees 50 lakhs or if its average turnovers exceed INR 2 crores within two months, the...
john smith
Posted on August 1st, 2022
By default the due date for filing income tax return for individuals is 31st July every year. For the AY 2022–23, the due date is 31 July 2022.
The procedure is summarising all the income earned during the FY 2021–22 and computing tax thereon after p...
john smith
Posted on July 30th, 2022
A director need not necessarily become the shareholder of a company. One can become the director even without holding shares.
A company secretary also need not necessarily become the director/ member of the board. It is the sole discretion of the com...
john smith
Posted on July 29th, 2022
There are several tax-saving options available which include investing in LIC and tax-saving mutual funds, payment of education fee, health insurance premium etc.
You can log into the income tax account and file the ITR from the dashboard. You need t...
john smith
Posted on July 28th, 2022
